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Capital One Spark Miles Review

Capital One Spark Miles for Business

The card that allows you to earn lots of rewards to be used on your future business trips.

The card we are going to yell you today seems to be a great option for those people who want to earn rewards for the trips ahead but don’t usually plan a big budget for these trips. This card allows cardholders to take advantage of the high rewards rates it has to offer.

Basic features and advantages of the card

Capital One Spark Miles for Business

The thing that makes the card so outstanding is that it rewards you 2 miles for every dollar you spend, no matter what your purchase is. This is a very appealing feature for those who prefer a card with no bonus categories to remember and no restrictions.

As a new cardholder, you qualify for the sign-up bonus of 50,000 miles if you manage to spend at least $4,500 within the first 3 months of using the card.

  • The card comes with rather high rewards rates. As a matter of fact, the majority of business cards available nowadays have limits in terms of the number of bonuses you can earn when making purchases in bonus categories and offer low effective rates for all the rest purchases. This may be a not big deal if you own a small business that spends a lot on purchases from bonus categories. These conditions may also be fine for you is you know that you’re very unlikely to exceed the limits preset. At the same time, if you know that you definitely will exceed these limits and you avoid the cards that require you to make purchases in certain categories to get more rewards, the Capital One® Spark® Miles for Business is the best option for you.
  • With this card you have flexibility as far as redemption process goes. The card promises 2 redemption options for you to choose from. The first one implies that you need to use the official portal of the Capital One to book your trips. In this case, the value you get for every mile amounts to $0.01. Alternatively, you can book your trip on any portal you like. Once you book it, don’t forget to use the Purchase Eraser® that allows a cardholder to get either a full or a partial statement credit for the purchase you made.

There is one fact about the Purchase Eraser feature that’s worth pointing out. The service has no limits in terms of the sum you can redeem. In other words, you can redeem every single mile you have accumulated on your account.

Our tip: You’re also free to choose a number of other redemption options including gift cards. Remember that when using these options, you redeem your miles at a lower value.

  • There are no additional charges to pay for using the card abroad. Cards issued by Capital One have one benefit that make them different from the majority of cards at the market – they have no fees that a cardholder is required to pay when using them abroad. This card is no exception. Consequently, you’ll be able to save some money and use it for a better purpose.

The reasons for you to consider applying for a different card and other cards for you to have a look at

There is no card that can be absolutely perfect for everyone. In case of this card, you may also have some doubts. If you do have them, we recommend you having a look at a number of alternative options.

Starwood Preferred Guest Business Credit Card from American Express

  • You’re the one who prefers having higher rewards rates with a card. If 2 miles for each dollar you spend seem to be not what you’re looking for, have a look at the Starwood Preferred Guest® Business Credit Card from American Express. The purchases made with this card go under the following rates: 2 Starpoints / $1 (for booking hotels and resorts directly via the Starwood official portal) and 1 Starpoint / $1 (for all the rest purchases).

At first glance, you may think that the rewards rates offered are not worth it. That’s why we want to draw your attention to the biggest benefit of the card – the value that you can get for your points. We’ve found out that each Starpoint is 2.3 cents worth if you decide to redeem your points to get free stays at the hotels offered by the card. Consequently, you can see that a Starwood cardholder can get more value for the points he/she has even if he/she only receives rewards according to the standard rate. The loyalty program that comes with the card allows you to transfer your points to the loyalty programs of the Starwood partners. The list involves more than 30 airlines. You’ll definitely find the airline you like flying with.

Once you get the card, you are given an opportunity to get a sign-up bonus of 25,000 Starpoints. You’ll get the reward if you manage to spend $5,000 with your card within the first 3 months.

SimplyCash Plus Business Credit Card from American Express

The card has no rewards to offer for your business purchases. If you want more flexibility in terms of getting rewards, you may want to have a look at a rather simple cash back card that offers some categories with higher rewards rates. We are talking about the SimplyCash® Plus Business Credit Card from American Express. This card goes with 3%, 5% and 1% rates for various purchases. In order to know more about the categories, you can either visit the official website of the issuer or find an article about devoted to this card. Speaking about the rewards rates, we think you need to be aware of the spending limit that amounts to $50,000 in both the categories (the categories with the rates of 3% and 5%). The card can be considered to be unique since it offers 2 sign-up bonuses. You’re rewarded the first bonus ($200 statement credit) if you manage to spend at least $5,000 paying for eligible purchases with the card during the first 6 months. As for the 2nd bonus ($200), it’s given to those cardholders who manage to spend the total sum of $10,000 within the first year of using the card. The card is also great from the point of view of those who prefer paying the purchases off gradually without the need to pay any interest. There is an interest free period that lasts for 9 months. We believe this time is enough for you to be able to pay off a couple of purchases you need to make for your business. There is only one fact about the card that isn’t that great – there is a fee of 2.7$ for the purchases you make with it when travelling.

Summary: Is the Capital One® Spark® Miles for Business the card that will be beneficial for you?

We’ve come to the conclusion that the card is great for those who like travelling and need a business credit card that will allow to earn the rewards they will be able to use to cover future travel expenses. At the same time, the card doesn’t fit you if you need a higher value for the points you earn and more options to earn higher rewards.

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