|Highlights||Credit Card Feature|
|Things We Like||Signing bonus of 20,000 miles|
|Our Least Favorite||Partial redemption's for travel purchase not allowed|
|Our Verdict||Great card for earning 1.5 miles for every $1 spent on purchases|
Capital One® Spark® Miles Select for Business is a credit card that is targeted at entrepreneurs or business owners. This business card doesn't have any annual fee and is a Visa card. Not only does it give you a credit card for your business expenses, it also gives you the opportunity to earn a wide variety of rewards on your spending.
Here we'll do a detailed review of Capital One® Spark® Miles Select for Business, one of the more popular business credit cards in the US, and tell you what we like and dislike about this card.
Things We Like About Capital One® Spark® Miles Select for Business
Earn a one-time bonus of 20,000 miles after spending $3,000 on purchases within 3 months of approval.
No annual fee. You will receive all the benefits of this Capital One business credit card for free without having to pay any annual fee.
0% intro APR on purchases for 9 months. You will enjoy the benefit of having a 0% intro APR on purchases for 9 months, after which you'll have the regular 13.49% - 21.49% variable APR depending on your business' credit score and other factors.
Receive 1.5 miles for every $1 spent on purchases every day. On all purchases you will receive 1.5 miles for every $1 you spend on purchases.
Miles can be redeemed for cash, merchandise, gift cards or travel. Another advantage you have with this card is that you can use your Miles for more than just traveling; you can also redeem them for cash, gift cards and merchandise.
Two ways to redeem your Miles for travel: (1) Contact their Rewards Center toll free to book your travel, or (2) Buy your travel (flights, travel packages etc) anywhere you choose–online, in person, or over the phone - with your Spark Miles Select card. You'll then have 90 days from the date your travel purchase posts to your account to call their Rewards Center or redeem your miles online to be reimbursed for the cost of the travel purchase.
No limit on the amount of miles you earn and miles never expire. You will not feel pressured to spend your miles by a certain date or to only be allowed to accumulate a certain amount since they will never expire and you can feel free to accumulate them for as long as you want.
No blackout dates or seat restrictions when booking air tickets on any airline. You will be able to get a seat (if any is available) in any class you desire and to any destination.
Get additional employee credit cards with no annual fees. This is a good deal if you have a small business and you have to provide your employees with a credit card. In addition to not paying an annual fee for any additional employee credit cards, you'll also be able to set spending limits on each of the employee credit cards and track their purchases on your monthly statement.
Free itemized report on your business spending. At the end of every year, so as to help you better organize your finances, spot any tax deductions and plan the next year's budget, you will receive a free itemized report of all your spending that current year.
$0 Fraud Liability Protection. To make you feel more secure and protected, this card also includes a $0 Fraud Liability Protection, so if your card is ever lost or stolen, you will not be held responsible for any unauthorized charges from your card.
Purchase Security and Extended Protection. Purchase Security automatically protects most purchases you make with your business credit card within 90 days of purchase in the event of damage, loss, theft, or fire, up to a maximum of $10,000 per claim and $50,000 per cardholder. Extended Protection doubles the time period of the original manufacturer's written U.S. warranty up to 1 year on warranties of three years or less.
Have your company's logo or any image on your card. With Capital One Image Card, you can easily upload your company's logo or a photo of your business. This customized card design helps you promote your business every time you use your card.
Free auto rental collision damage waiver. When you rent a car with this business credit card, you'll be covered with collision, damage, and loss insurance.
Travel and emergency assistance. When you're traveling for business anywhere, you can feel more secure knowing you can rely on a number of Visa emergency services 24/7 such as ticket replacement, medical or legal referrals and more.
Various discounts. This credit card also offers various discounts to help you save money on things like dining and staying at certain business hotels.
Online Banking. You can access and manage your account whenever it's convenient for you. With online banking, you can view account activity, pay bills, view and download up to 13 months of statements, and more. You will also receive online summaries each quarter and at the end of the year.
Experienced small business customer service. No more recorded messages or being put on hold. If you have any questions, call them toll-free at 1-800-867-0904, and their representatives, who are specially trained to deal with business owners, will help you.
No foreign transaction fees. This is a good benefit to have on a travel card, as it lets you use your card outside of the US without paying an additional fee.
Our Least Favorite Things About Capital One® Spark® Miles Select for Business
Partial redemption's for travel purchase not allowed. You need to have the number of Miles required in order to redeem for your selected travel purchase. See table below. So if you have less than 15,000 Miles, you can't use your Miles to reimburse part of your travel purchase until you've reached at least 15,000 Miles.
No balance transfer 0% intro APR. You will have a 13.49% - 21.49% variable APR on balance transfers.
How Other Cards Compare With Capital One® Spark® Miles Select for Business
Capital One® Spark® Cash Select for Business is the cash back cousin of this miles credit card. You earn 1.5% cash back on every purchase, every day by using this card to pay for purchases. by contrasts, Capital One® Spark® Miles Select for Business lets you earn 1.5 miles per $1 on every purchase, every day. In our opinion, the cash back card is more flexible because you can use the cash you redeem to pay for travel if you choose to, but you can also use it towards any other expense. Capital One® Spark® Miles Select for Business makes it easier to redeem your rewards for travel, but you will have more hassles redeeming your miles towards other expenses. Like Capital One® Spark® Miles Select for Business, you pay a $0 annual fee for Capital One® Spark® Cash Select for Business and it comes with a 0% intro APR on purchases for 9 months (13.49% - 21.49% variable APR after that). The business features are the same as those you get with other Spark credit cards. You get a one-time $200 cash bonus after you spend $3,000 on purchases within 3 months of approval (Capital One® Spark® Miles Select for Business gives you a one-time bonus of 20,000 miles once you spend $3,000 on purchases within 3 months of approval).
Capital One® Spark® Miles for Business is an upgraded version of Capital One® Spark® Miles Select for Business that lets you earn 2 miles per $1 on every purchase, every day. That's 25% more miles per dollar than you get with Capital One® Spark® Miles Select for Business. The bonus is also bigger, at 50,000 miles once you spend $4,500 on purchases within 3 months of approval (one-time bonus). The biggest difference between this card and the Select version is that this card has an annual fee ($0 intro annual fee for the first year, $59 after that) and does not give you an introductory low APR period (the 17.49% variable APR applies from day 1). If you charge a lot of money to your credit card account, the extra miles you earn with this card can easily cover the cost of the annual fee, and then some. But if you prefer to avoid taking on financial obligations, then Capital One® Spark® Miles Select for Business with no annual fee will give you most of the same perks.
If you want a decent rate of miles on all purchases with no limit to how many miles you can earn, plus useful business benefits, then Capital One® Spark® Miles Select for Business is a solid no annual fee option.
Capital One® Spark® Miles Select for Business is quite an attractive business credit card with lots of benefits to offer you and your business. As with all Capital One business cards, you get benefits such as a free year-end summary, free employee cards, free customized card design, purchase security and extended protection, $0 Fraud Liability, and many more.
The most attractive feature of this card is that it has no annual fee and offers a 0% intro APR on purchases for 9 months, 13.49% - 21.49% variable APR thereafter. The one-time bonus of 20,000 miles that you can earn after spending $3,000 on purchases within 3 months of approval is also a great feature.
Out of all Capital One business credit cards reviewed, only this card, Capital One® Spark® Classic for Business, and Capital One® Spark® Cash Select for Business don't have any annual fees. Capital One® Spark® Miles Select for Business lets you earn 1.5 miles for every dollar you spend on purchases and you can redeem them for travel, cash, merchandise or gift cards.
Capital One® Spark® Miles Select for Business is especially ideal for entrepreneurs or business owners who like to redeem for a wide variety of rewards such as air tickets, cash, gift cards, brand-name merchandise and more.
GET.com has a large selection of Business Credit Cards with the latest updated offers directly from banks, whether your business has excellent, good or just average credit. While we do all we can to throw light on the fine print, we recommend that you read the card's terms & conditions before you apply.
Ivan Daniel is a writer at GET.com. Email: firstname.lastname@example.org.Editorial Disclosure: Any personal views and opinions expressed by the author in this article are the author's own and do not necessarily reflect the viewpoint of GET.com. The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities.
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