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The Capital One Spark Miles for Business card is a solid option for small-business owners, with perks like a hefty welcome bonus (when you meet spending requirements, of course), unlimited 5x miles on hotels and rental cars booked through Capital One travel and 2x miles on every other purchase, and even the ability to transfer points to airline and hotel partners.
And that’s not to mention the card’s reasonable annual fee: $0 intro for the first year, then $95.
We’ll walk you through some of this card’s lesser-known benefits. But first, the best-known perks of this card.
The well-known reasons
Here are some of the well-known benefits of the Capital One Spark Miles for Business.
Welcome bonus: Earn 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.
Earn miles: Earn unlimited 2x miles on every purchase. Another bonus? There are no minimums to redeem your miles and they don’t expire as long as you keep the account.
Free employee cards: Pay no fee to issue cards to your employees so they can make charges to your account.
» Learn more: The best Capital One credit cards
The underrated reasons
Points can be transferred to frequent flyer programs
One of this card’s lesser-known benefits is that it allows cardholders to transfer miles among more than a dozen airline and hotel partners, including Air Canada, Qantas and Emirates. Depending on which airline you transfer your miles to, you may be able to gain more value per point — a solid perk. It also opens up your options significantly when booking travel since you’ll have more airlines to choose from.
Enjoy peace of mind when you travel
On your business travels, this card has you covered. It offers roadside services like jump-starting, tire changing and towing, plus emergency travel services like legal or medical referrals and ticket replacement. Being confident in having backup for trip snafus can be valuable for all kinds of travel, but even more so for travel that requires impressing clients or making potential sales.
Better manage employee spending
On top of the ability to earn 2x miles on every purchase, this card also helps business owners control employee spending. You can monitor spending on company cards, set limits for each individual card and even designate an account manager to review transactions, make purchases and handle any discrepancies.
Rental car protection
If you’re traveling for work, chances are you’ll need a rental car. With its primary collision coverage, this card covers damage and theft when you rent a car for business.
» Learn more: What to know before you start earning Capital One miles
Global Entry/TSA Precheck credit
Capital One Spark Miles for Business cardholders get up to a $100 credit to be used toward the Global Entry or TSA Precheck application fee.
No foreign transaction fees
This card doesn’t charge foreign transaction fees, a major perk if your business often takes you or your employees overseas. Other cards charge foreign transaction fees up to 3%. Imagine paying that on everything from business dinners to hotel stays — or, instead, take this card and skip the fees altogether.
The bottom line
Capital One Spark Miles for Business is a solid option for business owners because it offers some fairly good travel benefits. The ability to transfer miles to various airlines and other programs is a big perk. Not to mention the card is low-cost, lacks foreign transaction fees and offers built-in travel assistance.
How to maximize your rewards
You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2023, including those best for:
Flexibility, point transfers and a large bonus: Chase Sapphire Preferred® Card
No annual fee: Bank of America® Travel Rewards credit card
Flat-rate travel rewards: Capital One Venture Rewards Credit Card
Bonus travel rewards and high-end perks: Chase Sapphire Reserve®
Luxury perks: The Platinum Card® from American Express
Business travelers: Ink Business Preferred® Credit Card