Entrepreneurs don't travel like executives. When there's no corporate travel department covering an airline credit card's annual fee or paying for airport lounge access, business travel looks more like a slapdash exercise in vacation planning than a seamless experience. That's why Capital One® Spark® Miles Select for Business card will appeal to frugal bootstrappers. It's a rare travel rewards card with no annual fee and the potential to earn 1.5 miles per dollar spent on every purchase for your business, all year long. These miles don’t expire for the life of the account and there are no categories to limit where or what you buy.
No annual fee
Rewards credit cards usually tack on annual fees to cover the costs of cash back and rewards trips. Companies that spend tens of thousands of dollars a year can usually earn enough rewards points or miles to dwarf a card's annual fee, but start-up businesses and other frugal companies may not always have that ability. That's why we think Capital One® Spark® Miles Select for Business will appeal to business owners who want rewards without having to pay annual fees. In addition to no annual fee, another travel-related perk that comes with this card is no foreign transaction fee.
How Capital One® Spark® Miles Select for Business compares to other business credit cards
If you’re loyal to American Airlines, the CitiBusiness® / AAdvantage® Platinum Select® World Mastercard® (Citi is a CardRatings.com advertiser) might be a better match. Yes, this card charges an annual fee ($95, waived for the first 12 months), but you have the potential for higher rewards on certain spending. Earn two AAdvantage® miles for every dollar spent on eligible American Airlines® purchases. You can also earn two AAdvantage® miles per dollar spent on purchases at telecommunications, car rental merchants and at gas stations. Earn one AAdvantage® mile per dollar spent on other purchases.
Spend more on gas than you do on flights? You may find the Ink Business CashSM Credit Card offers the better deal if your business travel involves road trips; you can earn 5 percent cash back on the first $25,000 in combined purchases at office supply stores and on cellular phone, landline, Internet and cable TV services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other card purchases with no limit to the amount you can earn. However, if you spend more time at the airport than behind the wheel, you may prefer the simplicity of Capital One.
Small-business credit card for occasional travelers
Like most rewards credit cards, Capital One® Spark® Miles Select for Business carries a middle-of-the-road variable purchase APR. The card currently offers a zero-percent introductory APR on purchases for nine months, with a variable purchase APR after that, depending on creditworthiness. In other words, you won't want to float more than an occasional balance. Instead, use this card to streamline your accounts payable process. Running as much of your company's spending through this card as possible can shrink what you spend on airfare, hotels, and car rentals.
This card's other member benefits can help you save even more money. For instance, your team no longer has to worry about accepting auto collision damage waiver at the car rental counter; Capital One offers access to Auto Rental Insurance - use your card to rent an eligible vehicle and you’re covered for collision, damage, and loss.