Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Capital One® Spark® Miles Select for Business review

Last updated:  

Earn 1.5x miles on all spending with this no-annual-fee card.

finder.com’s rating: 4.1 / 5

★★★★★

  • 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.

20,000

Miles as welcome offer

Up to 5x

Miles

$0

Annual fee

0%

Intro purchase APR

for the first 9 months (then 13.99%, 19.99% or 23.99% variable)

Details

Product NameCapital One® Spark® Miles Select for Business
Card typeMastercard
Annual fee$0
Purchase APR0% intro for the first 9 months (then 13.99%, 19.99% or 23.99% variable)
Balance transfer APR13.99%, 19.99% or 23.99% variable
Balance transfer feeNone
Cash advance rate26.99% variable
Cash advance fee$10 or 3% of the cash advance amount, whichever is greater
Penalty APR29.4% variable
Foreign transaction feeNone
Interest free periodUp to 25 days
Late payment feeUp to $39
Additional cardholder fee$0
Rates & feesrates & fees

Expert review

Adrienne Fuller

Review by


Adrienne Fuller is the head of publishing at Finder US. With a decade of experience creating guides in finance and education, she aims to deliver the accurate and transparent information she wishes she had when she made some of life's important financial decisions. For the past 3 years she has been the publisher of money transfers, helping readers save when they send money all over the globe. She has a BA from Colorado College and loves to hike with her two Catahoula dogs around her home in San Diego.

Expert review

The Capital One® Spark® Miles Select for Business has a simple appeal: You’ll earn 5x miles on hotel and rental car bookings through Capital One Travel and 1.5x miles on all other spending. The card’s signup bonus leaves something to be desired, however: You’ll earn 20,000 miles after spending $3,000 on purchases in the first 3 months of account opening. While this is only about $200 in travel purchases, it’s still a bit generous considering the card has a $0 annual fee.

This is a Mastercard, meaning international travelers will enjoy worldwide acceptance. You can also save money on purchases made abroad or at foreign merchants online with 0% foreign transaction fees. Additional Mastercard travel perks include car rental insurance and a variety of travel assistance.

How to apply for the Capital One® Spark® Miles Select for Business

  1. Go to the provider's site and click Apply now.
  2. Fill out the application form.
  3. Review the form and submit.

What credit score do I need?

You’ll have a better chance of approval for the Capital One® Spark® Miles Select 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:

  • 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.

Card benefits

  • No annual fee.
    When expenses are tight, rest easy knowing you won’t pay an annual fee for the Capital One® Spark® Miles Select for Business. 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 Capital One® Spark® Miles Select for Business’s $0 annual fee stands out.

  • Rewards.
    You’ll earn 5x miles on hotel and rental car bookings through Capital One Travel℠. On all other 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.
    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. Still, most business credit cards with great signup bonuses also come with annual fees.

  • Intro APR 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 13.99%, 19.99% or 23.99% depending on your credit.
  • 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 Capital One® Spark® Miles Select for Business 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 Capital One® Spark® Miles Select for Business, the vehicle is covered against collision or theft.

    Also, get access to Mastercard 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 Capital One® Spark® Miles Select for Business 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 23.99% variable depending on your credit.
  • No intro APR for balance transfers.
    The Capital One® Spark® Miles Select for Business 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 29.4% variable. This is known as a penalty APR. Capital One may apply this rate to your account indefinitely.

What should I know before I apply?

To apply for the Capital One® Spark® Miles Select for Business, 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.

Compare business credit cards

Data indicated here is updated regularly
Name Product Rewards Purchase APR Annual fee
Ink Business Preferred® Credit Card
3x points on the first $150,000 on travel and select business categories annually, then 1x after and on all other purchases
15.99% to 20.99% variable
$95
100,000 bonus points after you spend $15,000 on purchases in the first 3 months after account opening. That's $1,250 toward travel rewards when you redeem through Chase Ultimate Rewards&reg
Ink Business Cash℠ Credit Card
5% at office supply stores, on Internet, cable and phone up to $25,000 combined annually (then 1%), 2% on gas and dining up to $25,000 combined annually then 1% after that and on all other purchases
0% intro for the first 12 months (then 13.24% to 19.24% variable)
$0
$750 bonus cash back after you spend $7,500 in the first 3 months.
Ink Business Unlimited℠ Credit Card
1.5% cash back on all purchases
0% intro for the first 12 months (then 13.24% to 19.24% variable)
$0
$750 bonus cash back after you spend $7,500 on purchases in the first 3 months after account opening.
United℠ Business Card
2x miles on United, restaurants, gas stations, office supply stores, local transit and commuting, and 1x miles on all other purchases
16.49% to 23.49% variable
$0 intro annual fee for the first year ($99 thereafter)
Earn 75,000 miles once after spending $5,000 in your first 3 months.
Universal Premium Mastercard®
3 cents off per gallon when you buy 30,000 or more gallons in a month plus 3 cents off at the Retail Savings Network
27.24% variable
Up to $120
Earn 3 cents off per gallon when you buy 30,000 or more gallons in a month plus 3 cents off at the Retail Savings Network.
loading

Compare up to 4 providers

What size business is the Capital One® Spark® Miles Select for Business good for?

The no-annual-fee Capital One® Spark® Miles Select for Business can be a good choice for businesses of all sizes. Because it offers 5x miles on hotel and rental car bookings through Capital One Travel℠ and 1.5x miles on all other purchases, it’s probably most effective if your business spends on travel in addition to a variety of other 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.

Capital One® Spark® Miles Select for Business reviews and complaints

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 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.

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 Capital One® Spark® Miles Select for Business keeps things simple with accelerated rewards through Capital One Travel℠ and unlimited 1.5x miles on all other purchases. 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 Capital One® Spark® Miles Select for Business

Images: capitalone.com

Credit card ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

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.

Learn the details of our methodology and scoring.

Ask an expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our finder.com Terms of Use and Privacy and Cookies Policy.
Go to site