Capital One® Spark® Miles for Business Credit Card

Capital One® Spark® Miles for Business Credit Card

Card Details
Opportunity to earn 30,000 bonus miles
Rewards Rate: 2%
Annual Fee: $59
APR: 13.9%-20.9% variable APR
Intro APR
Credit Needed: Excellent
Card Features
  • Earn 2 miles per dollar on every purchase, every day
  • Earn a one-time 25,000 miles bonus once you spend $5,000 on purchases within the first 3 months
  • Earn a one-time 5,000 miles bonus when you sign up for one or more employee cards within the first 60 days
  • Fly on any airline with no blackout dates or seat restrictions
  • There’s no limit to the amount of miles you can earn and miles don’t expire
  • Redeem miles for travel, cash, gift cards, and more
  • Opportunity to build business credit
  • Fraud protection if your card is ever lost or stolen
  • No foreign transaction fees
  • Capital One® Spark® business benefits include: free employee cards, year-end summaries, and experienced business customer service

Card Summary

30,000 miles signup bonus, 2% rewards, $0 intro annual fee; $59 annual fee after that, 13.9%-20.9% variable APR

This is a great business rewards credit card for businesses with high expenses. You earn 2 miles per dollar spent on absolutely everything.

The sign up bonuses are good: 25,000 bonus miles for spending $5,000 on purchases in the first 3 months, and an extra 5,000 bonus miles for adding an employee within the first 60 days. You will enjoy becoming a part of Capital One’s no hassle rewards program.

Capital One’s miles rewards program works more like a statement credit, unlike the traditional miles programs you may be used to. It’s easy to redeem your miles for travel – just book your ticket with any agency or website, and you will receive the cash equivalent back in the form of a statement credit. Each mile is worth $0.01. Each 100 miles is worth $1.00. So, if your ticket costs $150, you need 15,000 miles.

Capital One’s no hassle rewards program also lets you redeem your miles for gift cards and cash as well, making it one of the most versatile programs on the market.

Some business credit cards don’t report on your credit report, but this card reports to all 3 credit agencies, so you have the opportunity to build credit for your business with responsible use.

There is a $59 annual fee, which is waived for the first year. However, businesses with high expenses should reap the benefits fairly quickly.

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