Capital One Spark® Miles Select for Business

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User-friendly travel rewards card for small businesses.

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The Capital One Spark Miles Select for Business card is the fraternal twin to the Capital One Spark Cash Select for Business. The two cards are virtually identical except Spark Miles Select rewards can only be redeemed for travel purchases and the Spark Cash Select rewards gives you a statement credit or a check.

Unless you have a reason to only want to accrue credits for travel, the Spark Cash Select for Business gives you much greater flexibility in how you spend your rewards.

Review

The Capital One Spark Miles Select for Business card earns an unlimited 1.5 miles per $1 spent on all purchases, without any complicated rotating bonus categories or points transfers. Anyone who wants to earn travel rewards that can be used in advance, or as a credit back against a trip already taken, can benefit from the simple structure of this card.

Sweetening the pot is a one-time bonus of 20,000 miles, worth $200 in travel, to cardholders who accrue at least $3,000 in charges in the first three months of card ownership and a 0% intro APR offer purchases for the first nine months (then 14.74% – 22.74% variable APR after that).

Keep in mind if you think you’ll occasionally be late paying the bill, or miss a payment altogether, the penalty APR on Capital One Business credit cards is high and will apply for at least a year.

Capital One has a number of good business credit cards to choose from. Most are top notch. That being said, we don’t like either of the Select cards as much as the Capital One Spark Cash for Business, which charges an annual fee after the first year, but also offers a slightly higher rewards rate and a more lucrative sign-up bonus.

Who should get this card

Business owners who want a hassle-free card with a generous and unlimited rewards structure just for travel may find this card fits the bill.

Advantages
  • Additional employee cards at no charge.
  • Rewards never expire as long as the account is open and in good standing.
  • There are no rotating or special bonus categories to keep track of.
Disadvantages
  • The penalty APR for late payments is high, plus there’s a penalty fee, so if your business might not make a payment on time, you may want to consider a card with a more forgiving policy.
  • The balance transfer APR rate is the same as the purchase APR, so this card may not be a good choice for those looking to save on interest charges by doing a balance transfer.
  • If you’re using the Purchase Eraser to redeem your miles for past purchases, you have to do it within 90 days of the original purchase.

Fees and APR

  • There’s no annual fee.
  • Enjoy an introductory 0% APR offer on purchases made during the first nine months of account opening, then it’s a variable 14.74% to 22.74% based on creditworthiness.
  • You’ll pay no foreign transaction fees on purchases made outside the U.S.
  • Balance transfers charge a variable APR of 14.74% to 22.74% based on creditworthiness.
  • There’s a penalty APR of 31.15% after you make a late payment that will apply for at least a year.
  • There’s a late payment fee of up to $39.

Extras, perks and using points

There’s free extra cards for employees, and the main cardholder accrues all the rewards.

When used for traveling, the Capital One Spark Miles Select for Business has no foreign transaction fees and also comes with Visa Business Benefits, including auto damage and collision protection, emergency and travel assistance services and purchase protection.

You can redeem your awards miles by booking your travel directly through a Capital One representative over the phone or through the website. The other way is to use the “Purchase Eraser” to receive a credit for travel you booked another way. Once you’ve paid for your travel with your Capital One Venture card, you can redeem your miles for a statement credit.

There is no fee to redeem your miles.

How this card compares

 

The Blue Business℠ Plus Credit Card from American Express
  • Get rewarded for business as usual. Earn 2X points on everyday business purchases such as office supplies or client dinners.
  • 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter.
  • Enjoy the flexibility to put more purchases on the Card and earn rewards when you buy above your credit limit*.
  • More buying power for your business* means more opportunities to earn points. That's everyday business with the new Blue Business Plus Card.
  • *The amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors.
  • 0.0% intro APR on purchases and balance transfers for 15 months, then a variable rate, currently 13.24%, 17.24% or 21.24%, based on your creditworthiness and other factors as determined at the time of account opening.
  • No Annual Fee
  • Terms Apply
  • See Rates & Fees
Credit Needed

Excellent, Good

Regular APR

13.24% - 21.24% Variable

Annual Fee

No annual fee

Purchase Intro APR

0% on purchases for 15 months

Balance Transfers Intro APR

0% on balance transfers for 15 months

The Blue Business Plus Credit Card from American Express earns 2 points per $1 spent on the first $50,000 in business purchases per year, then 1 point per dollar thereafter. This card has no annual fee.

Ink Business Cash℠ Credit Card
  • Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
  • Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
  • Earn 1% cash back on all other card purchases with no limit to the amount you can earn

This card offer is currently unavailable on Bankrate. To see more cards in this category, please visit our business category page.

Credit Needed

Excellent

Regular APR

0% fixed Intro APR for the first 12 months that your Account is open. After that, 15.24% to 21.24%, based on your creditworthiness. These APRs will vary with the market based on the Prime Rate.

Annual Fee

No Annual Fee.

Balance Transfers Intro APR

0% fixed Intro APR for the first 12 months that your Account is open. After that, 25.24% to 21.24%, based on your creditworthiness. These APRs will vary with the market based on the Prime Rate.

If you’re just starting out and you aren’t sure what your spending patterns will be, the Ink Business Cash Credit Card is like a small rectangular mentor. The no-fee card will reward you for spending in the areas you’ll most likely need to get your business off the ground and gives you a full year break on interest for purchases and balance transfers. Who couldn’t use a little breathing room when launching a new venture?

EDITORIAL NOTE

Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines, or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.