Last Updated 17 November 2017 | By:

Capital One Spark Miles for Business Review

Is It The Best Business Credit Card For You?

Capital One Spark Miles ReviewDo you need to acquire a business credit card to help take your company to the next level financially? There are so many credit cards available for entrepreneurs that it can be hard to tell which one is the right financial solution for your business.

As a supplement to your own research, my team and I compared and contrasted the details of every popular business credit card. We hope to help you make your decision by sharing this relevant information with you.

In this Capital One Spark Miles for Business credit card review, you’ll find in-depth analysis of their pros and cons, fees, features, customer feedback and much more. Let’s figure out if it’s the best credit card for your company!

Spark Miles for Business Pros & Cons

Pros

  1. Capital One Spark Miles for Business has a great rewards program that’s my favorite feature of this card. You’ll earn 2 miles per $1 spent, which is twice as many miles as most competitors provide.

  2. If you spend $4,500 in your first 3 months as a Spark Miles cardholder, you’ll earn 50,000 bonus miles. That’s the equivalent of $500.

  3. At 17.99%, the APR on a Spark Miles credit card is a strong rate that beats most competitors.

Cons

  1. With Capital One Spark Miles for Business, you’ll pay an annual fee of $95. While they do waive this fee for one year, there are many competing cards that don’t charge an annual fee to begin with.

  2. The Spark Miles card is only available to applicants with excellent credit. If your credit has some warts, or if you have a limited credit history, you will not likely qualify to acquire this card.

  3. Some current cardholders have issues with their Spark Miles card having too low of a limit to be functional as a business credit card. More on that shortly!

Spark Miles for Business Fees & Features

With the Capital One Spark Miles for Business credit card, you’ll need to pay an annual fee of $95, although you do get your first year for free. Take a quick look at how they advertise this card on their website, then we’ll discuss details.

Capital One Spark Miles for Business Credit Card Fees & Features

The Spark Miles card appeals to any entrepreneur who travels regularly. With more miles per dollar than competing rewards cards, it really is an impressive business credit card.

  • $95 annual fee (waived for first year)
  • 2 miles per $1 spent
  • 99% APR
  • 50,000 bonus miles when you spend $4,500 in your first 3 months
  • No foreign transaction fees
  • Comprehensive fraud protection

If your business doesn’t have many travel expenses, this is clearly not the card for you. However, for the rest of you this is likely a very desirable collection of benefits, especially considering how quickly you can pile up the miles if you use the card regularly. It is worth noting that some customers complain about their credit limit not being high enough, so if you need a large line of credit Spark Miles may not be your ideal card.

Customer Reviews

Customer ReviewsIf you want to get a feel for the Capital One Spark Miles for Business customer experience, you can read through their hundreds of customer reviews. For the most part, it seems like their cardholders are really happy with their cards, with customers raving about the excellent fraud protections and the rewards miles.

However, there are also a few unhappy cardholders who have issues with the card’s low credit limit, or feel like their miles should be worth more.

Customer Reviews Section Last Updated 11-14-17

Conclusion: Overall, customer feedback for Capital One Spark Miles for Business is quite positive. The only issue that seems widespread at all is the low limit problem some customers mention in their reviews. Of course, it’s impossible to tell if this will be a problem for you personally until you apply.

How Spark Miles for Business Compares

Capital One Spark Miles ComparisonI’ve spent so many hours researching business credit cards that at this point it’s inevitable that I’ve developed some favorites. Still, we’re not here to discuss my personal favorites, but rather to figure out whether Capital One Spark Miles for Business is the best credit card for you.

Spark Miles is a great choice for entrepreneurs who travel a lot, but they’re not the perfect answer for every business owner. With that in mind, let’s see how they stack up next to another Capital One product, the Spark Cash card.

Fees: Spark Cash and Spark Miles both have a $95 annual fee, and both waive that fee for your first year. Both cards also have no foreign transaction fees, so there really is no difference in this area. 

Cashback: As compared to the “2 miles per $1 spent” rewards program of Spark Miles, Spark Cash offers 2% cashback on all purchases with no limits. 

Bonuses: Spark Cash has a $500 cash bonus for cardholders who spend $4,500 in their first 3 months. Spark Miles offers 50,000 bonus miles when you spend $4,500 in your first 3 months, which is essentially equal in value. 

APR: Spark Cash and Spark Miles both offer their customers the same APR, which is currently set at 17.99%.

Here’s A Quick Visual

Spark Miles
  • Service Charge Starts at
    $95/year

  • 2X miles per dollar no-limit per day

  • Perfect for:
    Anyone with excellent credit wanting to enjoy great rewards program

Visit Website
Spark Cash
  • Service Charge Starts at
    $95/year

  • unlimited 2% cashback everyday

  • Perfect for:
    Anyone looking for business credit card with unlimited rewards

Visit Website

Common Questions

Do They Provide Fraud Protection?

Absolutely! Capital One provides thorough fraud protections for Spark Miles for Business cardholders. If your card is lost or stolen, you’ll have zero liability for the fraudulent charges on your account, and they also have timely fraud alerts.

Is It Easy to Get Cards for My Employees?

It couldn’t be much easier. You don’t need to pay Capital One anything to acquire employee cards, and you’ll earn full mileage rewards on their cards just like you do on your master Spark Miles card.

Are There Any Other Special Features?

Capital One Spark Miles for Business also provides cardholders with quarterly and year-end summaries. These customized and itemized reports can make your budgeting tasks much simpler.

Should You Use Capital One Spark Miles for Business?

In my opinion, the Capital One Spark Miles for Business credit card earns a 4.2/5 score. Your rewards mileage can add up really quickly, and the card also has a solid APR and some good sign-up bonuses.

Ready to apply for your own Capital One Spark Miles for Business card? Need some more time to review your other options? Either way, just use the buttons below!

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