The Capital One Spark Miles for Business card offers one-time bonus of 50,000 miles – equal to $500 in travel – once you spend $4,500 on purchases within the first 3 months from account opening.
This card earns unlimited 2X miles per dollar on every purchase, and miles won’t expire for the life of the account. You’ll earn 5X miles on hotel and rental car bookings through Capital One TravelSM using the card.
The Spark Miles card now lets you transfer your miles to over a dozen airline partners. So it’s a good option for small business owners looking for flexible rewards for their company expenses.
Capital One offers several “Spark” business cards. Their “Spark Cash” products will earn rewards at a similar rate to their “Spark Miles” counterparts.
Want the most bang for your buck? Then consider a travel rewards card with bonus categories instead.
*The Spark Miles card is issued by Capital One. Capital One also offers great sign-up bonuses for its Checking/Savings accounts.
Capital One Spark Miles 50,000 Bonus Miles
Take advantage of the Spark Miles card’s offer for 50,000 bonus miles. My valuation puts these points at around $700 in value (more on that below).
Earn the bonus miles once you spend $4,500 on purchases within the first 3 months from account opening.
Here are some ideas on meeting the spending requirement:
What Are Spark Miles Worth?
Like many other travel rewards cards, your miles’ worth depends on how you use them. On average, each Spark mile is worth up to $0.014 when you take advantage of their transfer partners. That’s a good value considering the average across different rewards cards is just $0.01 per point.
You can use your Spark miles for:
- Travel purchases booked through Capital One
- Statement credits towards travel purchases
- Gift cards
Or transfer your rewards to a Capital One airline partner. This gives the most value for your Spark miles, but it will take a bit of legwork on your part.
The second best use for your miles is to redeem them for new or previous travel purchases. Both will get you $0.01 per mile.
I don’t recommend using your miles for gift cards as it devalues your rewards to below $0.01 per mile.
The Spark Miles for Business credit card from Capital One offers simple, unlimited, flat-rate rewards. It’s a great fit if you don’t want to keep track of bonus categories. Plus, the addition of airline transfer partners makes this business travel rewards card that much more valuable.
But if you’re looking for better rewards on travel, you’ll want to consider other options with bonus categories.
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