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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.
Intro Purchase APR
N/A
Regular Purchase APR
17.99%, 20.99% or 23.99% Variable
Intro BT APR
N/A
Regular BT APR
17.99%, 20.99% or 23.99% Variable
Annual Fee
$0
Cash Advance Fee
Either $5 or 5% of the amount of each cash advance, whichever is greater
Foreign Transaction Fee
$0
Balance Transfer Fee
N/A
Intro APR on purchases
The Capital One Spark Miles Select for Business comes with the following intro APR offer: N/A, after which a 17.99%, 20.99% or 23.99% 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:
Mediocre sign-up bonus
New Capital One Spark Miles Select for Business cardholders can earn a one-time bonus of 50,000 miles once you spend $4,500 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.
The Capital One Spark Miles for Business would be a better fit for business owners with a bigger travel budget, as it comes with a more generous welcome offer, more travel benefits and a better rewards 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; 5 miles per dollar on hotels, vacation rentals and rental cars booked through capital one travel 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.
| Credit Cards | Our Ratings | Annual Fee | Welcome Offer | Rewards Rate | Recommended Credit Credit scores ranges may vary. Your individual chance at approval may vary due to factors such as creditors using a particular variation at their discretion | |
|---|---|---|---|---|---|---|
|
Capital One Spark Miles Select for Business*
|
$0 | One-time bonus of 50,000 miles once you spend $4,500 on purchases within 3 months from account opening | 1.5 Miles per $1 on every purchase | Good / Excellent | ||
Capital One Spark Miles for Business*
|
$0 intro for first year; $95 after that | 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. | 2 Miles per $1 on every purchase, everywhere; 5 Miles per dollar on hotels, vacation rentals and rental cars booked through Capital One Travel | Good / Excellent | ||
Ink Business Preferred® Credit Card*
|
$95 | Earn 90,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening. | 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. | Excellent | ||
The American Express Blue Business Cash™ Card*
|
No annual fee | Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months. | Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1% | Good / Excellent |
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 $0, 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.
For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.
For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply
The information related to the Capital One Spark Miles Select for Business, Capital One Spark Miles for Business, Ink Business Preferred® Credit Card and The American Express Blue Business Cash™ Card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.
The content above is not provided by any issuer. Any opinions expressed are those of LendingTree alone and have not been reviewed, approved, or otherwise endorsed by any issuer. The offers and/or promotions mentioned above may have changed, expired, or are no longer available. Check the issuer's website for more details.
