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Capital One® Spark® Miles for Business Credit Card is a great card with unlimited spending to earn travel miles. This card gives you a one-time bonus offer of 50,000 bonus miles after you spend $4,500 within the first 3 months of approval.
We value the 50k bonus offer to be worth around $700. Compared to other cards with a similar annual fees, this is a pretty decent welcome bonus.
In addition to a great bonus, cardholders earn 2x miles per $1 spent on every purchase made every day. Last and not least, there are no foreign transaction fees when traveling internationally!
Learn more about this card and its features here.
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Capital One Spark Miles for Business
The Capital One® Spark® Miles for Business card provides so many benefits and perks to a business owner such as earning 2x miles per every $1 spent. There are no limits as to how many miles you can earn. In addition, the miles can be redeemed for other categories such as cash back, gift cards, and much more.
The Spark Miles for Business offers a fantastic bonus upon approval. The unlimited miles earned do not expire so rack up as much as you can! Capital One understands the needs of a business owner and also provides Spark Miles for Business the opportunity to obtain free employee cards.
With the employee cards, think of how much miles you can earn with a few more cards in rotation for business purchases. If this isn’t enough to entice you, Capital One is also waiving the first full year of the annual fee. So you get a full year of no annual fees when you open this account. Every year after that, it’ll be a low annual fee of $95!
Capital One Spark Miles for Business Summary
 The Capital One® Spark® Miles for Business offers a one-time bonus of 50,000 miles once you spend $4,500 on purchases within 3 months from account opening Your miles won't expire for the life of the account, and there are no categories to limit where or what you buy and you can earn 2 miles per $1 on every purchase. There is an annual fee of $95, however, there is a $0 intro annual fee for the first year. Enjoy no foreign transaction fees and fly on any airline, anytime, with no blackout dates or seat restrictions. |
| Bonus Available | Earn a one-time bonus of 50,000 miles after you make at least $4,500 in purchases within the first 3 months of account opening. |
| *Bonus Value | $700 |
| Travel Credit | No travel credit. You do get up to a $100 credit for one Global Entry or TSA Pre? application fee. |
| Ongoing Rewards/Benefits | Unlimited 2 miles for every $1 spent on all purchases.
Employee cards at no extra cost. |
| Foreign Transaction Fees | No |
| Airport Lounge Access | N/A |
| Annual Fee | $95, waived your first year. |
Recommended Free Credit Score (Get Free Score) 690 – 850 (Good – Excellent)
PROS
- Welcome bonus
- Unlimited miles
- Partner airlines
- Free employee cards
- No foreign transaction fee
CONS
- Annual fee
- Good-Excellent credit needed to qualify
Editor’s Alternate Pick
 With the Chase Ink Business PreferredSM Card: • Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards® • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year • Earn 1 point per $1 on all other purchases - with no limit to the amount you can earn • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards • Redeem points for travel, cash back, gift cards and more - your points don't expire as long as your account is open • No foreign transaction fees • Employee cards at no additional cost • $95 Annual Fee |
Capital One Spark Miles 50,000 Bonus Miles
Get the Capital One Spark Miles 50,000 bonus miles welcome offer. Our valuation of these points puts these at around $700 in value. We will go over that in the section below.
To qualify for this welcome offer, you must charge at least $4,500 to your card within the first 3 months of opening your account.
Here are some ideas on meeting the minimum spending requirement:
| • Plastiq - Using Plastiq allows you to pay for your personal expenses such as rent, tuition, mortgage, auto lease etc. Although they charge a 2.5% processing fee for using your credit card, this will contribute to the card bonus that you will receive. There is also a referral program that allows you to earn "Free-Free Dollars" that goes towards processing fees as well. |
| • Funding Checking Accounts - When it comes to funding a checking account, opening your initial deposit with a credit card is the usual way to go about it. However, if you want to have more opportunities, you should open a checking account that offers a sign-up bonus. This allows you to work towards bonuses from not one but two different sources instead. Banks like Chase, Huntington Bank, TD Bank and BBVA offers credit card funding, and for your opening deposit, you can often fund anywhere from $50-$1000 with a credit card, depending on the bank. |
| • Gift Card Purchases With Using a Credit Card - Another way to acquire the bonus is using your credit card to purchase gift cards. Buying a a gift card or an individual merchant card typically do not require a purchase fee and are used towards leisure, so gift cards are ideal. However, gift cards such as a Visa or American Express do incur purchase fees because they can be spent anywhere, but gift cards that are specifically for a certain online shopping site such as Amazon or eBay don't. |
| As for a Citi Credit Card, you should call customer service and ask them to lower your Cash Advance limit to $0 before making any purchases because Citi tends to read gift card purchases as a Cash Advance. Ideally, you should do this with any card just to be safe. Lastly, there is such thing as a discounted gift card which can be purchased on Raise or eBay. If you use a credit card often for everyday purchases, it can build your credit score that will contribute towards paying for things such as bills and taxes. |
| |
What Are Spark Miles Worth?
Similar to other travel rewards cards, the value of your miles will depend on how you use them. On average, each Spark mile is worth up to $0.014 when you transfer your miles to a partner. Already, this is good value because the industry average is only $0.01 per point.
You can use your Spark miles for:
-
- Travel purchases booked through Capital One
- Statement credits towards travel purchases
- Gift cards
Capital One Airline Partner Programs
| Aeromexico Club Premier | Air France KLM Flying Blue | Air Canada Aeroplan |
| Alitalia MilleMiglia Program | Asia Miles (Cathay Pacific) | Avianca LifeMiles |
| Emirates Skywards | Etihad Airways Etihad Guest | EVA Air Infinity MileageLands |
| Finnair Plus | Hainan Airlines Fortune Wings Club | JetBlue TrueBlue |
| Qantas Frequent Flyer | Qatar Airways Privilege Club | Singapore Airlines KrisFlyer |
If you do not prefer transferring your points to one of the airline partners listed above, the second best use for your miles would be to redeem them towards new or previous travel purchases. They are both still worth around $0.01 per mile. Redeeming your miles for anything else, such as gift cards, will devalue your points to below $0.01 per point.
Redeeming Miles
Miles never expire, so you can save them or use them to redeem other items, such as cash back or gift cards.
Capital One has a flexible travel redemption program with the miles you’ve earned. You can redeem the miles with Capital One’s travel platform that’s operated by Orbitz. Or, you can book your travel elsewhere using your Spark Miles for Business card and use Capital One’s Purchase Eraser® to get a full or partial statement credit on your travel purchases.
The travel platform operated by Orbitz allows you to redeem your miles at a rate of $0.01 per mile. You can redeem miles through Capital One’s website without the hassle of researching other traveling websites for your flight.
If that isn’t enough for you and you want to get the best deal possible, Capital One’s Purchase Eraser® is an option for you. Just make sure you book your flight with your Spark Miles for Business card. Then, use the Purchase Eraser® to get a full or partial statement credit on the purchase you made on another travel website.
The best feature for the Purchase Eraser® program is that there isn’t a minimum redemption amount. So, purchase a hotel stay for $500, redeem as little as $1 worth of points as a partial statement credit for that purchase.
Capital One Spark Miles for Business Benefits
- Unlimited Miles: Earn an unlimited 2X miles on every purchase for your business. When redeeming rewards, know that there are no blackouts or seat restrictions. Plus, there’s no minimum to redeem.
- Free Employee Cards: At no additional cost, you can add free employee cards. Know that the employee cards will earn you rewards from their purchases.
- Fraud Coverage and Alerts & Fraud Liability: Obtain fraud coverage with the Spark Miles for Business at no additional cost. Have a peace of mind if your card is ever lost or stolen. Get real-time alerts of fraud attempts via text, email or phone.
- Quarterly & Year-End Summary: Crafted for businesses in mind, get a custom, itemized report of your business spending to help with planning and budgeting. The detailed itemized report will come in handy during tax time.
- Downloadable Purchase Records: Simple and user friendly, securely and quickly download your purchase records into many different formats for easy accounting. Choose from Quicken, QuickBooks, and Excel.
- No Foreign Transaction Fees: Never pay a transaction fee when making purchases outside of the U.S. Capital One provides their cardholders with this fee-free benefit on most cards.
- Travel and Emergency Assistance: During your business travel, you can rely on a range of Visa emergency services that includes ticket replacement, legal or medical referrals, and so much more. The Travel and Emergency Assistance is available 24/7, 365 days a year. Travel with confidence knowing Capital One has your back.
Bottom Line
The Capital One® Spark® Miles for Business provides so many perks for business owners. The Spark Miles for Business offers a one-time bonus once you complete the spending requirements within the first 3 months of card membership. In addition, use this card for every day spending and earn unlimited 2x miles on all purchases!
The flexibility of the miles redemption is easy to love and easy to use! See our full list of credit card bonuses for all your credit card needs!
Learn more about this card and its features here.
What’s The Competition?
With the Chase Ink Business PreferredSM Card: • Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards® • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year • Earn 1 point per $1 on all other purchases - with no limit to the amount you can earn • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards • Redeem points for travel, cash back, gift cards and more - your points don't expire as long as your account is open • No foreign transaction fees • Employee cards at no additional cost • $95 Annual Fee |
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