Improve earnings, maximize rewards and track progress toward dream trips. This is not an exhaustive list and may frequently change. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. (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. airline and hotel loyalty programs, including, and Accor Hotels, to let you transfer your Capital One miles. Spark Miles for Business. Here are our picks for the. Editorial Note: The content of this article is based on the authors opinions and recommendations alone. 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. Points Panda and CardRatings may receive a commission from card issuers. Dustin Waller is a YouTuber and enjoys talking about credit cards with anyone who will listen. Until recently, however, her small business now grown to five employees didn't earn any points or miles on their business credit card. Image Credit: Capital One. But TPG's valuations peg the value of Capital One miles at 1.7 cents because you can transfer your miles to 19 airline and hotel partners. Youll just have to spend $4,750 each year on this card or just under $400 per month to recoup the annual fee. The value of your miles would depend on the transfer partner and the awards you choose.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'pointspanda_com-box-4','ezslot_3',140,'0','0'])};__ez_fad_position('div-gpt-ad-pointspanda_com-box-4-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'pointspanda_com-box-4','ezslot_4',140,'0','1'])};__ez_fad_position('div-gpt-ad-pointspanda_com-box-4-0_1');.box-4-multi-140{border:none!important;display:block!important;float:none!important;line-height:0;margin-bottom:7px!important;margin-left:0!important;margin-right:0!important;margin-top:7px!important;max-width:100%!important;min-height:250px;padding:0;text-align:center!important}. Not everyone will be able to apply for a business card, but you may be more eligible for a business card than you think. The Spark Miles for Business was created for you guessed it business owners looking to earn flexible rewards for their business expenses. While the card charges a higher $150 annual fee that is not waived the first year, it rewards you with 2% Cash Back on every purchase; 5% Cash Back on hotels and rental cars booked through Capital One Travel a much better return than the Capital One Spark Miles' rate on cash back. You can transfer your miles to more than 15 loyalty programs. Citi is an advertising partner. 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. 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. But it comes with an annual fee: $0 intro for the first year, then $95. This card helps you move through the airport faster by paying you back for the application fee for TSA Precheck or Global Entry up to $100 every four years. 2022 Points Panda. The Capital One Spark Cash for Business features a few standard business management tools and a handful of travel protections. See americanexpress.com for more information. PointsPanda LLC does not include the entire universe of available financial or credit offers. NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. Annual $200 cash bonus: Earn a $200 cash bonus every year. As mentioned, Capital One lets you transfer miles to a variety of hotel and loyalty programs. Capital One Spark Miles for Business. However, it also comes with no preset spending limit and adapts to your needs based on spending behavior, payment history and credit profile. We estimated an earning rate for the average consumer on multiple rewards credit cards based on U.S. Bureau of Labor data. He loves to see new parts of the world with his wife and son. Both cards are . From there, we multiplied that figure by the value of each cards points or miles. Its an affordable card that only charges $95 in annual fees, and that fee is waived the first year. The Spark Miles, on the other hand, earns 2 miles per dollar on everyday business purchases. See Also: Capital one spark business checking Show details Decent sign-up bonus If you make all your purchases at the card's standard 2x miles rate and redeem miles for the standard one cent per mile, you'll need to spend at least $4,750 on purchases annually to recoup the annual fee's cost ($95 / 0.02 = $4,750). It also comes with a welcome bonus of 15,000 Membership Rewards Points after spending $3,000 worth of purchases within three months of card membership. Card Rating*:. Earn 50,000 Bonus Miles After Spending $4,500 in the First 3 Months. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'pointspanda_com-large-mobile-banner-1','ezslot_8',144,'0','0'])};__ez_fad_position('div-gpt-ad-pointspanda_com-large-mobile-banner-1-0');The Chase Ink Business Cash has two earning categories: 5% and 2%. Cash back might be preferable to miles if you don't travel as often for business. You can use your miles when booking new travel through Capital One or you can use your miles to erase any eligible travel purchase youve made with the card in the last 90 days. All financial products, shopping products and services are presented without warranty. The Capital One Spark Miles for Business comes with a lucrative new cardmember offer: 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. The card's unique rewards structure favors businesses that spend a lot on travel and certain business purchases. Here are the card's basic details: Capital One Spark Miles for Business Highlights: 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 This information may be different than what you see when you visit a financial institution, service provider or specific products site. Terms apply to American Express credit card offers. And there's no minimum redemption amount as long as you're erasing an entire purchase. Verdict: A good option for consumers who want a higher bonus with similar rewards and perks. and get pre-negotiated discounts on what you and your employees need most. Looking for the best flight deals? : According to Capital One, this sign-up bonus may not be available for existing or previous Spark cardholders. Since we value Capital One miles at 1.85 cents apiece, the Spark Miles effectively offers a 3.7% return on all spending. View top business credit card offers. Related: How to choose the right credit card for your business expenses. Each cashback category has a spending limit of $25,000 and once that limit is reached, the cashback rate will be 1% for all future purchases. And unlike some other cards, the Capital One Spark Miles for Business doesnt deter you from spending a lot. Personally I value Capital One miles at 1.7 cents each, so to me this bonus is worth $850. Pre-qualified offers are not binding. You can also set customized spending limits for each authorized user card. But even if you already have one or more cards that earn bonus miles in certain categories, the Spark Miles card may be able to boost your earnings on purchases that don't fall into your current bonus categories. Global Entry speeds up customs screening for inbound travelers to the U.S. while TSA Pre expedites security screening for outbound travelers from the U.S. Cardholders of the Capital One Spark Miles for Business will get up to $100 worth of statement credits for their Global Entry (costs $100) and TSA (costs $85) applications every four years.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'pointspanda_com-leader-1','ezslot_9',143,'0','0'])};__ez_fad_position('div-gpt-ad-pointspanda_com-leader-1-0'); Read More: Best Redemptions Options With Capital One. Although theres a $95 annual fee (thats waived the first year), it wont be difficult to justify this cost for most businessowners. Non-travel redemption options include purchases made through Amazon.com or PayPal, as well as gift cards and cash back. 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. Transfers can be a good option if you're shy a few miles or points for booking an award in another program, but some, What to know before you start earning Capital One miles, When you travel for business, time is money. We care about your privacy and would never sell your information to 3rd parties, please see our. You can easily redeem your miles for a fixed value of 1 cent each, in which case the 50,000-mile bonus would be worth $500 towards travel. Previously, Capital One miles transferred at a 2:1.5 or 2:1 ratio to some of its best partners, but now the ratio is 1:1 for all programs except two. Shocking: Iberia and BA switch to Revenue-Based Avios Earning. Step 3: Type in the Number of Miles to Transfer. Let's take a look at some of the key details. Make sure to compare all your options based on their rewards, perks, and fees before you decide. 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. We value Membership Rewards points slightly higher than Capital One miles (2 cents each vs. 1.7), but the value you get from each currency depends on your personal travel habits and redemption goals. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within listing categories. If you're looking for simplicity, the Spark Miles card may be a good card for all your business spending since it earns two miles per dollar spent on all purchases. Capital One Spark Miles for Business: Key Features. Advertising & Editorial Disclosure Last Updated: 10/10/2022. business credit card for their side hustle. This card helps you move through the airport faster by paying you back for the application fee for. Here is a list of our partners and here's how we make money. The chart below shows how much value you get based on how you redeem your miles, and you can easily see that travel redemptions give you more bang for your buck. Read more. The overall value of Capital One Miles is 1.6 cent/point. Advertiser Disclosure: The products that appear on this site may be from companies from which ValuePenguin receives compensation. This bonus is worth $850 because I value Capital One miles at 1.7 cents each. No caps on miles earning makes this card more valuable for businesses that charge well over $50,000 every year. Among the new transfer partners, the Turkish Airlines Miles&Smiles program offers a surprising number of sweet spots that enhances the value of your Capital One miles. Capital One Spark Miles for Business Rewards rate: 2 miles per dollar spent. Once accumulated, miles can be redeemed for airfare, hotel stays, car rentals, and other types of travel purchases. For an explanation of our Advertising Policy, visit, Tropical Storm Nicole already disrupting travel: 3 Florida airports close, Breeze adds 100th route as it adds service from new airport in Southern California, 8 things to love about Royal Caribbean's smallest ship, Grandeur of the Seas, 6 reasons to get the Ink Business Unlimited Credit Card. The Spark Mile's 50k bonus is one of Capital One's biggest bonuses following the Capital One Venture Card's 60k bonus. The card comes with an annual fee of $0 intro for first year; $95 after that, so you have a full 12 months to try out this card's benefits and rewards before you commit. Your miles can be used to redeem both travel and non-travel awards. Learn more: NerdWallets best no-annual-fee travel credit cards. Transfers can be a good option if you're shy a few miles or points for booking an award in another program, but some transfers are better than others. Setting limits for employee cards can help to manage budgets. Another useful perk is a statement credit for a Global Entry or TSA PreCheck application fee every four years (up to $100). This compensation may impact how and where offers appear on this site (including, for example, the order in which they appear). This compensation may impact how and where links appear on this site. If you want a simple card that earns the same amount on every purchase, you may be better off with the Capital One Spark Cash Plus card, which gives you unlimited 2% Cash Back on every purchase; 5% Cash Back on hotels and rental cars booked through Capital One Travel. And since the Ink Business Cash comes with free employee cards, meeting the spending requirements can be done faster because employee purchases count towards the account owner. Owners of smaller businesses who wont charge a lot of on the card should look into cards with lower or no annual fees, like theBank of America Business Advantage Travel Rewards World Mastercard credit card. If youre not fully convinced with the Capital One Spark Miles for Businesss features, there are other starter business credit cards that can offer better rates or welcome bonuses. Earn 2x Miles on all purchases. Points Panda has partnered with a variety of financial companies including CardRatings for our coverage of credit card products. And if you spend $4,500 within the first three months, you get a 50,000 miles bonus with . Upon approval, youll receive your new Capital One Spark Miles card in the mail within 7 to 10 business days. This site does not include all credit card companies or all available credit card offers. Capital One Spark Miles review: Rewards that are easy to earn, redeem. The Capital One Spark Miles for Business credit card is offering a 50,000-mile sign-up bonus, which is earned once you spend $4,500 on purchases in the first three months of account opening. For some business owners, the Capital One Spark Miles for Business is well worth the annual fee. These responses are not provided or commissioned by the bank advertiser. Capital One Spark Miles Benefits 50k offer: earn 50,000 Capital One Miles after spending $4,500 in the first 3 months. Points Panda LLC does not include all financial companies or all available financial offers on this website. Step 2: Click Transfer Miles on the right side of your screen. The Ink Business Preferred Credit Card is a superior travel rewards card that offers a better sign-up bonus and more valuable rewards and travel benefits than the Capital One Spark Miles card. All financial products, shopping products and services are presented without warranty. The Capital One Spark Miles For Business gives new cardholders a solid 50,000 bonus miles after reaching the spending threshold of $4,500 within three months of account opening. Travel Purchases via Capital One Travel. Save my name, email, and website in this browser for the next time I comment. Is the Capital One Spark Miles for Business worth it? The Blue Business Plus doesn't have an annual fee (see rates and fees) and earns 2x points Amex Membership Rewards points per dollar on purchases, but the two points per dollar spent earning is only on the first $50,000 spent per calendar year (you'll earn one point per dollar spent thereafter) and the card charges a 2.7% fee on foreign transactions (see rates and fees). Note, however: Existing Spark Cash cards will still continue to report your business line to a personal report. Just use the card to pay the application fee and youll be reimbursed. How to choose the right credit card for your business expenses, peg the value of Capital One miles at 1.7 cents, transfer your miles to 19 airline and hotel partners, Step-by-step: How to complete a Capital One business credit card application, statement credit for a Global Entry or TSA PreCheck application fee, 5 lesser-known perks of the Capital One Spark Miles for Business, These are the Capital One credit cards that earn transferable miles. The current welcome bonus is not nearly as. The Capital One Spark 2X Miles is a solid pick for business owners who want a simple way to earn competitive travel rewards. Terms apply. View the current offers here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). If you do a lot of international travel, the Capital One Spark Miles for Businesss no foreign transaction fee feature is like money in the bank. Employee cards are free and also earn 2x on all spending. The Capital One Spark Miles for Business is a great option if you're looking for a business credit card that earns you bonus rewards without lots of hoops to jump through. From Chase, the closest competitor would be the Ink Business Unlimited Credit Card. The Capital One Spark Miles for Business is known for the flexibility of the rewards you earn. The Capital One Spark Miles for Business gives you more control over how you redeem your rewards by offering several ways to use miles. You can book your travel your way. 3. Editorial disclaimer: Opinions expressed here are the authors alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. Redemption Option. The Capital One Venture Rewards Credit Card is worth considering if you want a rewards credit card for personal expenses instead of a business credit card. Preview / Show more . The $95 annual fee that comes . However, you can't expect a $0-annual-fee travel card to offer a huge sign-up bonus. If you're not sure how to transfer your Capital One miles and redeem for award flights or hotel nights, check out the following guides: Although transferring your miles will get you the most bang for your buck, if its simplicity youre after, you could redeem your miles at a fixed value of 1 cent apiece toward travel purchases. The site does not review or include all companies or all available products. This card is best for everyday purchases since it earns 2x miles per dollar spent on all purchases, with no annual limits to keep track of. This will give you anywhere from 0.6 to 2 cents per Spark Mile. If a large chunk of your credit card spending is focused in a category such as gas or office supplies, other cards offer a significantly higher return. The Capital One Spark Miles for Business is currently offering 50,000 miles after spending $4,500 on purchases within the first three months of account opening. If youre thinking of using your Venture Miles anytime soon, you might want Capital One Venture X Rewards Credit Card. Related: Best business credit cards for each category Redemption options (Photo by John Gribben for The Points Guy) However, each mile is worth $0.01 each when you redeem them to cover travel purchases charged to your card. No Top-Earning Spending Categories. But after you hit $50,000 in spending, your cash back rate is just 1%. Factoring in our valuation of 1.7 cents per mile, this means you'll get a 3.4% return, which is great for everyday purchases. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'pointspanda_com-large-mobile-banner-2','ezslot_10',145,'0','0'])};__ez_fad_position('div-gpt-ad-pointspanda_com-large-mobile-banner-2-0');The Ink Business Cash is good for micro-businesses that only spend between $25,000 $50,000 per year. You can use miles to pay for your travel by booking directly through the Capital One travel portal website, where youll also get a value of 1 cent per mile. So, TPG values the 50,000-mile bonus at $850, but you might be able to get even more value depending on which transfer partners you use (bonus value based on TPG valuation and not provided by issuer). Our rating: 4.2. Intro Bonus. The Capital One Spark Miles for Business has long been a solid business credit card, but it has became even more competitive recently with Capital One's expansion of loyalty partners and improved transfer ratios for select partners. The Spark Miles for Business earns Capital One Spark miles, rather than cash back, so you can directly earn travel rewards with the card The Spark Miles for Business has a welcome bonus of 50,000 Spark miles after spending $4,500 within the first three months The Spark Miles for Business has a $95 annual fee, which is waived for the first 12 months This means for every dollar spent: When evaluating offers, please review the financial institutions Terms and Conditions.
