The Capital One Spark Miles for Business is a simple but effective credit card for business owners who don’t want to pay an annual fee. It offers a generous welcome bonus and earns unlimited 1.5x miles on every purchase. Cardholders will enjoy the ability to redeem points for flights or hotel rooms without fear of blackout dates or capacity controls.
There are many reasons to like the Capital One Spark Miles for Business. Here are some of the well-known and underrated benefits of this card.
The well-known reasons
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.
Unlimited 1.5x miles: You will earn 1.5x miles per dollar spent on every purchase that you make without having to activate a promotion or remember a bonus category.
No blackout dates on travel: You can book any flight or hotel without worrying about blackout dates or restrictions. Simply pay for your reservation with your Capital One Spark Miles for Business card and use your miles to "erase" your purchase. The purchase eraser allows you to get a statement credit for a specific travel charge on your card using your points.
» Learn more: What is the Capital One purchase eraser?
The underrated reasons
Spend on travel anywhere
One of the most attractive features of the rewards earned from the Capital One Spark Miles for Business is the ability to redeem points for any flight or hotel room. And that means any. All you need to do is book travel through your preferred website, travel agent or resource using your card. Once purchased, contact Capital One within 90 days and ask them to redeem your miles for an account credit equal to the cost of your travel purchase.
Nerd tip: Even partial redemptions are available. One rewards mile is generally equal in value to 1 cent.
Transfer miles to airline and hotel partners
With the addition of 10+ airline and hotel transfer partners, cardholders can transfer and redeem miles for potentially even more value. Any miles that you opt to transfer can be combined with miles or points already in those loyalty programs for even larger redemptions.
Transfer partners include:
5x miles on hotels and rental cars
When you book hotel rooms and rental cars through Capital One Travel, you’ll automatically earn 5x miles per dollar on every reservation rather than the standard 1.5x miles.
0% introductory APR on purchases
Payments from customers can come in waves, which makes it harder to budget or pay your bills on time.
The Capital One Spark Miles for Business offers 0% on Purchases for 9 months, and then the ongoing APR of 13.99% - 23.99% Variable APR. Unlike a balance transfer, there are no fees to use this benefit.
Having a 0% introductory APR on purchases gives you time to pay your charges in full without incurring any interest. These promotions work well in many scenarios, such as buying inventory ahead of a busy season like Christmas, preparing for expansion or to take advantage of bulk purchase discounts.
Free employee cards
Business owners can add employees to their card as authorized users for free. This allows the business to earn additional rewards on employee spending while tracking the purchases that they make. You can set customized spending limits for each employee based on the needs of your business.
No foreign transaction fees
Bring your credit card with you while traveling internationally because there are no foreign transaction fees with this card. This also applies when you make purchases from companies that are based in another country. Without foreign transaction fees, you can save up to 3% on these purchases.
» Learn more: The best travel credit cards for business
Rather than manually entering all of your transactions, you can download and import them automatically into accounting software such as Quicken, QuickBooks and Excel — this perk can save time and reduce the potential for errors.
Businesses need the ability to control cash flow based on when customers pay and what bills they have. This card allows business owners to choose a monthly due date that works best for them.
You'll also get a year-end summary of all of your transactions. This underrated perk not only makes it easier to see all of your transactions in one place, but it also can help with taxes and budget planning.
No annual fee
Many business credit cards charge an annual fee in order to receive benefits like those offered from the Capital One Spark Miles for Business. This card doesn't charge an annual fee, which allows you to spend that money on other items for your business.
The bottom line
The Capital One Spark Miles for Business offers a sizable welcome bonus and unlimited 1.5x miles per dollar on every purchase. But even once you look beyond the obvious, the card still offers some useful perks for business owners. Not only can cardholders redeem miles for travel on any website, they can also take advantage of helpful add-ons like flexible payment dates and automated accounting support.
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 2021, including those best for:
Airline miles and a large bonus: Chase Sapphire Preferred® Card
No annual fee: Wells Fargo Propel American Express® card
Flat-rate rewards with no annual fee: Bank of America® Travel Rewards credit card
Premium travel rewards: Chase Sapphire Reserve®
Luxury perks: The Platinum Card® from American Express
Business travelers: Ink Business Preferred® Credit Card