On top of the bonus, this card earns an unlimited 2 miles per every $1 you spend AND has no foreign transaction fees! It does have a $95 annual fee, but that fee is waived for the first year. Keep reading below to find out more about what other great benefits this card has to offer.
Table of Contents
Capital One Spark Miles for Business Credit Card Summary
The Capital One® Spark® Miles for Business offers a one-time bonus of 50,000 miles - equal to $500 in travel - once you spend $4,500 on purchases within the first 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. And 5X miles on hotel and rental car bookings through Capital One TravelSM using a Spark Miles card
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.
Many business credit cards limit you on how much you can earn in bonus rewards categories. In addition, they offer low rewards rate for all other purchases. If your business spends a lot in these categories and is small enough to know you won’t reach the spending cap each year, this may be alright.
However, if you know your business will quickly surpass the spending cap, or you don’t want to be tied to specific earning categories, the Capital One® Spark® Miles for Business may be the best option for you. It gives you an unlimited 2 miles per $1 spent on every purchase.
Redeem your miles for any airline or hotel purchase for a statement credit. Also redeem your miles for gift cards, cash and more.
Maximize your miles by redeeming them for travel. On Capital One’s travel platform, operated by Orbitz, book travel using your miles at a rate of one cent per mile. Use Capital One’s Purchase Eraser to get a full or partial statement credit for your travel purchase when you book elsewhere.
With the Purchase Eraser, there’s no minimum redemption. Purchase a hotel stay for $500, redeem as little as $1 worth of points as a partial statement credit for that purchase.
There is also no blackout dates or seat restrictions when you book your plane tickets on most major airlines. If there is an available seat in any class to any destination, you can claim it and travel as you please.
Capital One Spark Miles for Business Cardholder Perks
Capital One® Spark® Miles for Business cardholders receive a few purchase and travel benefits. These include auto rental collision damage waiver, purchase security, extended warranty protection, and travel and emergency assistance services. A couple other benefits include:
No Foreign Transaction Fees: Planning on traveling internationally? Unlike most cards that charge a 3% foreign transaction fee, the Capital One® Spark® Miles for Business doesn’t charge one.
Free Employee Cards: Add employee cards for free and earn all the rewards from their purchases.
Capital One Image Card: Apply your company’s logo or business photo to your card. You can visually promote and advertise your company or business every time you swipe your card in public.
To highlight the Capital One® Spark® Miles for Business Credit Card, you can use your miles for more than just traveling. You are able to redeem them for cash, gift cards merchandise, and so on. However, if you miss a payment, all your hard-earned miles during that billing cycle will be lost and no longer applicable.
You will also lose all rewards applied to your balance during a billing cycle that has a late fee. So, bottom line is, make sure you pay your bills on time each month so you won’t risk losing your miles and rewards!
Provide feedback in the comment section below by telling us your thoughts and experience with this card. Make sure to also visit BankDealGuy to explore more credit card bonuses. If you’re looking for the best card for you, see our best credit card categories post to help pinpoint the best card for you!
Learn more about this card and find out how you can apply here.