Employee cards are free and also earn 2x on all spending. Set individual spending limits for greater control. Managing your business finances is already tough, so why open a credit card that will make budgeting even more confusing? The Blue Business Plus Credit Card from American Express, Earn15,000Membership Rewards points after you spend$3,000 in eligible purchases on the Card within your first3 months of Card Membership. To qualify, you must be a business owner or have some sort of self-employment. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Many or all of the products featured here are from our partners who compensate us. is well worth the annual fee. Every dollar you charge for qualifying purchases will earn you 2x miles. The Capital One Spark business credit limit is $500 for Spark Classic and $2,000 for the Spark Cash and Spark Miles cards. If you spend enough to earn ample rewards, can earn the welcome bonus, find TSA Precheck or Global Entry valuable, and would like to save on foreign transaction fees, youll likely come out ahead with this card. However, each mile is worth $0.01 each when you redeem them to cover travel purchases charged to your card. Youll just have to spend $4,750 each year on this card or just under $400 per month to recoup the annual fee. , you'll get an elevated earn rate of 5x miles. 1X is earned for other purchases. This bonus is about average among business credit cards for travel. So the difference between the two bonuses is 30,000 Spark miles, which are worth a minimum of $300, but . Businesses with moderate spending would be hard-pressed to find a better no-annual-fee travel card than the Capital One Spark Miles Select. Welcome Offer Earn a one-time bonus of 50,000 miles - equal to $500 in travel once you spend $4,500 on purchases within 3 months from account opening. Capital One Spark Miles Select for Business. Whats more, there are no expiration dates or earnings caps, leaving you free to amass a hefty pile of points for use at your own leisure. No responsibility will be taken by the bank advertiser for these comments. New cardholders can earn a one-time bonus of 50,000 . Not only does this card earn highly flexible rewards, it offers a rob Information provided on Forbes Advisor is for educational purposes only. This site does not include all credit card companies or all available credit card offers that are on the market. If you use the card outside the U.S., youll pay no foreign transaction fees on your purchases. **, **4X points apply to the first $150,000 in combined purchases from these 2 categories each calendar year. They do have two important differences, however. Also, some of these airlines belong to airline alliances (such as the Star Alliance), allowing you to book flights outside their flight networks via their partner airlines. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Earn a one-time bonus of 20,000 miles once you spend $3,000 on purchases within the first 3 months from account opening. He loves to see new parts of the world with his wife and son. Non-travel redemption options include purchases made through Amazon.com or PayPal, as well as gift cards and cash back. This site does not include all credit card companies or all available credit card offers. Redeem your miles for flights, vacation rentals, car rentals, ride . Please see our card rating methodology. Our ratings take into account the cards rewards, fees, rates along with the cards category. And unlike some other cards, the Capital One Spark Miles for Business doesnt deter you from spending a lot. Earn unlimited 1.5 points for every $1 spent on all purchases everywhere, every time-no matter how much you spend. Email needed if you'd like comment updates. This card comes with a $95 annual fee, but that fee is waived for the . The Ink Business Preferred Credit Card is a superior travel rewards card that offers a better sign-up bonus and more valuable rewards and travel benefits than the Capital One Spark Miles card. The Capital One Spark Miles for Business comes with a lucrative new cardmember offer: Earn a one-time bonus of 50,000 miles equal to $500 in travel once you spend $4,500 on purchases within the first 3 months from account opening. Earn a 50,000 miles welcome bonus (worth $500 in travel) after you spend $4,500 within the first 3 months of account opening. This flight is available for 13,000 British Airways Avios and $5.60. As you compare business credit cards, you'll notice that some cards offer a higher rewards rate in bonus categories along with a lower flat rate on regular purchases. Thankfully, the Capital One Spark Miles Selects program is markedly streamlined. But the benefits are pretty lackluster for a credit card with an annual . A business that spends $2,000 per month on its Capital One Spark Miles card will earn 3,000 miles per month (or 36,000 per year); this is worth $360 when used for travel. ValuePenguin does not include all financial institutions or all products offered available in the marketplace. Click here to see a list of advertisers that we work with. Capital One Spark Miles for Business. The Capital One Spark Miles for Business credit card is offering a 50,000-mile sign-up bonus, which is earned once you spend $4,500 on purchases in the first three months of account opening. Rewards Earning Details. The Spark Miles Card's perks start with an initial bonus worth $500 in travel, which new cardholders can earn by spending $4,500 within three months of opening an account. Your financial situation is unique and the products and services we review may not be right for your circumstances. How to Apply. Then, after making the purchase, redeem your miles for a statement credit in the amount of the purchase. Your rewards may be worth more in free travel when you transfer your miles to a partners loyalty program. You can also report a lost Capital One Spark Miles for Business credit card through the Capital One website. You might be using an unsupported or outdated browser. Editorial Note: The content of this article is based on the authors opinions and recommendations alone. If you're on a Galaxy Fold, consider unfolding your phone or viewing it in full screen to best optimize your experience. It offers flexible travel rewards that can either be redeemed as cash toward the cost of a travel purchase, or can be transferred to an airline or hotel partner. You may receive a higher limit depending on how high your credit score and income are. Earn unlimited 1.5X miles on every purchase for your business, plus 5X on hotels and rental cars booked through Capital One Travel. Get to know the best small business credit cards. For more information please see our Advertiser Disclosure. However, hotels booked through the Capital One portal will likely not earn status benefits, making this bonus of limited value for travelers who care about hotel status perks. The card's unique rewards structure favors businesses that spend a lot on travel and certain business purchases. Winner: Capital One Venture. This compensation comes from two main sources. So its a shame to waste it in long airport security lines. Her expertise is featured throughout Fit Small Business in personal finance, credit card, and real estate investing content. The Business Platinum Card from American Express, Business Green Rewards Card from American Express, Cover select travel purchases (including vacation rentals), Transfer your rewards to travel loyalty programs, Depends on the transfer partner and ratio, Transfer your rewards to another Capital One account, Earn 2 Miles per $1 on every purchase, everywhere, Flexible rewards, plus the option to transfer to Capital One airline and hotel partners, Fewer travel benefits than premium travel credit cards for business. That depends on how you use the card and whether you can take full advantage of its strengths. Redeem points for a statement credit to offset travel and dining purchases, travel with no blackout dates at the Bank of America Travel Center, cash back or gift cards. Busy business owners don't need to track categories and spending caps to maximize their miles. Are you sure you want to rest your choices? Also, the Spark Miles Select earns 1.5 miles per dollar spent, compared to 2 miles per dollar on the Spark Miles. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125). These two cards are virtually identical except for the type of rewards they earn. Here are our picks for the. The card has $0 in annual fees and is designed for businesses building up credit. Annual Fee$0 intro for first year; $95 after that. Better details For a no-annual-fee store card, the is adequate. Benilyn has over a decade of experience as a banking officer. It also features 0% introductory APR and $0 foreign transaction fees on purchases made outside of the United States. For example, the Chase Ink Business Preferred Credit Card lets you Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening. If either of these is the case, it could be worth considering a different card. Get unlimited 1.5 miles on every purchase with your business credit card with no blackouts or seat restrictions, and no minimum to redeem. We'd love to hear from you, please enter your comments. As mentioned, Capital One lets you transfer miles to a variety of hotel and loyalty programs. What it's worth: $500 in travel statement credits through Capital One. The Capital One Spark Miles for Business is a good business credit card for anyone who doesn't want to deal with complicated rewards programs. However, the credit card information that we publish has been written by experts who know these products inside out, and what we recommend is what we would (or already) use ourselves. This site does not include all credit card companies or all available credit card offers. The Bank of America Business Advantage Travel Rewards World Mastercard credit card wont let you redeem until youve accrued at least 2,500 points for travel, travel credits, or cash rewards, and gift card redemptions become available at 3,125 points. And by utilizing mile transfers, it could be pretty rewarding. With the Capital One Spark Miles for Business, youll earn a solid 2 miles per dollar on every purchase, so you can rest easy knowing youre maximizing every expense without keeping up with complicated credit card rewards. Commissions do not affect our editors' opinions or evaluations. The Capital One Spark Miles credit card offers many perks that small business owners can use. Is the Capital One Spark Miles for Business Worth Its Annual Fee? It will NOT be published. Capital One's list of partners isn't as robust as Chase Ultimate Rewards and Amex Membership Rewards. Capital One Spark Miles for Business. Many of the credit card offers that appear on this site are from credit card companies from which we receive financial compensation. Sign up to receive more well-researched small business articles and topics in your inbox, personalized for you. *, AIRLINE BONUS: Get 25% points back after you use points for all or part of an eligible flight booked with Amex Travel, up to 250,000 points back per calendar year. The Capital One Spark Miles for Business would be a better fit for business owners a bigger travel budget as it comes with a more generous sign-up bonus, more travel benefits and a more generous rewards earning rate in exchange for an annual fee of $0 intro for first year; $95 after that. Earn 1 point per $1 on all other purchaseswith no limit to the amount you can earn. This card is best for business owners who don't want to deal with rewards bonus categories, as well as those who want the option to redeem their miles for travel. Earn unlimited 2X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won't expire for the life of the account. The more you spend, the more miles you earn. The card's $95 annual fee is waived the first year. The Capital One Spark Miles Select comes with a 0% introductory APR for 9 months, followed by a 18.24% - 28.24% variable APR APR thereafter. Chip Lupo, Credit Card Writer. However, travel enthusiasts will likely prefer to take advantage of the Spark Miles Selects travel partners, potentially increasing the value of their earnings. Capital One miles are worth a minimum of one cent each toward a travel purchase, though personally I value Capital One miles at 1.7 cents each. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105. We only recommend products we either use ourselves or endorse. Any and all options, reviews, comments and analyses are the responsibility of the author(s) and not any Advertiser or credit card issuer. This one-way flight on Dec. 15, 2022, from Los Angeles to Honolulu is operated by American Airlines. The Capital One Spark Miles for Business will give you 50,000 miles when you spend $4,500 within the first three months. 2023 Upgraded Points, LLC. If you want to find other options, proceed to our recommended alternatives below to find cards that may be more suitable for your businesss needs. This site does not include all credit card companies or all available credit card offers that are on the market. Verdict: A better option for businesses who can meet a big spending requirement upfront. Alex has been traveling for over 25 years and from a young age was lucky enough to set out on numerous family trips all over the world, which gave him the travel bug. Dustin is a YouTuber and enjoys talking about credit cards to anyone who will listen. Fee: 3% of the amount of the cash advance, but not less than $3. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Terms apply. You can take your cash back as a statement credit, which reduces your outstanding card balance, and many more options. Beginning May 21, 2019, cardholders can receive a reimbursement of up to $100 when they use their card to apply for TSA PreCheck or Global Entry. Attn: Payment Processing For business owners looking to earn travel rewards, the Capital One Spark Miles for Business is a great card to consider. Cardholders receive an unlimited 5 miles per dollar spent on hotels and rental cars booked . The Capital One Spark Miles for Business makes it easy for business owners to earn and redeem travel rewards while also enjoying a range of other valuable perks. The Capital One Spark Miles for Business is great for the business owners looking for straightforward 2x earning with no blackout dates, no seat restrictions, and no minimum when redeeming your miles. How To Find The Cheapest Travel Insurance, Chase Sapphire Preferred Vs. Capital One Venture, Chase Freedom Unlimited Vs. Chase Slate Edge, Bank Of America Preferred Rewards Program Review, Miles can be transferred to Capital Ones travel partners, Business management tools including quarterly reports, Intro APR period is shorter than many similar offerings, Earn unlimited 1.5X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles wont expire for the life of the account, Earn a one-time bonus of 20,000 miles equal to $200 in travel once you spend $3,000 on purchases within the first 3 months from account opening, Save on interest with 0% intro APR on purchases for 9 months; 18.24% 28.24% variable APR after that, Use your miles on flights, hotels, vacation packages and moreyou can use your miles to cover eligible travel purchases to over a dozen travel partners, Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services, Free employee cards which also earn unlimited 1.5X miles from their purchases, Flat earnings of 1.5 miles per dollar spent on most purchases, Introductory APR of 0% on purchases for 9 months, followed by the standard rate of 18.24% - 28.24% variable APR, Rewards are unlimited and can be redeemed at any time, Make a purchase on your own and use miles as a statement credit towards the purchase, Redeem miles on the spot by booking travel through the Capital One Travel Center, Transfer miles to Capital Ones travel partners. The offers straightforward rewards, but if youre looking for a travel card, this is far from likely to be the most lucrative option. You have the option to transfer your miles to . We estimate that the average cardholder can earn around $1,220 in rewards in the card's first year. The content featured on UpgradedPoints.com has not been influenced, provided, or reviewed by the credit card companies mentioned. Since British Airways is a 1:1 transfer partner of Capital One, this flight would require transferring 13,000 Capital One miles to British Airways. $150 annual fee Free employee cards, which also earn unlimited 2% cash back on all. Capital One Spark Classic for Business 3.2 Welcome Bonus N/A Annual Fee $0 Regular APR 29.74% variable Credit Score Average, Fair, Limited Pros Free employee cards No foreign transaction fee. As mentioned earlier, there are a few ways to redeem rewards for travel: Independent booking can be done through whatever means you prefer; hotel websites, discount travel sites, travel agents and airlines are all fair game. You can use the card to pay cash for travel, then redeem miles for a statement credit against the travel purchase at a rate of 1 cent per mile. For example, rewards can increase by 25% to 75% depending on your relationship tier with Bank of America. OFFER ENDING SOON: Earn $900 Bonus Cash Back, Capital One Spark Miles for Business Review, The rating for this card has been determined by our own industry experts who are immersed in the credit card world. Do you need more options? $0 intro annual fee for the first year, then $95 after. The Capital One Spark Classic offers a flat 1% cash back on every purchase you make. Any and all options, reviews, comments and analyses are the responsibility of the author(s) and not any Advertiser or credit card issuer. When evaluating offers, please review the financial institutions Terms and Conditions. All ratings are determined solely by our editorial team. on Bank of America Business Advantage Travel Rewards World Mastercard credit card's secure website. However, this does not influence our evaluations. Charlotte, NC 28272-1083. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. For more information on our advertisers, see here. You can use miles to pay for your travel by booking directly through the Capital One travel portal website, where youll also get a value of 1 cent per mile. The Capital One Spark Miles for Business value can be excellent for small businesses who want flexible rewards especially the first year. NerdWallets best no-annual-fee travel credit cards. All financial products, shopping products and services are presented without warranty. With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring. Here are the key features of the Capital One Spark Miles for Business. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance. Strengths: Build Credit, Earn Cash Back, No Fee Designed for businesses building credit, you can get approved with a lower credit rating-since that's who the card is designed for. If you do a lot of international travel, the Capital One Spark Miles for Businesss no foreign transaction fee feature is like money in the bank. The Spark Miles Select Card offers 20,000 Spark miles after spending $3,000 within three months. Learn more: NerdWallets best no-annual-fee travel credit cards. 2X miles per dollar is a good rate, and the 5X for hotels and rental cars is a nice option to have. This is equal to $500 in travel. airline and hotel loyalty programs, including, and Accor Hotels, to let you transfer your Capital One miles. Do not sell or share my personal information. earns 2% cash back, for up to $50,000 spent in a calendar year. Opinions and recommendations are ours alone. The Forbes Advisor editorial team is independent and objective. When evaluating offers, please review the financial institutions Terms and Conditions. See our Advertiser Disclosurefor more details. Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening. Redeeming miles for cash back, gift cards or using them to shop with Amazon is possible, though it will likely yield lesser value. The site does not review or include all companies or all available products. Cardholders with the Capital One Spark Miles for Business get two free lounge visits to Capital One airport lounges each year. Redemptions are simple, and the card comes with an attractive welcome bonus and plenty of money-saving extras. But after you hit $50,000 in spending, your cash back rate is just 1%. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Disclaimer:Upgraded Points, LLC and its website, UpgradedPoints.com, provides information on credit cards, reward programs, travel information and ancillary information concerning travel and credit cards. She's been featured as a personal finance expert in outlets including CNBC, Business Insider, CBS Marketplace, and has appeared on or contributed to Fox News, CBS Radio, ABC Radio, NPR, International Business Times and NBC, ABC and CBS TV affiliates nationwide. We also take into consideration the annual fee, introductory and ongoing annual percentage rates (APRs), and additional features. Compensation from the issuer does not affect our rating. Terms apply to American Express benefits and offers. We may make money when you click on links to our partners. Also note that some rewards points are worth more than Capital One miles on average. The information related to American Express Business Gold Card, The Business Platinum Card from American Express and Business Green Rewards Card from American Express has been independently collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply to offers below. The card details on this page have not been reviewed or provided by the . Facebook This benefit is renewable every four years. Fit Small Business's ratings are calculated by industry experts of our editorial team. NerdWallet strives to keep its information accurate and up to date. Spark 2X Miles Rates & Fees Information Apply Now 2X Unlimited Rewards Transfers can be a good option if you're shy a few miles or points for booking an award in another program, but some transfers are better than others. If youll be using the overnight address, please take note that this wont get delivered straight to a payment processing center and may not get processed the next day. The Capital One Spark Milesearns rewards that have the most value when redeemed for travel, while the Spark Cash Select from Capital One* earns cash back. Credit Score ranges are based on FICO credit scoring. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. The card awards 2 points on travel and dining and 1 point on everything else. She brings with her 12 years of experience as a banking officer with the Bank of the Philippine Islands with expertise in consumer banking, real estate sales, and foreign exchanges. This means the Capital One Spark Miles for Business earns the equivalent of 2% back for travel on everything you buy. Contactless Cards - The security of a chip card, with the convenience of a tap. Editorial Note: Opinions expressed here are the authors alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. After those first nine months, your APR will set in at a variable rate that will depend on your creditworthiness. Past performance is not indicative of future results. New Capital One Spark Miles for Business cardholders can earn 50,000 miles - equal to $500 in travel - once they spend $4,500 on purchases within the first 3 months from account opening. Table of Contents 2x miles on other purchases. Plus the card comes with a. Capital One Spark Miles business card approval tips. Capital One also has an unpublished rule that says you can only get approved for one new card bonus every six months.\u003C\/p\u003E\n\n\u003Cp\u003E","padding":"double"}, {"backgroundColor":"ice","content":"\u003C\/p\u003E\n\n\u003Ch3\u003EWhat are Capital One Spark Miles for Business miles worth?\u003C\/h3\u003E\n\n\u003Cp\u003EWhile cardholders earn 2 Miles per $1 on every purchase, everywhere spent with the card, the value of these miles can vary depending on how you redeem them. Many of the credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. You earn 2x miles on purchases and redeem your miles for travel statement credits or transfer to participating airlines and hotels. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Dustin isn't a luxury traveler and enjoys eating street food whenever possible. gives you more control over how you redeem your rewards by offering several ways to use miles. When you travel for business, time is money. Simply put, theres no downside to having some time for interest-free spending. leading credit card for new businesses with no credit history, top-recommended high-limit business credit cards, best business credit cards for the self-employed, Introductory reward worth $200 in travel after you spend $3,000 within the first three months, 5x miles on hotel and rental car bookings through the issuer, Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening, Earn unlimited 1.5% cash back on every purchase made for your business. The Capital One Spark 2X Miles for Business could earn you a good number of miles to use for business trips. To see how these cards stack up against others we have reviewed on our site, click Add to Compare on a card below and select up to two additional cards for comparison. on American Express Business Gold Card's secure website. These responses are not provided or commissioned by the bank advertiser. Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. It offers 1.5x miles on all purchases and lets you transfer miles to any of its travel partners. The Capital One Spark Miles for Business Credit Card is ideal for frequent business travelers who want to earn unlimited bonus miles that never expire and pay no fees for overseas transactions. Earn a one-time bonus of 50,000 miles equal to $500 in travel once you spend $4,500 on purchases within the first 3 months from account opening, Earn unlimited 2X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles wont expire for the life of the account, Unlimited 5X miles on hotels and rental cars booked through Capital One Travel, Transfer your miles to 15+ travel loyalty programs, Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services, Fly through security with one statement credit for either the $85 TSA PreCheck application fee or the $100 Global Entry application fee, $0 intro annual fee for the first year; $95 after that, Free employee cards which also earn unlimited 2X miles from their purchases.