Spark Miles from Capital One Credit Card Review

Best for: Any traveling business owner wanting to maximize rewards by using Capital One hotel and car rental partners.

For jet-setting businesses, the Spark Miles from Capital One credit card provides travel rewards for all purchases, including extra rewards when you book travel using the Capital One Travel site (which also features rental car and hotel partners). Even if your business has minimal travel needs, adding a travel card to your collection can benefit your business since the travel rewards you accumulate may be worth more than cash back rewards. Getting on-board with a travel points system can help your business maximize its savings strategy.

The Basics 

  • APR: 18.49% variable APR rate for purchases and transfers. Cash advances have a 24.49% APR rate.
  • Annual Fee: $0 for the first year, then $95.
  • Reward Rates: Get 5x miles on rental car bookings and hotel bookings through the Capital One Travel portal. Get unlimited 2x miles on all other transactions. There are no seat restrictions, no blackout dates, and no minimum number of miles required in order to redeem miles.
  • Intro Offer: Get 50,000 bonus miles after making $4,500 in transactions within the first three months. The 50,000 bonus miles are equivalent to $500 in travel.

Standout features 

  • Zero foreign transaction fees: Foreign transaction fees can really add up with international travel. Don’t worry about them when you use this card.
  • TSA Precheck or Global Entry credit: Get up to a $100 credit to use for TSA Precheck or Global Entry to get you through airport lines with less hassle as you travel.
  • Business integration: Sync your business travel expenses with your other financial reporting. The Spark Miles from Capital One card purchases can be downloaded into formats for Excel, QuickBooks, and Quicken.
  • Save on rental cars: The Spark Miles from Capital One card features rental collision coverage. You can decline the coverage offered by the rental car company, charge the entire amount to your card and not worry since your card already covers you for theft or damage.
  • No cost for employee cards: Give Spark Miles from Capital One credit cards to employees at no additional cost to increase your travel rewards.

Best way to use this card 

If you have the Spark Miles from Capital One card, use it to make at least $4,500 in purchases within the first three months so you can secure the 50,000 bonus miles. After the first year, where you won’t have to pay an annual fee, you’ll want to earn at least as many miles as the $95 annual fee to make the card worth it. If this is the only travel card your business is using, use it to book all travel to get the double miles reward. You can give Spark Miles from Capital One credit cards to employees at no additional cost to help boost your earnings even more.

Check out the car rental and hotel options through Capital One Travel when you’re booking travel. Since you can earn 5x miles on rental cars and hotels booked through this site, if there’s a brand you are already interested in purchasing from, you should use your Spark Miles from Capital One card to maximize your miles earnings.

If you don’t already have TSA Precheck or Global Entry status, take advantage of the card’s $100 credit. You’ll not only save money, but you’ll save time and stress at airport gate entrances.

In a nutshell 

For businesses interested in a credit card with travel rewards, the Spark Miles from Capital One card is a solid choice. It provides even bigger rewards when you use it to purchase from Capital One Travel hotel and rental car partners. If your business is already using those brands or is willing to use them, you can increase the amount of travel points you earn and save more when you book airfare, hotel, and car rental services.

Businesses can use the Spark Miles from Capital One card with another card for different types of purchases, like a cash back card to buy office supplies. For businesses wanting more ways to earn travel points, a card rewarding cardholders for purchases like dining at restaurants in addition to travel purchases may make more sense.

Nicki Escrudero

Contributing Writer

Nicki Escudero is a Phoenix-based freelance writer and journalist with more than 18 years of experience in the publishing industry, writing for global publications and international magazines. A former expat living in Australia, Nicki has a passion for world travel and loves to learn about new cultures.