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3.8/5.0 from 26 Offer Ratings
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Foreign Transaction Fee
Balance Transfer Fee
Cash Advance Fee
3% of the amount of the cash advance, but not less than $10
The Capital One® Spark® Miles for Business is a great card for businesses that frequently travel and want to earn a high rate on all purchases. Businesses that want to earn miles will benefit from this card and the multiple ways to redeem miles for travel and other options. Compared to other business travel cards on CompareCards, this card offers the highest flat-rate miles program.
This card isn’t ideal for businesses that don’t want to pay an annual fee since you will be charged $0 intro for first year; $95 after that. Also, if your business wants to take advantage of a 0% intro period, this card isn’t a good choice since there is no intro period. Check out 0% intro APR business cards that allow you to carry a balance without accruing interest for a certain time.
This card has a great variety of perks beyond its rewards program. Your business can take advantage of downloadable purchase records to facilitate expenses, the Visa Signature Luxury Hotel Collection for booking hotel stays, shopping discounts and more. All of these features (and many more listed below) are sure to add value to the Capital One® Spark® Miles for Business.
The Capital One® Spark® Miles for Business has an annual fee of $0 intro for first year; $95 after that. Although there are many travel business cards that have annual fees, you can find cards without annual fees. This card doesn’t offer a 0% intro period unlike some other business cards. Therefore this card isn’t ideal for businesses who want to make purchases and carry a balance, since you’ll be charged an APR of 18.49% (Variable).
The Capital One® Spark® Miles for Business offers numerous additional benefits:
*Certain restrictions, limitations, and exclusions apply. For questions or assistance 24 hours a day, 365 days a year: call the toll-free number on the back of your Visa Signature Business card.
To gain the most value from the Capital One® Spark® Miles for Business, use it for all purchases so you accrue the most miles possible. You can add employee cards at no additional cost and earn points on their purchases as well. Remember that as the business owner, you are personally liable for all charges made on your account.
This card is great to book travel and use when abroad. There are two ways to redeem miles for travel (explained in the ‘Rewards breakdown’ below). Also, since there is no foreign transaction fee, you save on the 3 - 5 percent transaction fee some other cards charge.
There is a signup bonus that allows you to earn more rewards within the first few months of account opening: One-time bonus of 50,000 miles once you spend $4,500 on purchases within 3 months from account opening.
The Capital One® Spark® Miles for Business offers 2 miles per $1 on every purchase, every day. This is a great flat-rate on all purchases.
You have two ways to redeem your miles for travel:
1) Redeem for past travel purchases using Purchase Eraser®: This allows you to redeem your miles and receive an account credit for the cost of your travel purchase. Redemptions must be made within 90 days from the date your travel purchase posts to your account. Typically you receive your credit within two to three business days after the redemption. Terms apply. 2) Book new travel reservations: Redeem for flights, car rentals or hotel stays by paying with your miles. Simply go to capitalone.com or contact the Rewards Center to book. The number of miles needed for travel redemption varies based on cost. To find out how much a trip will cost in miles, multiply the cost of your travel purchase by 100. For example, if your travel purchase costs $500, you’d multiply that by 100 and therefore determine you need 50,000 miles to redeem. Terms apply.
You can also redeem your miles for cash in the form of a check or account credit, gift cards and more. Rates for these other redemption options vary and are subject to change without notice.
There is a one-time bonus of 50,000 miles once you spend $4,500 on purchases within 3 months from account opening.
The Capital One® Spark® Miles for Business and the Capital One® Spark® Miles Select for Business are both travel business cards from Capital One, but they differ in annual fee, rewards, and intro period. The Capital One® Spark® Miles for Business has an annual fee of $0 intro for first year; $95 after that while the Capital One® Spark® Miles Select for Business has a $0 annual fee. If your business wants to avoid an annual fee, choose the Capital One® Spark® Miles Select for Business.
Regarding the rewards program, the Capital One® Spark® Miles for Business offers a higher rate than the Capital One® Spark® Miles Select for Business, but keep in mind that there is an annual fee associated with the Capital One® Spark® Miles for Business. Therefore, the best card for you depends on your business’s spending.
Another difference is the presence of a 0% intro period. The Capital One® Spark® Miles for Business lacks an intro period, but the Capital One® Spark® Miles Select for Business provides 0% on purchases for 9 months. This allows your business to carry a balance and not be charged interest. Here’s a breakdown of the key elements of each card.
|Capital One® Spark® Miles for Business||Capital One® Spark® Miles Select for Business|
|Annual Fee||$0 intro for first year; $95 after that||$0|
|Purchase Intro Rate||N/A||0% on purchases for 9 months|
|Balance Transfer Intro Rate||N/A||N/A|
|Balance Transfer Fee||N/A||N/A|
|Ongoing APR||18.49% (Variable)||14.49% - 22.49% (Variable)|
|Rewards||2 Miles per $1 on every purchase, every day||1.5 Miles per $1 on every purchase, every day|
|Sign Up Bonus||One-time bonus of 50,000 miles once you spend $4,500 on purchases within 3 months from account opening||One-time bonus of 20,000 miles once you spend $3,000 on purchases within 3 months from account opening|
|Foreign Transaction Fee||None||None|
The Capital One® Spark® Miles for Business provides a great rewards program for businesses that frequently travel and don’t mind an annual fee. You earn a great flat-rate on miles and can benefit from exclusive perks that add value for all types of businesses.
2 Miles per $1 on every purchase, every day
$0 intro for first year; $95 after that
26 Total Ratings