Capital One Spark Miles for Business Is It The Best Business Credit Card For You?

Do you need to acquire a business credit card to take your company to the next level? 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 reviewed the details of every popular business credit card on the market. We hope to make your decision much easier by sharing this information with you.

 

In this Capital One Spark Miles for Business credit card review, you’ll learn about the card's pros and cons, fees and features, customer feedback and much more. Let’s figure out if it’s the best card for your company!

Spark Miles for Business Pros & Cons

PROS

  1. My favorite feature of Capital One Spark Miles for Business is its generous rewards program. You’ll earn 2 miles per $1 spent, which is twice as much as most competitors provide.
  2. If you spend $4,500 in your first 3 months as a Spark Miles for Business cardholder, you’ll earn 50,000 bonus miles (equal to $500 in travel).

CONS

  1. Capital One Spark Miles for Business comes with an annual fee of $95. While this fee is waived for the first year, there are many competing cards that don’t charge annual fees to begin with.
  2. Spark Miles for Business is only available to applicants with excellent credit. If your credit is less than perfect, or if you have a limited credit history, you probably won't qualify for this card.
  3. Some cardholders complain that the card's credit limit is too low to be functional as a business credit card. (More on that shortly!)

4.2 out of 5 stars

Capital One Spark Miles for Business earns a score of 4.2/5 in my book. The card has solid rates, generous mileage rewards, and some decent sign-up bonuses. Need some more time to review your other options? Just use the button below!

Spark Miles for Business Fees & Features

Spark Miles for Business appeals to entrepreneurs who travel regularly for work. Offering more miles per dollar than most competing rewards cards, it really does come with an impressive set of features:

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

If you don't have many travel expenses, this is clearly not the card for you. Otherwise, this is a pretty desirable collection of benefits -- especially considering how quickly you can pile up the miles. Again, keep in mind that some Spark Miles for Business cardholders aren't satisfied with their credit limits, so if you need a quite large line of credit you may want to look elsewhere.

Customer Reviews

Unlike most business credit cards, Spark Miles for Business has accumulated tons of customer feedback on third-party review sites in addition to the Capital One website. This is something we love to see!

For the most part, it seems like cardholders are really happy with Spark Miles for Business -- especially the excellent fraud protection and generous reward miles. However, there are also a few unhappy customers who have issues with the card’s credit limit.

Customer Reviews Section Last Updated 11-14-17

Conclusion: Overall, customer feedback for Capital One Spark Miles for Business is quite positive. The only recurring complaint I found was in regard to the card's relatively low credit limit. Of course, this may or may not be a problem for you depending on the needs of your business.

How Spark Miles for Business Compares

Spark Miles for Business is a great option for entrepreneurs who travel a lot, but it's not the perfect card for every business owner. With that in mind, let’s see how it stacks up next to another Capital One card, Spark Cash.

Fees: Spark Cash and Spark Miles both come with a $95 annual fee, and both fees are waived for your first year. Neither card charges any foreign transaction fees.

Cashback: While Spark Miles offers 2 miles per $1 spent, Spark Cash offers 2% cash back on all purchases, with no limits. 

Bonuses: Spark Cash provides 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 (essentially an equal value). 

Here's A Quick Visual

Spark Miles

Service Charge of $95/year

Unlimited 2x miles per dollar spent

Perfect for: Anyone with excellent credit seeking a great travel rewards program

Spark Cash

Service Charge of $95/year

Unlimited 2% cash back

Perfect for: Anyone looking for a business credit card with unlimited cash rewards

Frequently Asked Questions

Absolutely! Capital One offers all Spark Miles for Business cardholders thorough fraud protection. If your card is lost or stolen, you’ll have zero liability for any fraudulent charges on your account.

It couldn’t be much easier. You don’t need to pay anything to acquire employee cards, and you’ll earn full mileage rewards on their purchases -- just like you would on your own.

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

Should You Use Capital One Spark Miles for Business?

4.2/5 Stars

Capital One Spark Miles for Business earns a score of 4.2/5 in my book. The card has solid rates, generous mileage rewards, and some decent 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!