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Capital One Spark Miles Select for Business Review

Capital One Spark Miles Select for Business Review

Rewards Rate
1.5 Miles per $1 on every purchase
Sign-up Bonus
One-time bonus of 20,000 miles once you spend $3,000 on purchases within 3 months from account opening
Rewards Redemption
Redeem miles with any airlines and any hotel
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Who is the Capital One Spark Miles Select for Business best for?

The Capital One Spark Miles Select for Business could be a perfect fit for business owners looking for a travel rewards card with a $0 annual fee.

This no-annual-fee business credit card from Capital One offers a flat-rate earnings on all purchases, plus an elevated rewards rate on hotel and rental cars booked through Capital One Travel. Miles can be applied toward travel purchases, or transferred to 15+ travel and hotel partners.

We’ll walk through the pros and cons of the Capital One Spark Miles Select for Business, as well as compare it to the Capital One Spark Miles for Business, which boasts a higher rewards earning rate on purchases, a bigger sign-up bonus and more travel benefits, in exchange for an annual fee.

Capital One Spark Miles Select for Business overview

    • Earn unlimited 1.5X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won't expire for the life of the account
    • Earn a one-time bonus of 20,000 miles – equal to $200 in travel – once you spend $3,000 on purchases within the first 3 months from account opening
    • Earn 5X miles on hotel and rental car bookings through Capital One Travel using a Spark Miles Select card
    • Save on interest with 0% intro APR on purchases for 9 months; 14.24% - 24.24% variable APR after that
    • No annual fee
    • Transfer your miles to 15+ leading travel loyalty programs like Air Canada and Emirates™
    • Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services
    • Free employee cards which also earn unlimited 1.5X miles from their purchases
  • Credit needed:
    680 850
    Excellent/Good
  • Car rental theft and collision coverage
  • Roadside assistance
  • Foreign transaction fees of none
  • Extended warranty
  • Free employee cards and spend limits

Intro Purchase APR

0% introductory APR for the first 9 months that your account is open.

Regular Purchase APR

15.49%, 21.49% or 25.49% (Variable)

Intro BT APR

N/A

Regular BT APR

15.49%, 21.49% or 25.49% (Variable)

Annual Fee

$0

Cash Advance Fee

3% of the amount of the cash advance, but not less than $10

Foreign Transaction Fee

None

Balance Transfer Fee

N/A

Pros and cons

Pros

  • $0 annual fee
  • Intro purchase APR
  • Flat-rate rewards on every purchase
  • Elevated rewards rate on hotels and rental cars
  • Miles transferable to 15+ airline and hotel partners

Cons

  • Mediocre sign-up bonus
  • Limited travel benefits

What we like

  • Intro APR on purchases

    The Capital One Spark Miles Select for Business comes with the following intro APR offer: 0% introductory APR for the first 9 months that your account is open., after which a 15.49%, 21.49% or 25.49% (variable) APR will apply.

    If you need some time to finance some capital expenditures, taking advantage of the intro APR offer can save you from paying interest charges during the intro period while you pay down the balance.

  • No annual fee

    The Capital One Spark Miles Select for Business comes with a $0 annual fee, which is helpful for budget-conscious business owners.

  • Flat-rate rewards on every purchase

    Some travel rewards programs offer different rewards-earning tiers depending on the types of purchases you make. The Capital One Spark Miles Select for Business makes it pretty simple: earn 1.5 miles per $1 on every purchase. Plus, you’ll earn an elevated rate of 5X on hotels and rental cars booked through Capital One Travel.

  • Miles transferable to multiple travel partners

    A nice feature of the Capital One Spark Miles Select for Business is that you can transfer your miles to 15+ travel partner loyalty programs, mostly at a 1:1 ratio.

    The current travel partners are:

    • Accor Live Limitless
    • Aeromexico
    • Air France KLM
    • Aeroplan
    • Asia Miles
    • Avianca LifeMiles
    • British Airways
    • Choice Hotels
    • Emirates Skywards
    • Etihad Airways
    • EVA Air
    • Finnair
    • Qantas
    • Singapore Airlines
    • TAP Air Portugal
    • Turkish Airlines
    • Wyndham Rewards

What to watch out for with the Capital One Spark Miles Select for Business

  • Mediocre sign-up bonus

    New Capital One Spark Miles Select for Business cardholders can earn a one-time bonus of 20,000 miles once you spend $3,000 on purchases within 3 months from account opening. That’s worth about $200 when redeemed against travel purchases made with the card.

    However, you can’t expect a $0-annual-fee travel card to offer a huge sign-up bonus. Those are usually reserved for travel cards with annual fees.

  • Limited travel benefits

    While the Capital One Spark Miles Select for Business does offer car rental insurance, it lacks some of the more common travel card benefits such as trip interruption/cancellation, baggage insurance or TSA PreCheck credits. But again, since the card does not have an annual fee, you can’t expect a slew of premium benefits.

Alternate business travel card

Compare it to the Capital One Spark Miles for Business

| Disclosures
Capital One Spark Miles for Business
Capital One Spark Miles for Business
on Capital One's secure site
N/A
23.99% (Variable)
$0 intro for first year; $95 after that
2 Miles per $1 on every purchase, everywhere
  • Earn a one-time bonus of 50,000 miles – equal to $500 in travel – once you spend $4,500 on purchases within the first 3 months from account opening
  • Earn unlimited 2X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won't expire for the life of the account
  • Transfer your miles to 15+ travel loyalty programs
  • Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services
  • Fly through security with one statement credit for either the $85 TSA PreCheck® application fee or the $100 Global Entry application fee
  • $0 intro annual fee for the first year; $95 after that
  • Free employee cards which also earn unlimited 2X miles from their purchases
680 850

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

 

The Capital One Spark Miles for Business would be a better fit for business owners a bigger travel budget as it comes with a more generous sign-up bonus, more travel benefits and a more generous rewards earning rate in exchange for an annual fee of $0 intro for first year; $95 after that.

New cardholders can earn a one-time bonus of 50,000 miles – equal to $500 in travel – once you spend $4,500 on purchases within the first 3 months from account opening.

Plus, earn a higher rewards rate of 2 miles per $1 on every purchase, everywhere plus an elevated 5X earnings rate on hotel and rental car bookings made through Capital One Travel.

As for enhanced travel benefits, every four years, Capital One Spark Miles for Business cardholders who use their card to complete the Global Entry or TSA PreCheck application qualify for a statement credit of up to $100. And the card comes with an added travel assistance benefit as well as the same ability to transfer miles to the same travel partners as the Capital One Spark Miles Select for Business.

Compare the Capital One Spark Miles Select for Business to similar cards

Comparison of four different credit cards
Capital One Spark Miles Select for Business Capital One Spark Miles for Business Ink Business Preferred<sup>®</sup> Credit Card Bank of America<sup>®</sup> Business Advantage Travel Rewards World Mastercard<sup>®</sup> credit card
Capital One Spark Miles Select for Business Capital One Spark Miles for Business Ink Business Preferred® Credit Card Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
Read Review
Apply Now
on Capital One's secure site
Apply Now
on Chase's secure site
Apply Now
on Bank Of America's secure site
Annual Fee
$0 $0 intro for first year; $95 after that $95 $0
Welcome Offer
One-time bonus of 20,000 miles once you spend $3,000 on purchases within 3 months from account opening Earn a one-time bonus of 50,000 miles – equal to $500 in travel – once you spend $4,500 on purchases within the first 3 months from account opening. Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening. 30,000 online bonus points after you make at least $3,000 in net purchases in the first 90 days of your account opening which can be redeemed for a $300 statement credit towards travel or dining purchases.
Rewards Rate
1.5 Miles per $1 on every purchase 2 Miles per $1 on every purchase, everywhere Earn 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year. Earn 1 point per $1 on all other purchases—with no limit to the amount you can earn. 3 points per every dollar spent on travel purchases (car, hotel, airline) booked through the Bank of America® Travel Center. 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.
Intro Purchase APR
0% introductory APR for the first 9 months that your account is open. N/A N/A 0% Introductory APR on purchases for your first 9 billing cycles
Regular APR
15.49%, 21.49% or 25.49% (Variable) 23.99% (Variable) 18.99% - 23.99% Variable 15.24% - 25.24% Variable APR
Recommended Credit
Excellent/Good Excellent/Good Excellent Excellent
Card Details
Capital One Spark Miles Select for Business Capital One Spark Miles for Business Ink Business Preferred® Credit Card Additional card details unavailable

Is the Capital One Spark Miles Select for Business right for you?

If your business is small, but you’re looking for an affordable travel rewards card, the Capital One Spark Miles Select for Business would be a good fit. Plus. it comes with foreign transaction fees of none, which is an excellent feature on a card with a $0 annual fee.

But if your business charges are expected to exceed $20,000 a year, your rewards gain will offset the annual fee of the Capital One Spark Miles for Business after the first year. Otherwise, you’d be better off using the $0-annual-fee Capital One Spark Miles Select for Business.

Before you make a final decision, check out our recommendations for best small business credit cards.

The information related to the Capital One Spark Miles Select for Business has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication.