Capital One Spark Miles Review

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The Spark Miles from Capital One card offers a good flat-rate rewards earning structure and a modest bonus offer. If you travel frequently for business and your expenses are high, this card can help eliminate some of that expense by “erasing” your travel purchases with the miles you’ll earn.

Capital One® Spark® Miles for Business

overall rating
3.8
Capital One® Spark® Miles for Business
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 18.49% variable
Annual Fee $0 for the first year, then $95
Rewards Earning Rate Unlimited 2X miles per dollar on every purchase, every day
Cash Advance APR (%) 24.49%
Cash Advance Fee Either $10 or 3% of the amount of each cash advance, whichever is greater.
Ratings Breakdown
for Interest
2.0
for Fees
1.5
for Rewards
4.5
for Credit
2.2

Current Offer:

Earn 50,000 miles when you spend $4,500 in the first 3 months of account opening.

Who Is This Credit Card Best For?

  • Avatar for Entrepreneur Persona
    Is turning their passion into a money-making venture See more cards
    Entrepreneur
  • Avatar for Deal Seeker Persona
    Diligently searches for the best products and delights in a good bargain See more cards
    Deal Seeker
  • Avatar for Savvy Saver Persona
    Prioritizes sticking to their budget while buying what they want and need See more cards
    Savvy Saver
  • Avatar for Road Warrior Persona
    Hits the road often, whether for work or play See more cards
    Road Warrior

This card is best for business owners who travel, but not just any traveling business owner. We recommend this card to business owners with excellent credit who are looking for an easy, no-fuss travel rewards program. There are no categories to track, and you can redeem your points whenever you want, even for travel purchases you’ve already made with your card.

Pros
  • Annual fee waived the first year

  • Lots of account management tools

Cons
  • Poor options for transferring miles

  • No introductory 0% interest offer

Pros Explained

  • Annual fee waived for the first year: The Capital One Spark Miles card’s annual fee isn’t out of line compared with its competitors. Even so, you won’t have to worry about paying it for the first year. 
  • Lots of account management tools: You’ll get free employee cards with the Spark Miles card, and you’ll also get handy spend tracking features like year-end summaries, a list of recurring transactions, the ability to sync with popular accounting software, and even the ability to choose your own payment due date. 

Cons Explained

  • Poor options for transferring miles: Capital One has 15 airline partners you can transfer your miles to. Similar programs with other credit card issuers let you swap at a 1:1 ratio. But Capital One’s transfer ratios are all worse than that. 
  • No introductory 0% interest offer: An introductory zero-interest deal is a nice feature for businesses that want a temporary reprieve from financing charges on large purchases. Unlike some other business cards, this one doesn’t have such an offer, so you’ll owe interest on purchases if you carry a balance. 

Capital One Spark Mile’s Sign-Up Bonus

If you spend at least $4,500 within the first three months, you’ll earn 50,000 bonus miles. Since each mile can be worth 1 cent, this means you can $500 towards travel, which is in line with what other business travel rewards cards are offering, but it's not the best. If you're seeking more rewards for high spending, pass on this card offer.

Earning Miles & Rewards

Earning rewards is easy with the Capital One Spark Miles card. You’ll earn a flat 2 miles per $1 spent on all purchases. Recently, Capital One also added the ability to earn 5 miles per $1 spent through Capital One Travel, its travel booking portal. The catch is that these extra miles only apply to hotel and rental car bookings paid for through the site, not airline tickets or other purchases you might make while at the hotel. 

Your rewards won’t expire (as long as you redeem them before you close the card), and there are no blackout dates.

Redeeming Rewards

You have three ways to redeem your miles for travel with the Capital One Spark Miles card: to cover previous travel purchases, to book travel via Capital One, and to transfer to a loyalty program belonging to a travel partner.

Travel statement credits: Your first—and probably the best—option is to simply make your travel purchases anywhere you want with the card, and then use Capital One’s “Purchase Eraser” tool in your online account to receive a statement credit for those purchases. Your miles are worth 1 cent each when used this way.

If you opt for the Purchase Eraser tool, make sure you file for a statement credit within 90 days of making the purchase. After you’ve done that, you’ll see a statement credit within two to three business days.

Book travel through the Capital One’s Rewards Center: You can use your miles to pay for travel purchases this way at a value of 1 cent per mile. 

Transfer miles to travel partners: Capital One has 15 airline partners, including JetBlue, but the transfer ratios are not good: You’ll need 2 Capital One points to get 1 JetBlue TrueBlue point, for instance.  

You can also redeem miles or for cash back through statement credits or a check, but each mile is only worth half a cent that way. Or you can buy gift cards at 0.8 cents per point. We don’t recommend either option.

How to Get the Most Out of This Card

You can maximize the value you get from this card by making sure you can meet the $4,500 spending requirement within the first three months in order to get the 50,000-mile bonus. After that, be sure to book hotels and rental cars via Capital One Travel to earn 5 miles per $1 spent. And on the redemption side, stick with travel where your miles are worth 1 cent each.

Capital One Spark Miles’s Excellent Perks

If you use your card to pay for these purchases, you could receive the following benefits that the editors of The Balance consider “excellent”:

  • Global Entry/TSA Precheck application fee reimbursement: Skip through airport security with government pre-approval. You’ll receive reimbursement in the form of a statement credit within two months. You’re eligible for this credit once every four years. 
  • Primary rental car collision insurance: If you book a rental for business purposes, this coverage may provide primary insurance against damage up to the full cost of the car. If you’re not on business and it’s a personal rental, however, this insurance is only secondary to other policies you might have. 

Capital One Spark Miles’s Other Features

  • Insurance for stolen or damaged purchases
  • Extended warranties
  • Travel and emergency hotline 

Customer Experience

Capital One perennially provides standout customer service. In 2019, that’s true again: it was rated as the third-best credit card issuer (out of 11 ranked) in a J.D. Power survey of credit card customer satisfaction. 

You can manage your account through its mobile app, get answers from Eno, a text-based chatbot assistant, or sync your account with Alexa for another way to get help from a ‘bot. If those options fail or you’d really just rather speak to a person, there’s always Capital One’s 24/7 customer service hotline.

Capital One provides free credit scores via its CreditWise credit monitoring service. You don’t have to be a customer of Capital One to sign up.

Security Features

Capital One provides plenty of options on the security front as well. With Eno, you can instantly get fraud alerts. You can use virtual credit card numbers when shopping online, so you don’t have to give out your real number. If you (or an employee) ever lose your card, you can also lock it down right from the app until you’ve resolved the situation. Capital One monitors account activity for fraud, and there’s zero liability for fraudulent purchases. 

Capital One Spark Miles’s Fees

Capital One doesn’t charge any fees that are out of line with industry standards, although the penalty interest rate is steep. We also like this card because it doesn’t charge a foreign transaction fee, which no travel rewards credit card should.

Next Steps
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CURRENT CARD
Capital One® Spark® Miles for Business
overall rating
3.8
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 18.49% variable
Annual Fee $0 for the first year, then $95
Rewards Earning Rate Unlimited 2X miles per dollar on every purchase, every day
Our Methodology
At The Balance, we are dedicated to giving you unbiased, comprehensive credit card reviews. To do this, we collect data on hundreds of cards and score more than 55 features that affect your finances.
  • Our Reviews Are Always Impartial: No one can influence which cards we review, the way we present them to you, or the ratings they receive. The scores and reviews come directly from the data we collect and our editorial expertise, and we focus on three areas:
  • How Much Does It Cost? With credit card debt at an all-time high, we believe you should know the cost of carrying a balance. Because of that, we give regular purchase APRs significant weight in overall scores, and cards receive low marks if they have an array of pricey fees.
  • What Are the Rewards Worth? Cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely. To simplify the problem, we built a system that fairly compares rewards and gives them a dollar value. We do this by looking at the ways you can earn and use rewards, which includes evaluating Americans’ typical spending habits and analyzing common travel patterns.
  • Does It Make Your Life Easier? Our scoring system favors cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting customer service. Finally, we give preference to credit cards that have several tools for dealing with fraudulent charges.
  • For every review on The Balance, we hold the credit cards to these standards, and we set the bar high. While we recognize the appeal of splashy features like six-digit sign-up bonuses, our approach ensures that credit cards with the best combination of value, affordability, and accessibility receive the highest scores. See our full methodology for more details.