Capital One® Spark® Miles Select for Business
Capital One® Spark® Miles Select for Business: Details and benefits
The Capital One® Spark® Miles Select for Business card earns an unlimited 1.5X miles on all purchases, without any complicated rotating bonus categories or transfers, and 5X miles on hotels and rental car bookings through Capital One Travel℠.
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 purchases in the first three months of card ownership and a zero percent intro APR offer on purchases for the first nine months (then 14.49 percent — 22.49 percent 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.
Is the Spark Miles Select for Business worth it for you?
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.
Get the most value from the Spark Miles Select for Business
When used for traveling, the 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.
If you’re interested in more information related to earning miles with the Capital One Spark Miles Select for Business, check out our guide to Capital One Miles.
How much are the Spark Miles Select for Business rewards worth?
If you spend $3,000 a month in the 1.5X category, you’ll earn 54,000 miles by the end of 12 months. When you include the 20,000-mile welcome bonus you’ll earn from spending $3,000 in your first three months, you’ll have gained 74,000 miles by the end of your first year.
According to November 2019 point and mile valuations by The Points Guy, your miles would be worth $1,036 by transferring to a Capital One travel partner.
How to redeem rewards
You can redeem your awards miles by booking your travel directly through a Capital One representative over the phone or through the Capital One website.
You can also use the Purchase Eraser® tool to receive a credit for travel you booked another way. Once you’ve paid for your travel with your card, you can redeem your miles for account credit.