Advertiser & Editorial Disclosure
CapitalOne, always a solid choice for business owners looking for business credit cards, is coming through big this time. Effective 10/22/2019, the and have been rolling out much bigger, much improved limited time welcome offers. Unfortunately, this limited time offer will be coming to an end on 1/27/2020.
Both cards are aimed more towards big spenders and waive the annual fee after the first year, and this new opportunity to earn big gives even more incentive to apply and wield this card for daily business purchases.
Capital One® Spark® Cash for Business
Capital One® Spark® Miles for Business
New Limited-Time Offers
The formerly offered a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening. Under the limited time offer, you can earn up to $2,000 in cash bonuses. Earn a $500 cash bonus when you spend $5,000 in the first 3 months and earn $1,500 when you spend $50,000 in the first 6 months of your account opening.
The standard earning rate for the term of your card membership will remain the same at But this offer of up to $2,000 won’t be around forever.
As for the , the offer is equally impactful if not more so. Previously, you could earn 50,000 Miles once you spend $4,500 on purchases within 3 months from account opening. The limited-time offer allows you to earn up to 200,000 bonus miles worth up to $2,000 to spend on travel—flights, hotels and more.
With respective increases of $1,500 and 150,000 miles, the and are here to help take your business to the next level.
And this isn’t just any limited-time offer, this type of offer is rare in the business credit card world. Many cards offer limited-time offers, but it’s not common to see this type of lift.
This is a big deal. Huge.
Keep in mind that both cards come with a $95 annual fee which is waived for the first year, but with this type of earning potential, you can earn that annual fee several times over just by going about business as usual.
Using Your Rewards
The increased value is certainly easier to see for the ; another $1,500 can work wonders for your small business, but what about the extra miles with the ?
Rewards miles, when not restricted to a certain airline, can be valued at about 1 cent apiece. This means that the additional miles with the equals out to about the same as the additional $1,500 with the . Either way, you can win big.
An extra $1,500 can help pay down debt to build your business credit score, to help purchase equipment for your business, or help with a new marketing campaign. Rewards miles can also help build your business by taking you to see clients face to face or even allow you to incentivize performance for your employees with a free flight.
Alternatives
If you’re not able to qualify for either of the above options, there are still other options available to you, although they may not have such generous offers for you.
For more options, see Nav’s articles on the best travel credit cards or best rewards credit cards for your small business. You can also check your personal and business credit scores for free with Nav, to get your business in a better position to qualify for financing. Nav’s Business Loan Builder plan gives you in-depth perspectives on your business credit so you can get set up to apply for a business loan and level up your business.
Check out Business Boost
Get your full business credit reports & scores, PLUS Nav reports your account payments to the business bureaus as a tradeline.
Explore Business Boost
I already have a capital one card and I’m maxed out / There is no way they are going to give me one
Hi I am disabled veteran who is looking for a free business grants. Please I need help.
Hi I am disabled veteran who is looking for a free business grants. Please I need help.
Bobby,
At Nav we help small business owners find financing but we don’t offer grant research services. I’d encourage you to talk with a local business mentor, such as a SCORE mentor or SBDC advisor. The SBA local assistance locator can help you find business help. They consult with entrepreneurs for free.
Can I get two CapitalOne Spark Cash business credit cards? I already have one for my S-corp and the card works well with my business model. My second business is a sole proprietorship. Wondering if I qualify for the bonus on the second card if I apply.