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The Capital One Spark Miles Select for Business has an offer for 20,000 bonus miles once you spend $3,000 within the first 3 months. I value these 20k miles at around $280. Although not the best bonus offer out there, it’s a good one for a no annual fee card.
The Spark Miles Select simply offers unlimited 1.5 miles for every dollar you spend. No matter where you spend it. That’s a decent rewards rate for a no-annual-fee card. It’s big brother, the Capital One Spark Miles for Business, has an annual fee and earns a higher 2X miles rate.
This card earns 5X miles on hotel and rental car bookings through Capital One Travel℠.
This travel rewards card is an excellent option for small business owners seeking simple rewards with no fees. But if your company spends big, you’ll find better value with other credit cards.
Capital One offers several “Spark” business cards. Their “Spark Cash” products will earn rewards at a similar rate to their “Spark Miles” counterparts. The rewards with the Miles cards are used toward travel and can actually be worth more now that Capital One has 10+ transfer partners.
the first 3 months
the first 3 months
the first 3 months
*Capital One also offers sign-up bonuses for its Checking/Savings accounts.
INK BUSINESS UNLIMITED® CREDIT CARD
The Ink Business Unlimited® Credit Card from Chase offers a $750 bonus (75,000 Ultimate Rewards points) when you spend $7,500 within the first 3 months of account opening. This card has no annual fee.
Get unlimited flat 1.5% Cash Back rewards on every purchase with this card. There are no categories to keep up with.
Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards. You can pool your rewards with other Ultimate Rewards Cards (e.g. Chase Sapphire Preferred® Card, Chase Sapphire Reserve®, Ink Business Preferred® Credit Card). Pair it with one of these cards, use the available transfer partners, and 750k Ultimate Rewards points can be worth up to $1,500 in value.
Capital One Spark Miles Select 20,000 Bonus Miles Offer
Take advantage of the Spark Miles Select card’s 20,000 bonus miles introductory offer. My valuation puts these points at around $280 (more on that below).
To qualify, charge at least $3,000 to your card within the first 3 months of opening your account.
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. 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 travel purchases or statement credits for previous travel. 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.
Bottom Line
The Spark Miles Select for Business credit card from Capital One offers small business owners long-term value with flexibility at no expense. For a no-annual-fee card, it has a relatively good rewards rate of 1.5X miles.
But if your business spends more than $19,000 a year, you’ll get better earning power with the Spark Miles for Business credit card. It gives 2x miles on all purchases and has an annual fee of $95.
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Editorial Disclaimer: Opinions expressed here are author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
Disclaimer: These responses are not provided or commissioned by the bank advertiser, credit card issuer, hotel, airline or other entity. Responses have not been reviewed, approved or otherwise endorsed by any of the entities included within the post. It is not the bank advertiser's or any other entity's responsibility to ensure all posts and/or questions are answered.