Dustin isn't a luxury traveler and enjoys eating street food whenever possible. First, the Spark Miles Select carries no annual fee, while the Spark Miles has an annual fee of $0 intro for the first year; $95 after that. We may make money when you click on links to our partners. This flight is available for 13,000 British Airways Avios and $5.60. For most partners, 1 Capital One mile will get you 1 point/mile in your preferred loyalty program; with others, points transfer at a 2:1.5 or 2:1 ratio. You can redeem your rewards to book flights, rent cars, and pay for hotel stays and past travel purchases within 90 days of the date of the travel purchase. Capital One Spark Miles for Business: 50,000-mile offer after spending $4,500 on purchases within three months of account opening; The information for the Capital One Spark Miles and Capital One Spark Miles Select has been collected independently by Million Mile Secrets. Are you sure you want to rest your choices? *, American Express Business Gold Card is ideal for businesses that spend more on certain categories, Offers 4x points per dollar on the first $150,000 among two select categories where your business spends the most each month and 1x point per dollar on all other purchases, Lets you earn 70,000 Membership Rewards points after spending $10,000 worth of eligible purchases within the first three months of account opening. We'd love to hear from you, please enter your comments. How To Find The Cheapest Travel Insurance, Chase Sapphire Preferred Vs. Capital One Venture, Chase Freedom Unlimited Vs. Chase Slate Edge, Bank Of America Preferred Rewards Program Review, Miles can be transferred to Capital Ones travel partners, Business management tools including quarterly reports, Intro APR period is shorter than many similar offerings, Earn unlimited 1.5X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles wont expire for the life of the account, Earn a one-time bonus of 20,000 miles equal to $200 in travel once you spend $3,000 on purchases within the first 3 months from account opening, Save on interest with 0% intro APR on purchases for 9 months; 18.24% 28.24% variable APR after that, Use your miles on flights, hotels, vacation packages and moreyou can use your miles to cover eligible travel purchases to over a dozen travel partners, Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services, Free employee cards which also earn unlimited 1.5X miles from their purchases, Flat earnings of 1.5 miles per dollar spent on most purchases, Introductory APR of 0% on purchases for 9 months, followed by the standard rate of 18.24% - 28.24% variable APR, Rewards are unlimited and can be redeemed at any time, Make a purchase on your own and use miles as a statement credit towards the purchase, Redeem miles on the spot by booking travel through the Capital One Travel Center, Transfer miles to Capital Ones travel partners. Savvy traveler tip: The Capital One Spark Miles for Business only gives you $0.005 per mile redeemed for cash back. Cardholders receive an unlimited 5 miles per dollar spent on hotels and rental cars booked . 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. You can also transfer miles to any of its travel partners. Your cards 2x travel rewards are equal to 2% cash back when redeemed for travel expenses. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance. Spark Miles | 2X Travel Rewards Credit Card | Capital One Business Card Sections Spark 2X Miles Credit Level: Excellent Earn unlimited 2X miles on every purchase. These are provided as guidelines only and approval is not guaranteed. Those who spend $19,000 or less annually and often travel for business will benefit from this travel rewards credit card. Your miles can be redeemed for travel statement credits, booking upcoming travel, or transferring to the Capital One airline partners. (Up to $100). What's more, when booking hotels and rental cars through the. Spark Miles for Business. These responses are not provided or commissioned by the bank advertiser. New Capital One Spark Miles for Business cardholders can earn 50,000 miles - equal to $500 in travel - once they spend $4,500 on purchases within the first 3 months from account opening. When you purchase eligible items with your card, youre covered for 90 days for theft or damage to the item. Please try again later. The chart below shows how much value you get based on how you redeem your miles, and you can easily see that travel redemptions give you more bang for your buck. Editorial Note: We earn a commission from partner links on Forbes Advisor. The more you spend, the more miles you earn. Follow her on Twitter at @robinsaks. Capital One miles are worth a minimum of one cent each toward a travel purchase, though personally I value Capital One miles at 1.7 cents each. Do not sell or share my personal information. Any and all options, reviews, comments and analyses are the responsibility of the author(s) and not any Advertiser or credit card issuer. The Capital One Spark Miles for Business is one of my favorite business credit cards, and it's a card I personally have. You can earn up to a $1,000 cash bonus $500 . The information provided is for informational purposes only and should not be considered financial, tax or legal advice. U.P. However, travel enthusiasts will likely prefer to take advantage of the Spark Miles Selects travel partners, potentially increasing the value of their earnings. They'll earn unlimited 2 miles per dollar spent on every purchase. The Capital One Spark Miles for Business credit card is one of CNN Underscored's best credit cards of 2020, and the Capital One Spark Cash for Business isn't far behind. Earn unlimited and non-expiring 2x miles on every single purchase you make. (Capital One lacks a partnership with a major U.S. airline, for one thing.) Cardholders also earn flexible rewards that can be used for travel statement credits, transfers to airline and hotel partners, and more. Earn 3 points per every dollar spent on travel purchases (car, hotel, airline) booked through the Bank of America Travel Center. With the Spark Miles business card, you'll earn 50,000 Spark miles after spending $4,500 on purchases within the first three months of account opening. The Capital One Spark Miles credit card offers many perks that small business owners can use. We believe everyone should be able to make financial decisions with confidence. Earn 30,000 online bonus points after you make at least $3,000 in net purchases in the first 90 days of your account opening which can be redeemed for a $300 statement credit towards travel or dining purchases. Every dollar you charge for qualifying purchases will earn you 2x miles. However, the credit card information that we publish has been written by experts who know these products inside out, and what we recommend is what we would (or already) use ourselves. The Capital One Spark Miles for Business is a good business credit card for anyone who doesn't want to deal with complicated rewards programs. One, the Spark 1.5% Cash Select for Excellent Credit,. Capital One Spark Miles for Business. This compensation comes from two main sources. June is the author of The Joy of Syntax" and The Best Punctuation Book, Period. A former staff writer, reporter and editor for the community news division of the Los Angeles Times, she also writes the weekly syndicated A Word, Please column that runs in newspapers in five states. This site does not include all credit card companies or all available credit card offers. Charlotte, NC 28269. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. The card comes with an annual fee of $0 intro for first year; $95 after that, so you have a full 12 months to try out this card's benefits and rewards before you commit. 5X miles on hotel and rental cars booked through Capital One Travel, 2X miles per dollar on every other purchase. Earning top rewards on travel purchases booked through Bank of America Travel Center. 2023 Upgraded Points, LLC. The offers straightforward rewards, but if youre looking for a travel card, this is far from likely to be the most lucrative option. This card comes with a $95 annual fee, but that fee is waived for the . After all, you can charge any travel purchase to your card then redeem your miles to cover all or part of the purchase at a rate of $0.01 per point. Past performance is not indicative of future results. Performance information may have changed since the time of publication. You may also prefer to get cash back to use on more than just travel. Youll earn 2x on every purchase, which means you dont have to juggle different bonus categories. For more information please see our Advertiser Disclosure. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. Non-travel redemption options include purchases made through Amazon.com or PayPal, as well as gift cards and cash back. This card helps you move through the airport faster by paying you back for the application fee for TSA Precheck or Global Entry up to $100 every four years. See the respective Guide to Benefits for details, as terms and exclusions apply. For some business owners, the Capital One Spark Miles for Business is well worth the annual fee. So its a shame to waste it in long airport security lines. In addition to a streamlined earnings program, the Capital One Spark Miles Select comes with some perks typically reserved for cards with an annual fee. Disclaimer: Any comments listed below are not from the bank advertiser, nor have they been reviewed or approved by them. Email needed if you'd like comment updates. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. Every purchase made on the Capital One Spark Miles Select will net 1.5 miles per dollar spent, unless its a hotel or rental car booked through the Capital One portal, in which case it will accrue 5 miles per dollar. What's more, when booking hotels and rental cars through the Capital One Travel portal, you'll get an elevated earn rate of 5x miles. , you'll get an elevated earn rate of 5x miles. The Spark Miles will only be worth the fee if you plan to spend more than $4,750 annually on the card during each year beyond the first. Editorial Note: Opinions expressed here are the authors alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. Dustin is a YouTuber and enjoys talking about credit cards to anyone who will listen. Upgraded Points, LLC uses reasonable efforts to maintain accurate information on the site and p. rior to applying for any credit card offers found on UpgradedPoints.com, all visitors should review other features of such credit cards including but not limited to interest rates, annual fees and transaction fees, and should determine the suitability of such credit cards considering their own individual financial position. Here is everything you need to know about the Capital One Spark Miles. Cardholders can also earn an annual rewards bonus of $200 when they spend $200,000 on their card within a year or more. The Capital One Spark Miles for Business* is primarily focused on travel, but it has a much lower annual fee ($0 intro annual fee your first year, then $95) with no set spending level to get the. Fit Small Business content and reviews are editorially independent. : According to Capital One, this sign-up bonus may not be available for existing or previous Spark cardholders. There is no fee to get a Capital One Spark Miles for Business replacement card, which should arrive within 4-6 business days. To find out more about these additional features, review your guide to benefits when you receive your card in the mail. With the Capital One Spark Miles for Business, youll earn 2x on all your purchases, with no limits, categories or bonuses to keep up with. Capital One has more than 15 partners, such as Air Canada, British Airways, Qantas, Singapore Airlines, and Turkish Airlines. 0% introductory APR for 12 months on purchases, Chase Ink Business Unlimited is a cash back business credit card best suited for those wanting to earn fixed-rate rewards and have other existing, Lets you earn 1.5% cash back rewards on all business-related purchases and a welcome bonus of $750 cash back after spending $7,500 on purchases within the first three months after opening an account, Offers an interest-free financing option on purchases for the first 12 months after account opening, Welcome Offer: Earn 70,000 Membership Rewards points after you spend $10,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership. Many of the credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. Pre-qualified offers are not binding. 1 0% intro Purchase Rate This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Select the newsletters youre interested in below. We estimated an earning rate for the average consumer on multiple rewards credit cards based on U.S. Bureau of Labor data. You can take your cash back as a statement credit, which reduces your outstanding card balance, and many more options. Set individual spending limits for greater control. For example, the Chase Ink Business Preferred Credit Card lets you Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening. There are five Spark cards in total. Businesses with moderate spending would be hard-pressed to find a better no-annual-fee travel card than the Capital One Spark Miles Select. If you do a lot of international travel, the. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Terms apply to American Express benefits and offers. This site may be compensated through a credit card issuer partnership. The annual fee is $0 for the first 12 months then $95 after that. The Capital One Spark Classic offers a flat 1% cash back on every purchase you make. Youll just have to spend $4,750 each year on this card or just under $400 per month to recoup the annual fee. The Spark Miles Select card has no annual fee and also comes with a competitive sign-up bonus - 20,000 miles if you spend $3,000 in the first three months. Earn unlimited 2% cash back for your business on every purchase, everywhere, no limits or category restrictions. PO Box 71083 That means you could earn up to an unlimited 2.62 points per $1 spent on all purchases and up to 5.25 points per $1 spent at the Bank of America Travel Center. 1X is earned for other purchases. While the sign-up bonus is worth $500 in travel alone (and potentially more with partners), the $100 fee credit for Global Entry or TSA Precheck adds even more value. The Capital One Spark Miles Select comes with a 0% introductory APR for 9 months, followed by a 18.24% - 28.24% variable APR APR thereafter. Bank of America doesnt disclose details of its additional card features. Looking for a small business credit card? Capital One's list of partners isn't as robust as Chase Ultimate Rewards and Amex Membership Rewards. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. While business owners with a Preferred Rewards relationship with Bank of America may benefit more from the Business Advantage card, the redemption ease of the Capital One Spark Miles Select may make it a more attractive option to other customers, as you can cash in your Spark Miles in any amount at any time. This card helps you move through the airport faster by paying you back for the application fee for. New York, NY 10003-1502, California Privacy Rights | Privacy | Terms | Sitemap. Then, after making the purchase, redeem your miles for a statement credit in the amount of the purchase. But it comes with an annual fee: card benefits that could make it worth the annual fee for your business. Capital One partners with more than 15 airline and hotel loyalty programs, including Etihad, Air Canada and Accor Hotels, to let you transfer your Capital One miles. 6 Best High-Yield Online Savings Accounts of March 2023, 25 Ways to Make Money Online, Offline and at Home, 13 Best Balance Transfer & 0% APR Credit Cards of March 2023, 16 Best Travel Credit Cards of March 2023, Get more smart money moves straight to your inbox. This compensation may impact how and where offers appear on this site (including, for example, the order in which they appear). Credit Score ranges are based on FICO credit scoring. Both cards. The Capital One Spark Miles for Business makes it easy for business owners to earn and redeem travel rewards while also enjoying a range of other valuable perks. Bonuses, rewards as well as rates and fees are all taken into account. So the difference between the two bonuses is 30,000 Spark miles, which are worth a minimum of $300, but . Based on TPG's valuation of Capital One miles at 1.85 cents each, the full bonus is worth $925 (not provided by the issuer). Balance transfer fee does not apply. American Express will refund you for eligible purchases when the store doesnt accept returns of undamaged items. OFFER ENDING SOON: Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening. But it comes with an annual fee: $0 intro for the first year, then $95. In addition to a straightforward rewards system, the Capital One Spark Miles Select comes with valuable extras like a nice welcome bonus and an introductory 0% APR offer on purchases. To qualify, you must be a business owner or have some sort of self-employment. Please see our card rating methodology here. If a business owner already has a Preferred Rewardsrelationship with Bank of America, the rewards rate on the Business Advantage can greatly increase. Travel rewards and annual spending less than $19,000, https://www.capitalone.com/small-business/credit-cards/spark-miles-select/. The Ink Business Preferred Credit Card is a superior travel rewards card that offers a better sign-up bonus and more valuable rewards and travel benefits than the Capital One Spark Miles card. More options appear on the business Advantage can greatly increase is n't as as. Are from credit card offers that appear on the website are from credit card 2x! 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