Capital One® Spark® Miles Select for Business

Advertiser & Editorial Disclosure

A good business card can really help, especially if you’re an entrepreneur that travels often. The is a no-annual-fee card that comes with an attractive and a 20,000 bonus miles spending promo. Aimed at those with excellent credit, it’s full of travel-ready perks and protections, too. Pros and Cons Perks include:… Continue

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Slightly lower rewards rate in exchange for a lower APR

Capital One® Spark® Miles Select for Business

Intro APR 0% on purchases for 9 months
Annual Fee $0

Rates and Fees

Intro APR 0% on purchases for 9 months
Purchase APR 15.24% - 23.24% (Variable)
Annual Fee $0
Welcome Offer 20000 Miles once you spend $3,000 on purchases within 3 months from account opening
Rewards Rate 1.5 Miles per $1 on every purchase.

Details

  • Earn 1.5 miles per $1 on every purchase
  • Plus, a one-time bonus of 20,000 miles once you spend $3,000 on purchases within 3 months from account opening
  • Miles won't expire for the life of the account, and there are no categories to limit where or what you buy
  • Save on interest with 0% intro APR on purchases for 9 months; 15.24% - 23.24% variable APR after that
  • Pay no annual fee or foreign transaction fees
  • Get online Quarterly and Year-End Summaries
  • There's no limit to the amount of miles you can earn
  • Fly on any airline, anytime, with no blackout dates or seat restrictions

Nav's Verdict

Bottom Line A good option for businesses that are ok with a slightly lower rewards rate in exchange for a lower APR.

A good business card can really help, especially if you’re an entrepreneur that travels often. The Capital One® Spark® Miles Select for Business is a no-annual-fee card that comes with an attractive 0% on purchases for 9 months and a 20,000 bonus miles spending promo. Aimed at those with excellent credit, it’s full of travel-ready perks and protections, too.

Pros and Cons

Perks include:

  • 1.5 Miles per $1 on every purchase.
  • 0% on purchases for 9 months
  • No foreign transaction fees
  • 20000 Miles once you spend $3,000 on purchases within 3 months from account opening
  • $0 annual fee

Cons include:

  • No opportunities to earn higher mileage rewards rates for special categories
  • Requires an excellent credit profile
  • 15.24% - 23.24% (Variable) after the intro period

Summary of the Capital One® Spark® Miles Select for Business

Just one of the popular options in the line of Spark business cards from Capital One, the Capital One® Spark® Miles Select for Business gives cardholders a simple way to save for future travel plans with its earning structure. There are no special categories to sign up for, and your miles are credited automatically at the end of each billing cycle. Use them to save on airfare, hotel, or other travel costs; there is no cap to the miles you can earn in any year with Capital One card.

Full Review

There are so many travel cards on the market today, and you may be tempted to settle for a card that rewards loyalty to just one airline, hotel chain, or rental car service. One of the most attractive perks of this card is that it’s a multi-purpose travel rewards card; your miles earned can be used for dozens of savings opportunities – not limited to one brand or travel chain. Get gift cards or credit for purchases already made.

With an above average earning rate, it’s above average for the lowest tier of earning for most travel cards, and slightly less than their top tier. Receive 1.5 Miles per $1 on every purchase. This means that you can buy without consideration to earning categories and come away with a competitive earning rate on everything you purchase. The simplified earning tier, combined with the outstanding bonus offer of 20000 Miles once you spend $3,000 on purchases within 3 months from account opening, gives you quite the boost to savings on your next trip or business excursion, with no minimum to redeem.

There are also some attractive protections and travel services for this card, which includes:

  • 0% fraud liability (you won’t have to pay for unauthorized purchases)
  • purchase security (get a full replacement, repair, or reimbursement for damaged or stolen items in the first 90 days)
  • extended protection (get up to a one-year additional manufacturer warranty on items purchased with the card)
  • Visa® SavingsEdge (up to 15% savings on partner offers)

Other benefits include auto rental collision and damage waiver coverage, so you don’t have to pay for the rental agency’s extra insurance and 24/7 travel and emergency assistance. Both coverages are good to have if you or your employees travel often and can save money on extra services over the life of your card. There are also no foreign transaction fees, which is a vital perk if you travel overseas.

Cardholders will also get free cards for their employees, which earn miles, as well. With no annual fee and an interest-free intro period of nine months, there’s not much to lose by trying this travel card instead of a branded card with restrictions on where and how you can use the miles earned.

Is the 20000 Miles once you spend $3,000 on purchases within 3 months from account opening Right for You?

The earning rate is competitive, and most travel cards have annual fees. Since this card is fee-free, it’s one of the best available currently, especially with the promo bonus miles offer and interest-free intro period. Even if this card isn’t for you, however, Capital One has done a lot of work to provide a full suite of cards that have a little something for everyone, including:

Capital One has another travel card, Capital One® Spark® Miles for Business business card. This gives you a larger bonus offer — 50000 Miles once you spend $4,500 on purchases within 3 months from account opening. This card has an annual fee of $0 intro for first year; $95 after that. There is no promo APR, and this card earns you 2 Miles per $1 on every purchase, everywhere. It has the same travel protections and perks as the Capital One® Spark® Miles Select for Business reviewed above.

If you’d rather have cash in your pocket than miles, try a cash back card like the Capital One® Spark® Cash for Business. It gives you $500 Cash Back once you spend $4,500 on purchases within 3 months from account opening. With a 2% cashback reward system and a an annual fee of $0 intro for first year; $95 after that, it’s one of the best all-around cash cards out there.

The other cash option is the Capital One® Spark® Cash Select for Business, which has a $0 annual fee and a slightly lower earning tier of 1.5% Cash Back on every purchase.. Its bonus offer is $200 Cash Back once you spend $3,000 on purchases within 3 months from account opening, and there is no interest-free period.

Finally, a scaled-down business card for those with average credit is the Capital One® Spark® Classic for Business. This has all the great Capital One business features but with a modest 1% cash back reward system. It has no annual fee, however, and is a great first-time business card for those hoping to establish credit.

Frequently Asked Questions

Consumers commonly have the following questions regarding the Capital One® Spark® Miles Select for Business:

What is Purchase Eraser?

If you book travel through a third-party site and use your Capital One card, you can use this service to receive an account credit for the cost of your travel purchase at the rate of exchange between miles and your currency. You have 90 days from the travel purchase, and you may be able to do partial redemptions if you don’t have enough miles to cover the purchase price in full.

To what partners do my miles transfer?

Capital One® Spark® Miles Select for Business partners with 10 top travel brands to transfer your earned miles directly into their programs. These change, so check your account to see what brands are participating. You can also book travel directly with your miles from the Capital One portal to avoid blackout dates or restrictions and use the full value of your miles earned.

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About Author

Linsey Knerl

Linsey Knerl

Linsey Knerl is a Midwest-based author, public speaker and member of the ASJA. She has a passion for helping consumers and small business owners do more with their resources through awareness of the latest financial and tech services.