The Capital One Spark Miles Select for Business Review for 2020

When you spend with the Spark Miles Select, you’ll earn 1.5x travel rewards for every dollar, no matter what.

Overview

Quick Summary

The Capital One Spark Miles Select is a fee-free card that offers an unlimited 1.5x rewards for each dollar you spend. To sweeten the deal, it also comes with a 20,000-mile welcome offer and a 9-month 0% intro APR period.

Capital One Spark Miles Select for Business Intro Rates

For your first nine months with the Capital One Spark Miles Select for Business, your APR will be an even 0% as long as you make your minimum monthly payments on times every month.

After those first nine months, your APR will set in at a variable rate that will depend on your creditworthiness. This variable will also be the rate that will set in early if you forfeit your nine-month 0% intro APR period by missing a monthly minimum payment.

If you’re careful about making your monthly minimum payments on time, this intro period means that you can make a big-ticket purchase on your card and pay it off gradually over nine months without accumulating a single cent of interest.

Capital One Spark Miles Select for Business Rewards: Welcome Offer

Once you sign on as a Spark Miles Select cardholder, you gain access to the opportunity to earn a whopping 20,000 miles—you’ll just have to spend $3,000 during your first three months with the card.

Do you spend an average of at least $1,000 every month on your business? If you do, then the Spark Miles Select’s signing bonus could be yours with no change to your business spending habits.

Additionally, if you need to make that big purchase to pay off over your nine-month intro APR period, this welcome bonus’s spending threshold could be that much easier to reach.

Capital One Spark Miles Select for Business Rewards: Ongoing Offer

This is where the Spark Miles Select’s beauty lies—in its rewards rate’s simplicity.

For every dollar you spend with the Capital One Spark Miles Select for BUsiness, you’ll earn 1.5 miles. No matter where, no matter when.

Plus, there’s no annual cap on how many miles you can earn with this flat rate. So, as you spend on your business with the Spark Miles Select, you can rest easy knowing that you’re earning 1.5 miles per dollar every time you swipe.

Even better? The miles you earn while spending with your Capital One Spark Miles Select for Business will never expire throughout the life of your account.

Capital One Spark Miles Select for Business Annual Fee

Another feature that sets the Spark Miles Select apart from other business travel rewards cards?

Its $0 annual fee.

That’s right—you’ll be able to access the most straightforward travel rewards business credit card on the market for free.

Because its competitors—whose annual fees range from $95 to as high as $450—round in at such high prices, the Spark Miles Select is an outlier among business travel credit cards.

Is the Capital One Spark Miles Select Right for You?

Get the Capital One Spark Miles Select for Business if:

  • You’re looking for a no-fuss miles rewards card.
  • You don’t want to pay an annual fee.

Skip the Capital One Spark Miles Select for Business if:

  • You want even more generous travel rewards.
  • You’re looking for business credit cards with a longer 0% intro APR.

Why the Capital One Spark Miles Select for Business?

No Annual Fee

Its $0 annual fee is one of the main reasons that you should seriously look into the Spark Miles Select as a top choice for you business travel credit. Because the Capital One Spark Miles Select for Business doesn’t have an annual fee, you’ll know from the get-go that it will be lucrative for your business.

No more calculations or justifications that high-fee business travel credit cards require—the Spark Miles Select just provides earnings.

Flat-Rate Rewards

Another reason the Capital One Spark Miles Select for Business should be on your shortlist for you business travel credit card? Its simple, flat-rate rewards.

No matter your habits or preferences, the Spark Miles Select will give you the peace of mind that you’re definitely earning the most possible miles per dollar you can access.

Bypass all the math and strategic spending that other travel rewards business credit cards require, and know that you’re always optimizing your business spending with the Capital One Spark Miles Select.

No Rewards Cap

You won’t have to worry about maxing out your travel rewards returns either with the Spark Miles Select.

When we said you’ll be optimizing your business spending when you do it on the Spark Miles Select, we really meant it.

Your earning is pretty much unconditional with the Capital One Spark Miles Select for Business.

0% Intro APR Period

Though the Spark Miles Select is a straightforward card, that doesn’t mean it doesn’t come with its fair share of top-of-the-line perks that could save your business tons.

One of the most lucrative features a card can offer is a 0% intro APR period, and the Capital One Spark Miles Select for Business does just that.

No Foreign Transaction Fee

If you’re frequently traveling abroad for business, you’ll be happy to hear that the Spark Miles Select won’t charge you a foreign transaction fee for spending overseas.

Compared to its competitors, whose foreign transaction fees range all the way up to 3% for every dollar you spend abroad, the Capital One Spark Miles Select for Business is a money-saver.

Keep in Mind With the Spark Miles Select

No Top-Earning Spending Categories

The flat-rate 1.5x rewards that the Capital One Spark Miles Select for Business offers can be lucrative for businesses with irregular spending.

However, many business credit cards out there with tiered rewards programs will allow you to earn up to 5x rewards for specific spending categories. And most of the time, these categories will be pretty hospitable to typical small business expenses—think advertising, shipping, office supplies, and gas.

If you’re doing a lot of spending on typical small business expenditures, other business travel credit cards might bring your business more of a return than the Capital One Spark Miles Select for Business.

Small Signing Bonus

While the fact that the Spark Miles Select, as a no-fee card, comes with a signing bonus is pretty remarkable, it is still a pretty small signing bonus compared to some of its competitors.

The Spark Miles Select’s welcome bonus will end up being worth about $200 of travel. Some business travel cards like the Chase Ink Business Preferred offer welcome bonuses worth more.

If you’re looking for a card that will offer you a huge influx of value for becoming a cardmember, then you might want to look beyond the Capital One Spark Miles Select for Business.

Relatively Short 0% Intro APR Period

Of course, the fact that the Capital One Spark Miles Select for Business comes with a 0% intro APR period at all is a major upside to choosing this card.

That said, as far as 0% intro APR periods go, this card’s nine months of zero APR is actually relatively short.

So, if you’re looking for a business credit card specifically so you can pay down debt as affordably as possible, then you should look beyond the Capital One Spark Miles Select for Business and consider alternatives that provide an even longer 0% intro APR period.

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