Capital One® Spark® Miles Select for Business Review for 2022
Tricia has nearly two decades of experience in commercial and federal government lending. Her expertise is highlighted throughout small business loan content on Fit Small Business.
Nancy Fernandez is a Credit Card and Insurance Expert at Fit Small Business, specializing in business credit cards and business insurance.
This article is part of a larger series on Best Small Business Credit Cards.
The Capital One® Spark® Miles Select for Business is a no-annual-fee travel credit card that offers unlimited 1.5 miles on every business-related purchase. This business credit card lets you transfer miles to any of its travel partners. Its other travel features include roadside assistance services and zero foreign transaction fees on purchases made outside of the United States.
If you wish to compare one card over another, choose a maximum of three cards on this page and click Add to compare to view the details in a side-by-side comparison.
Capital One® Spark® Miles Select for Business
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Travel rewards and annual spending less than $19,000
Intro APR
0% on purchases
Regular APR
14.24% - 24.24% (Variable)
Annual Fee
$0
Credit Needed
Excellent, Good
- Introductory reward worth $200 in travel after you spend $3,000 within the first three months
- 1.5x miles per $1 spent
- 5x miles on hotel and rental car bookings through the issuer
- Issue employee cards for free
Pros
- No foreign transaction fees
- Interest-free financing on purchases
Cons
- No 0% APR balance transfer offer
- Limited list of airline partners
- Purchase assurance: Most purchases made entirely with your card are covered if damaged or stolen within 90 days from the date of purchase. Coverage is limited to $10,000 per claim and $50,000 per cardholder account per 12 month period.
- Extended warranty coverage: Doubles the original warranty time period and duplicates the coverage of the original manufacturer’s warranty up to a maximum of 12 months on most items you purchase.
- Travel medical emergency assitance: Provide referrals to medical services if you have a medical emergency while traveling. You’re covered if you’re 100 or more miles away from home and from the day you leave until midnight of the 60th day of your trip, or the day you return to your city of residence, whichever is sooner.
Intro APR
0% on purchases
Regular APR
14.24% - 24.24% (Variable)
Annual Fee
$0
Credit Needed
Excellent, Good
- Introductory reward worth $200 in travel after you spend $3,000 within the first three months
- 1.5x miles per $1 spent
- 5x miles on hotel and rental car bookings through the issuer
- Issue employee cards for free
Pros
- No foreign transaction fees
- Interest-free financing on purchases
Cons
- No 0% APR balance transfer offer
- Limited list of airline partners
- Purchase assurance: Most purchases made entirely with your card are covered if damaged or stolen within 90 days from the date of purchase. Coverage is limited to $10,000 per claim and $50,000 per cardholder account per 12 month period.
- Extended warranty coverage: Doubles the original warranty time period and duplicates the coverage of the original manufacturer’s warranty up to a maximum of 12 months on most items you purchase.
- Travel medical emergency assitance: Provide referrals to medical services if you have a medical emergency while traveling. You’re covered if you’re 100 or more miles away from home and from the day you leave until midnight of the 60th day of your trip, or the day you return to your city of residence, whichever is sooner.
How We Evaluate Travel Rewards Business Credit Cards
When grading fixed-rate travel rewards small business credit cards like the Capital One® Spark® Miles Select for Business, we weigh ongoing rewards the heaviest. We rate introductory rewards as slightly less important, but they’re considered the second biggest factor in this evaluation. We also take into consideration the annual fee, introductory and ongoing APRs, and additional features.
| Grading Criteria | ||
|---|---|---|
Ongoing Rewards | ||
Introductory Rewards | ||
Additional Features | ||
Annual Fee | ||
Introductory Annual Percentage Rate (APR) | ||
Ongoing APR | ||
| Total Score |
If you prefer another credit card from Capital One, check out our review of the best Capital One credit cards.
Who Capital One® Spark® Miles Select for Business Is Best For
- Business owners who have an annual credit card spending total of $19,000 or less: With the no-annual-fee Capital One® Spark® Miles Select for Business, you’ll earn $285 in rewards if you spend $19,000 in one year. If you have more than $19,000 in annual credit card expenses, you would benefit more from the Capital One® Spark® Miles for Business.
- Business owners who frequently travel for business: You can redeem your rewards from this Capital One business credit card to book flights, rent cars, and pay for hotel stays, making this an excellent option for frequent business travelers. It’s no surprise that this card is our top pick this year for the best business credit cards for travel
- Business owners who want to maximize their mileage points: The unlimited 1.5x miles that can be received on any purchase, and 5x on hotels and rental cars that were booked via Capital Travel, making this our top choice this year for the best business credit cards for miles.
Capital One® Spark® Miles Select for Business Fees
- Introductory APR: 0% on purchases for nine months
- Ongoing APR: 14.24%, 20.24%, or 24.24% variable, based on your creditworthiness
- Cash advance APR: 27.24% variable, and will change based on prime rate
- Transfer APR: 14.24%, 20.24%, or 24.24% variable, based on your creditworthiness
- Penalty APR*: 29.65% variable, and will change based on prime rate
- Annual fee: None
- Balance transfer fee: None
- Foreign transaction fee: None
- Cash advance fee: $10 or 3%, whichever is greater
- Late payment fee: Up to $39
- Paying interest: Due at least 25 days after the close of every billing cycle.
* Penalty APR will only be applied if you made a late payment.
Capital One® Spark® Miles Select for Business Rewards
- Unlimited 1.5x miles on every purchase. There are no blackouts or seat restrictions and no minimum to redeem.
- 5x on hotels and rental cars that are booked through Capital Travel
- Welcome offer: Earn a one-time bonus of 20,000 miles, equivalent to $200 in travel, after spending $3,000 on purchases within the first three months after opening an account.
You can redeem your rewards to book flights, rent cars, and pay for hotel stays and past travel purchases within 90 days of the date of the travel purchase. You can also redeem your rewards as cash back in the form of a statement credit or check by mail or redeem them as gift cards for restaurants, retailers, or hotels.
Your rewards may be worth more in free travel when you transfer your miles to a partner’s loyalty program. Capital One has more than 15 partners, such as Air Canada, British Airways, Qantas, Singapore Airlines, and Turkish Airlines
How To Make Payments in the Capital One® Spark® Miles Select for Business
- Online: Sign in and set up Bill Pay to make quick and easy payments.
- Via Autopay: You can set up automatic payments with your preferred schedule via AutoPay. This can be changed or canceled at any time.
- Via mobile app: Log in to your account, choose your card, then tap “Make a Payment.” This app is made available for both Android and Apple users.
- Via Western Union: Aside from the Capital One mobile app, you can also make your payments through the Western Union mobile app using your debit card.
- At the nearest Capital One branch: Go to the nearest Capital One branch and make your credit card payment during normal business hours.
- Via mail: Send either a check or money order (not cash) through their Payment Processing address. Ensure to send it early so that it will arrive by your due date, and write your credit card number on the check for easy reference:
Capital One
Attn: Payment Processing
PO Box 71083
Charlotte, NC 28272-1083
If you’ll be using the overnight address, please take note that this won’t get delivered straight to a payment processing center and may not get processed the next day. To avoid this, use an express mail service, such as FedEx, UPS, and DHL.
OVERNIGHT ADDRESS
Capital One
Attn: Payment Processing
6125 Lakeview Rd., Suite 800
Charlotte, NC 28269
Capital One® Spark® Miles Select for Business Additional Features
Purchase Security and Extended Protection
Your purchased items will be protected against theft or damage within the first 90 days of your purchase. This coverage is limited to $10,000 per claim and $50,000 per cardholder. Extended Protection doubles the time period of the original manufacturer’s written US repair warranty up to one full year on warranties or three full years or less when you purchase an item entirely with your Capital One® Spark® Miles Select for Business card. Both Purchase Security and Extended Protection have a list of items that aren’t covered, so be sure to check this out for more information.
Lost/Stolen Baggage Reimbursement
The lost baggage reimbursement is only available through Visa® Signature Business Benefits. It covers the value of your checked luggage or carry-on baggage up to $3,000 per trip while New York residents will only receive coverage up to $2,000, provided that the luggage was lost due to either theft or misdirection by the Common Carrier.
Auto Rental Collision Damage Waiver
Capital One offers rental car insurance that protects you against damage due to collision or theft. The coverage is primary when you use the car for business purposes, which means that you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Capital One may reimburse you up to the cash value of the car. Rentals of 31 consecutive days or less are eligible.
Travel and Emergency Assistance Services
Capital One allows you, your family members, or business employees to access a 24-hour hotline that connects you to travel, emergency, medical, and legal assistance. It also offers roadside assistance services like jump-starting, tire changing, and towing. You’ll be responsible for the cost of any goods or services provided.
Price Protection Plan
You can receive a price difference refund if you see a previously purchased item listed at a lower price in another store’s printed advertisement within 60 days from the date of purchase. This coverage is limited to a maximum of $500 per item and up to $2,500 per account. Capital One’s price protection plan is an additional feature that you can only receive through Visa® Signature Business Benefits.
Pros & Cons of the Capital One® Spark® Miles Select for Business
| PROS | CONS |
|---|---|
| No annual fee: With Capital One® Spark® Miles Select for Business, you can earn travel rewards for every purchase you make without having to pay an annual fee. If you travel often for business, you can take advantage of this card and use your rewards for flights, car rentals, and hotel stays. | No 0% APR balance transfer offer: While Capital One® Spark® Miles Select for Business doesn’t charge balance transfer fees, you’ll still be charged an APR ranging between 13.99% and 23.99%, which may vary with the market based on the prime rate. |
| No foreign transaction fees: Capital One® Spark® Miles Select for Business is truly designed for business travelers because it offers zero foreign transaction fees on purchases made outside of the US. | Limited list of airline partners: Overall, there are only 17 available travel loyalty programs offered by Capital One. Some business owners may find these options a bit limited. |
| Interest-free financing on purchases for the first nine months: This card offers an introductory rate of 0% APR for the first nine months after opening an account. This means you can enjoy interest-free financing on business-related purchases as long as you pay your full balance before the introductory period ends. | |
Capital One® Spark® Miles Select for Business Alternatives
Chase Ink Business Unlimited®
The Chase Ink Business Unlimited® is a cash back business credit card best suited for those who want a fixed-rate rewards card and are already owners of other Chase credit cards. It also offers an interest-free financing option on purchases for the first 12 months after account opening and a low minimum regular APR of 13.99%. Finally, it has unlimited 1.5% cash back rewards on all business-related purchases and a welcome offer of $750 cash back after spending $7,500 on purchases within the first three months after account opening. It’s no surprise that we recommend this card as our top choice this year for the best overall small business credit card and best credit card for new businesses with no credit history.
Ink Business Unlimited® Credit Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Pocketing 1.5% cash back on every single purchase
Intro APR
0% Intro APR on Purchases
Regular APR
13.99% - 19.99% Variable
Annual Fee
$0
Credit Needed
- Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase made for your business
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
- With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- 0% introductory APR for 12 months on purchases
Pros
- 0% introductory APR on purchases
- Unlimited cash back rewards on all purchases
Cons
- Introductory APR period doesn’t apply to balance transfers
- 5% balance transfer fee
- Charges foreign transaction fees
- Requires excellent credit to qualify
- Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes; it provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the US and abroad
- Purchase protection: Covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account per year
- Extended warranty protection: Extends the time period of the US manufacturer’s warranty by an additional year on eligible warranties of three years or less
Intro APR
0% Intro APR on Purchases
Regular APR
13.99% - 19.99% Variable
Annual Fee
$0
Credit Needed
Good, Excellent
- Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase made for your business
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
- With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- 0% introductory APR for 12 months on purchases
Pros
- 0% introductory APR on purchases
- Unlimited cash back rewards on all purchases
Cons
- Introductory APR period doesn’t apply to balance transfers
- 5% balance transfer fee
- Charges foreign transaction fees
- Requires excellent credit to qualify
- Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes; it provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the US and abroad
- Purchase protection: Covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account per year
- Extended warranty protection: Extends the time period of the US manufacturer’s warranty by an additional year on eligible warranties of three years or less
American Express® Business Gold Card
If your business spends more on certain categories, you may earn more rewards from American Express® Business Gold Card. With this business credit card, you can get 4x points on the first $150,000 among two select categories where your business spends the most each month. You can also earn 1x points for other purchases. This card also has an introductory offer of earning 70,000 Membership Rewards® points after spending $10,000 worth of eligible purchases within the first three months after account opening. It’s no surprise that this card is our top choice this year for the best credit cards for real estate agents, and one of the top choices this year for the following: best business credit card for miles, best high-limit business credit cards, and best business credit cards for travel.
American Express® Business Gold Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Maximizing rewards in the two categories where you spend the most
Intro APR
N/A
Regular APR
15.74% - 23.74% Variable
Annual Fee
$295
Credit Needed
Good, Excellent
- Welcome Offer: Earn 70,000 Membership Rewards® points after you spend $10,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.*
- MORE REWARDS: Get 4X Membership Rewards® points on the 2 select categories where your business spent the most each month. 1X is earned for other purchases. **
- **4X points apply to the first $150,000 in combined purchases from these 2 categories each calendar year.*
- AIRLINE BONUS: Get 25% points back after you use points for all or part of an eligible flight booked with Amex Travel, up to 250,000 points back per calendar year.*
- PAY OVER TIME OPTION: Decide whether you want to pay eligible purchases in full each month—or pay over time with interest.*
- *Terms Apply
Pros
- Earn 4x points in two categories every month
- Pay eligible charges over time with interest, or pay your balance in full monthly
Cons
- You’ll pay a high annual fee of $295
- No interest-free financing opportunities
- Premium roadside assistance: Free of charge up to four times a year. You can receive towing up to 10 miles, winching, jump starts, flat tire change, lockout service when the key is in the vehicle, and delivery of up to two gallons of gas
- Return protection: American Express will refund you for eligible purchases when the store doesn’t accept returns of undamaged items. Coverage is limited to 90 days from purchase, up to $300 per item, and up to a maximum of $1,000 per year.
- Baggage insurance: If your baggage is lost, damaged, or stolen, you’re eligible for coverage of up to $1,250 for carry-on luggage and $500 for checked bags
- Extended warranty: Receive one additional year of coverage on purchases with eligible warranties of five years or less
- Purchase protection: Covers new purchases against damage or theft within 90 days of purchase. Coverage is limited to $1,000 per incident.
Intro APR
N/A
Regular APR
15.74% - 23.74% Variable
Annual Fee
$295
Credit Needed
Good, Excellent
- Welcome Offer: Earn 70,000 Membership Rewards® points after you spend $10,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.*
- MORE REWARDS: Get 4X Membership Rewards® points on the 2 select categories where your business spent the most each month. 1X is earned for other purchases. **
- **4X points apply to the first $150,000 in combined purchases from these 2 categories each calendar year.*
- AIRLINE BONUS: Get 25% points back after you use points for all or part of an eligible flight booked with Amex Travel, up to 250,000 points back per calendar year.*
- PAY OVER TIME OPTION: Decide whether you want to pay eligible purchases in full each month—or pay over time with interest.*
- *Terms Apply
Pros
- Earn 4x points in two categories every month
- Pay eligible charges over time with interest, or pay your balance in full monthly
Cons
- You’ll pay a high annual fee of $295
- No interest-free financing opportunities
- Premium roadside assistance: Free of charge up to four times a year. You can receive towing up to 10 miles, winching, jump starts, flat tire change, lockout service when the key is in the vehicle, and delivery of up to two gallons of gas
- Return protection: American Express will refund you for eligible purchases when the store doesn’t accept returns of undamaged items. Coverage is limited to 90 days from purchase, up to $300 per item, and up to a maximum of $1,000 per year.
- Baggage insurance: If your baggage is lost, damaged, or stolen, you’re eligible for coverage of up to $1,250 for carry-on luggage and $500 for checked bags
- Extended warranty: Receive one additional year of coverage on purchases with eligible warranties of five years or less
- Purchase protection: Covers new purchases against damage or theft within 90 days of purchase. Coverage is limited to $1,000 per incident.
Bank of America® Business Advantage Travel Rewards World Mastercard®
The Bank of America® Business Advantage Travel Rewards World Mastercard® offers 30,000 bonus points when you make at least $3,000 in net purchases within three months from opening an account. This can be redeemed for a $300 statement credit toward travel purchases. For the same amount of purchase requirement, you can get bigger rewards points compared to Capital One® Spark® Miles Select for Business. It’s no surprise that this card is one of our top choices this year for the best business credit cards for self-employed and best business credit cards that don’t report to personal credit.
Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Earning top rewards on travel purchases booked through Bank of America
Intro APR
0%
9 billing cycles
9 billing cycles
Regular APR
12.49% - 22.49% Variable APR on purchases
Annual Fee
$0.00
Credit Needed
Excellent
- Earn 30,000 bonus points when you make at least $3,000 in net purchases within 90 days of your account opening, which can be redeemed for a $300 statement credit toward travel purchases.
- Earn unlimited 1.5 points for every $1 spent on all purchases everywhere, every time―no matter how much you spend. Points don't expire.
- Earn 3 points per every dollar spent on travel purchases like car, hotel, and airline booked through the Bank of America® Travel Center.
- No annual fee and no international transaction fees.
- 0% Introductory APR on purchases for your first nine billing cycles.
- Redeem points for travel with no blackout dates, cash back or gift cards.
- Get 75% more points on the base earn of every purchase you make when you’re a Preferred Rewards for Business Platinum Honors tier member. That means you will earn 2.62 points for every $1 you spend and 4.12 points per every $1 you spend at the Bank of America® Travel Center.
Pros
- No annual fee: By not having to pay an annual fee, you can reduce your overall credit card cost while earning unlimited rewards on your expenses.
- No blackout dates on travel: You can redeem your points for travel or travel credits through the Bank of America® Travel Center anytime, with no blackout dates.
- 3x points on travel: You can earn 3x points for every dollar spent when you book your travel (car, hotel, or airline) through the Bank of America® Travel Center.
- Welcome bonus points: If you can spend $3,000 in net purchases within 90 days of opening an account, you will earn 30,000 bonus points.
Cons
- Low ongoing rewards on nontravel: While you can earn high rewards points on travel, you can only earn 1.5x points on all other purchases.
- Short 0% APR introductory period: The Bank of America Business Advantage Travel Rewards World Mastercard® offers 0% APR for the first nine billing cycles from opening an account—this is a disadvantage if you need a longer 0% APR period.
- No 0% APR on balance transfers: The introductory 0% APR only applies to purchases—if you need to transfer a balance from another credit card, you’ll need to pay an APR ranging from 12.24% to 22.24%.
- Bank of America doesn’t disclose details of its additional card features. To find out more about these additional features, review your guide to benefits when you receive your card in the mail.
Intro APR
0%
9 billing cycles
9 billing cycles
Regular APR
12.49% - 22.49% Variable APR on purchases
Annual Fee
$0.00
Credit Needed
Excellent
- Earn 30,000 bonus points when you make at least $3,000 in net purchases within 90 days of your account opening, which can be redeemed for a $300 statement credit toward travel purchases.
- Earn unlimited 1.5 points for every $1 spent on all purchases everywhere, every time―no matter how much you spend. Points don't expire.
- Earn 3 points per every dollar spent on travel purchases like car, hotel, and airline booked through the Bank of America® Travel Center.
- No annual fee and no international transaction fees.
- 0% Introductory APR on purchases for your first nine billing cycles.
- Redeem points for travel with no blackout dates, cash back or gift cards.
- Get 75% more points on the base earn of every purchase you make when you’re a Preferred Rewards for Business Platinum Honors tier member. That means you will earn 2.62 points for every $1 you spend and 4.12 points per every $1 you spend at the Bank of America® Travel Center.
Pros
- No annual fee: By not having to pay an annual fee, you can reduce your overall credit card cost while earning unlimited rewards on your expenses.
- No blackout dates on travel: You can redeem your points for travel or travel credits through the Bank of America® Travel Center anytime, with no blackout dates.
- 3x points on travel: You can earn 3x points for every dollar spent when you book your travel (car, hotel, or airline) through the Bank of America® Travel Center.
- Welcome bonus points: If you can spend $3,000 in net purchases within 90 days of opening an account, you will earn 30,000 bonus points.
Cons
- Low ongoing rewards on nontravel: While you can earn high rewards points on travel, you can only earn 1.5x points on all other purchases.
- Short 0% APR introductory period: The Bank of America Business Advantage Travel Rewards World Mastercard® offers 0% APR for the first nine billing cycles from opening an account—this is a disadvantage if you need a longer 0% APR period.
- No 0% APR on balance transfers: The introductory 0% APR only applies to purchases—if you need to transfer a balance from another credit card, you’ll need to pay an APR ranging from 12.24% to 22.24%.
- Bank of America doesn’t disclose details of its additional card features. To find out more about these additional features, review your guide to benefits when you receive your card in the mail.
Bottom Line
The Capital One® Spark® Miles Select for Business is best for business owners who prefer to earn fixed-rate travel rewards without having to pay an annual fee. Business owners who spend $19,000 or less annually and often travel for business will benefit more from this travel rewards credit card. If this isn’t the right one for you, check our list of top credit cards to find others that may be a better fit for your business.
