Capital One® Spark® Miles Select Review: Up to 5x Points in Travel Rewards

Lyle is a writer specializing in credit cards, travel rewards programs, and banking. His work has also appeared on MSN Money, USA Today, and Yahoo! Finance.

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The Capital One® Spark® Miles Select for Business card is a great no-annual-fee option with a long list of benefits and an excellent rewards rate. However, there's also an area where this card is notably lacking. In this review, you'll get a complete look at what the Capital One® Spark® Miles Select for Business does well and where it could improve.

Ratings Methodology
Capital One® Spark® Miles Select for Business

Capital One® Spark® Miles Select for Business

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Why Apply

A competitive business travel card that's a fit for a one-card wallet. The unlimited rewards program, sign-up bonus, and 0% intro APR offer are a rare combination of valuable perks in this category.

Top Perks:
  • Unlimited 1.5 miles per $1
  • 0% intro APR offer
  • Sign-up bonus
  • Annual Fee: $0
  • Regular APR: 14.49% - 22.49% Variable
  • Intro APR: Purchases: 0%, for 9 months Balance Transfers: N/A
Highlights
  • Earn unlimited 1.5X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won't expire for the life of the account
  • Earn a one-time bonus of 20,000 miles – equal to $200 in travel – once you spend $3,000 on purchases within the first 3 months from account opening
  • Earn 5X miles on hotel and rental car bookings through Capital One Travel℠ using a Spark Miles Select card
  • Save on interest with 0% intro APR on purchases for 9 months; 14.49% - 22.49% variable APR after that
  • No annual fee
  • Transfer your miles to 10+ leading travel loyalty programs like JetBlue™, Air Canada, and Emirates™
  • Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services
  • Free employee cards which also earn unlimited 1.5X miles from their purchases
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Top perks

Unlimited 1.5 miles per $1 -- Capital One® Spark® Miles Select for Business offers flat-rate travel rewards, so every purchase earns you 1.5 miles per $1 spent. That rate is equal to many of the top no-annual-fee cards. Each mile is worth $0.01 when redeemed towards travel purchases.

Five miles per $1 on hotel and rental car bookings with Capital One Travel℠ -- If you or your employees do much business travel, you can earn a lot of points on those hotel and rental car expenses.

No annual fee -- This card doesn't have an annual fee, making it a great way to keep costs down.

20,000-point sign-up bonus -- You'll receive this bonus, which can be worth $200 towards travel, after you spend $3,000 within three months of opening your account. The ratio between the bonus amount and the spending minimum isn't great on this card, as $3,000 is a lot to spend for a $200 bonus. Still, it's hard to argue with free money.

0% intro APR -- You get a 0% intro APR on purchases for nine months. If you have any pressing business expenses you'll need to pay off gradually, this card will save you money on interest.

No foreign transaction fees -- You won't pay an extra fee for foreign transactions that you charge to this card.

Free employee cards -- If you need to ensure that your employees can make purchases on behalf of the business, you can issue them their own cards free of charge. You can also set spending limits on employee cards.

What could be improved

Travel redemption options -- Transfers to travel partners can potentially provide good value, but Capital One's transfer options are lacking. It doesn't offer transfers to any of the major domestic airlines and the transfer ratio isn't the best. Depending on the travel partner, you'll receive one or 1.5 miles for every 2 Spark® miles you spend.

If you redeem them at a fixed rate, you can use them to book travel through Capital One or apply them as a statement credit towards previous travel purchases on your bill. This isn't a bad option, but it's essentially just a more limited form of cash back.

Learn more >> Best business credit cards

Suggested credit score

You should have an excellent credit score when applying for Capital One® Spark® Miles Select for Business. That means a FICO® Score of 720 to 850. It's possible to get approved with a lower credit score, but you're rolling the dice on whether you'll be approved or denied.

Alternatives to consider

It's always smart to shop around before you commit to a specific credit card. To help you figure out if the Capital One® Spark® Miles Select is the right choice, it may be worth comparing to Chase's Ink collection of business cards.

Ink Business Preferred Credit Cards includes a robust rewards program that earns you up to 3 per $1 on travel and a big sign-up bonus for a justifiable annual fee.

Ink Business Cash Credit Card isn't a travel card per se but applying cash back as statement credits against travel purchases is a good option. The flexibility to redeem rewards for an array of purchases, the big sign-up bonus, and premium cash back program are surprising to find in a no-annual-fee card.

As of Jan. 07, 2020
Ink Business Preferred Credit Card Ink Business Cash Credit Card
Rating image, 4.0 out of 5 stars.
4.0 stars
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Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor.
Rating image, 4.0 out of 5 stars.
4.0 stars
ToolTip Icon for Star Rating. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor.
Apply Now
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On Chase's Secure Website.

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On Chase's Secure Website.

Credit Rating Requirement: Good/Excellent Clickable tooltip icon for credit rating info.

Credit Rating Requirement: Good/Excellent Clickable tooltip icon for credit rating info.

Bonus: 80,000 bonus points after spending $5,000 on purchases within 3 months. That's $1,000 towards travel booked with Chase. Bonus: $500 bonus after spending $3,000 on purchases within 3 months
Rewards Program: 3 points per $1 on the first $150,000 spent on travel and select business categories, 1 point per $1 on all else. Points are worth 25% more when you redeem for travel through Chase. Rewards Program: 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each year, 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each year, 1% cash back on all else
Intro APR: Purchases: N/A Balance Transfers: N/A Intro APR: Purchases: 0%, 12 months Balance Transfers: 0%, 12 months
Regular APR: 17.74% - 22.74% Variable Regular APR: 14.99% - 20.99% Variable
Annual Fee: $95 Annual Fee: $0

Highlights:

  • Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®
  • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year
  • Earn 1 point per $1 on all other purchases with no limit to the amount you can earn
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards
  • Redeem points for travel, cash back, gift cards and more - your points don't expire as long as your account is open
  • No foreign transaction fees
  • Employee cards at no additional cost
  • $95 Annual Fee

Highlights:

  • Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening
  • Named "Best Rewards Card for Small Business Owners" by Kiplinger's Personal Finance, July 2017
  • Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
  • Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
  • Earn 1% cash back on all other card purchases with no limit to the amount you can earn
  • 0% introductory APR for 12 months on purchases and balance transfers
  • Employee cards at no additional cost
  • No Annual Fee

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Apply Now
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On Chase's Secure Website.

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Apply Now
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On Chase's Secure Website.

This card is right for you if:

  • You want a no-annual-fee business card that earns travel points
  • Your business makes frequent hotel and/or rental car bookings
  • You have expenses to finance that you'll be able to repay within nine months

The Capital One® Spark® Miles Select for Business is an excellent choice if you want a travel rewards card that doesn't charge an annual fee. You'll earn a good rate on all your purchases and you won't pay any foreign transaction fees.

The card is even better for businesses with high hotel or rental car spending because you'll be earning 5 miles per $1 spent on those. Even among cards with annual fees, there aren't many that earn 5 miles per $1 on any purchases.

With the 0% intro APR offer, this card can also help with short-term business financing. But before you use it for that, calculate how long it will take you to pay off those expenses in full. If it's going to be much longer than nine months, you should probably shop around for personal loans or business loans instead.

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