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2021 Review: Capital One Spark Miles for Business – Earn and Transfer Miles to Save Money

Updated Sep 17, 2021 | Published Aug 26, 20218 min read

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Capital One Spark Miles for Business

Min Credit Level Good
Annual Fee $0 intro for first year; $95 after that
Regular APR 20.99% (Variable)
At a glance

The Capital One Spark Miles for Business earns 2X miles per dollar for most purchases, plus greater rewards for hotels and rental cars booked through Capital One Travel. And you could increase the value of your miles by transferring to Capital One’s travel partners.

Credit Card Insider receives compensation from advertisers whose products may be mentioned on this page. Advertiser relationships do not affect card evaluations. Advertising partners do not edit or endorse our editorial content. Content is accurate to the best of our knowledge when it's published. Learn more in our Editorial Guidelines.

The information related to Capital One Spark Miles Select for Business, The Blue Business® Plus Credit Card from American Express, and American Express® Business Gold Card have been collected by Credit Card Insider and have not been reviewed or provided by the issuer or provider of these products.

Our Rating: 5 Out of 5 Stars

We give the Capital One Spark Miles for Business 5 out of 5 Stars. Its most prominent feature is its flat rate for most purchases. But you can earn even more rewards for booking some travel with Capital One, and get more for your dollar by taking advantage of mile transfers.

Why We Like It

  • 2X miles per dollar for most purchases
  • 5X miles per dollar for hotel and car rentals with Capital One
  • 50,000 bonus miles for spending $4,500 in the first 3 months
  • Mile transfers to partner airlines
  • Global Entry/TSA PreCheck application fee credit
  • No foreign transaction fee

Why It Could Be Better

  • Annual fee (after the first year)
  • No intro APR offer
  • Few benefits

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Capital One Spark Miles for Business
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  • Min. credit levelGood
  • Annual Fee$0 intro for first year; $95 after that
  • Purchase APR20.99% (Variable)

The information related to Capital One Spark Miles for Business has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.

The Spark Miles for Business has a few impressive features, and gives you a year before you have to worry about its annual fee.

2X miles per dollar is a good rate, and its rewards are bolstered if you manage to book your hotel or rental car through Capital One. And, you’re able to transfer your miles to Capital One’s airline partners to potentially increase their mile value.

You could earn a solid return on your spending with this card, plus save yourself some time when moving through airport security by taking advantage of the Global Entry/TSA PreCheck application fee credit. You also won’t be concerned with paying extra for purchases made outside the U.S., as there isn’t a foreign transaction fee.

If you’re a small business owner looking for a simple and lucrative card to make business trips a bit easier, this could be it.

Insider tip

The Capital One Spark Miles Select for Business (Review) is a similar option; it doesn’t require an annual fee but comes with a slightly lower rewards rate (1.5X miles per dollar).

Insider Advice: Getting the Most Out of Your Card

  • Use it for everything: The Spark Miles earns a strong 2X miles per dollar for most purchases, making it relatively easy to rake in the miles for every business expense.
  • Check Capital One Travel for hotels and rental cars: While 2X miles is impressive, 5X miles is even better. While booking through one specific travel service might not be ideal every time, it’s worth checking out when planning a trip.
  • Transfer your miles: Mile transfers can be a great way to increase how much your miles are worth. Capital One has a pretty impressive selection of travel partners to take advantage of. With most partners, miles will transfer at a 2:1.5 rate; not quite as good as some other issuers, like Amex and Chase, where transfers are usually 1:1.
  • Apply for Global Entry or TSA PreCheck: Included with the card is an application fee credit for either Global Entry or TSA PreCheck. Both programs will move you through airport security much faster, but Global Entry includes TSA PreCheck and let’s you skip immigration lines when returning to the United States.
  • Keep an eye on your credit utilization: The Spark Miles will report positive and negative activity to both the consumer and business credit bureaus. This means your card spending will appear on your personal credit reports, affecting your overall credit utilization. If you carry a high card balance, it could have repercussions for your credit scores. Most business cards, from other issuers, only report negative activity to the consumer bureaus, so they don’t usually affect your utilization.
  • Pair it with another rewards card: If you pair the Spark Miles with another credit card that earns across a wide selection of bonus categories, you could maximize your rewards. Use the other card where it would earn the most, and the Spark Miles for everything else. Check out the best business credit cards for earning rewards.
  • Share the wealth: You can give your employees their own cards at no additional charge, and they’ll earn the same spending rewards. You can monitor their spending and set limits too.

The Rewards

Earning

Spending Rewards
  • 5X miles per dollar for:
    • Hotels booked through Capital One Travel
    • Rental cars booked through Capital One Travel
  • 2X miles per dollar for every other purchase
Introductory Bonus
  • 50,000 bonus miles for spending $4,500 in the first 3 months
Quick Guide

Spark Miles vs. Spark Miles Select: Which is better for your business?

The table below compares the 2X miles per dollar from the Spark Miles card with the 1.5X miles from the Spark Miles Select, showing your cash back equivalent at a rate of 1 cent per mile.

If you’re spending less than $19,000 annually, the Spark Miles Select will be the more lucrative option. If your business spends more than $19,000, the Spark Miles will be the more rewarding choice, even after accounting for the annual fee.

Amount Spent Annually Cash Back Earned (Spark Miles) Cash Back Earned (Spark Miles Select)
$2,500 -$45 $37.50
$4,750 $0 $71.25
$10,000 $105 $150
$19,000 $285 $285
$20,000 $305 $300
$30,000 $505 $450

Redeeming

You can redeem your miles in a variety of ways:

  • Travel expenses made within the past 90 days
  • Mile transfers (best value)
  • Statement credits
  • Gift cards

Redeeming for travel expenses will net you 1 cent per mile, but you could get an even higher per-mile value by transferring to one of Capital One’s travel partners.

Redeeming for statement credits or gift cards will likely not provide 1 cent per mile (depending on the gift card).

Quick Guide

Capital One Travel Partners

Airline Partners

  • Aeromexico Club Premier
  • Air Canada Aeroplan
  • Air France KLM Flying Blue
  • Alitalia MilleMiglia
  • Avianca LifeMiles
  • British Airways Executive Club
  • Cathay Pacific Asia Miles
  • Emirates Skywards
  • Etihad Guest
  • EVA Air Infinity MileageLands
  • Finnair Plus
  • JetBlue TrueBlue
  • Qantas Frequent Flyer
  • Singapore Airlines KrisFlyer
  • TAP Portugal Miles&Go
  • Turkish Airlines Miles&Smiles
Hotel Partners

  • Wyndham Rewards
  • ALL Accor Live Limitless
  • Choice Privileges

The Benefits

The perks offered by the Spark Miles are perhaps its weakest facet. It’s typical to see a handful of stronger benefits with a travel card asking an annual fee, at the very least a few better travel protections, and your card may come with some of those. Check the Guide to Benefits that’s issued with your card to be sure. Regardless, you could still get value from the Global Entry/TSA PreCheck application fee credit as well as the few protections listed here.

  • Global Entry/TSA PreCheck application fee credit: Every four years receive up to $100 for the Global Entry application fee or $85 for the TSA PreCheck application fee.
  • Transaction details: See merchant information including business locations and logos of the companies you’re purchasing from.
  • Purchase records: Quickly access and download your purchase records.
  • Free employee cards: Issue employees their own cards with spend monitoring capabilities for no additional cost. You’ll earn miles from their spending, just like the primary card.
  • Capital One digital assistant: Eno, the Capital One digital assistant, will monitor your account and send alerts if anything suspicious occurs. You can also ask questions for instant answers, 24/7.
  • Extended Warranty: Extend an eligible purchase’s manufacturer’s warranty if it lasts for three years or less.
  • Purchase Protection: Purchases you’ve made within 90 days are covered against damage and theft.
  • Rental Collision Coverage: Decline the rental provider’s insurance offer and charge the full amount to your card to be covered against damage or theft.
  • Travel and Roadside Assistance: Gain access to a number of emergency services including ticket replacement, legal or medical referrals, or roadside assistance.
  • Virtual card numbers: Make online purchases more safely by using a virtual card number that’s different from your physical card.

The Terms & Fees

Purchase APR Balance Transfer APR Cash Advance APR
20.99% (Variable) 20.99% (Variable) 26.99% (Variable)
Annual Fee Foreign Transaction Fee
$0 intro for first year; $95 after that None
Balance Transfer Fee Cash Advance Fee
$0 at this Transfer APR 3% of the amount of the cash advance, but not less than $10
Penalty APR Late Fee Returned Payment Fee
29.40% (Variable) Up to $39 None

The Bottom Line

The Capital One Spark Miles for Business could earn you a good number of miles to use for your business trips, and by utilizing mile transfers, it could be pretty rewarding.

2X miles per dollar is a good rate to be sure, and the 5X for hotels and rental cars is a nice option to have. But the benefits are pretty lackluster for a credit card with an annual fee, and they don’t offer much more than what the Capital One Spark Miles Select for Business (Review) comes with.

The rewards offered by the Spark Miles Select are only slightly lower than what the Spark Miles offers (1.5X miles compared to 2X miles). As shown above, if your business spends less than $19,000 annually, the Spark Miles Select would be more rewarding after accounting for the Spark Miles’ annual fee. But if your business spends more than that, the Spark Miles will come out on top.

Otherwise, there are certainly worse cards to choose than the Spark Miles for Business.

How Do I Apply for the Spark Miles for Business?

Follow the link below to be directed to the credit card issuer’s website. You can securely fill out an application, and you’ll typically hear back instantly regarding your approval or denial.

What Credit Scores Do I Need To Qualify for the Spark Miles for Business?

It’s recommended that you have good credit before applying for the Spark Miles for Business.

To qualify for good credit, your credit scores will need to be at least 670–739 for FICO scores and/or 700–749 for VantageScores.

But keep in mind, credit card issuers take more than just credit scores into account when deciding creditworthiness. Additional information like income and monthly mortgage or rent payments factor into the decision.

That means if your credit scores are lower than what’s recommended you could still be approved. However, it also means even if your scores are high, you might be denied.

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Capital One Spark Miles for Business
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  • Min. credit levelGood
  • Annual Fee$0 intro for first year; $95 after that
  • Purchase APR20.99% (Variable)

The information related to Capital One Spark Miles for Business has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.

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Alternatives to the Capital One Spark Miles for Business

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  • Min. credit levelGood
  • Annual Fee$0
  • Purchase APR0% intro on purchases for 9 months, then 14.49% - 22.49% Variable
Why We Picked It

The Capital One Spark Miles Select for Business (Review) is the no annual fee version of the Spark Miles. It has a lower rewards rate but also includes a 0% APR offer.

If you need to finance a large purchase, this version of the card could save you money from interest charges. And though it has a lower rewards rate, it could still be pretty rewarding. If your business spends less than $19,000 annually on general expenses, this would be the card to choose. You’ll lose the Global Entry/TSA PreCheck credit, however.

Rewards
Spending Rewards
  • 5X miles per dollar for:
    • Hotels booked through Capital One Travel
    • Rental cars booked through Capital One Travel
  • 1.5X miles per dollar for every other purchase
Introductory Bonus
  • 20,000 miles for spending $3,000 in the first 3 months after account opening
Key Features
  • Transaction details: See merchant information including business locations and logos of the company you’re purchasing from.
  • Purchase records: Quickly access and download your purchase records.
  • Free employee cards: Issue employees their own cards with spend monitoring capabilities for no additional cost.
  • Capital One digital assistant: Eno, the Capital One digital assistant, will monitor your account and send alerts if anything suspicious occurs. You can also ask questions for instant answers, 24/7.
  • Virtual card numbers: Make online purchases more safely by using a virtual card number that’s separate from your physical card.
  • Travel protections: Rental Collision Coverage and Travel and Roadside Assistance
  • Shopping protections: Extended Warranty and Purchase Protection
  • Purchase APR: 0% for 9 months, then 14.49% - 22.49% Variable
  • No foreign transaction fee
  • Annual fee: $0

The information related to Capital One Spark Miles Select for Business has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.

  • Min. credit levelGood
  • Annual FeeNo annual fee
  • Purchase APR0% on purchases for 12 months from date of account opening, then 13.24% - 19.24% Variable

Rates & Fees

Why We Picked It

The Blue Business® Plus Credit Card from American Express (Review) earns a solid 2X points per dollar for every purchase, without asking for an annual fee.

Not only does it match the Spark Miles’ rewards, but it too features a lucrative point transfer option to American Express’ travel partners. Capital One and American Express have largely the same partners, but Amex offers two large hotel partners, Hilton Honors and Marriot Bonvoy, and adds Delta Air Lines.

The BBP comes with a $50,000 annual spending limit before the rewards fall to 1X. So if your business is spending more than that, the BBP wouldn’t be the best choice. The Spark Miles has no such limit.

If you’re spending more than $50,000, choosing the Spark Miles and perhaps pairing it with a higher-tiered business card, like the American Express® Business Gold Card (Review), would be a better play. If you don’t spend that much, the BBP could prove more rewarding due to the lack of an annual fee.

The benefits are pretty equal to what the Spark Miles offers, but they don’t include a Global Entry/TSA PreCheck application fee credit. What you will get is access to the Amex Offers shopping portal, as well as the Lowest Hotel Rates Guaranteed perk.

Enrollment required for select benefits; terms and limitations apply.

Rewards
Spending Rewards
  • 2X Membership Rewards points per dollar spent on the first $50,000 in purchases each year
  • 1X Membership Rewards point per dollar spent on all other purchases
Introductory Bonus
  • 15,000 bonus points for spending $3,000 in the first 3 months
Key Features
  • Amex Offers: Earn extra points and find discounts with a changing selection of merchants.
  • Point transfer: To a variety of hotel and airline partners.
  • Connect to QuickBooks: Enroll to automatically tag your card transactions with your QuickBooks categories.
  • Shopping and travel protections: Extended Warranty, Purchase Protection, Car Rental Loss and Damage Insurance, Global Assist Hotline
  • Purchase APR: 0% for 12 months from date of account opening, then 13.24% - 19.24% Variable
  • Annual fee: No annual fee

Enrollment required for select benefits; terms and limitations apply.

The Blue Business® Plus Credit Card from American Express (Rates & Fees)

The information related to The Blue Business® Plus Credit Card from American Express has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.

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  • Min. credit levelExcellent
  • Annual Fee$0.00
  • Purchase APR0% for 9 billing cycles, then 12.24% - 22.24%
  • Earn 30,000 bonus points when you make at least $3,000 in net purchases within 90 days of your account opening which can be redeemed for a $300 statement credit towards travel purchases.
  • Earn unlimited 1.5 points for every $1 spent on all purchases everywhere, every time-no matter how much you spend. Points don’t expire.
  • Earn 3 points per every dollar spent on travel purchases (car, hotel, airline) booked through the Bank of America® Travel Center.
  • No annual fee and no international transaction fees.
  • 0% Introductory APR on purchases for your first 9 billing cycles.
  • Redeem points for travel with no blackout dates, cash back or gift cards.
  • Get 75% more points on the base earn of every purchase you make when you’re a Preferred Rewards for Business Platinum Honors tier member. That means you will earn 2.62 points for every $1 you spend and 4.12 points per every $1 you spend at the Bank of America® Travel Center.
Why We Picked It

The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card doesn’t have an annual fee and offers a flat 1.5X points for most purchases. However, you could double that rate by booking travel through Bank of America.

While its base rate is slightly lower than what the Spark Miles offers, you can boost your points with the Preferred Rewards for Business program. Depending on your Bank of America business bank account balances and Merrill investment account balances, you could earn up to a 75% point bonus.

This card comes across as slightly more restrictive than the Spark Miles. You really need to focus on utilizing Bank of America’s services to get the most out of it. As for the benefits, there isn’t a Global Entry/TSA PreCheck application fee credit, but you will get more coverage while traveling.

If you already work with Bank of America, or want more extensive protections while traveling, this could be a lucrative option. Redeem your points for past travel and dining expenses (made within 12 months) to ensure you’ll get 1 cent per point. There is no point transfer feature.

Rewards
Spending Rewards
  • 3X points per dollar on travel (airline, hotel, car) booked through the Bank of America Travel Center
  • 1.5X points per dollar for every other purchase
Introductory Bonus
  • 30,000 bonus points for spending $3,000 within 90 days of account opening
Key Features
  • Preferred Rewards for Business: Eligible cardholders can get a 25%–75% point bonus depending on your business bank account and Merrill investment account balances.
  • Travel protections: Travel Accident Insurance, Lost Luggage Reimbursement, Trip Cancellation Coverage, Trip Delay Reimbursement
  • Purchase APR: 0% for 9 billing cycles, then 12.24% - 22.24%
  • No foreign transaction fee
  • Annual fee: $0.00
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  • Min. credit levelExcellent
  • Annual Fee$95
  • Purchase APR15.99%-20.99% Variable
  • Earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That’s $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®
  • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
  • With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
  • With Zero Liability you won’t be held responsible for unauthorized charges made with your card or account information.
  • Redeem points for cash back, gift cards, travel and more – your points don’t expire as long as your account is open
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards®
  • Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
  • $95 Annual Fee
Why We Picked It

The Ink Business Preferred® Credit Card (Review) is a flexible and rewarding card with good point transfer and redemption options.

You’ll earn 3X points per dollar for a few different types of purchases, including a general travel category. If you travel frequently for business, this would clearly be more rewarding than the Spark Miles.

And like the Spark Miles, you can transfer your points to Chase’s hotel and airline partners. The Ink Business Preferred has a 1:1 transfer rate for every partner, and you could end up finding a better value than 1 cent given the right deal. There’s also a 25% redemption bonus if you redeem for travel through Chase Ultimate Rewards, to fall back on. It’s a pretty versatile card, and it offers more travel and shopping protections.

Rewards
Spending Rewards
  • 5X Ultimate Rewards points per dollar on Lyft rides (through March 2022)
  • 3X Ultimate Rewards points per dollar on the first $150,000 spent per year on:
    • Travel
    • Shipping
    • Internet, cable, and phone services
    • Advertising purchases made with social media sites and search engines
  • 1X Ultimate Rewards point per dollar on all other purchases
Introductory Bonus
  • 100,000 bonus points for spending $15,000 in the first 3 months after account opening
Key Features
  • 25% redemption bonus: Get 25% more value for your points (1.25 cents per point) when you redeem for travel through Chase Ultimate Rewards.
  • Point transfer: Transfer points at a 1:1 rate to a variety of airline and hotel loyalty programs, including British Airways, United, Marriott Bonvoy, and Hyatt.
  • Cell Phone Protection: Pay your monthly cell phone bill with your Ink Business Preferred for coverage against theft and damage, up to $600 per claim with a $100 deductible.
  • Travel protections: Trip Cancellation/Trip Interruption Insurance, Auto Rental Collision Damage Waiver, Travel and Emergency Assistance Services
  • Shopping protections: Purchase Protection, Extended Warranty Protection
  • No foreign transaction fee
  • Annual fee: $95
Apply Now

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Capital One Spark Miles for Business
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  • Min. credit levelGood
  • Annual Fee$0 intro for first year; $95 after that
  • Purchase APR20.99% (Variable)

The information related to Capital One Spark Miles for Business has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.

Do you have the Capital One Spark Miles for Business? How lucrative has it been for you? Let us know how you like it in the comments below!

If you're not feeling the Spark Miles, take a look at some other top choices. Best Business Credit Cards for Travel

For rates and fees of The Blue Business® Plus Credit Card from American Express, please click here.

For rates and fees of the American Express® Business Gold Card, please click here.

Written by

Evan Zimmer

Evan graduated from SUNY Oswego with a degree in journalism and creative writing. In his professional writing career, he strives for precision and comprehension in his work. He’s written news articles, blog posts, and copy, working across a slew of different mediums. With in-depth research and great care for accuracy and detail, he now works to bring you the most up-to-date credit information.

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