Capital One Spark Miles Select for Business Review
Spark Miles Select for Business is a travel business credit card offered by Capital One. With a flat rate of 1.5 miles per $1 spent and no maximum, points are easy to earn and redeem. Points can be used for most travel purchases, such as flights, hotels, and car rentals.
For businesses that have a lot of travel expenses, Spark Miles Select may be a prudent choice. However, business owners might be able to get more flexibility from Capital One’s equivalent cash back card, Spark Cash Select (read our review). Additionally, businesses planning on spending over $19,000 on the card annually might want to look at Capital One Spark Miles (read our review), which offers a higher flat rate.
Interested in learning more? Read on for the details!
Table of Contents
Spark Miles Select At A Glance
Capital Capital One® Spark® Miles Select for Business
14.74% - 22.74%, Variable
Capital One requires excellent credit to qualify for this card. You must meet these standards to qualify:
I’ve never declared bankruptcy or defaulted on a loan; I haven’t been more than 60 days late on any credit card, medical bill, or loan in the last year; I’ve had a loan or credit card for 3 years or more with a credit limit above $5,000.
Note, however, that if you meet those standards you only have a good chance of qualifying; Capital One might reject your application for other reasons.
Rewards & Fees
Spark Miles Select does not carry an annual fee, so you don’t have to worry about earning enough points to make up for the annual fee. Cardholders that spend at least $3,000 within the first three months of opening an account will receive an early spend bonus of 20,000 miles. That adds up to $200 for travel.
For each $1 spent, cardholders will earn 1.5 points. That means if you spend $10,000, you’ll earn 15,000 points. Points for travel are worth $0.01 each. For example, 15,000 points are worth $150.
Spark Miles Select also features no foreign transaction fees, a useful bonus for a travel card. Balance transfers also aren’t charged a fee, although expect one when it comes to cash advances; you’ll need to pay either $10 or 3% of the amount of each cash advance, whichever is higher.
Unlike some travel cards, point redemptions are not restricted to specific brands. You can use your points for any travel arrangement, including flights, hotels, and car rentals.
Capital One offers two ways to redeem points: by booking your travel arrangements via Capital One’s Rewards Center, or by booking your travel independently and then using the Purchase Eraser to have statement credits applied to your account. Points applied to travel are worth $0.01 each. For example, the 20,000 bonus miles are worth $200.
Points can also be redeemed for other rewards, such as cash back or gift cards. However, these points might be worth less than $0.01 each. If you are interested in redeeming points for reasons other than travel, we’d recommend taking a look at Capital One’s equivalent cash back card — Spark Cash Select.
Capital One offers many benefits for travel and shopping. In addition to Capital One’s business benefits, cardholders have access to Visa Business Benefits [PDF].
Here are the benefits you can expect:
- Extended warranty protection
- Price protection
- Access to Visa SavingsEdge (15% off on some purchases from participating merchants)
- Auto rental collision damage waiver
- Travel and emergency assistance
- Lost luggage reimbursement
- Travel accident insurance
Capital One allows you to order employee cards free of cost. You can track spending for all cards and manage your account via desktop or a mobile app.
Capital One Spark Miles Select vs. Capital One Spark Miles
Capital One offers two travel cards: Spark Miles and Spark Miles Select. This card, Spark Miles Select, carries a flat rate of 1.5 miles per $1 and no annual fee. Spark Miles carries a flat rate of 2 miles per $1, but it has an annual fee of $95. Otherwise, the cards are similar — points are applied to the same rewards and both carry the same benefits.
We recommend that businesses spending less than $19,000 per year use this card, while businesses spending more opt for Spark Miles. At $19,000, businesses will be able to start earning more points from Spark Miles, despite the annual fee. Note that the annual fee for Spark Miles is waived the first year, however.
Want the full breakdown on Spark Miles? Head on over to our review for more.
Capital One Spark Miles Select vs. Capital One Spark Cash Select
Spark Miles Select is appealing because of its simplicity and flexibility — earning points is simple, and your accumulated points can be redeemed for any travel purposes you might have. However, Capital One offers a card with even more flexibility: Spark Cash Select.
Spark Cash Select offers the same flat rate as Spark Miles Select, but you earn cash back instead of points toward travel. For every $1 you spend, you’ll receive 1.5% cash back. Your cash back can be applied to your account as a statement credit or received in the form of a check. Because there are no strings attached, you can use your cash back for travel or anything else. Cardholders do not have to deal with the hassle of booking their travel arrangements via Capital One’s Rewards Center or using the Purchase Eraser.
Spark Miles Select offers a simple and easy way to earn points for travel, as well as a simple and easy way to redeem those points. Cardholders won’t have to worry about point values or annual fees. If you are looking for a simple travel rewards card, this might be it.
Use Spark Miles Select if:
- You are unlikely to spend more than $19,000 per year
- You or your employees do a lot of travel, and you want a card with flexible travel rewards
- You want a simple way to earn travel rewards points
Don’t use Spark Miles Select if:
- You are likely to put more than $19,000 on your card per year
- You want to use rewards points for reasons other than travel
The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.
To learn more about how we score our reviews, see our Business Credit Card Rating Criteria.