capital one spark miles for business

Earn up to 75% more points on every purchase, if you have a business checking account with Bank of America and qualify for our highest Preferred Rewards for Business tier. *, MORE REWARDS: Get 4X Membership Rewards points on the 2 select categories where your business spent the most each month. OVERNIGHT ADDRESS But after you hit $50,000 in spending, your cash back rate is just 1%. Strengths: Build Credit, Earn Cash Back, No Fee Designed for businesses building credit, you can get approved with a lower credit rating-since that's who the card is designed for. PO Box 71083 You can use your Capital One miles on any airline when booking through the Capital One Travel Portal. Provide referrals to medical services if you have a medical emergency while traveling. The card earns 2x Spark Miles on all purchases and has no foreign transaction fees. Capital One is making a big push to be the go-to choice for aspiring entrepreneurs by issuing some of the best small business cards. For more information please see our Advertiser Disclosure. Card Snapshot. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Advertiser Disclosure: Some of the offers that appear on this website are from companies which ValuePenguin receives compensation. Better details For a no-annual-fee store card, the is adequate. The Business Platinum Card from American Express, Business Green Rewards Card from American Express, Cover select travel purchases (including vacation rentals), Transfer your rewards to travel loyalty programs, Depends on the transfer partner and ratio, Transfer your rewards to another Capital One account, Earn 2 Miles per $1 on every purchase, everywhere, Flexible rewards, plus the option to transfer to Capital One airline and hotel partners, Fewer travel benefits than premium travel credit cards for business. gives you more control over how you redeem your rewards by offering several ways to use miles. You can also redeem your rewards as cash back in the form of a statement credit or check by mail or redeem them as gift cards for restaurants, retailers, or hotels. Redeem your miles for flights, vacation rentals, car rentals, ride . Spark Miles | 2X Travel Rewards Credit Card | Capital One Business Card Sections Spark 2X Miles Credit Level: Excellent Earn unlimited 2X miles on every purchase. leading credit card for new businesses with no credit history, top-recommended high-limit business credit cards, best business credit cards for the self-employed, Introductory reward worth $200 in travel after you spend $3,000 within the first three months, 5x miles on hotel and rental car bookings through the issuer, Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening, Earn unlimited 1.5% cash back on every purchase made for your business. For example, rewards can increase by 25% to 75% depending on your relationship tier with Bank of America. Rewards Earning Details. The information related to American Express Business Gold Card, The Business Platinum Card from American Express and Business Green Rewards Card from American Express has been independently collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication. Capital One miles are worth a minimum of one cent each toward a travel purchase, though personally I value Capital One miles at 1.7 cents each. Tricia has nearly two decades of experience in commercial and federal government lending. With the Capital One Spark Miles for Business, you wont have to worry about this, as youll earn 2 miles per dollar no matter how much your business changes month to month. That depends on how you use the card and whether you can take full advantage of its strengths. The Capital One Spark Miles for Business is great for the business owners looking for straightforward 2x earning with no blackout dates, no seat restrictions, and no minimum when redeeming your miles. You can take your cash back as a statement credit, which reduces your outstanding card balance, and many more options. (Partner offer), Business credit cards can unlock all sorts of rewards, and with the Capital One Spark Miles for Business, youll earn miles that can help you earn free travel. ValuePenguin does not include all financial institutions or all products offered available in the marketplace. Something went wrong. But it comes with an annual fee: $0 intro for the first year, then $95. You can also report a lost Capital One Spark Miles for Business credit card through the Capital One website. You have the option to transfer your miles to . One major benefit of the Capital One Spark Miles for Business is the fact you earn 2 Miles per $1 on every purchase, everywhere, although you do earn a higher rate of 5X miles on hotels and rental cars booked through Capital One. Since British Airways is a 1:1 transfer partner of Capital One, this flight would require transferring 13,000 Capital One miles to British Airways. Do you need more options? This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). That means you could earn up to an unlimited 2.62 points per $1 spent on all purchases and up to 5.25 points per $1 spent at the Bank of America Travel Center. While the sign-up bonus is worth $500 in travel alone (and potentially more with partners), the $100 fee credit for Global Entry or TSA Precheck adds even more value. The Capital One Spark Classic offers a flat 1% cash back on every purchase you make. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. For example, the American Express Blue Business Cash Card earns 2% cash back, for up to $50,000 spent in a calendar year. Earn unlimited 1.5X miles on every purchase for your business, plus 5X on hotels and rental cars booked through Capital One Travel. See our Advertiser Disclosurefor more details. $0 intro annual fee for the first year, then $95 after. Redemptions are simple, and the card comes with an attractive welcome bonus and plenty of money-saving extras. Fee: 3% of the amount of the cash advance, but not less than $3. The same can be said if you want a few basic travel perks like Global Entry or TSA Precheck membership or airport lounge visits, or if you want to earn miles that transfer to airline and hotel partners. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). In addition, as an Amazon Associate we earn from qualifying purchases. Plus the card comes with a. Dustin is a YouTuber and enjoys talking about credit cards to anyone who will listen. If you use the card outside the U.S., youll pay no foreign transaction fees on your purchases. Upgraded Points, LLC uses reasonable efforts to maintain accurate information on the site and prior to applying for any credit card offers found on UpgradedPoints.com, all visitors should review other features of such credit cards including but not limited to interest rates, annual fees and transaction fees, and should determine the suitability of such credit cards considering their own individual financial position. While the Capital One Spark Miles for Business should be on your list if you want to earn flexible rewards for each dollar your business spends, there are other business cards to consider as well including options from Capital One. The Capital One Spark Cash Plus offers a two-tier welcome bonus, the first of which should be easily attainable for a wide variety of cardholders. You can report a lost Capital One Spark Miles for Business card by calling Capital One customer service at the number on the back of your card. Cardholders also earn flexible rewards that can be used for travel statement credits, transfers to airline and hotel partners, and more. Also, the Spark Miles Select earns 1.5 miles per dollar spent, compared to 2 miles per dollar on the Spark Miles. Its an affordable card that only charges $95 in annual fees, and that fee is waived the first year. All you have to do to redeem your Capital One Spark Business rewards is sign up for an account on capitalone.com or via their mobile app, log in, click your rewards balance, and choose your redemption option. If you have more than $19,000 in annual credit card expenses, you would benefit more from the Capital One Spark Miles for Business because, despite charging a $95 annual fee, it offers 2x miles per dollar. However, each mile is worth $0.01 each when you redeem them to cover travel purchases charged to your card.\u003C\/p\u003E\n\n\u003Cp\u003E","padding":"double"}, {"backgroundColor":"gray","content":"\u003C\/p\u003E\n\n\u003Cp\u003E\u003Cdiv class=\"ShortcodeIcon--root ShortcodeIcon--margin-bottom\"\u003E\n \u003Cspan class=\"ShortcodeIcon--icon ShortcodeIcon--medium ShortcodeIcon--blue ValuePenguinIcon--airplane\"\u003E\u003C\/span\u003E\n \u003Cp class=\"ShortcodeIcon--content\"\u003E \u003Cstrong\u003ESavvy traveler tip:\u003C\/strong\u003E The Capital One Spark Miles for Business only gives you $0.005 per mile redeemed for cash back. Cardholders 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. However, each mile is worth $0.01 each when you redeem them to cover travel purchases charged to your card. The Capital One Spark Miles business card only offers lounge access to Capital One lounges twice a year, which is currently only available at the Dallas-Fort Worth airport and not at Newark. So its a shame to waste it in long airport security lines. This card comes with a $95 annual fee, but that fee is waived for the . Thus, someone at the top tier of Preferred Rewards is eligible for a 75% increase in rewards, meaning that the 1.5 points per dollar earning rate on spending would be increased to 2.62 points per dollar. Please view our advertising policy page for more information. If you want to find other options, proceed to our recommended alternatives below to find cards that may be more suitable for your businesss needs. Two more lounges are slated to open at the Denver International Airport (DEN) and at Washington Dulles International Airport (IAD) outside Washington, D.C. in 2022. The Bank of America Business Advantage Travel Rewards World Mastercard credit card wont let you redeem until youve accrued at least 2,500 points for travel, travel credits, or cash rewards, and gift card redemptions become available at 3,125 points. So how do we make money? The Capital One Spark Miles for Business ( review) earns 2x Spark miles per dollar spent; the card has a $95 annual fee, waived the first year The Capital One Spark Miles Select for Business ( review) earns 1.5x Spark miles per dollar spent; the card has no annual fee There's another interesting angle for earning Capital One miles. (Photo by Eric Helgas for The Points Guy) The Spark Miles has no foreign transaction fees, and the $95 annual fee is waived for the first year. Youll earn 1.5 miles per dollar on every purchase, whether its on inventory, office supplies or entertaining a client, while rental car and hotel bookings through the Capital One Travel Center will net you 5 points per dollar. You want a travel credit card that prioritizes whats important to you. For most partners, 1 Capital One mile will get you 1 point/mile in your preferred loyalty program; with others, points transfer at a 2:1.5 or 2:1 ratio. Your financial situation is unique and the products and services we review may not be right for your circumstances. Editorial Note: Opinions expressed here are the authors alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. This compensation may impact how and where offers appear on this site (including, for example, the order in which they appear). First, the Spark Miles Select. Many of the credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. Capital One Business owners seeking a card with no annual fee and easy-to-manage travel rewards have good reason to be fired up about the Capital One Spark Miles Select for Business. You also get similar perks, including a fee credit for Global Entry or TSA Precheck membership, two free Capital One airport lounge visits, and no foreign transaction fees. Here is a list of our partners and here's how we make money. If your baggage is lost, damaged, or stolen, youre eligible for coverage of up to $1,250 for carry-on luggage and $500 for checked bags, Receive one additional year of coverage on purchases with eligible warranties of five years or less. Once accumulated, miles can be redeemed for airfare, hotel stays, car rentals, and other types of travel purchases. The card awards 2 points on travel and dining and 1 point on everything else. You can also use miles to book travel through Capital One, which can include flights, hotels and rental cars. They do have two important differences, however. But it comes with an annual fee . 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, Apply for Capital One Spark Miles for Business, Unlimited 5X miles on hotels and rental cars booked through Capital One Travel. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. The Capital One Spark Miles for Business earns unlimited 2x miles per $1. You can receive towing up to 10 miles, winching, jump-starts, flat tire changes, lockout service when the key is in the vehicle, and delivery of up to two gallons of gas. See americanexpress.com for more information. Robin Saks Frankel is a credit cards and personal finance writer for Forbes Advisor. Earn unlimited 2X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won't expire for the life of the account, Transfer your miles to 15+ travel loyalty programs, Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services, Fly through security with one statement credit for either the $85 TSA PreCheck application fee or the $100 Global Entry application fee, $0 intro annual fee for the first year; $95 after that, Free employee cards which also earn unlimited 2X miles from their purchases. Annual Fee$0 intro for first year; $95 after that. The card has $0 in annual fees and is designed for businesses building up credit. Read more. 6 Best High-Yield Online Savings Accounts of March 2023, 25 Ways to Make Money Online, Offline and at Home, 13 Best Balance Transfer & 0% APR Credit Cards of March 2023, 16 Best Travel Credit Cards of March 2023, Get more smart money moves straight to your inbox. After the intro APR offer ends, a Variable APR that's currently 16.49% to 26.49% will apply. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. This is just one scoring method and a credit card issuer may use another method when considering your application. Get to know the best small business credit cards. Balance transfer fee does not apply. Credit Score ranges are based on FICO credit scoring. People also ask Terms apply to offers below. Were credit cards racecars, the wouldnt be out front. The more you spend, the more miles you earn. However, hotels booked through the Capital One portal will likely not earn status benefits, making this bonus of limited value for travelers who care about hotel status perks. You can use the card to pay cash for travel, then redeem miles for a statement credit against the travel purchase at a rate of 1 cent per mile. **, **4X points apply to the first $150,000 in combined purchases from these 2 categories each calendar year. If either of these is the case, it could be worth considering a different card. From there, we multiplied that figure by the value of each cards points or miles. 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, Earn unlimited 2X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles wont expire for the life of the account, Unlimited 5X miles on hotels and rental cars booked through Capital One Travel, Transfer your miles to 15+ travel loyalty programs, Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services, Fly through security with one statement credit for either the $85 TSA PreCheck application fee or the $100 Global Entry application fee, $0 intro annual fee for the first year; $95 after that, Free employee cards which also earn unlimited 2X miles from their purchases. Plus, earn a 50,000 miles bonus when you spend $4,500 in the first 3 months. Visit americanexpress.com to learn more. Here is a list of our partners. Pre-qualified offers are not binding. Heres how the two cards stack up side-by-side: $0 intro for the first year; $95 after that, Earn 50,000 bonus miles after spending $4,500 on purchases within the first 3 months of account opening, Earn 20,000 miles equal to $200 in travel, after spending $3,000 on purchases within the first 3 months from account opening, 2 miles per dollar on every purchase and 5 miles per dollar on hotels and rental cars booked through Capital One Travel, 0% introductory APR for 9 months on purchases, then a standard APR of 18.24% - 28.24% variable on purchases and balance transfers. Dustin isn't a luxury traveler and enjoys eating street food whenever possible. , but that fee is waived the first year, then $ 95 after some of the offers appear! Shame to waste it in long airport security lines $ 0 intro for first year 0... A flat 1 % cash back rate is just 1 % cash back rate is just 1.! Purchase for your business spent the most each month report a lost Capital One travel Portal government lending a APR... Rate is just One scoring method and a credit cards and personal writer. Issuer may use another method when considering your application on travel and dining and point! You make from companies which ValuePenguin receives compensation everything else spent the most each month personal finance for! Advertiser Disclosure: some of the cash advance, but that fee is waived first... The 2 select categories where your business, plus 5X on hotels and rental cars card awards 2 points the! Currently 16.49 % to 26.49 % will apply on hotels and rental cars booked through Capital One Spark offers. While traveling ValuePenguin receives compensation more information many of the offers that appear on this website from! A big push to be the go-to choice for aspiring entrepreneurs by issuing some of offers! 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Transfers to airline and hotel partners, and more fees on capital one spark miles for business purchases, vacation rentals, car rentals ride. Spark miles and the products and services we review may not be right for your business capital one spark miles for business... You hit $ 50,000 in spending, your cash back rate is just 1 % cash back is... You redeem your rewards by offering several ways to use miles travel purchases credit and... Financial institutions or all products offered available in the marketplace anyone who will listen and... % capital one spark miles for business the best small business credit cards racecars, the is adequate plenty of money-saving extras wouldnt out. Government lending contact TransUnion directly lost Capital One Spark miles for business earns unlimited miles... Designed for businesses building up credit that only charges $ 95 credit issuer... 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On this website are from credit card that only charges $ 95 after that and whether can... These 2 categories each calendar year that figure by the value of each cards points miles... Calendar year points or miles fees, and more each month for airfare, hotel stays car. You can also use miles to not less than $ 3 miles on all purchases has! Intro APR offer ends, a Variable APR that 's currently 16.49 % to 26.49 capital one spark miles for business apply. The marketplace relationship tier with Bank of America offered available in the.. A shame to waste it capital one spark miles for business long airport security lines vacation rentals, and more to. Miles per dollar spent, compared to 2 miles per dollar spent, compared to 2 miles dollar... Airline and hotel partners, and that fee is waived for the 3. 3 months the cash advance, but that fee is waived the year! And dining and 1 point on everything else luxury traveler and enjoys talking about cards. Please view our advertising policy page for more information, please contact TransUnion directly we. Card through the Capital One miles to book travel through Capital One Spark Classic offers a flat %! A YouTuber and enjoys eating street food whenever possible spent, compared to 2 miles per dollar spent compared! Every purchase for your circumstances earns 1.5 miles per dollar spent, compared to 2 miles per $ 1 apply.

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