Capital One Spark Miles Business Card Review

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Running a business is not easy. You have to take care of financial tasks such as of budgeting, accounting, and tax preparation. And as a business owner, you don’t want to get a business credit card that’ll just add more tasks to that list.

Fortunately, the Capital One Spark Miles for Business lets business owners earn a solid flat rate of 2x miles per dollar on all purchases. This card can give you the peace of mind that every dollar you spend is maximized without having to keep track of confusing rewards categories.

The Spark Miles business card earns miles, not cashback, giving you the flexibility to redeem your miles through Capital One or its transfer partners. Additionally, the card comes with several travel benefits, statement credits, and insurance.

Don’t worry, we’ll explain everything that you need to know in this Capital One Spark Miles business review, and eventually help you decide whether it’s the right card for you.

2x Miles on All Purchases
Capital One Spark Miles for Business
  • Earn 50,000 Bonus Miles After Spending $4,500 in the First 3 Months
  • 2x Miles On Every Purchase
  • Global Entry or TSA PreCheck Credit
  • No Foreign Transaction Fees
  • $0 Intro Annual Fee for the First Year, $95 Thereafter
Learn More

Welcome Bonus

The Capital One Spark Miles Business Card has a welcome offer of 50,000 miles after spending $4,500 on purchases within the first three months of account opening.

While it would depend on how you redeem your bonus miles, it’s a massive offer that can potentially offset your card’s $95 annual fee.

Let’s say you we’re able to redeem your 50k bonus miles at 1 cent apiece, you’ll get $500 in value from the bonus that can cover not just one, but five annual fees.

Earning Points

The Spark Miles card has a simple earning structure of 2 miles per dollar on all eligible purchases.

The rates are very competitive compared to most flat-rate credit cards in the market.

It’s the perfect card for business owners whose expenses are spread out evenly or those who don’t want to deal with rewards categories.

  • Deals Points Tips

    The miles you earn from your Capital One Spark Miles Business card can be transferred to 18 airline and hotel loyalty programs, and the list keeps on growing!

Spark Miles Card Benefits

The Capital One Spark Miles Credit Card for Business comes with several travel and business benefits that are worth hundreds of dollars in value. Have a look!

Global Entry & TSA PreCheck Statement Credit

This card offers a Global Entry or TSA PreCheck fee credit like many other travel cards.

TSA PreCheck is a membership program offering dedicated airport security lines and faster security screening (typically 5 minutes or less) at more than 200 airports across the United States and includes over 81 airlines.

With TSA PreCheck, you do not need to remove your shoes, laptop, small liquids, belts, or light jackets.

Global Entry includes TSA PreCheck and expedited immigration upon arrival from an international trip back to the United States.

TSA PreCheck and Global Entry require an interview and background check, but TSA PreCheck is typically faster and easier to obtain. 

If you already have Global Entry or TSA PreCheck, you could use the card to purchase Global Entry for a family or friend or use it when your membership needs to be renewed. (Some TSA PreCheck enrollment centers require the credit card name to match the applicant’s name, whereas Global Entry doesn’t have the same requirement.)

No Foreign Transaction Fees

Cardholders don’t have to pay foreign transaction fees when they purchase abroad.

Foreign transaction fees are usually 3% of the cost of each transaction, and while it may not seem much, it can add up to hundreds of dollars if you make big purchases all the time.

Primary Rental Car Insurance

This card offers primary rental car insurance when you rent either (1) for business purposes in almost every country worldwide, (2) renting outside your country of residence for personal reasons, or (3) if you don’t have automobile collision insurance.

Primary rental car insurance covers any damage to a rental car when you pay for the rental using this card. 

But you still need to maintain liability car insurance to cover damage to another person or property.

Rental Car Insurance
Photo: Hertz

Extended Warranty

Credit card extended warranty protection adds up to an additional year of coverage for eligible purchases on manufacturer’s warranties up to 3 years.

Coverage matches the protection provided by the original warranty so that damage or defect would have to be covered by the original warranty for extended warranty coverage.

The maximum coverage is $10,000 per item and $50,000 per cardholder.

For example, if you bought a TV with a manufacturer’s warranty of three years, then this card would extend the warranty for free to the fourth year.

But if the TV comes with a four or five-year warranty, you should consider using an American Express or Citi credit card, which covers warranties up to 5 years.

Purchase Protection

Purchase protection can save you a lot of money if you bought an eligible item that is damaged or stolen within 90-days.

For example, if accidentally dropped your new phone or laptop and broke the screen, you could file a claim to get it replaced if it was purchased within the last 90 days.

Coverage for this benefit is limited to $10,000 per claim and up to $50,000 per cardholder.

Account Management Tools

  • Free Employee Cards – Add employees as authorized users for free. You can also set spending limits for each card to monitor their transactions.
  • Easy Accounting – Monitor all of your transactions and download them in different formats such as Quicken, Quickbooks, and Excel. 
  • Account And Business Management Tools – Automate your payments, set alerts, and create detailed financial reports. You can even authorize an employee as an account manager.

How to Redeem Miles

The best thing about Capital One Miles is you can redeem them through the Capital One portal or transfer and redeem them through other loyalty programs. You have the flexibility on how you want to use your miles!

You can redeem them for a fixed rate of 1.0 cents per point for travel purchases or via the Capital One Travel Portal.

Travel purchases are broadly defined and include things like Airbnbs and Uber/Lyft.

Or you can get maximum value by transferring them to one of Capital One’s 18 transfer partners.

Most transfer partners have a transfer ratio of 1:1, such as Avianca LifeMiles, Air Canada Aeroplan, and British Airways Executive Club. 

AEROMEXICO LOGO AeroMexico Air Canada Air Canada (Aeroplan)
Air France Air France (Flying Blue) Avianca Avianca (LifeMiles)
British Airways British Airways Cathay Pacific Cathay Pacific (Asia Miles)
Emirates logo Emirates Etihad Etihad
EVA Air EVA Finnair logo Finnair
Qantas Logo Qantas Singapore Airlines Singapore (KrisFlyer)
TAP Portugal TAP Portugal Turkish Airlines logo Turkish Airlines
Virgin Atlantic logo Virgin Red Accor Hotel Logo Accor (2:1)
Choice Logo Choice Hotels Wyndham Logo Wyndham Rewards
  • Deals Points Tips

    Some airlines only open up award space 1 or 2 weeks before departure so don't transfer your Capital One miles in advance unless you've found an award flight that matches your travel dates. Remember, once credit card points/miles are transferred to an airline program, you can't transfer them back.

Pros & Cons

Here’s a quick overview of this card’s advantages and disadvantages.

Pros:

  • Annual fee is waived for the first year
  • Simple rewards rate
  • Statement credits for Global Entry or TSA PreCheck
  • Flexible redemption options

Cons:

  • No bonus categories
  • Some similar business cards have higher welcome bonuses

Alternatives to the Spark Miles

Now that you know about the pros and cons of this card and its benefits, it’s time to review the alternatives.

Or, if you are like me, who loves to maximize my rewards, here are other cards you should add to your wallet: 

Blue Business® Plus Credit Card from American Express

2x Points on Everyday Spending
The Blue Business® Plus Credit Card from American Express
  • Earn 15,000 Membership Rewards Points for $3,000 in Eligible Purchases in the First 3 Months
  • 2 Points Per Dollar on the First $50,000 in Purchases Each Calendar Year (1x Points thereafter)
  • 0.0% Intro APR on purchases for the first 12 months. After that, a variable APR of 17.74% – 25.74%.
  • No Annual Fee (Rates and Fees)
Learn More Our Review
American Express is a Deals Points Advertiser; Terms Apply

The Blue Business® Plus Credit Card from American Express is one of my favorite cards because it has no annual fee and earns 2x Membership Rewards points on the first $50,000 in purchases every year. After that, you will earn 1 point on all other eligible purchases.

You can transfer Membership Rewards to 18 airlines and three hotel points programs, with several great sweet spots to travel in business class to anywhere in the world.

I put all of my everyday business spending on my Blue Business Plus because it is a quick way to rack up points for my next trip.

Capital One Spark Cash Plus Card

$1,000 Cash Bonus
Capital One Spark Cash Plus
  • Earn $1,000 Bonus Cash: $500 after Spending $5,000 in the First 3 Months, and $500 after Spending $50,000 in the First 6 Months
  • 5% Back on Hotels and Rental Cars Booked Via Capital One Travel
  • 2% Cash Back on All Purchases
  • Extended Warranty & No Foreign Transaction Fees
  • $150 Annual Fee
Learn More Our Review

The Capital One Spark Cash Plus is great for businesses that spend a lot each year. 

The card earns 2% cash back on all purchases and comes with no preset spending limit so that it can adapt to your needs based on your spending behavior, payment history, and credit profile.

The card also earns unlimited 5% cash back on hotels and rental cars booked through Capital One Travel.

 Ink Business Preferred® Credit Card

100,000 Welcome Bonus Points
Ink Business Preferred® Credit Card
  • Earn 100,000 Ultimate Rewards Points After Spending $15,000 in Purchases in the First 3 Months
  • 3X Points on Travel, Shipping, Advertising (Social Media and Search Engines), Internet, Cable, and Phone on the First $150,000 Each Account Year
  • 25% Additional Points Value in Travel Redemption
  • Primary Rental Car Insurance
  • Trip Cancellation/Interruption Insurance
  • Cell Phone Protection
  • Purchase Protection and Extended Warranty
  • No Foreign Transaction Fees
  • $95 Annual Fee

Click Here to Learn How to Apply

The Ink Business Preferred® Credit Card is a versatile business rewards card earning 3x Chase Ultimate Rewards points on up to $150,000 in combined purchases per year in business categories, including shipping, online advertising, internet, phone, and travel. 

This business card offers a lucrative bonus of 100,000 points worth $1,000 cash back or $1,250 when redeemed toward travel via Chase.  

For $95 per year, the Chase Ink Business Preferred offers comprehensive protection, including trip cancellation insurance, trip delay insurance, primary rental car insurance, purchase protection, cell phone insurance, and extended warranty.

Is The Capital One Spark Miles Worth It?

The Capital One Spark Miles Business card is obviously for business owners who don’t want to deal with complicated rewards categories and for those whose expenses are almost evenly spread out.

However, if most of your expenses are focused on a few specific categories, like gas and phone services, you’re better off with another card that earns higher points.

For example, the Chase Ink Business Preferred card earns 3x Ultimate Rewards points on Travel, Shipping, Advertising (Social Media and Search Engines), Internet, Cable, and Phone.

To choose the best credit card for your business, check which expenses you spend money on the most and look for a credit card that offers the highest rewards on these expenses.

2x Miles on All Purchases
Capital One Spark Miles for Business
  • Earn 50,000 Bonus Miles After Spending $4,500 in the First 3 Months
  • 2x Miles On Every Purchase
  • Global Entry or TSA PreCheck Credit
  • No Foreign Transaction Fees
  • $0 Intro Annual Fee for the First Year, $95 Thereafter
Learn More

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