Capital One® Spark® Miles Select for Business

out of 5

Issued by: Capital One

Recommended Credit Score

minimum credit needed Good

Good

Capital One® Spark® Miles Select for Business Review

Expert's Take
Josh Patoka - Spade Business Team
Josh Patoka
April 26, 2019

Business travelers wanting a travel rewards credit card without an annual fee or foreign transaction fee may like the Capital One Spark Miles Select for Business. This is a flat rate rewards card that earns an unlimited 1.5 points per $1 spent. Each point is worth 1 cent each when redeemed for travel statement credits of recent travel purchases. Points can also be redeemed for upcoming travel reservations or transferred to 14 airline programs.

Two features that distinguish this card from other travel business credit cards are the airline transfer partners and the lack of a foreign transaction fee. Most credit cards with these two perks typically charge an annual fee. New cardmembers also have an opportunity to earn a signup bonus worth $200 in award travel after spending $3,000 in the first 3 months. Good to excellent credit is required to qualify for this card.

Advantages of the Capital One® Spark® Miles Select for Business

Simple rewards program: It doesn’t get much easier than knowing you earn 1.5 miles per $1 spent on every purchase. Each point is worth 1 cent each and redeemable in any amount for travel statement credits. If you spend $10,000, you earn 15,000 rewards points that are worth $150 in award travel.

Valuable signup bonus: New cardmembers can earn 20,000 bonus points worth $200 in award travel by making $3,000 in purchases within the first 3 months. There’s also an introductory 0% APR on new purchases for the first 9 months. Both of these one-time benefits can reduce your business expenses.

Airline transfer partners: Other credit card companies only provide airline transfer partners for cards requiring an annual fee. Although there aren’t any domestic airline partners, the 14 international airlines can make it easier to maximize your point redemptions when traveling abroad.

No annual fee or foreign transaction fee: Not having to pay an annual fee or foreign transaction fee means you don’t have to pay any hidden fees on your daily business spending. Additional employee cards are also free.

Disadvantages of the Capital One® Spark® Miles Select for Business

No tiered rewards: Other business credit cards without an annual fee can offer bonus categories that earn as much as 5 points per $1 spent. It’s still possible to earn more with a flat-rate rewards cards if the non-bonus spending exceeds the bonus category purchases as tiered rewards credit awards only award 1 point per $1 on base purchases. Non-Capital One cards are also more likely to charge a foreign transaction fee that negates the value of the extra purchase rewards earned.

No domestic airline transfer partners: Capital One currently doesn’t have any domestic U.S. airline transfer partners. These point transfers can be a good option if you fly overseas. Having this transfer option is still another reason this is one of the more flexible business credit cards.

Spend more than $19,000 annually: If you spend more than $19,000 annually and want a flat rate travel rewards credit card, you will earn more points with the Capital One Spark Miles for Business which earns unlimited 2x points and the $95 annual fee is waived for the first year. Earning unlimited 1.5x points is still one of the better rewards rates for a fee-free rewards credit card.

Is the Capital One® Spark® Miles Select for Business Right for my Business?

Any business that wants to redeem their points for travel rewards can benefit from this card. You earn a competitive 1.5 points per $1 and never have to pay an annual fee or foreign transaction fee. Businesses with significant monthly expenses may benefit more from a card that offers tiered purchase rewards.

Click “Apply now” to get started with Capital One.

Capital One® Spark® Miles Select for Business's Rewards

  • Earn 1.5 miles per $1 on every purchase, every day
  • Plus, a one-time bonus of 20,000 miles once you spend $3,000 on purchases within 3 months from account opening
  • Miles won’t expire for the life of the account, and there are no categories to limit where or what you buy
  • There’s no limit to the amount of miles you can earn
  • Fly on any airline, anytime, with no blackout dates or seat restrictions
  • Save on interest with 0% intro APR on purchases for 9 months; 15.24% – 23.24% variable APR after that
  • Pay no annual fee or foreign transaction fees
  • Get online Quarterly and Year-End Summaries

Capital One® Spark® Miles Select for Business Key APRs

Intro purchase APR
0% for 9 months
Intro transfer APR
15.24% - 23.24% (V)
Ongoing APR
15.24% - 23.24% (V)
Cash advntage APR
15.24% - 23.24% (V)
Penalty APR
15.24% - 23.24% (V)

Capital One® Spark® Miles Select for Business Key Fees

Annual fee
$0
Balance transfer fee
$0
Cash advance fee
3% (min $10)
Foreign transection fee
$0
Late payment fee
$0

Capital One® Spark® Miles Select for Business Additional Info

Customer support
Customer service and support available 7 days a week
Online & mobile access
None
Card security
Real time alerts of fraud attempts via text, email, or phone
Travel services
Travel Services XYZ
Emergency services
Emergency Services XYZ
Expense management
Access to view quarterly and year-end summaries and download spending records
Employee cards
Add employee cards at no additional costs
Chip technology
Chip-and-signature
Card network
None
at Capital One's secure site

Description

Purchase Intro APR → 0% for 9 months
Transfer Intro APR → Not Offered
Regular APR → 15.24% – 23.24% (V)

Additional information

Minimum Credit

Annual Fee

Product Class

Rewards Bonus

Rewards Rate

1 review for Capital One® Spark® Miles Select for Business

  1. Philip DiMuro

    Perfect for me

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