Learn more about Capital One Spark Miles for Business
Capital One Spark Miles for Business rewards
The Capital One Spark 2x Miles card for business provides several opportunities for earning miles.
Welcome bonus
This rewards credit card offers a welcome bonus for new Capital One cardholders. You can earn 50,000 bonus miles when you spend $4,500 in the first three months on purchases. That’s just $1,500 per month, so many businesses can easily achieve the spending target by using their Capital One Spark Miles card to cover everyday expenses like supplies, fuel, or even cell phone or internet service.
Earn Capital One Spark Miles for Business rewards
You also earn Spark Miles rewards at a flat rate on purchases in specific categories. That means for every dollar you spend, you earn a specific amount of miles.
You earn 2x miles on every purchase and 5x miles when you use this card to book hotel stays or car rentals through Capital One Travel.
To understand how these rewards add up, consider some hypothetical examples:
- You spend $500 on gas for business vehicles every month. That’s 1,000 miles a month, or 12,000 miles for the year.
- You book several business trips throughout the year and use Capital One Travel to do so. You spend a total of $4,000 on hotel stays and car rentals. That’s 20,000 miles.
- You use your Capital One Spark Miles card to pay your business utility and internet bills each month for an average total of $400. That’s 800 miles a month, or 9,600 miles per year.
You can maximize rewards earnings by getting employee credit cards for your account. When you use those cards to help manage employee expenses, you get double perks—you avoid the hassle of reimbursement processes while earning the same 2x miles rewards on employee spending.
Redeem Capital One Spark Miles for Business rewards
You can redeem your Spark Miles on travel, including hotels, flights and vacation packages. You don’t have to redeem for business travel, so you can use your rewards to fund personal getaways.
Typically, you get the biggest value for Capital One Spark Miles when you redeem them for travel. Redeeming your miles through Capital One Travel typically nets you a value of around 1 cent per mile. So, if you have 100,000 miles, you can get $1,000 worth of travel.
You can get more value per mile when you redeem through various travel partners, especially if you can stack your Capital One miles on top of a loyalty rewards program you already belong to.
You can transfer your Capital One miles to the following partners:
- Accor Live Limitless
- Aeromexico
- Air France KLM
- Air Canada
- Asia Miles
- Avianca LifeMiles
- British Airways
- Choice Hotels
- Emirates Skywards
- Etihad Airways
- EVA Air
- Finnair
- Qantas
- Singapore Airlines
- TAP Air Portugal
- Turkish Airlines
- Virgin Red
You can also redeem your miles for non-travel rewards, including:
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Cash-back statement credit: which is a value of half a cent per mile
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Gift cards: which provide a value of 0.5 to 1 cent per mile
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Shop with PayPal: which gives you around 0.8 cents per mile in value
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Shop with Amazon: which provides a value of 1 cent per mile
If you aren’t sure how you want to use your miles, you have plenty of time to decide. They don’t expire as long as your account is open and in good standing.
Capital One Spark Miles for Business benefits
This travel rewards credit card for businesses offers plenty of perks beyond earning and redeeming miles.
Small-business benefits
The Capital One Spark Miles business credit card is designed for business use and includes perks that make it easy to manage expense processes and your account.
Some of those benefits include:
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Free employee cards. You won’t pay any additional fees to add employee cards to your account. When your employees have a business credit card, you can easily track spending and manage expense processes while also earning rewards on all those purchases.
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Account and business management tools. Use the online account and mobile app to easily manage your account. You can set spending limits on employee cards, choose when your due date is during the month and view recurring transactions to stay on top of subscriptions and vendor payments.
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Ability to assign an employee as an account manager. Delegate some of the work by assigning an employee account manager who can review transactions, make payments and work directly with Capital One to resolve issues on your behalf.
Travel benefits
When you use this credit card to pay for business travel, you and your employees benefit from travel perks such as:
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Travel and emergency assistance services. If you pay for your travel with this card, you can access a 24-hour hotline for emergency assistance in certain situations, such as if your card is lost or stolen.
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Rental car insurance. If you pay for your entire car rental with this card, you can forgo rental insurance because you’re covered for accidental damage to the rental car already.
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Complimentary access to Capital One lounges. Through January 2025, you get complimentary access to Capital One and partner lounges when you travel. After that, you may be able to get a discounted rate when accessing travel lounges as a cardholder.
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Global Entry or TSA Precheck application credit. You get a credit of up to $100 to cover the cost of TSA Precheck or Global Entry.
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Hotel credits. You can get a $50 experience credit and other perks when staying with certain hotel chains when you pay with your Capital One Spark Miles card.
Purchase and account protection benefits
Capital One Spark business card benefits also include perks related to spending and account protection, including:
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Purchase protection. Accidental damage or losses related to purchases on your card may be covered for up to 90 days from the date of purchase.
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Extended warranty. You can get additional coverage beyond the manufacturer’s warranty on eligible purchases with this card.
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$0 fraud liability. With this protection, you aren’t responsible for paying unauthorized charges on your card.
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Virtual card numbers. Dynamic virtual credit card numbers let you make purchases online without exposing your actual account number.
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Business CreditWise. As an account holder, you get complimentary access to CreditWise, so you can track your business credit score and report.
Capital One Spark Miles for Business fees, rates & limit
Before you apply for this card and start earning Capital One Spark business miles, ensure you know what the costs of account ownership are.
Capital One Spark Miles for Business fees
For the first year, you won’t pay an annual fee with this card. However, after that, you pay $95 per year, so it’s a good idea to ensure you’re earning and redeeming enough miles to make that expense worth it.
There aren’t fees for transferring a balance to this card, but you will pay a fee for taking a cash advance. That fee is $5 or 5% of the cash advance amount, whichever is more. There are no foreign transaction fees with this card, which helps you save a little on business travel expenses if your team needs to travel internationally.
If you’re late with a statement payment, you could pay up to $39 in late fees.
Capital One Spark Miles for Business interest rates
While it’s always best to pay your statement off every month to avoid interest expenses, that isn’t always possible.
Here’s what type of interest you might accrue if you carry a balance forward with this card:
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APR on regular purchases. The interest rate on regular purchases is 26.24% variable.
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Introductory APR for purchases or balance transfers. This card does not have an introductory APR offer.
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Cash advance APR. If you use your card to get a cash advance, the APR on that amount is 32.34% variable.
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Penalty APR. If you make a late payment or exceed your credit limit, you might end up paying a penalty APR on some of your balance. That rate is 34.65% APR.
Capital One Spark Miles for Business credit limit
The credit limit you’re approved for depends on your personal and business credit score as well as other financial factors. Cardholders have reported being approved for credit limits ranging from $1,000 to $15,000 or more.
How the Capital One Spark Miles for Business card compares
The Capital One Spark Miles for Business credit card is a strong contender in the market of basic business credit cards. The annual fee and interest rates are competitive, and you get some nice rewards and business account management perks.
However, if travel is a big part of your business — meaning you or your employees travel for company purposes more than four or five times each year — a higher-end business travel rewards card may be a better credit card option for you. These typically come with higher annual fees but offer thousands of dollars in travel perks and better reward structures.
Capital One Spark Miles for Business vs. The Blue Business® Plus Credit Card from American Express
If you want some other card benefits and don’t mind a limitation on rewards earnings, The Blue Business® Plus Credit Card from American Express might be a better choice.
Here are some of the ways this card differs from the Capital One Spark 2x mile card for businesses:
- There is no annual fee, even after the first year (see rates and fees).
- You earn 2x Membership Rewards points, but they are capped on the first $50,000 in spending every year. After that, you only earn 1x points.
- This card has a 0% introductory APR offer for the first 12 months.
- If you have good credit, you may have a lower APR on this card than the Capital One Spark Miles card.
- This card offers fewer general travel perks than the Capital One card.
Read our full Amex Blue Business Plus card review
Is the Capital One Spark Miles for Business card right for me?
Due to the potential for a relatively low starting credit limit, this card is best for small businesses that don’t spend hundreds of thousands every month.
It would also suit businesses that engage in some type of travel or business owners who want to earn miles for personal travel.
If you’re not convinced this Capital One business credit card is right for you, check out our reviews for Chase business cards and Amex business cards to see if you find a better fit.
How do I apply for the Capital One Spark Miles for Business card?
You can learn more about the Capital One Spark Miles for Business and apply online with Capital One.
You’ll need to supply your full name, personal contact information, and some information about your business. Capital One also requires that you provide proof of identity — you can usually do that by uploading an image of your driver’s license.
This card requires good to excellent credit for approval. Typically, you’ll need a credit score of 670 or higher to get approved, but it’s not impossible to get approved if your score is slightly lower if your business and personal finances are otherwise strong.
