One thing that makes Capital One miles unique is how quickly these rewards post. Visit paypal.com/capitalone for additional details. CreditCards.com does not include the entire universe of available financial or credit offers.CCDC has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. But if your account is closed, you will lose any rewards you have not redeemed. All financial products, shopping products and services are presented without warranty. And if it's cash back you're interested in, you'll want to look elsewhere. You can redeem miles for any airline, hotel or vacation package purchase at a rate of a penny per mile, and there are no blackout dates or restrictions on when or how you travel. When she's not writing about credit cards, she's putting her own points and miles to use planning her next big vacation. Before applying for a card, it's a good idea to verify that your everyday purchases will earn points that can be redeemed with vendors you frequent. What I don't like is the CapitalOne Travel website. We love our Venture X and Venture Business cards. Capital One Spark Cash Select - $500 Cash Bonus, annual fee of$0. Generally these airlines dont have robust loyalty programs, and theres no way to efficiently transfer miles to those programs. Since 2004, CreditCards.com has worked to break down the barriers that stand between you and your perfect credit card. Keep your business running smoothly with Capital One Business Checking Products. In the case of Capital One: In an age where people love instant gratification, that sure is a nice feature, as you can redeem your rewards toward travel almost instantly. 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening. Learn the best ways to earn and redeem your Capital One miles to get the most out of the rewards program. The beauty of Capital Ones travel ecosystem is that cards offer an excellent return on everyday spending, and Capital One miles are also incredibly flexible. Using your miles for travel purchases still offers the best consistent value. While many rewards cards require you to weigh your spending toward bonus categories to get a similar overall rate, Capital One rewards you for every purchase you make. (More on that below.). The reality is that these currencies are basically the same Venture is the name of Capital Ones mileage currency on personal credit cards, while Spark is the name of Capital Ones mileage currency on business credit cards. Like all rewards credit cards, youll earn Capital One Rewards by making eligible purchases charged to your Capital One card. Ultimately this is a good option its an easy redemption with no learning curve, it gives you lots of flexibility, and given that many Capital One cards earn 2x miles per dollar spent, youre still earning a good return on your spending. The Capital One Spark Cash for Business features a few standard business management tools and a handful of travel protections. Sign-up bonus:Earn up to a $1,000 cash bonus; $500 once you spend $5,000 in the first 3 months, and $500 once you spend $50,000 in the first 6 months of account opening. Can You Get a Credit Card Without a Social Security Number? The comments on this page have not been provided, reviewed, approved or otherwise endorsed by any advertiser, and it is not an advertiser's responsibility to ensure posts and/or questions are answered. Yes, the spend requirement is steep if you want to earn the total 200,000 . Our Capital One Spark 2X Miles review can show you how. If you want to redeem points, for example, you may be able to choose whether to receive a $15 gift card or cover a $25 charge on your account. This can stretch your Capital One miles even further. Here is a list of our partners and here's how we make money. The aforementioned American Express Blue Business Cash Card could be a good pick. Capital One also allows cardholders to redeem their rewards as cash back (in the form of a mailed check or an electronic statement credit), although only at 0.5 cents per point. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within listing categories. So how do we make money? 2 miles per dollar spent on all purchases. People also ask He lives in Des Moines, Iowa, with his fiance, his two sons and a dog named Sam. To earn the complete bonus, here's how it works: Earn 50,000 Spark miles when you spend $5,000 in 3 months. Some provide perks like access to exclusive events or premium travel lounges. To redeem your Capital One Spark Business rewards, log in to either the Capital One website or the mobile app, and navigate to the rewards summary. While the ability to convert Venture and Spark miles into airline and hotel points is exciting, there are still going to be plenty of circumstances under which you get a better deal using the statement credit redemption method. These are provided as guidelines only and approval is not guaranteed. Despite the different branding, for all practical purposes these currencies are identical. The Capital One Travel Center is an online travel agency (OTA), which works similarly to the interfaces youre already familiar with at sites like Expedia or Priceline. The Spark Miles for Business Card is currently offering a sign-up bonus of 50,000 bonus miles after spending $4,500 on purchases in the first three months of account opening. When you consider that some Capital One cards earn 2x miles on everyday purchases, to me these cards offer an incredible 3.4% return on everyday spending. Here are other things you should know: Your rewards are yours for the life of the accountthey will not expire. No matter which card works best for your spending habits, the intro bonus can make a significant dent in the price of your next trip. If that balance of clarity and flexibility sounds up your alley, heres what you need to know about Capital One miles. Card advice Hot Tip: For our recommendations, check out our monthly guide to the best credit card welcome bonus offers. It earns 2% cash back on eligible purchases, but only up to $50,000 in spending per calendar year (1% back after that). This compensation may impact how and where products appear on this site, including, for example, the order in which they appear within listing categories. Put $10,000 a month in inventory purchases on the card, for example, and you're looking at 240,000 miles at the end of the year good for $2,400 worth of travel. It . Sign In to Redeem How rewards work Choose rewards that work for you Travel miles or cash back? Keep in mind that the Venture Card and Spark Miles Card offer 2x miles per dollar spent, meaning that the cards offer the minimum of a 2% return on spending (toward travel). In the interest of full disclosure, OMAAT earns a referral bonus for anyone thats approved through some of the below links. Spark Miles | 2X Travel Rewards Credit Card | Capital One Business Card Sections Spark 2X Miles Credit Level: Excellent Earn unlimited 2X miles on every purchase. 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. Capital One Spark Miles Select for Business,annual fee of$0. Other potential perks. 2% cash back on all purchases; 5% cash back on hotels and rental cars booked through Capital One Travel. The scoring formula takes into account the type of card being reviewed (such as cash back, travel or balance transfer) and the card's rates, fees, rewards and other features. Unfortunately, this redemption option doesnt get quite as high a value out of your miles as if you used them for travel. the "Apply Now" button, you can review the credit card terms and conditions on the issuer's web site. 2023 Forbes Media LLC. Capital One Spark Cash Plus Card Earn up to a $1,000 cash bonus; $500 once you spend $5,000 in the first 3 months, and $500 once you spend $50,000 in the first 6 months of account opening. If paying cash, that ticket would have cost $8,000+. If you do, there are a variety of ways to redeem your cash back and miles to help cover your everyday expenses.1. Theres also no minimum requirement, and you can redeem as little as one mile. Redeeming your rewards miles for cash back, whether as a check or statement credit, is usually not the best choice for Capital One rewards cardholders. While the 2:1 and 2:1.5 rates seem like you are always losing value, some airline miles have a higher valuation, and you can occasionally get more per mile. Total. Simply choose the amount of the charge you want to use miles for, and it will be awarded to your account as a statement credit. Cash-back redemption options include account credit, check by mail and redeeming for existing purchases on your statement. Keep an eye on your inboxwell be sending over your first message soon. All Capital One rewards cards offer competitive sign-up bonuses. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. At $150 per year, the card earns 2% back on all purchases and can be an especially good deal for high spenders. The mileage bonuses and earned miles allowed me to purchase an RT business class seat for my wife on Singapore Airlines from SFO to SIN (This was before Singapore's recent mileage devaluation). Keep in mind that its better to charge your credit card for Travel Center purchases, because you will earn miles on the purchase. When youre ready to pay, make sure you choose PayPal Checkout and select the Capital One rewards card youve linked as your payment method. The Capital One Spark Classic offers a flat 1% cash back on every purchase you make. How To Find The Cheapest Travel Insurance, Capital One Spark Miles Select for Business, cover the cost of purchases at Amazon.com. The mileage bonuses and earned miles allowed me to purchase an RT business class seat for my wife on Singapore Airlines from SFO to SIN (This was before Singapore's recent mileage devaluation). However, we may receive compensation when you click on links to products from our partners. Just keep in mind that offers are targeted and might change by the cardholder. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, hotel chain, or product manufacturer/service provider, and have not been reviewed, approved or otherwise endorsed by any of these entities.