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Welcome Bonus
The Capital One® Spark® Miles for Business Card is offering new applicants a bonus of 50,000 miles after spending $4,500 or more within 3 months from account opening. There’s also a $0 intro annual fee for the first year, then $95 after.
This is one of the best (and stable) bonuses offered for the card and a great way to grab a lot of transferable points without paying a fee for the first year.
These are not the same type of miles that you would earn from an airline credit card. But they can be used for up to $500 in value when you book travel through Capital One, or against travel purchases made with your card.
Capital One also has 15 partner airline and hotel programs and transferring to them can be the best option to maximize the value of your points.
Here are the 1:1 ratio travel partners:
1:1 Transfer Ratio
- Aeromexico Club Premier
- Aeroplan®
- Asia Miles
- Avianca LifeMiles
- British Airways Executive Club
- Choice Privileges®
- Emirates Skywards
- Etihad Guest
- Finnair Plus
- Flying Blue
- Qantas Frequent Flyer
- Singapore Airlines KrisFlyer
- TAP Miles&Go
- Turkish Airlines Miles&Smiles
- Virgin Red
The last option is to redeem miles for gift cards.
You should familiarize yourself with a specific loyalty program before transferring your miles. You will not be able to transfer back into your Capital One Miles account.
LEARN HOW TO APPLY
Bonus categories
You’ll earn the following rates:
- Unlimited 2X miles on every purchase for your business.
- Unlimited 5 miles per $1 spent on hotels and car rentals booked through Capital One Travel.
Getting 5X on the travel portal is nice if you’re not paying more for your travel purchases compared to other sites, but keep in mind you can lose out on hotel benefits if you have elite status.
The 2X miles on all other purchases make this a good everyday card, especially with no limit on how much your card can earn. It could also be a great way to cover taxes.
(The description almost sounds like only certain categories related to business purchases will qualify but actually this will earn 2X on all purchases.)
LEARN HOW TO APPLY
Perks
The Capital One® Spark® Miles for Business Card has a $95 annual fee which is waived the first year. So you can get tons of value before you have to decide whether you want to pay the fee and keep it for one more year.
After completing the spending requirement for the bonus, you will have 59,000 miles, since the card earns 2x on all purchases. The ability to earn close to 60,000 transferable points without having to pay a single dollar on an annual fee is definitely an attractive feature of this offer.
You can get credit of $100 for the application fee for Global Entry or TSA Pre-check when you pay with the card. This is a nice perks for frequent travelers.
The card comes with two complimentary visits per year to Capital One Lounge locations or a partnering Plaza Premium Lounge. This can open up more lounge visit opportunities in case you encounter an overcrowded lounge which has unfortunately become a trend these days.
If you’re traveling abroad, you don’t have to worry about foreign transaction fees with the Capital One® Spark® Miles for Business Card.
As a business card, it provides free employee cards, that also earn unlimited 2X miles on all purchases. You can set customized spending limits for each employee cards. You also get free additional warranty and protection on purchases made with your card, and virtual card numbers that make online purchases safer.
Note:
- This is one of the Capital One business cards that counts towards 5/24 so I’d recommend going for Chase cards first if you are still under 5/24.
- Capital One pulls all three bureaus
- It’s a good idea to wait six months between Capital One cards
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