The bottom line: A great option for small-business operators who prize simplicity in a travel rewards program, or whose spending doesn't fit neatly into the bonus categories of other travel cards.
Capital One® Spark® Miles for Business
$0 intro for the first year, then $95
20.99% Variable APR
Recommended Credit Score
- 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 unlimited 2X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won't expire for the life of the account
- Earn 5X miles on hotel and rental car bookings through Capital One Travel℠ using a Spark Miles card
Pros & Cons
High rewards rate
No foreign transaction fee
Has annual fee
Alternate Pick: 2% back up to a cap, no annual fee
American Express Blue Business Cash™ Card
0% intro APR period, too
The $0-annual-fee American Express Blue Business Cash™ Card offers 2% cash back on eligible purchases on up to $50,000 in spending per year (1% back after that). Terms apply. It also offers an intro 0% on Purchases for 12 months, and then the ongoing APR of 13.24% - 19.24% Variable APR. The annual fee is $0. Terms apply.
For business owners who travel frequently, the Capital One® Spark® Miles for Business is a simple but valuable choice.
You'll earn double miles on your purchases, and that rate increases for hotel and rental car bookings made via Capital One Travel. Those miles are easy to redeem, too. You can use them toward various kinds of travel purchases — flights, hotels, vacation packages and more — or you can opt to transfer your miles to more than a dozen travel partners.
The card also comes with useful perks, including a Global Entry or TSA Precheck credit.
There is an annual fee, however. And if it's cash back you're interested in, you'll want to look elsewhere.
Key features of the Capital One® Spark® Miles for Business
Card type: Small business.
Annual fee: $0 intro for the first year, then $95.
Sign-up 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.
Ongoing rewards: Earn double miles on every purchase, plus 5X miles on hotel and rental car bookings through Capital One Travel.
Miles are worth a penny apiece when you:
Use Capital One's travel portal to book travel.
Book travel with your card elsewhere, then use Capital One's Purchase Eraser for statement credit against your travel purchase. Unlike the points or miles in programs tied to a specific airline or hotel chain, these rewards allow you to book however you want, with no blackout dates or exclusions. There's no minimum redemption amount for the Purchase Eraser option, and you can redeem miles for all or just part of an expense. You can get credit for a travel purchase for up to 90 days after it posts to your account.
You can also transfer miles to one of more than a dozen travel transfer partners, but not at a 1:1 ratio. (More on that below.)
APR: The ongoing APR is 20.99% Variable APR.
Foreign transaction fees: None.
Balance transfer fee: None.
Global Entry or TSA Precheck application fee credit.
Employees receive free cards and earn rewards from their purchases; you can customize spending limits on employee cards and see all transactions.
Year-end itemized report of spending and easy to download purchase record.
Why you might want the Capital One® Spark® Miles for Business
Simple, generous rewards
Unlike some other travel rewards cards with a tiered points system, the Capital One® Spark® Miles for Business card is much less complex. Its flat rewards rate — double miles on everything (aside from its two narrow 5X categories) — makes it ideal for a business whose expenses are all over the map or don't easily fit into the typical bonus categories for business credit cards. And if you use the card for working capital, it can really supercharge your earning. Put $10,000 a month in inventory purchases on the card, for example, and you're looking at 240,000 miles at the end of the year — good for $2,400 worth of travel.
Plus, those 5X categories can be valuable if you're willing to book via the Capital One Travel portal.
Flexibility in redemption
You can redeem miles for any airline, hotel or vacation package purchase at a rate of a penny per mile, and there are no blackout dates or restrictions on when or how you travel. But you can also transfer miles to one of more than a dozen travel partners. This can be especially useful for international travelers, although it's important to note that the transfer ratio is not 1:1. (For most partners, the ratio is 2 Venture miles to 1.5 airline miles.)
A HEFTY sign-up bonus
The introductory offer can potentially take a chunk out of your travel budget if you spend enough to earn it. 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.
No foreign transaction fee
Many credit cards tack on a fee of 3% on every overseas purchase. If you frequently travel internationally with your business, or if you buy inventory while abroad, that could get expensive for both yourself and your employees. But like all Capital One cards, the Capital One® Spark® Miles for Business doesn't charge this fee.
Capital One® Spark® Miles for Business vs. other Spark cards
The Capital One Spark Business cards are split into two categories: cash back and travel. Among the two travel cards, Spark Miles offers higher rewards than Spark Miles Select, along with an annual fee after one year. Among the three cash-back cards, Spark Cash is the most premium, followed by Spark Cash Select.
Why you might want a different card
There's an annual fee
At an effective rewards rate of 2% for most purchases, this card will pay for its annual fee with $4,750 a year in purchases. If you just can't stomach an annual fee, however, consider the no-fee "Select" version of this card — the Capital One® Spark® Miles Select for Business. It earns only 1.5 miles back on all purchases, but its annual fee is $0. Looking for the break-even point between the two cards? If you spend above $19,000 a year, the rewards you'd earn at a 2X rate would top a 1.5X rate, even taking into account the annual fee on the Capital One® Spark® Miles for Business.
You could also consider the American Express Blue Business Cash™ Card. It earns 2% cash back on eligible purchases, but only up to $50,000 in spending per calendar year (1% back after that). The annual fee is $0. Terms apply.
You can find Higher rewards
The Ink Business Preferred® Credit Card comes with an annual fee, but it has a tiered rewards structure: You earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary, and 1 point per $1 on all other purchases. Those business categories include shipping; internet, cable and telephone services; and advertising purchases with social media sites and search engines. If your spending aligns with those categories, your points could add up quickly. Points are worth a penny each when redeemed for cash, and 25% more when redeemed for travel through Chase Ultimate Rewards®.
There's no 0% intro APR period
If you’re looking to finance business purchases upfront, you’ll also want to turn to another card. The aforementioned American Express Blue Business Cash™ Card could be a good pick. It offers an intro 0% on Purchases for 12 months, and then the ongoing APR of 13.24% - 19.24% Variable APR. Terms apply.
To learn more about business credit card options, see NerdWallet's list of the best credit cards to have.
Should you get the Capital One® Spark® Miles for Business?
If you’re a small-business owner looking for a flexible and straightforward travel rewards card, the Capital One® Spark® Miles for Business could be a great fit. But if you routinely spend more in specific categories, other cards can be more rewarding. And if you're more interested in cash back, this is not the right pick for you.
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