Capital One® Spark® Miles for Business emulates the popular two miles reward from Capital One® Venture® Rewards Credit Card. However, with a dedicated small business credit card, you won't have to worry about separating your personal purchases from your business expenses on the same account. With a low annual fee ($0 intro for first year; $95 after that) and the ability for your whole team to earn miles (add employee cards at no additional cost), this card can give you something back for your business spending, as you can redeem rewards for travel, cash back, gift cards, and more.
A miles-based rewards program for business owners
With Capital One® Spark® Miles for Business, you earn two miles for every dollar you spend on net purchases, with no caps, and miles won’t expire for the life of the account. Log in to Capital One's website to see your balance climb in real time.
If you choose to redeem your miles for travel, there are two ways to go about it:
How Capital One® Spark® Miles for Business compares to other business travel credit cardsMost travel rewards cards require loyalty to a specific airline or hotel chain. For example American Express, a Cardratings.com advertiser, offers the The Starwood Preferred Guest ® Business Credit Card from American Express which can help road warriors earn rewards that can be redeemed toward nights at Sheraton, Westin and W Hotels, among others. Likewise Citi, a CardRatings.com advertiser, offers the CitiBusiness® / AAdvantage® Platinum Select® World Mastercard® where Card Members can earn rewards that can be redeemed for trips on American Airlines and its network of partner carriers. If you travel consistently enough to benefit from one vendor's loyalty rewards, you might prefer a traditional travel credit card.
On the other hand, frugal entrepreneurs often prefer to find the cheapest fare possible, even if that means spreading out travel purchases across multiple merchants. Depending on your travel itinerary, you could end up spending more on one carrier's frequent flier redemption fee than on an actual ticket at a discount airline. Capital One® Spark® Miles for Business frees you from tracking loyalty programs at dozens of airlines and websites. This card also maximizes your rewards by offering a consistent rate of 2 miles per dollar spent across every purchase made with the card instead of on just your travel expenses.
Good small-business credit card for frequent travelers
Frugal business owners and for companies with unpredictable travel schedules may stand to benefit most from this card. If you're not the kind of traveler that knows a first-class flight crew by their first names, Capital One® Spark® Miles for Business can make up in reward miles what you're missing in recognition. While on the road, Capital One's Travel and Emergency Assistance program can help you with a range of services including ticket replacement, legal or medical referrals and more. Likewise, the built-in auto rental insurance if you use your card to rent an eligible vehicle you are covered for collision, damage and loss. Visa's purchase security where eligible purchases are replaced, repaired, or reimbursed for the first 90 days may help your company save even more money with the Capital One® Spark® Miles for Business.