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Capital One® Spark® Miles for Business Review

Excellent, Good

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What Capital One says about this card

Apply online for Capital One® Spark® Miles for Business
  • Limited Time Offer: Earn up to 200,000 bonus miles worth up to $2,000 to spend on travel-flights, hotels and more
  • Earn 50,000 bonus miles when you spend $5,000 in the first 3 months and earn 150,000 bonus miles when you spend $50,000 in the first 6 months of your account opening
  • 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
  • Earn 5X miles on hotel and rental car bookings through Capital One Travel℠ using a Spark Miles card
  • Transfer your miles to 10+ leading travel loyalty programs like JetBlue™, Air Canada, and Emirates™
  • 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 Pre✔® application fee or the $100 Global Entry application fee
  • $0 intro annual fee for the first year; $95 after that

By Brooklyn Lowery Site Editor  Updated Nov 8, 2019

Capital One® Spark® Miles for Business Essentials

As cards targeting small businesses go, Capital One® Spark® Miles for Business may not have all the bells and whistles of some. But its straightforward, simple rewards program is a perfect fit for many.

The welcome offer is an enticing way to start a relationship with a new card: For a limited time, earn up to 200,000 bonus miles, worth up to $2,000 to spend on travel; earn 50,000 bonus miles when you spend $5,000 in the first three months and earn another 150,000 bonus miles when you spend $50,000 in the first six months of account opening. A straightforward and unlimited 2X the miles rewards rate keeps the momentum rolling. Plus, earn 5x the miles on hotel and car rental bookings through Capital One TravelSM. Miles don't expire for the life of the account and you can choose to transfer them to more than 10 travel loyalty programs.

Capital One® Spark® Miles for Business has an annual fee of $0 intro for first year; $95 after that, giving you the opportunity to try out its perks and features without paying an annual fee for the first year. Given the easy rewards earning and redemption options, we think you'll find it fairly simple to offset the annual fee and then some.

The Capital One® Spark® Miles for Business offers a ton of flexibility in its rewards program. You can either log into your account and make your travel purchases (airline tickets, car rentals, etc.) using your accumulated points or you can also be reimbursed for previously made travel purchases by using the "Purchase Eraser" feature. Just log into your account, choose the "Purchase Eraser" feature and you can use your points against the amount you spent on your qualifying purchase and be reimbursed the cash value. The best part is you can erase all or even just part of a purchase – it's up to you. You can also transfer those miles to one of several popular travel loyalty programs.

Additional features include free employee cards, quarterly and year-end summaries, downloadable purchase records, a mobile app to manage purchases, no foreign transaction fees and car rental insurance, purchase protection, roadside dispatch, lost luggage reimbursement and up to a $100 credit for one Global Entry or TSA Pre✓® application fee.

CardRatings Editor's Analysis: Pros & Cons

  • The rewards program boasts one of the highest earn rates available at two miles per $1 spent on all your purchases as well as five miles per $1 on hotel and car rental purchases through the Capital One portal.
  • Enjoy the flexibility to redeem miles directly for travel or use the "Purchase Eraser" to redeem miles for statement credit to cover a previously made travel purchase or transfer your miles to one of more than 10 travel loyalty partner programs,
  • There's a ton of flexibility when it comes to redeeming points in that your points don't expire for the life of the account and there are no blackout dates, airline restrictions or seat restrictions to worry about.
  • Those who spend less than $1,000 monthly may be better off with a card without an annual fee.

What Our Editors Like Best About Capital One® Spark® Miles for Business

Simplicity and keeping down costs are both beautiful things for small businesses.

Capital One® Spark® Miles for Business offers small businesses that do significant traveling a chance to keep costs under control. And the best part, the person in charge monitoring expenses doesn't need an accounting degree or PhD in economics to figure out the way to take advantage of the flexible miles redemption program.

A limited time up to 200,000 bonus miles welcome incentive is generous (earn it by spending $5,000 in the first three months to earn 50,000 miles and then spending $50,000 in the first six months for another 150,000 miles), and an unlimited two miles for every $1 spent on all purchases as well as five miles per $1 on hotel and car rentals purchases made through Capital One TraveSM keeps the rewards piling up.

The flexibility of Capital One® Spark® Miles for Business doesn't lock you into a partnered hotel chain or airline. This allows a small business to shop for the best deals on travel and still reap terrific rewards.

Potential Downsides of the Capital One® Spark® Miles for Business

The Capital One® Spark® Miles for Business card is definitely for a niche market. The annual fee (waived for the first year) can eat into the benefits if you don't do regular traveling.

Furthermore, the non-travel rewards program isn't quite as attractive.

On-time payments aren't just encouraged, they are essential. Late payment fees will cut into any rewards you earn and why have a rewards card only to offset the rewards with fees? Capital One® Spark® Miles for Business has non-travel redemption options but they tend to undervalue accumulated miles by as much as 50 percent.

Top Features

Rewards Bonus Rewards Annual Fee
2 Miles per $1 on every purchase, everywhere. 200,000 Miles Earn up to 200,000 miles: Earn a bonus of 50,000 miles when you spend $5,000 in the first 3 months and 150,000 miles when you spend $50,000 in the first 6 months of opening your account. Limited Time Offer $0 intro for first year; $95 after that

How Capital One® Spark® Miles for Business Compares To Other Small Business Credit Cards

Capital One® Spark® Miles for Business vs. Capital One® Spark® Cash for Business

The primary difference in these two Capital One cards is right there in their names. While Capital One® Spark® Miles for Business offers an attractive rewards program with the chance to use accumulated miles to pay for travel-related expenses, the Capital One® Spark® Cash for Business offers good old-fashioned cash as its reward.

For example, as an introductory offer for a limited time Capital One® Spark® Miles for Business offers up to 200,000 bonus miles (50,000 miles after spending $5,000 in the first three months and another 150,000 after spending $50,000 in the first six months). Capital One® Spark® Cash for Business offers a similar limited time deal, but in cash terms: Earn up to $2,000 bonus cash back; earn $500 when you spend $5,000 in the first three months and earn $1,500 when you spend $50,000 in the first six months from opening your account.

Both have a very simple rewards program, Capital One® Spark® Cash for Business offers 2 percent cash back on all purchases. Capital One® Spark® Miles for Business offers two times miles (essentially 2 percent) for every $1 spent as well as five times the miles on car rental and hotel purchases through the Capital One portal.

It comes down to a simple question for small business owners – do you prefer to accumulate travel miles or get cash back?

Capital One® Spark® Miles for Business vs. American Express® Business Gold Card

While Capital One® Spark® Miles for Business offers a strong rewards program for businesses with a small to moderate budget, American Express® Business Gold Card offers more for businesses with higher spending habits. American Express is a CardRatings advertiser.

The rewards program for American Express® Business Gold Card, while more lucrative in some areas, could also be considered more complicated. The cardholder gets more rewards, namely, 4x Membership Rewards® points on the two select categories where your business spent the most each month. (4X points apply to the first $150,000 in combined purchases from these 2 categories each calendar year.) In addition, they 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. There is also a flexible payment option that can help manage cash flow on purchases of $100 or more. Access expense management tools: Connect to Quickbooks, access the American Express® Business App, receive a Year-End Summary, and more. You can add employee cards with a no annual fee option and earn rewards on employee purchases while tracking employee expenses with spending limits, alerts and summary reports. There's also a welcome offer of 35,000 Membership Rewards® points after you spend $5,000 on eligible purchases within the first three months of opening an account; however, there's a $295 annual fee to consider. Terms apply; See Rates and Fees.

Capital One® Spark® Miles for Business vs. Capital One® Spark® Miles Select for Business

These cards are, obviously, siblings. The biggest differences lie in the annual fees and the amount of rewards earned for each purchase.

If your business isn't quite ready to commit to a card with an annual fee, the Capital One® Spark® Miles Select for Business card just might be the right choice. You don't pay an annual fee with this card, but you still enjoy many of the same perks and protections offered by the big brother card, Capital One® Spark® Miles for Business.

The key is that you'll also earn less with each purchase you make on the "select" version of the card: 1.5 miles per $1 spent as compared to two miles per $1 with the Capital One® Spark® Miles for Business. Both earn five times the miles on car rental and hotel purchases through the Capital One portal. The welcome offer is also significantly less with the Capital One® Spark® Miles Select for Business card at 20,000 miles after you spend $3,000 in the first three months of card membership.

Who Should Get This Card?

If you are a small business owner, whose employees do a fair amount of traveling for business, the Capital One® Spark® Miles for Business card can be a very effective tool in your fiscal arsenal.

If you don't have the time or the manpower to wade through a complicated rewards program to figure out the maximum value, the simplicity of Capital One® Spark® Miles for Business will make you smile.

This is also an excellent business miles card for the business owner who doesn't like to be locked into a relationship with one hotel chair or airline but would rather shop for the best deals available.

To see the rates and fees for the American Express® Business Gold Card please visit the following link: See Rates and Fees.

Capital One® Spark® Miles for Business compared to other travel rewards cards

Card Name
Rewards
Bonus Rewards
Annual Fee
Ratings/Apply
2 Miles per $1 on every purchase, everywhere.
200,000 Miles Earn up to 200,000 miles: Earn a bonus of 50,000 miles when you spend $5,000 in the first 3 months and 150,000 miles when you spend $50,000 in the first 6 months of opening your account. Limited Time Offer
$0 intro for first year; $95 after that
2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
$95
2 Miles per dollar on every purchase, every day.
50,000 Miles once you spend $3,000 on purchases within 3 months from account opening
$0 intro for first year; $95 after that
Earn 3X Membership Rewards® points on all eligible travel, from subway swipes and window seats to hotel stays and city tours. Earn 3X Membership Rewards® points at restaurants worldwide.
Earn 30,000 Membership Rewards® points after you spend $2,000 on purchases on your new Card in your first 3 months. Receive up to $100 in statement credits towards any eligible purchase made directly with Away in your first 3 months. Offer ends 1/15/2020.
$150
Apply Now
Terms and Limitations Apply
2 points for every $1 spent on travel and dining purchases. 1.5 points per $1 spent on all other purchases.
50,000 bonus points after you make at least $3,000 in purchases in the first 90 days of account opening.
$95

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