Capital One® Spark® Miles for Business Credit Card Review

The Capital One Spark Miles for Business Credit Card is a travel rewards card that offers customers the ability to earn miles on every purchase they make, regardless of whether they are travel-related or not. For businesses that limit their travel throughout the year, but still want the benefits of free or reduced airfares, the Capital One Spark Miles for Business Credit Card is an excellent solution with bonus incentives, no annual fee, and affordable variable APRs.

The Essentials of the Capital One® Spark® Miles for Business Credit Card

  • APR: 18.74% variable
  • Annual Fee: $0 introductory for the first 12 months, $95 after that.
  • Primary Feature: Earn unlimited miles (2x) on every purchase made with no blackout dates, seat restrictions, or minimum redemptions amounts.
  • Introductory Bonus Offer: New customers are eligible to receive a one-time bonus of 50,000 miles after spending $4,500 in purchases within the first three months of card activation.

What’s Interesting about the Capital One® Spark® Miles for Business Credit Card

The Capital One Spark Miles for Business Credit Card is the perfect solution for cardholders who would rather benefit from their everyday purchases rather than on travel-related ones. While most travel reward cards will only offer bonus mile incentives on purchases made on airfare, hotel accommodations, and rental cars, the Capital One Spark Miles for Business Credit Card rewards cardholders when using their card every day and in multiple purchasing categories. The card makes it easy for businesses to earn rewards by offers 2x miles on every dollar spent. Customers can then cash in their points and redeem them for a variety of travel rewards, including free flights, hotel stays, taxi rides, and room service. Customers also have the option of transferring their bonus miles to any one of 14 different airline partners, including Air Canada, Emirates, EVA, and Qantas.

Things to Consider

Although the Capital One Spark Miles for Business Credit Card offers a unique set of travel benefits for cardholders, there are some disadvantages to consider when choosing this card over other options. For one thing, this card does not feature an introductory APR promotion. Most travel cards offer 0% APR for 12-15 months after the initial setup and activation, which makes the lack of an introductory offer on this particular card hard to justify. Another consideration is the card’s lack of unique business benefits such as priority boarding, flight discounts, and other conventional travel perks that come standard in other travel rewards cards. It’s important to note that when redeeming reward miles for options outside of travel-related purchases, redemptions are undervalued by roughly 50%, making it difficult to justify redeeming any alternative rewards outside of travel.

How to Get the Most from This Card

For businesses that want to benefit from the reward options available on the Capital One Spark Miles for Business Credit Card, it’s essential to prioritize the card’s use on everyday office purchases and business expenses. The card allows businesses to add multiple employees to their account, making it easier to gain additional bonus miles faster. While the rewards earned on travel-related purchases aren’t as significant as other cards, there are still many benefits for using the card when traveling abroad. Capital One Spark Miles for Business Credit Cards have no foreign transaction fees, meaning that businesses can use their cards outside of the United States without worrying about additional charges. There are also a variety of standard travel features and benefits pre-loaded on the card, including travel and emergency assistant services, as well as auto rental damage waivers.

Other Card Options That Might Interest You

For businesses that are looking for the benefits of a rewards card, but have lower APR percentages and different features than the Capital One Spark Miles for Business card, there are many other options to choose from. Some other suitable solutions are the Ink Business Preferred Credit Card by Chase and the Spark Miles Select for Business by Capital One.

  • Ink Business Preferred Credit Card: The Chase Ink Business Preferred Credit Card is an excellent solution for businesses looking for a travel rewards card with excellent introductory offers and even more ways to earn. The card features a variable APR of 17.99%-22.99% and has a competitive introductory offer of 80,000 bonus points after spending $5,000 on purchases made within the first three months of card activation.
  • Spark Miles Select for Business: For customers who prefer similar benefits to those of the Spark Miles for Business card with no annual fee and an introductory APR, Capital One’s Spark Miles Select for Business card is a great alternative. Card owners will enjoy 0% APR on all purchases made during the first nine months and a variable rate of 14.74%-22.74% after that.

The Final Word

While there are many travel reward cards to choose from, the Capital One Spark Miles for Business card offers one of the most balanced travel reward programs with flexible redemption options and no foreign transaction fees. The card features a great introductory spending incentive of 50,000 bonus points when spending at least $4,500 in eligible purchases within the first three months as well as 2x miles on every purchase. Spark Miles for Business doesn’t charge customers balance transfer fees and has no rotating or tiered spending categories, and customers can redeem their rewards with no blackout dates or seat restrictions.

While the card does fall short in that it doesn’t feature any introductory APR promotions, the variable APR percentage rates are fairly balanced and better than similar cards in its class. Overall, the Capital One Spark Miles for Business Credit Card is a great option for businesses looking for great travel rewards without limiting higher earning potential to travel-related purchases only.

Josh Nadeau

Contributing Writer

osh Nadeau is a seasoned sales operations and financial services writer with years of experience working in manufacturing, software, Fintech, and managed services. He uses his first-hand industry knowledge and technical expertise to help businesses and consumers alike make better financial decisions now and in the future.