Capital One® Spark® Miles Select for Business review

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:

Compare business credit cards

Sort by:

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	Apply now View details	Compare	loading Fetching your data...
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.	Apply now View details	Compare	loading Fetching your data...
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.	Apply now View details	Compare	loading Fetching your data...
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.	Apply now View details	Compare	loading Fetching your data...
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.	Apply now View details	Compare	loading Fetching your data...
Southwest Rapid Rewards® Performance Business Credit Card		3x points on Southwest Airlines, 2x points on social media and search engine advertising, Internet, cable, and phone services and 1x points on all other purchases	15.99% to 22.99% variable	$199	Earn 70,000 points when you spend $5,000 on purchases in the first 3 months. Plus, earn an additional 30,000 points after you spend $25,000 on purchases in the first 6 months.	Apply now View details	Compare	loading Fetching your data...
Brex 30 Card		7x points on rideshares, 4x on Brex Travel, 3x at restaurants, 2x on software subscriptions and 1x points on all other purchases	N/A	$0	The first corporate card for startups. No personal liability or security deposit needed, meaning your personal credit score won't be affected.	Apply now View details	Compare	loading Fetching your data...
Southwest Rapid Rewards® Premier Business Credit Card		2x points on Southwest Airlines and 1x points on all other purchases	15.99% to 22.99% variable	$99	Earn 60,000 points after spending $3,000 in the first 3 months and 6,000 points after your card anniversary.	Apply now View details	Compare	loading Fetching your data...
BP Business Solutions Mastercard®		Up to 6 cents per gallon on fuel and 3.5 cents per gallon on diesel depending on number of gallons purchased per month	27.24% variable	Up to $120	Up to 6 cents per gallon on fuel and 3.5 cents per gallon on diesel depending on number of gallons purchased per month.	Apply now View details	Compare	loading Fetching your data...
ARCO Business Solutions Fuel Card			18.24% to 27.24% variable	Up to $180	The ARCO Business Solutions Fuel Card gives your drivers access to greater performance with high quality fuels at ARCO locations. The card provides fleet managers with detailed reporting and individual spending controls for each and every driver.	Apply now View details	Compare	loading Fetching your data...

loading

Load More

Compare up to 4 providers

Clear selection

Compare

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

• If I qualify for the signup bonus, when will I receive my miles?

  Capital One will credit the miles to your rewards balance within two billing cycles.

• How do I get additional cards for my employees?

  Call the number on the back of your card to request cards for your employees.

• Can I use a PO box to apply for the Spark® Miles Select from Capital One®

  No, Capital One requires a physical address to apply. Once you’re approved, you can switch your mailing address to a PO box.

• Is it safe to send my information to Capital One online?

  Yes, Capital One encrypts your information to protect your banking and business details from third parties.

Images: capitalone.com