Capital One Spark Miles for Business Review [2024]: An Affordable Card with Travel Perks

CREDIT CARDS - BUSINESS CREDIT CARDS
Earn double miles for every purchase and redeem for travel with Capital One or partner airlines with the Capital One Spark Miles for Business.
Updated Feb. 20, 2024
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The Capital One Spark Miles for Business allows you to earn double miles on every purchase, and rewards points can be redeemed for travel with Capital One or airline partners. You also get other travel-related perks, including statement credits for TSA PreCheck and Global Entry application fees and travel insurance protections.

While you don’t get all the travel perks some of the more-expensive credit cards offer, the Spark Miles for Business is a great deal for the price.

Low Annual Fee with Plenty of Benefits

Capital One Spark Miles for Business
4.9

Capital One Spark Miles for Business

Current Offer

Earn 50,000 miles after spending $4,500 in the first 3 months

Annual Fee

$95 (waived first year)

Rewards Rate

5X miles on rental cars and hotels booked through Capital One Travel, and 2X miles on every purchase, every day

Benefits and Drawbacks
Card Details

In this Capital One Spark Miles for Business review

Who should get the Capital One Spark Miles for Business?

Are you a business owner who wants to earn rewards you can redeem for travel without a hassle? The Capital One Spark Miles for Business may be the perfect rewards credit card for your situation. This card is ideal if you don’t want to worry about rotating rewards categories, have multiple employees to give cards to, and book travel regularly — but maybe not quite often enough to need a card that provides unlimited airline lounge access for a hefty annual fee.

Not only is the rewards program easy to understand with the Capital One Spark Miles for Business, but the card also offers other perks to make your life more convenient, such as year-end spending summaries, the ability to download purchase records in multiple formats, and even the chance to choose your own payment date.

When you want a business travel credit card that helps you manage cash flow for your company, the Spark Miles for Business should be in your wallet.

Card basics

Card type Business
Credit card issuer Capital One
Credit card network Mastercard
Annual fee $95 (waived first year)
Welcome offer Earn 50,000 miles after spending $4,500 in the first 3 months
Reward rate 5X miles on rental cars and hotels booked through Capital One Travel, and 2X miles on every purchase, every day
Recommended credit score Excellent
Foreign transaction fee None

Capital One Spark Miles for Business benefits and perks

  • Welcome offer: Earn 50,000 miles after spending $4,500 in the first 3 months of account opening. That’s worth up to $500 in travel.
  • Simple yet generous rewards program: Earn 5X miles on rental cars and hotels booked through Capital One Travel, and 2X miles on every purchase, every day, with no minimum required to redeem.
  • Credits for purchases that make traveling faster and easier: Receive up to a $100 statement credit for TSA PreCheck or Global Entry application fees.
  • Capital One Lounge access: Enjoy two free visits per year to Capital One Lounges, plus discounted pricing for additional visits and guests at $45 per person per visit.
  • Travel protection: The Spark Miles for Business credit card offers primary car rental collision coverage when you're renting for business purposes and pay with your card, along with secondary when renting for personal reasons. It also offers travel and emergency assistance services.
  • Extended warranty protection: The Spark Miles for Business offers extended warranty protection that doubles the length of the original manufacturer’s warranties of up to three years or less on eligible purchases.
  • No foreign transaction fees: You won't have to deal with foreign transaction fees on purchases made outside of the United States when you use your Capital One Spark Miles for Business card.
  • Free employee cards: You can add employees as authorized users and set spending limits for their cards.
  • Accounting and cash flow help: You can pick the day you pay, and you’ll also be able to download purchase records quickly and easily in multiple formats, including Quicken, Quickbooks, and Excel — and you'll also get an annual year-end spending summary.
  • Capital One Entertainment: Receive special access to music, sporting, and dining events through the Capital One Entertainment portal. You can use your rewards, your card, or a combination of the two to pay for tickets.

Drawbacks to the Capital One Spark Miles for Business

  • No intro APR period on purchases or balance transfers: If you're looking to finance a large purchase upfront, you might be better off with a card that offers an intro APR on purchases.
  • Has an annual fee: The Capital One Spark Miles for Business has a $95 (waived first year) annual fee. This may not make sense to pay if you don’t think you’ll get enough value from the card’s benefits and one-time welcome offer, so consider whether you’ll be able to meet the minimum spending requirement to earn the offer.

Earning & redeeming Capital One Membership Rewards

Best ways to earn

Categories Rewards rate
Rental cars and hotels booked through Capital One Travel 5X miles
Every purchase, every day 2X miles

The Capital One Spark Miles for Business Card makes it easy for cardholders to earn points without worrying about spending in specific bonus categories. You get double miles for every purchase, regardless of where it is or what it is. You also get free credit cards for employees, so you can maximize your earning rate by signing up every staff member for a card they can use to charge purchases.

Maximizing your redemptions

Redeeming points is easy, as you can use your miles to book flights, vacation packages, and hotels. You can book through Capital One or with one of more than 15 travel partners. You can also use your miles towards eligible travel purchases you’ve made on the card in the last 90 days. 

Points can also be redeemed at any time, as there are no minimum points required to redeem your travel rewards. And with no seat restrictions or blackout dates when booking with miles, you have the ultimate flexibility with your Capital One Spark Miles card.

Capital One Spark Miles for Business transfer partners

Transferring miles to travel partners can get you the most bang for your buck when it comes to redemption options. With these partners, your miles may be able to pay for more travel than if you redeem directly through Capital One. 

Most of these partners have 1:1 transfer ratio (with the exception of Accor and EVA Air), meaning one Capital One Mile becomes one point. Capital One Spark Miles can be transferred to:

  • Aeromexico
  • Air Canada
  • Air France KLM
  • Asia Miles
  • Accor
  • Avianca
  • British Airways
  • Choice
  • Emirates
  • Etihad
  • EVA Air
  • Finnair
  • Qantas
  • Singapore Airlines
  • TAP Air Portugal
  • Turkish Airlines
  • Virgin Red (can be transferred to Virgin Atlantic)

Capital One Spark Miles for Business FAQs

What are Capital One Spark Miles worth?

Capital One Spark Miles are worth one cent each when redeemed for travel through Capital One. The value of miles can vary when redeemed through partner airlines but could be worth as much as 1.4 cents per mile with certain airline partners.

How do I redeem my Capital One Spark Miles?

Capital One Spark Miles can be redeemed to book flights, hotels, and vacation packages directly through Capital One. Simply log into your account any time to access rewards information and use points to book your trip. You can also transfer miles to more than 15 travel partners and loyalty programs.

Can Capital One Spark Miles be transferred to partner airlines?

Yes, Capital One Spark Miles can be transferred to:

  • Aeromexico
  • Air Canada
  • Air France KLM
  • Asia Miles
  • Accor
  • Avianca
  • British Airways
  • Choice
  • Emirates
  • Etihad
  • EVA Air
  • Finnair
  • Qantas
  • Singapore Airlines
  • TAP Air Portugal
  • Turkish Airlines
  • Virgin Red (can be transferred to Virgin Atlantic)

Most of these partners have 1:1 transfer ratio, meaning one Capital One Mile becomes one point.

Does the Capital One Spark Miles for Business card charge foreign transaction fees?

There are no foreign transaction fees on purchases made outside of the United States when you use your Capital One Spark Miles for Business card.

Other cards to consider

While the Spark Miles for Business is a relatively affordable card, there are other options out there that might be a better fit for you, including Capital One Spark Cash Plus and the Ink Business Unlimited® Credit Card.

Big spenders who prefer cash back to miles would be best off with the Capital One Spark Cash Plus card as opposed to its free counterparts, the Capital One Spark Cash Select for Excellent Credit or Capital One Spark Classic for Business. You'll pay an annual fee of $150 for the Capital One Spark Cash Plus, but get 2% cash back on every purchase, every day; plus 5% cash back on hotels and rental cars booked through Capital One Travel.

Read our full Capital One Spark Cash Plus review.

The Ink Business Unlimited® Credit Card charges no annual fee while offering a flat 1.5% cash back on every purchase, so it’s also a good choice for small business owners, especially if you don’t spend enough to make the Spark Miles’ $95 (waived first year) annual fee worth paying. You can also redeem rewards earned with this card through the Chase Ultimate Rewards program for cash back (as a statement credit or deposited directly into a bank account), travel, merchandise, or gift cards.

Read our Ink Business Unlimited review.

Low Annual Fee with Plenty of Benefits

Capital One Spark Miles for Business
4.9

Capital One Spark Miles for Business

Why We Like It

Earn 50,000 miles after spending $4,500 in the first 3 months

See how these cards compare:

Capital One Spark Cash Plus
Capital One Spark Cash Plus
  • Earn $1,500 after spending $20,000 in the first 3 months (plus an additional $1,500 after spending $100,000 in the first 6 months)
  • 2% unlimited cash back on every purchase, every day
  • Charge card with no preset spending limits
  • $150 cash bonus every year you spend $150,000 or more
Ink Business Unlimited® Credit Card
Ink Business Unlimited® Credit Card
  • Earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening
  • Unlimited 1.5% cash back on every purchase
  • Intro APR on purchases
  • No annual fee

Author Details

Christy Rakoczy Christy Rakoczy has a Juris Doctorate from UCLA Law School with a focus in Business Law, and a Certificate in Business Marketing with an English Degree from The University of Rochester. As a full-time personal finance writer, she writes about all things money-related but her special areas of focus are credit cards, personal loans, student loans, mortgages, smart debt payoff strategies, and retirement and Social Security. Her work has been featured by USA Today, MSN Money, CNN Money and more, and you can learn more at her LinkedIn profile.

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