Earn 1.5x miles on all spending with this no-annual-fee card.
- Get this card if you want travel benefits and a simple rewards structure — all for no annual fee.
- Pick something else if you want cash back or a larger signup bonus.
- Apply with a good to excellent credit score of 670 or higher.
| Product Name | Spark® Miles Select from Capital One® |
|---|---|
| Card Type | Visa |
| Annual Fee | $0 |
| APR (Annual Percentage Rate) for Purchases | 15.24%, 19.24% or 23.24% variable |
| Introductory Purchase APR | 0% for the first 9 months (then 15.24%, 19.24% or 23.24% variable) |
| Balance Transfer APR | 15.24%, 19.24% or 23.24% variable |
| Introductory Balance Transfer APR | N/A |
| Cash Advance Rate | 25.24% variable |
| Foreign Transaction Fee | None |
| Cash Advance Fee | $10 or 3% of the cash advance amount, whichever is greater |
| Interest Free Period | Up to 25 days |
| Late Payment Fee | Up to $39 |
| Additional Cardholder Fee | $0 |
| Minimum Age | 18 years of age |
|---|
| Welcome Offer | 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 |
|---|---|
| Rewards | Unlimited 1.5x miles on every purchase, every day. |
| Base Rewards | 1.5x miles |
| Rewards Points Expiration | Never |
The basics
The Spark® Miles Select from Capital One® has a simple appeal: You’ll earn 1.5x miles on all spending. The card’s signup bonus leaves a little to be desired at 20,000 miles after spending $3,000 on purchases in the first 3 months. A value of only about $200 in travel purchases.
If you like the Spark® Miles Select from Capital One® but want slightly more powerful rewards, try the Spark® Miles from Capital One®. It has a $95 annual fee starting the second year, but it offers 2x miles on all spending. It also offers a more valuable signup bonus: 50,000 bonus miles after you spend $4,500 on purchases within the first 3 months.
Another pick for travel rewards
The perks
Annual fee: None.
When expenses are tight, rest easy knowing you won’t pay an annual fee for the Spark® Miles Select from Capital One®. You can get the card and keep it long term without feeling pressured to offset its cost with rewards.
Many business credit cards come with annual fees. In that regard, the Spark® Miles Select from Capital One®’s $0 annual fee stands out.
Rewards: 1.5x miles on every purchase.
On all purchases you make with your card, you’ll earn 1.5 miles per dollar you spend. This flat rate is attractive if you don’t want to keep track of multiple reward tiers, or your spending is spread over different categories.
You can redeem your miles for statement credit or for flights, hotels, car rentals and more through Capital One’s Rewards Center. There’s no minimum to redeem your miles.
Signup bonus: 20,000 bonus miles.
When you spend $3,000 on purchases in the first 3 months, you’ll earn 20,000 miles. According to Capital One, that’s worth $200 toward travel.
This is a low signup bonus compared to other business credit cards. For example, the Ink Business Cash℠ Credit Card offers a $500 cash bonus after you spend $3,000 on purchases in the first 3 months after opening your account — and it doesn’t have an annual fee. Still, most business credit cards with great signup bonuses also come with annual fees.
Intro APR: 0% for 9 months on purchases.
For the first 9 months after opening your card, you’ll receive a 0% intro APR on purchases. After that, you’ll receive a variable purchase APR of 15.24%, 19.24% or 23.24% depending on your credit.
You’ll also like …
No foreign transaction fees.
You won’t incur fees when you use your card abroad or on international sites. Typically, providers charge a 3% fee each time you use your card for an international transaction. It doesn’t sound like much, but it can add up over a trip spanning several days.
Since the Spark® Miles Select from Capital One® comes with no foreign transaction fees, it’s an excellent choice for vacations or business trips.
Add employee cards at no cost.
You can add employees to your card account and earn rewards on their spending.
Travel benefits.
When you rent an eligible car with your Spark® Miles Select from Capital One®, the vehicle is covered against collision or theft.
Also, get access to Visa emergency services like legal or medical referrals, ticket replacement and other forms of travel assistance.
Purchase security and extended protection.
Eligible items you buy with Spark® Miles Select from Capital One® are covered against theft or accidental loss. You can also enjoy extended warranties on eligible items to further protect your business’s assets.
What to watch out for
Potentially high APR.
Your ongoing APR for purchases and balance transfers could be as high as 23.24% variable depending on your credit.
No intro APR for balance transfers.
The Spark® Miles Select from Capital One® offers a 0% intro APR for purchases only.
Penalty APR.
If you make a late payment, Capital One may raise your purchase, balance transfer and cash advance APR to 31.65% variable. This is known as a penalty APR. Capital One may apply this rate to your account indefinitely.
Consider other cards if …
You want cash back.
With the Spark® Miles Select from Capital One®, you’ll earn miles on your spending. For a card that offers cash back instead of miles, consider these cashback business cards.
You want a bigger signup bonus.
The Spark® Miles Select from Capital One® offers a 20,000-mile bonus if you spend $3,000 on purchases in the first 3 months of opening your account. If you’re looking for a bigger signup bonus, you might want to consider the Ink Business Cash℠ Credit Card. Or if you’re willing to pay an annual fee for a business card, you’ll find stronger signup bonuses on cards like the Ink Business Preferred℠ Credit Card.
You want a market-leading intro APR.
There are plenty of great options when it comes to business cards that offer intro APRs. Compare business cards with 0% intro APR and find the card that’s best for you.
You have fair credit.
Look into the Spark® Classic for Business, which is available to business owners with average credit. Or you might want to consider a secured business card.
Compare business credit cards
What size business is the Spark® Miles Select from Capital One® good for?
The no-annual-fee Spark® Miles Select from Capital One® can be a good choice for businesses of all sizes. Because it offers 1.5x miles on all purchases, it’s probably most effective if your business spends evenly in a variety of categories.
If your business has a high volume of spending in specific categories, you might earn more rewards from a different card. For example, the Ink Business Preferred℠ Credit Card offers 1x points in categories like travel, shipping purchases and select online advertising on up to $150,000 in combined purchases each card year, then 3x points after that. And if you take a lot of business flights, you might like an airline credit card.
What should I know before I apply?
To apply for the Spark® Miles Select from Capital One®, you must be:
- At least 18 years old.
- A resident of the US or a US military location.
Information you’ll need
To complete the application, you’ll need to provide information about yourself and your business, including:
- Your name, residential status and residential address.
- Your Social Security number.
- Your email address, phone number and date of birth.
- Financial information like your annual income and source of income.
- The name of your business, its mailing address and its employee count.
- Your years in business and annual business revenue.
- Your tax identification number.
What credit score do I need?
You’ll have a better chance of approval for the Spark® Miles Select from Capital One® 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:
- Hard pulls on your credit report.
If you have several hard inquiries — or hard pulls — on your report, it could imply you’re having trouble managing your debt. Capital One might think you’re desperate for credit and may be less likely to take you on as a customer. - Factors that tie into your credit score.
Your credit utilization is a major factor Capital One considers. Customers with low balances relative to their credit limit are generally preferred. Having many new card accounts may be a red flag too, as it could indicate you’re desperate for credit. It may also give the impression that you’re a flighty customer who’s just hunting for signup bonuses.
What do customers say about the Spark® Miles Select from Capital One®?
Customers typically like the rewards they earn, saying the card is a good choice for small businesses. Some cardholders say they were approved for high credit limits, which made it easier for them to complete business purchases.
The Capital One Financial Corporation has been accredited with the Better Business Bureau since 1995 and earns an overall A+ rating as of June 2018. However, over 90% of its customer reviews are negative, with many cardholders having issues disputing fraudulent charges and making payments.
The company earns a Trustpilot score of 4.6 out of 10. Many negative reviews cite poor customer service for account issues such as bill pay and penalty fees. Other reviews say Capital One offers good cardholder benefits and friendly service. Overall, your mileage may vary with Capital One customer support.
How to apply for the Spark® Miles Select from Capital One®
- Go to the Capital One website and click Apply now.
- Complete the application with details like your name, address, annual income, Social Security number and business information.
- Review and submit your application.
How long will it take to get my Spark® Miles Select from Capital One®?
Because conditional credit approval is automated on the site, you may get a decision on your application within a few minutes. After you’re approved, you’ll typically receive your card within 7 to 10 business days.
I got the card. Now what?
- Track your spending. Monitor your spending and payments online 24/7.
- Avoid fees. Avoid late fees of up to $39 by setting up automatic payments for billing statements.
- Earn more rewards with your employees’ help. Earn extra rewards by adding employees to your card account as authorized users.
- Contact customer service. Call Capital One at 800-867-0904 or by signing in to your Capital One account online if you run into any issues with your card.
Bottom line
The Spark® Miles Select from Capital One® keeps things simple with 1.5x miles on all purchases and no annual fee. It’s a solid pick if you want a no-frills card that rewards a variety of spending.
If you’re not convinced this is the card for your business, compare your options using our guide to business credit cards.
Frequently asked questions about the Spark® Miles Select from Capital One®
Images: capitalone.com
