Capital One Spark Miles Select Review

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The Capital One Spark Miles Select credit card offers flexible rewards for small business owners who want travel rewards without the cost that comes with many travel credit cards. If you're cost-conscious but still want solid value, this card should be on your radar.

Capital One Spark Miles Select for Business

Overall Rating
3.8
Capital One Spark Miles Select 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
Excellent
Regular APR (%) 13.99% - 23.99% variable
Annual Fee $0
Rewards Earning Rate 1.5 miles on all purchases.
INTRO PURCHASE APR 0% for 9 Months
Cash Advance APR (%) 26.99%
Cash Advance Fee Either $10 or 3% of the amount of each cash advance, whichever is greater.
Ratings Breakdown
for Interest
3.6
for Fees
3.6
for Rewards
3.6
for Credit
0.7
Current Offer

Earn a one-time bonus of 20,000 miles - equal to $200 in travel - once you spend $3,000 within the first 3 months from 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

The Capital One Spark Miles Select is best suited for small business owners with excellent personal credit who want to earn straightforward, flexible travel rewards but don't want to deal with an annual fee.

However, it may not be the best option if you want even simpler rewards with a cash-back credit card, or if you want to maximize your rewards with a big welcome offer or higher rewards rates on some of your top expenses.

Pros
  • Strong rewards rate on every purchase

  • Flexible travel redemption options

  • Decent 0% APR offer

Cons
  • No bonus rewards categories

Pros Explained

  • Strong rewards rate on every purchase: A lot of rewards credit cards offer higher earning rates on certain purchases, but most of your expenses net just 1% back. With this card, you'll get a flat 1.5 miles per dollar on every purchase you make except for hotel and car rental bookings on Capital One Travel, which net 5 miles per dollar.
  • Flexible travel redemption options: Capital One allows you to redeem your miles by booking directly with the bank's travel platform, booking on your own with the card, then requesting a statement credit, or transferring your rewards to a partner program.
  • Decent 0% APR offer: The card's introductory 0% APR on new purchases isn't super long, but the feature is less common among business credit cards than consumer cards, making it a solid benefit.

Cons Explained

  • No bonus rewards categories: The card doesn't offer any bonus rewards on everyday spending categories like you might get with some other business rewards credit cards. For example, if you spend a lot on office supplies, gas, or advertising, other cards may offer you more value back on those purchases.

Capital One Spark Miles Select Bonus for New Cardholders

When you first open the account, you'll receive a one-time bonus of 20,000 miles after you spend $3,000 in the first three months with the card. That's not the best new-cardholder bonus out there, including on no-annual-fee business rewards credit cards—some offer more than double that. However, it's still worth $200 in travel, which you can use toward your next trip, whether it's for business or for pleasure.

Earning Points & Rewards

The card offers a flat 1.5 miles per dollar on every purchase you make, with the exception of hotel and car rental reservations through Capital One Travel, which net 5 miles per dollar.

That rewards-earning rate is solid for a card with no annual fee. That said, there are other business credit cards with no annual fee that offer a 2% rewards rate, either in cash back or points.

Because the card doesn't offer bonus rewards on everyday business expenses, it could be less appealing to some, especially if your small business spends a lot in key areas where you can get high rewards rates elsewhere. Take a look at your spending habits and compare this card with others to find the best option for you.

While you'll earn bonus rewards on hotels and car rentals through Capital One Travel, it's still a good idea to compare prices with other travel websites to ensure you're getting the best deal.

Redeeming Rewards

There are a lot of ways you can redeem your miles with the card, although travel is generally the best.

There are two ways you can redeem your rewards for travel:

  • Use your card to book travel with any eligible travel provider, then request a full or partial statement credit against that travel purchase. Capital One calls this the “Purchase Eraser.”
  • Use your miles to book travel directly through Capital One's travel platform.

Both options give you a lot of flexibility to shop around to make sure you get the best deal on your reservations.

Other redemption options include:

  • Cash: You'll receive it in the form of a check or a statement credit, with a value of 0.5 cents per mile.
  • Gift cards: You can purchase gift cards for your favorite retailers and restaurants at a rate of 0.8 to 1.0 cent per mile.
  • Online shopping: You can redeem your miles when you shop on Amazon for 0.8 cents per mile.

We calculate the value of Capital One’s miles at 1.04 cents each, on average. We consider a point value of 1 cent each to be the floor for good value. Capital One miles have the greatest value when transferred to a travel partner.

Transferring Points

The card allows you to transfer your miles to one of Capital One's 15 travel partners, which include Wyndham Rewards, and several international airline loyalty programs.

The ratio for transfers ranges from 2:1 to 1:1 depending on the partner airline or hotel brand. With some other rewards programs, you'll get more 1:1 ratio partners.

While most of Capital One's airline partners are international airlines, many of them belong to alliances, which allows you to book flights on its partner airlines, which can include domestic flights.

How To Get the Most Out of This Card

Before you apply, make sure you can spend enough to earn the card's new-cardholder bonus; as long as your business spends at least $1,000 per month, you should be able to earn it without overspending.

Because the card offers a flat rewards rate on every purchase, consider pairing it with another business credit card that gives you bonus rewards on some of your larger expense categories. You can use the tiered rewards card for its bonus categories and the Capital One Spark Miles Select for everything else to make sure you earn at least 1.5 miles per dollar on every purchase.

Finally, when it comes to redeeming your rewards, make sure you run the numbers to avoid redemptions that give you less value.

Capital One Spark Miles Select’s Other Features

  • Extended warranty
  • Roadside assistance
  • Customized spending limits for employees
  • Downloadable purchase records

Customer Experience

Capital One ranked third out of 11 national card issuers and scored above the average in J.D. Power's 2021 U.S. Credit Card Satisfaction Study. In the J.D. Power 2021 U.S. Credit Card Mobile App Satisfaction Study, the bank’s app rated third, and scored comfortably above the average among national card issuers.

The bank offers access to your VantageScore 3.0 credit score, but you don't have to be an existing customer to enjoy that feature. Capital One's customer service team is available 24/7.

Security Features

For the most part, Capital One offers security features that are standard for the credit card industry. One exception is the ability to create virtual card numbers, which most major card issuers don't offer.

You can create virtual card numbers for online shopping without exposing your actual account number. If someone manages to steal that information, you can simply cancel the virtual card instead of needing to cancel the entire account and get a new card number.

Capital One Spark Miles Select’s Fees

The Capital One Spark Miles Select's fees are standard for a small business travel credit card.

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CURRENT CARD
Capital One Spark Miles Select 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
Excellent
Regular APR (%) 13.99% - 23.99% variable
Annual Fee $0
Rewards Earning Rate 1.5 miles on all purchases.
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.

Article Sources

The Balance requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy .
  1. J.D. Power. "While Many U.S. Credit Card Issuers Struggle To Meet Evolving Customer Expectations, Some Bright Spots Exist, J.D. Power Finds." Accessed Oct. 20, 2021.

  2. J.D. Power. "Big Bank Investments in Mobile Apps Pay Dividends as Customer Volume Shifts to Digital, J.D. Power Finds." Accessed Oct. 20, 2021.