Review of the Capital One Spark Miles Select and Spark Miles for Business Credit Cards

Brendan Harkness

Brendan Harkness | Reviews

Jul 29, 2016 | Updated Aug 10, 2016

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Capital One offers this pair of travel rewards business cards, the Capital One Spark® Miles Select® for Business and the Capital One® Spark® Miles for Business.

These are both designed for small business owners with excellent credit, who spend quite a bit on travel each year. You’ll earn miles for every purchase you make, and you can redeem those miles to pay for your travel expenses. Both cards come with a nice set of extra benefits as well, which are sure to make traveling cheaper and more comfortable.

Capital One also offers a trio of business cards for non-travelers, and you can check them out in our Review of the Capital One Spark Business Credit Cards.

But if you’re a frequent traveler one of these cards will probably be more valuable. Keep reading to learn more and find out which one is right for you!

Capital One® Spark® Miles Select for Business

For People with
Excellent Credit

  • Annual Fee: $0
  • Interest Rate: 13.24%, 17.24% or 21.24% *Variable
Quick Card Facts
  • Earn 1.5 miles per dollar spent on every purchase, every day
  • Plus, a one-time bonus of 20,000 miles once you spend $3,000 on purchases within the first 3 months
  • Miles don't expire, and there are no categories to limit where or what you buy
  • Save on interest with 0% intro APR on purchases until May 2016; 12.9%-20.9% variable APR after that
  • Pay no annual fee or foreign transaction fees
  • Get online Quarterly and Year-End Summaries
  • There's no limit to the amount of miles you can earn and miles don't expire
  • Fly on any airline, anytime, with no blackout dates or seat restrictions

Capital One® Spark® Miles for Business

For People with
Excellent Credit

  • Annual Fee: $0 for the first year, then $59
  • Interest Rate: 17.24%% *Variable
Quick Card Facts
  • Earn 2 miles per dollar spent on every purchase, every day
  • Plus, a one-time bonus of 50,000 miles once you spend $4,500 on purchases within the first 3 months
  • Miles don't expire, and there are no categories to limit where or what you buy
  • $0 intro annual fee for the first year; $59 after that
  • There's no limit to the amount of miles you can earn and miles don't expire
  • Redeem miles for travel, cash back, gift cards, and more
  • No foreign transaction fees and fly on any airline, anytime, with no blackout dates or seat restrictions

The Rewards

The Spark Miles card provides the better rewards, though you’ll end up paying a bit more for them.

Spark Miles Select

  • 1.5X miles per dollar on all purchases
  • 20,000 bonus miles for spending $3,000 on purchases in 3 months

Spark Miles

  • 2X miles per dollar on all purchases
  • 50,000 bonus miles for spending $4,500 on purchases in 3 months

You can redeem your miles to pay for travel purchases made in the last 90 days, or to book new travel through capitalone.com. Every mile is worth 1 cent.

Travel purchases generally include:

airfare hotels buses taxis car rentals
rail lines limo services cruise lines travel agents time shares

Take note that while you can use these cards to make any kind of purchases, you can only redeem your miles to pay for travel purchases.

The Benefits

Capital One provides the same set of extra benefits for both of these cards.

Be sure to pay attention to these when you’re traveling, because some of them could make your trips much more enjoyable. Especially the features listed in the Perks section, like the Luxury Hotels and Movie Discounts.  You can also use the Concierge Service as much as you’d like, for help finding a place to eat or any non-emergency assistance you might need on the road or at home.

Perks

  • 24/7 Visa Concierge Service

    Call for non-emergency help with a variety of tasks, like travel plans and making reservations.

  • Visa® SavingsEdge

    Save up to 15% at www.visasavingsedge.com

  • Luxury Hotels

    Get benefits at over 900 hotel properties.

  • Movie Discounts

    Get discounts at fandango.com/visasignature

  • Fine Wine & Food

    Special dining and wine experiences.

  • Sports Experiences

    Access to popular sporting events and premiere golf benefits at Pebble Beach Resorts®.

  • Shopping Discounts

    Discounts and special offers at premium retailers, from jewelry to apparel and electronics.

  • No Blackout Dates or Seat Restrictions

    On award redemptions.

Account Management

  • Account Alerts

    Get alerts about account information on your phone.

  • Mobile App

    Manage your account from your phone or tablet.

  • Financial Tools & Tips

    Educate yourself on credit with Capital One resources.

  • Downloadable Purchase Records

    Easily download purchase records in Quicken®, Quickbooks™, or Excel® formats.

  • Quarterly and Year-End Summary

    An itemized report of your spending to simplify tax time and accounting.

  • Free Employee Cards

    No fee for extra cards, which will earn you more rewards more quickly.

Security

  • Fraud Protection

    You will not be held responsible for unauthorized use of your card.

Shopping

  • Purchase Protection

    Provides coverage against lost or stolen items within 90 days from the date of purchase.

  • Extended Warranty Protection

    Extends a manufacturer’s warranty by up to 1 year, for warranties of 3 years or less.

  • Price Protection

    If you find an item you purchased at a lower price price, you can be reimbursed the difference.

Travel

  • Roadside Assistance Hotline

    Assistance with services such as towing, changing a flat, or boosting a battery in case of emergency.

  • Travel Assistance Services

    Provides help with travel emergencies, including emergency card replacement or cash advances.

  • Travel Accident Insurance

    Covers you and your family in the case of physical accidents.

  • Auto Rental Collision Damage Waiver

    Provides coverage against theft and collision, as long as the car rental company’s own insurance is declined.

  • Lost Luggage Reimbursement

    If checked or carry-on bags are lost or damaged, provides reimbursement up to $3,000 per passenger.

The Costs & Fees

Card Annual Fee Intro APR for Purchases and Balance Transfers Regular APR for Purchases and Balance Transfers Cash Advance APR Foreign Transaction Fee
Spark Miles Select $0  0% for 9 months 13.24%, 17.24% or 21.24% *Variable 23.24% *Variable 0%
Spark Miles $0 for the first year, then $59 Not Available 17.24%% *Variable 23.24% *Variable 0%
Card Penalty APR Late Fee Returned Payment Fee
Spark Miles Select 29.65% *Variable Up to $39 See Terms
Spark Miles 29.65% *Variable Up to $39 See Terms

As you can see, there are a few simple differences between these cards. Neither of them charges a fee for foreign transactions, making them both good choices to bring outside the country.

The less-rewarding Spark Miles Select has no annual fee, and you’ll also get a 0% intro APR for purchases for 9 months. After that, your regular APR may be a bit lower as well, depending on your credit and financial situation.

The Spark Miles has an annual fee after the first year, though it’s on the small end for travel rewards cards. You won’t get an intro APR with this card, but you can avoid interest charges simply by paying off your balance in full each month (this applies to all credit cards).

Take note that neither of these cards allow balance transfers.

The Bottom Line: 4 Out Of 5 Stars

The Spark Miles Select for Business and Spark Miles for Business by Capital One are good travel rewards cards for small business owners. Since they offer the same extra benefits, you only need to consider their rewards and costs if you’re trying to pick between the two.

Here’s a quick breakdown of what makes them different:

  • The Spark Miles Select offers 1.5 miles per dollar and 20,000 bonus miles, with a 0% intro APR and no annual fee
  • The Spark Miles offers 2 miles per dollar and 50,000 bonus miles, with no intro APR and a $59 annual fee after the first year

So take a look at your spending habits. Do you only travel a few times per year, not spending very much? If so, the Spark Miles Select would probably be the card for you.

Or do you make quite a few trips each year, spending enough on the travel expenses described above to make that $59 fee worth it? If so, you should probably go with the Spark Miles card.

How much would you need to spend to pay for that fee? Well, at 2 miles per dollar, you’ll need to spend $2,950 to earn 5900 miles, which will cover the fee. If you know that you’ll spend at least that much with the card, it should be free to use as long as you avoid interest. And to top it off, those 50,000 bonus miles will pay for over 8 years of annual fees all on their own.

We gave the Spark Miles and Spark Miles Select cards 4 out of 5 Stars because they’re good options for business owners who travel, either infrequently or quite a bit. They let you earn miles on every purchase you make, rather than certain categories, making them more flexible. The extra benefits can save you even more money, and make your trips more enjoyable with discounts and room upgrades at hotels. And they are quite cheap to use: the Spark Miles Select is basically free, and the Spark Miles has a very low fee.

The only real downsides to these cards are that you can only redeem miles to pay for travel expenses, rather than any kind of purchases, and they require your credit to be in tip-top shape.

Want to apply for or learn more about one of these cards? Just click the card’s name below.

Capital One® Spark® Miles Select for Business

For People with
Excellent Credit

  • Annual Fee: $0
  • Interest Rate: 13.24%, 17.24% or 21.24% *Variable
Quick Card Facts
  • Earn 1.5 miles per dollar spent on every purchase, every day
  • Plus, a one-time bonus of 20,000 miles once you spend $3,000 on purchases within the first 3 months
  • Miles don't expire, and there are no categories to limit where or what you buy
  • Save on interest with 0% intro APR on purchases until May 2016; 12.9%-20.9% variable APR after that
  • Pay no annual fee or foreign transaction fees
  • Get online Quarterly and Year-End Summaries
  • There's no limit to the amount of miles you can earn and miles don't expire
  • Fly on any airline, anytime, with no blackout dates or seat restrictions

Capital One® Spark® Miles for Business

For People with
Excellent Credit

  • Annual Fee: $0 for the first year, then $59
  • Interest Rate: 17.24%% *Variable
Quick Card Facts
  • Earn 2 miles per dollar spent on every purchase, every day
  • Plus, a one-time bonus of 50,000 miles once you spend $4,500 on purchases within the first 3 months
  • Miles don't expire, and there are no categories to limit where or what you buy
  • $0 intro annual fee for the first year; $59 after that
  • There's no limit to the amount of miles you can earn and miles don't expire
  • Redeem miles for travel, cash back, gift cards, and more
  • No foreign transaction fees and fly on any airline, anytime, with no blackout dates or seat restrictions
Not the cards for you? Click here to learn more about Travel Reward Credit Cards and see our picks for the best cards!

If you use one of these credit cards, how do you like it? Leave your own review of the Spark Miles Select for Business or the Spark Miles for Business, we’d love to hear from you!

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