Capital One Spark Miles for Business review
This card offers user-friendly rewards for every day business owners who tend to travel often for business needs. Plus, start membership off on the right foot with a generous welcome bonus.
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- Rewards
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- Welcome Bonus
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- Annual Fee
- annual_fees
Key Features
descriptionEditor Analysis:
- 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 hotels, vacation rentals, and rental cars booked through the Capital One Travel.
- Enjoy the flexibility to redeem miles directly for travel or redeem miles for statement credit to cover a previously made travel purchase, or transfer your miles to one of numerous travel loyalty partner programs.
- There's a ton of flexibility when it comes to redeeming miles in that your miles 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. Additionally, pay attention to the APR – RegAPR – if you intend to carry a balance. See Rates and Fees
card_name benefits
As cards targeting small businesses go, card_name may not have all the bells and whistles of some, but its straightforward, simple rewards program is an excellent fit for many.
The welcome offer is an enticing way to start a relationship with a new card: Earn 50,000 bonus miles, worth $500 to spend on travel, after you spend $4,500 in the first three months. A straightforward unlimited 2X the miles per $1 spent rewards rate on your purchases keeps the momentum rolling. Miles don’t expire for the life of the account and you can choose to transfer them to numerous travel loyalty programs.
Spark Miles for Business has an annual fee of AnnualFees, 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.
This card also 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 miles or you can be reimbursed for previously made travel purchases. Just log into your account, choose the "Cover Travel Purchases" option and you can use your miles 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, MasterRental® insurance, roadside assistance, purchase security, and lost luggage reimbursement. See Rates and Fees
Potential downsides of the card_name
The card_name is a great option for those looking for a simple and flexible rewards credit card; however, it might not be the best option for those who truly spend a lot in specific categories. If you only plan to use your business credit card for internet, phone, and cable services, or for travel purchases, for example, you might fare better with a card that offers a high percentage rewards rate in those specific categories instead.
There’s the annual fee to think about, too. This fee can eat into the card’s benefits if you don’t travel regularly. Though it’s waived for the first year of card membership, those looking to avoid annual fees might want to consider another option.
Lastly, the APR of RegAPR could put a serious dent in your bottom line if you find yourself needing to a carry a balance. If you envision needing to carry a balance on a big purchase or two in the near future, you might consider an intro 0% APR card or balance transfer offer instead. See Rates and Fees
card_name approval odds
Do you qualify for the card_name?
The list of people who can apply for a small business credit card is long, and includes freelancers/self-employed individuals, entrepreneurs, small business owners/officers, owners/officers of established businesses, and owners/officers of startups. Most credit card companies define "business" quite broadly when it comes to considering applicants for small business credit cards. To qualify for a business credit card, you must be an "authorized officer" of a company. Basically, this means that you must have the legal right to enter into borrowing arrangements with financial institutions on behalf of a business. If you are the owner of a sole proprietorship business or the sole owner of a small business, you are already an "authorized officer." You are, after all, the only owner of the company. It can be more complicated determining who ranks for businesses that have multiple owners. In general, though, most owners are also "authorized officers."
Credit card issuers consider each application on its own merits, so don’t assume you don’t qualify just because your business might not fit that standard business model. Do keep in mind though that your personal credit history will likely be what is used to determine your eligibility and/or credit limit on a business card before you’ve built up a credit history for your business.
If your business doesn’t have a tax ID number (EIN), you can enter your personal social security number instead. In general, try to have the following information handy when you apply:
- Business name
- Business name as you want it to appear on the card
- Business address
- Type of business
- Tax ID number (or your social security number)
- Number of employees
- Annual revenue/sales
- Monthly expenses
- Number of years in business
- Ownership type (publicly traded, privately owned, etc.)
- Business structure (LLC, corporation, non-profit, etc.)
➤ LEARN MORE:Who can apply for a business credit card?
How do cardholders rate the card_name?
CardRatings conducts a survey annually to learn what actual cardholders think of their cards. Here are the results for the card_name:
| Current Scores | Past Scores | |
|---|---|---|
| Overall Score | 81.8 | 77.7 |
| Features Satisfaction | 7.9 | 7.7 |
| Customer Service | 8.2 | 7.8 |
| Website/App Usability | 8.2 | 7.8 |
| Likelihood of Continuing to Use | 8.8 | 7.9 |
| Recommend to a Friend/Colleague | 8.4 | 7.8 |
How the card_name compares to other cards
card_name vs. card_name
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Both the card_name and the CardName are good choices for business owners. Each provides rewards and a host of other perks although there are differences in what they offer.
First off, card_name offers a 90,000-point bonus when new cardholders spend $8,000 in purchases within three months of opening an account. That’s $900 cash back or $1,125 toward travel when redeemed through Chase Travel℠.
When it comes to earnings for purchases, the card_name earning structure is a little more complex. Cardholders can earn 3X Chase Ultimate Rewards® points for every $1 spent, up to $150,000 annually, on select categories of spending such as travel, shipping purchases, internet service and social media advertising. All other purchases receive one reward point per $1 spent.
The card_name offers free employee cards, no foreign transaction fees and multiple ways to redeem rewards, though it has a annual_fees annual fee.
card_name vs. CardName
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The obvious difference in these two Capital One cards is right there in their names. While card_name offers an attractive rewards program with the chance to use accumulated miles to pay for travel-related expenses, the CardName offers good old-fashioned cash as its reward. However, the Spark Cash Plus card is also geared toward businesses that are perhaps spending a little more.
For example, as an introductory offer card_name offers 50,000 bonus miles – worth $500 in travel – after you spend $4,500 in the first three months. CardName, on the other hand, offers a one-time cash bonus of $2,000 once you spend $30,000 in the first three months, plus earn an additional $2,000 cash bonus for every $500,000 spent during the first year
Both have a very simple rewards program, CardName offers 2% cash back on all purchases. card_name offers two times miles (essentially 2%) for every $1 spent as well as five times the miles on car rental, vacation rentals, and hotel purchases through Capital One Travel. It comes down to a simple question for small business owners – do you prefer to accumulate travel miles or get cash back?
Is the card_name a good credit card?
If you are a small business owner and you or your employees do a fair amount of traveling for business, the card_name 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 the Spark Miles card is sure to 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 chain or airline but would rather shop for the best deals available, thanks to the ability to easily transfer miles or cover recent travel purchases with miles.
Frequently asked questions
What is the annual fee for the card_name?
Our Methodology
Survey methodology: CardRatings commissioned Op4G in September 2023 to conduct surveys among 1,869 cardholders nationwide. CardRatings website analytics from Jan. 1, 2023-Aug. 31, 2023 were used to determine a selection of the most popular cards and additional cards were included to add survey breadth. Responses to each of nine questions were given on a scale of 1-10 and respondents’ scores were then averaged under broad topics. To determine the overall score, responses from questions 1-8 were summed and the answer to "How likely are you to recommend this card to a friend, coworker or family member?" was double weighted. Current Scores reflect scores from the most recent survey (2023); “Past Scores” reflect scores from the 2022 survey.
Disclaimer:The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we cannot guarantee the accuracy of the information in this article. Reasonable efforts are made to maintain accurate information. See the online credit card application for full terms and conditions on offers and rewards. Please verify all terms and conditions of any credit card prior to applying.
This content is not provided by any company mentioned in this article. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any such company. CardRatings.com does not review every company or every offer available on the market.
For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.
