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finder.com’s rating: 4.1 / 5
★★★★★
$500
Welcome offer
Up to 5x
Miles
$0
Annual fee
for the first year ($95 thereafter)
20.99%
Purchase APR (variable)
Annual fee | $0 intro annual fee for the first year ($95 thereafter) |
---|---|
Welcome Offer | 50,000 miles after spending $4,500 in the first 3 months |
Rewards | 5x miles on hotel and rental car bookings through Capital One Travel℠ and 2x miles on all other purchases |
Purchase APR | 20.99% variable |
Balance transfer APR | 20.99% variable |
Recommended minimum credit score | 670 |
Issuer | Mastercard |
Review by
Jennifer Gimbel has over five years of experience informing editorial strategy at one of Disney’s digital media brands. Now as loans editor at Finder, she strives to create engaging, transparent content to help readers find products to meet their financial goals. On the weekends, you can catch Jenn at the dog park with her pup Olive or exploring the streets of Brooklyn — iced coffee in hand.
The Capital One® Spark® Miles for Business is a solid travel credit card. It comes with a generous signup bonus of 50,000 miles — worth around $500 in travel purchases — and 5x miles on hotel and car rental bookings made through Capital One Travel. There’s a $0 intro annual fee for the first year, and no annual fee at all for additional employee cards.
International business travelers get to save money with 0% foreign transaction fees, car rental insurance, ticket replacement, travel assistance and more.
If you’re looking for a business credit card with a 0% intro APR period on balance transfers and purchases, however, consider other credit card options.
You’ll have a better chance of being approved for the Capital One® Spark® Miles for Business if you apply with a good to excellent credit score of 670 or higher. If you have a healthy business and excellent credit, your likelihood of approval is strong.
Here are a few other factors that might affect your odds of approval:
To apply for the Capital One® Spark® Miles for Business, you must be:
To complete the application, you’ll need to provide information about yourself and your business, including:
Because the Capital One® Spark® Miles for Business offers flat rewards on all spending, it can be a good choice for businesses of all sizes. Specifically, your expenses needn’t be concentrated in specific categories for you to earn meaningful rewards.
Keep an eye on the card’s annual fee, which is $0 for the first year and $95 every year thereafter. To break even on the annual fee, you’ll need to earn 9,500 miles, which is worth $95 at the industry rate of 1 mile = 1 cent.
Many customers say they’re pleased with the rewards they earn from the Capital One® Spark® Miles for Business. Unhappy customers say they’ve encountered unhelpful customer service at Capital One.
The Better Business Bureau has accredited Capital One with a rating of A as of October 2020. However, it sports a 1.13 out of 5 when it comes to a customer rating from an average of nearly 500 reviews. It fares little better on Trustpilot, earning a 1.4 rating out of 5 as of October 2020.
Consider picking up the Capital One® Spark® Miles for Business if you want travel rewards and your business spending is spread evenly throughout many categories, with accelerated rewards through Capital One Travel℠
Interested in seeing what else is out there? Compare other business credit cards.
Images: capitalone.com
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Our team evaluates credit cards to determine their value against similar cards on the market.
We rank card types — travel, cash back, business — on a set of factors that are most relevant to that type of card. We create these rankings to help you narrow down a credit card that best suits your spending and budget.