Editor’s Note: This is a periodic article that is updated regularly with new information and offers.
Capital One Spark Miles Select for Business Overview
The Capital One Spark Miles Select for Business is a no-annual-fee business credit card that earns 1.5 miles for every $1 you spend. You can transfer miles to more than 15 airline and hotel partners, or use them to offset travel expenses at a rate of 1 cent per mile. Card Rating*: ⭐⭐⭐
*Card Rating Based on the opinions of TPG editors and are not influenced by card issuers.
The Capital One Spark Miles Select for Business card is Small Business Owners Who wants a card? No annual feeNot only is this a great card for the budget-conscious, it’s also simple to use since you can earn unlimited 1.5 miles per dollar spent anywhere. It also has Respected Credit score 670 in total.
When you redeem Capital One miles for statement credits to pay for travel, each mile is worth at least 1 cent but can be worth up to 1.85 cents (based on TPG Valuation) if you transfer them to the right partner.
Here are some things to know about this card.
televisionThe information for the Capital One Spark Miles Select card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Spark Miles Select Welcome Offer
Currently, the Spark Miles Select card offers a sign-up bonus of 50,000 bonus miles after spending $4,500 in the first three months of account opening.
if you Redeem miles for travel expenses of a fixed value (1 cent each), the prize is worth $500. Transfer Capital One Miles Travel Partner Increase TPG’s Valuation You can earn up to 1.85 cents per mile, which increases the award value to $925.
related: Here are the best credit card welcome offers for June
Spark Miles Select Offers
The Spark Miles Select card has fewer benefits compared to other credit cards travel rewards cards, But it does have some Travel Protection If you want more perks, you’ll have to look elsewhere, but for a no annual fee card, there’s still a lot of value here.
This card also has No foreign exchange transaction feeswhich is unusual for a no-annual-fee card.
Earn miles on Spark Miles Select
The Spark Miles Select card offers unlimited 1.5 miles per $1 spent. Consider TPG’s Valuation At 1.85 cents per mile, you can earn 2.8% back on your everyday purchases.
Since many business cards only earn rewards in common business categories like advertising, transportation, travel, and office supplies, this card is great for earning Transferable Miles However, if the majority of your business expenses do fall into one of these categories, you will need to look at one of the other categories. Best Business Credit Cards.
related: Who is eligible for a business credit card?
Redeem miles on Spark Miles Select
The easiest way to redeem Capital One miles is to exchange them for statement credits on eligible travel purchases at a rate of 1 cent per mile.
according to Capital One, eligible travel purchases This includes purchases from airlines, hotels, rail companies, car rental companies, limousine services, bus companies, cruise lines, taxi companies, travel agencies, and timeshare companies.
These fixed-value redemption options are useful, but they’re almost always worth less than your transfer options.
Transferring miles on Spark Miles Select
With Spark Miles Select, you can also choose TPG Editor Emily Thompson and Transfer your Capital One miles 15+ airline and hotel partners. This ability to earn and redeem Transferable Points For a travel card with no annual fee, this is great value.
You can get great value by transferring your miles to the following programs Air France KLM Flying Blue, Avianca LifeMiles and British Airways Executive Club.
For more ideas on how to use your miles, check out our guide on how to book awards using Capital One miles Star Alliance, One World and SkyTeam Airlines.
related: Redeem Capital One miles for maximum value
Which cards compete with Spark Miles Select?
If you want to earn different rewards or spend enough to justify a card with an annual fee, another card might be a better fit for you.
- If you want to earn more Miles when you shop: this Capital One Spark Miles Business Plan You earn 2 miles for every $1 you spend, so your spending returns are higher. However, make sure you earn enough to justify its $95 annual fee (waived for the first year, see Rates and Fees) application. For more details, please see our Full review of Capital One Spark Miles for Business.
- If you want to earn Membership Rewards points: American Express Blue Business® Plus Credit Card No annual fee required (see Rates and Fees), earn 2 points per $1 spent (up to $50,000 per year, then 1 point per $1 spent). For more information, see our Full Review of the Amex Blue Business Plus Card.
- If you want to earn Chase Ultimate Rewards points: this Ink Business Unlimited® Credit Card There’s no annual fee, and you’ll earn 1.5 points per dollar spent. If you also have a card that earns transferable Chase Ultimate Rewards, you can transfer those points to any of Chase’s travel partners. For more details, check out our A comprehensive review of Ink Business Unlimited.
For more options, see our list Best Business Credit Cards and Best Capital One Credit Cards.
related: Best Business and Personal Credit Card Packages
Is Spark Miles Select worth it?
Spark Miles Select allows small business owners to earn rewards at reasonable rates without having to worry about justifying an annual fee. However, if your spending on your business card is high enough to justify paying the annual fee, you may be better off with a card that offers higher earning potential.
related: Step-by-step instructions: How to apply for a Capital One business credit card
in conclusion
Capital One Spark Miles Select for Business is a unique card that allows business owners to Get transferable rewards No annual fee. That alone makes this card worthwhile for business owners who don’t have enough spending to justify paying an annual fee, and this card offers a slightly higher earning rate.
But before you put that money in your wallet, check out some of our other Favorite Business Card And choose one that fits your spending habits and goals.
Further reading:
- Best Business Credit Cards
- Best no annual fee business credit cards
- Who is eligible for a business credit card?
- 9 Reasons to Apply for a Business Credit Card
- How to Apply for a Capital One Business Credit Card
To learn about the rates and fees for the Blue Business Plus card, click here.
For the Capital One products listed on this page, some of the benefits listed above are provided by Visa® or Mastercard® and may vary by product. Please refer to the respective Benefit Guide for details, as terms and exclusions apply.
