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Capital One Spark Miles for Business: Simple rewards for business owners

Kat Tretina
Updated 3 min read

The Capital One Spark Miles for Business credit card is a good option for small business owners looking for a simple, straightforward travel rewards card. Instead of tracking multiple categories or rotating bonus calendars, you'll earn a flat rewards rate on most purchases.

Capital One Spark Miles for Business

  • Annual fee
    $0 for the first year, then $95
  • Welcome offer
    Earn 50,000 bonus miles after spending $4,500 within the first 3 months
  • Card type(s)
    Business, Travel
  • Purchase APR
    26.24% variable
  • Recommended credit score
    Good, Excellent
  • Rewards rate
    • 5x miles on hotels, vacation rentals, and rental cars booked through Capital One Travel
    • 2x miles on all other purchases
  • Benefits
    • Get a statement credit of up to $120 to cover the application fee for TSA PreCheck or Global Entry
    • Transfer your miles to more than 15 travel partners
    • Enjoy international travel without additional fees on purchases made abroad

Other benefits include:

Free employee cards: You can get free cards for your employees and earn rewards on their purchases. Plus, you can set spending limits on employee cards.

Lifestyle Collection: Use your card to book a stay with a hotel in the Lifestyle Collection, and you'll enjoy benefits like a $50 experience credit to use during your stay, room upgrades, and early check-in or late checkout (when available).

Global Entry or TSA PreCheck fee credit: Speed up your time in the airport security line by signing up for TSA PreCheck or Global Entry. This card offers a statement credit to reimburse you for Global Entry or TSA PreCheck application fees.

Extended warranty protection: When you make an eligible purchase, such as a new laptop or copier, with a warranty of three years or less with your card, Capital One will extend its warranty protection by one year.

Capital One Lounge: The Capital One Lounge is a network of airport lounges in select cities. As a Spark Miles cardholder, you can enjoy free Wi-Fi, food, and coffee, which gives you a chance to relax or catch up on work before your flight.

Learn more

To maximize your rewards, book your work travel, such as hotel stays, vacation rentals, and car rentals, through the Capital One Travel platform; you'll earn five miles for every dollar spent. Use your card for your routine business purchases, such as your internet service, cell phone bill, or shipping costs, to earn two miles for every dollar spent.

You can earn unlimited miles, and they will never expire as long as your account is open.

The primary redemption method for the Capital One Spark Miles card is travel arrangements booked through Capital One Travel. When you redeem your miles through the Capital One Travel portal, each mile is worth one cent. For example, if you earn 20,000 miles, you could redeem them for $200 worth of flights, car rentals, or hotel accommodations.

Capital One allows you to transfer your points to its travel partners, including loyalty programs like Emirates Skywards or Finnair Plus. You can also redeem your miles in other ways, including gift cards or account credits, but the value of your points may be less with those redemption options.

The Spark Miles card is best for small business owners, including independent contractors or freelancers, who travel often for work. You'll earn a higher rewards rate on hotels and car rentals and a flat rate on all other business purchases.

The card provides added benefits and protections, and the $95 annual fee is relatively low for a card that offers so many perks.

  • No annual fee the first year: The annual fee is waived for the first year, giving you time to try out the card and earn rewards before deciding whether to keep it and pay the fee.

  • Simple rewards: Even the best rewards card can be incredibly complex, requiring users to keep track of rotating spending categories and special sign-up bonus offers. The Spark Miles card is much simpler, offering a flat rate on most purchases.

  • Added benefits: Card members enjoy benefits like extended warranty protection and Global Entry or TSA PreCheck fee reimbursements.

  • Must have excellent credit: To qualify for the Spark Miles card, you must have excellent credit. According to Equifax, one of the three major credit bureaus, a very good to excellent credit score would be between 740 and 850. You won't qualify for the card if your score isn't within that range.

  • Lack of travel insurance: For a travel rewards card, the Spark Miles card lacks some significant benefits, including common perks like baggage delay insurance, car rental damage insurance, and travel cancellation or interruption coverage.

  • No introductory APR: The Spark Miles doesn't have an introductory APR offer, so you don't get the benefit of 0% APR for purchases or balance transfers.

The Spark Miles card is a Mastercard, and most retailers and merchants in the U.S. and other countries accept it.

You can make payments on your Spark Miles card online, through a mobile app, or by sending a check through the mail.

Capital One

Attn: Payment Processing

PO Box 71087

Charlotte, NC 28272-1087

Customer support is available 24 hours a day, seven days a week. You can reach customer service via phone or social media:

If the Capital One Spark Miles card isn't the right card for you, these other business credit cards may be a better fit:

Ink Business Unlimited® Credit Card

  • Annual fee
    $0
  • Welcome offer
    Earn $900 bonus cash back after spending $6,000 in the first 3 months
  • Card type(s)
    Business, Travel
  • Introductory Purchases APR
    0% Intro APR on Purchases for 12 Months
  • Ongoing Purchases APR
    18.49% - 24.49% Variable
  • Recommended credit score
    Good, Excellent
  • Rewards rate
    1.5% unlimited cash back on every business purchase
  • Benefits
    • $0 annual fee
    • 0% intro APR on purchases for 12 months (18.49% – 24.49% variable APR after that)
    • You won't be held responsible for unauthorized charges made with your card or account information

Why we like it: The Chase Ink Business Unlimited card has no annual fee, and you can earn a flat 1.5% cash-back rate on every purchase.

Learn more

The American Express Blue Business Cash™ Card

Rates & fees, terms apply
  • Annual fee
    $0
  • Welcome offer
    Earn a $250 statement credit after you make $3,000 in purchases on your card in your first 3 months
  • Card type(s)
    Business, Cash-Back
  • Introductory Purchases APR
    0% on purchases for 12 months from date of account opening
  • Ongoing Purchases APR
    17.99% - 25.99% Variable
  • Recommended credit score
    Excellent/Good
  • Rewards rate
    • 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%
    • 1% cash back on all eligible purchases after spending $50,000 per calendar year (cash back earned is automatically credited to your statement)
  • Benefits
    0% intro APR on purchases for 12 months from the date of account opening (then variable rate 17.99%–25.99%, based on your creditworthiness and other factors as determined at the time of account opening; APRs will not exceed 29.99%)

Why we like it: The Amex Blue Business Cash Card also has no annual fee and a generous introductory APR on purchase.

Learn more

United℠ Business Card

  • Annual fee
    $0 introductory annual fee for the first year, then $99.
  • Welcome offer
    Earn 75,000 bonus miles after spending $5,000 in the first 3 months
  • Card type(s)
    Travel, Airline, Business
  • Ongoing Purchases APR
    21.99% - 28.99% Variable
  • Recommended credit score
    Excellent/Good
  • Rewards rate
    • 2x miles on United purchases, dining, at gas stations, office supply stores, and on local transit and commuting
    • 1x miles on all other purchases
  • Benefits
    • $0 introductory annual fee for the first year, then $95
    • Receive a 5,000-mile "better together" bonus each anniversary when you have both the United Business Card and a personal Chase United credit card
    • Enjoy a free first checked bag, 2 United Club one-time passes per year, and priority boarding privileges

Why we like it: The United Business Card has a $99 annual fee (waived in the first year), but it offers robust benefits. Its perks include a free checked bag, trip cancellation or interruption coverage, trip delay reimbursement, baggage delay insurance, and auto rental collision damage waivers.

Learn more

This article was edited by Rebecca McCracken

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