Hustlermoneyblog has partnered with CardRatings for our coverage of credit card products. Hustlermoneyblog and CardRatings may receive a commission from card issuers.
Capital One® Spark® Miles for Business Credit Card is a great card with unlimited spending to earn travel miles. For a limited time, this card is offering an introductory offer of up to 200,000 bonus miles that’s worth up to $2,000 in travel expenses.
First you can earn 50,000 bonus miles after you spend $5,000 within the first 3 months of approval and you can earn the next 150,000 bonus miles when you spend $50,000 in the first 6 months of your account opening..
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.
Table of Contents
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
|Bonus Available||Earn up to 200,000 bonus miles. 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.|
|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.
Earn 5X miles on hotel and rental car bookings through Capital One TravelSM
Employee cards at no extra cost.
|Foreign Transaction Fees||No|
|Airport Lounge Access||N/A|
|Annual Fee||$95, waived your first year.|
- Welcome bonus
- Unlimited miles
- Partner airlines
- Free employee cards
- No foreign transaction fee
- Annual fee
- Good-Excellent credit needed to qualify
Editor’s Alternate Pick
The Chase Ink Business PreferredSM Card offers 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®.
You'll earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year; 1 point per $1 on all other purchases - with no limit to the amount you can earn. Furthermore, points are worth 25% more when you redeem for travel through Chase Ultimate Rewards.
This card does come with a $95 annual fee but does not have any foreign transaction fees.
Capital One Spark Miles 200,000 Bonus Miles
Get the Capital One Spark Miles 200,000 bonus miles welcome offer. Our valuation of these points puts these at around $2,800 in value. We will go over that in the section below.
To qualify for this welcome offer, you must charge at least $5,000 to your card within the first 3 months of opening your account to earn the first 50,000 bonus miles. Earn the next 150,000 bonus miles when you spend $50,000 in the first 6 months of your account opening.
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.
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.
|Best Credit Card Categories|
|0% APR||Airline Rewards||Balance Transfer|
|Cash Back||Hotel Rewards||Military|
|No Annual Fee||No Foreign Transaction Fee||Premium|
|Small Business||Student||Travel Rewards|
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?
The Chase Ink Business CashSM Card offers $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening.
You'll earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year, 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year, & % cash back on all other card purchases with no limit to the amount you can earn.
This card comes with no annual fee. You'll be able to take advantage of employee cards at no additional cost & the 0% introductory APR for 12 months on purchases.
The Ink Business UnlimitedSM Credit Card offers $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening.
You'll earn an unlimited 1.5% cash back on every purchase made for your business and you'll receive employee cards at no additional cost.
This card carries no annual fee and you'll have the opportunity to take advantage of a 0% introductory APR for 12 months on purchases
The American Express® Business Gold Card offers 35,000 Membership Rewards® points after you spend $5,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.
You'll earn more rewards: Get 4X Membership Rewards® points on the 2 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, you'll get an airline bonus; 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.*
This card does carry a $295 annual fee, but no foreign transaction fees. (See Rates & Fees) *Terms Apply.
With the Blue Business CashTM Card from American Express, you'll earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power§.Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us and other factors.
This card comes with no annual fee (See Rates & Fees).