Capital One Spark Miles for Enterprise evaluation

Our take: With the Capital One Spark Miles for Enterprise, you’ll earn a vast 2x miles on your online business bills, together with purchases on worker playing cards. Versatile redemption choices assist enterprise house owners maximize the worth of their rewards, making this a set-it-and-forget enterprise bank card.

Capital One Spark Miles for Enterprise

Intro bonus

Earn as much as 50,000 miles in case you spend $4,500 in first 3 months

Annual Charge	$0 intro for the primary yr, $95 after
Buy APR	26.24% variable
International Transaction Charge	N/A

Overview

Small enterprise house owners are targeted on constructing their companies and rising their backside line. By utilizing the Capital One Spark Miles for Enterprise bank card to make purchases, they’ll earn a vast 2 miles per $1 spent on all purchases. It’s a straightforward option to maximize rewards with out the distraction of bonus classes or limited-time presents.

The cardboard presents a beneficiant welcome bonus and waives the annual price throughout the first yr. Though it has a $95 annual price, worker playing cards may be added at no extra cost. Its rewards have versatile redemption choices, together with journey, assertion credit, switch companions and extra.

Who’s Capital One Spark Miles for Enterprise good for? 

The Capital One Spark Miles Card is right for enterprise house owners who need to maximize rewards on each buy. This card earns a flat 2x miles on each buy, so that you don’t miss out on additional rewards on purchases that don’t fall inside restricted bonus classes. Plus, you possibly can earn 5x miles when reserving inns, trip leases and rental vehicles via the Capital One journey portal. It additionally comes with free worker playing cards, which let you earn rewards on their purchases and monitor their bills extra simply.

This enterprise rewards bank card can be a good selection for enterprise house owners who need flexibility when redeeming rewards. Capital One Spark miles have quite a few redemption choices, together with assertion credit, journey, reward playing cards and extra. The miles will also be transferred to fifteen+ airline and lodge companions to e book award journey via these loyalty applications.

Who shouldn’t get Capital One Spark Miles for Enterprise?

Small enterprise house owners on a funds need to earn rewards however could balk on the Spark Miles card’s annual price, even when the price is waived for the primary yr. There are quite a few enterprise bank cards that earn money again, miles or factors with out an annual price that reduces the worth of rewards you earn every year.

Whereas the Spark Miles card’s rewards concentrate on journey, the cardboard presents only a few journey protections and advantages. Cardholders take pleasure in advantages when reserving journey via Capital One, and there are not any overseas transaction charges. Nevertheless, the cardboard doesn’t embody journey protections for delays, cancellation, interruption, misplaced luggage or rental automotive injury.

Capital One Spark Miles for Enterprise: Find out how to earn rewards

Welcome bonus

As a brand new cardholder, you possibly can earn a welcome bonus of fifty,000 miles in case you spend $4,500 in first 3 months.

Enterprise purchases

Enterprise house owners utilizing the Capital One Spark Miles bank card for his or her purchases earn 2x miles on each greenback they spend. There are not any class bonuses to recollect, nor do you must activate any particular promotions. Whereas some enterprise rewards playing cards supply greater bonus classes, they earn simply 1x factors on all non-bonus purchases, which is just half what you possibly can earn with this card.

Rewards are limitless, so companies with bigger bills don’t have to fret about hitting a cap on how a lot they will earn.

Worker purchases

While you add worker playing cards to your account, you’ll earn 2X miles on their purchases as properly. Not like some enterprise bank cards, there are not any charges for including worker playing cards to the Capital One Spark Miles card. This enterprise bank card permits enterprise house owners to set particular person spending limits and monitor purchases as they put up to the account.

Capital One Journey

You’ll earn 5X miles on eligible reservations booked via Capital One Journey. Resort rooms and rental vehicles earn 5X miles, whereas flights and different journey reservations earn 2X miles.

Find out how to redeem Capital One Spark Miles for Enterprise miles

Spark Miles cardholders have a number of choices accessible when redeeming rewards. The best worth tends to be journey, however rewards will also be redeemed for money again, reward playing cards, on-line procuring and extra.

Reserving journey straight

Don’t fear about blackout dates or different restrictions when utilizing your Capital One Spark Miles card. Go to your most well-liked airline, lodge, rental automotive firm or different journey vendor and use your card to pay for the journey. You’ll have 90 days to make use of your Spark Miles to offset some or the entire price at a worth of 1 cent per mile.

Capital One Journey reservations

Cardholders can e book journey via the Capital One Journey portal at a worth of 1 cent per mile. Reserving via Capital One Journey additionally unlocks extra advantages, like fare predictions, free worth drop safety, lowest lodge ensures, worth matching and extra.

Switch miles to companions

Capital One companions with 15+ airways and inns so cardholders can switch rewards to these loyalty applications. Generally, miles switch on a 1:1 foundation, and all rewards transferred mix together with your current loyalty balances. This fashion, you possibly can speed up your path to incomes sufficient rewards to e book an award journey.

Often, Capital One presents switch bonuses, the place you’ll obtain extra miles or factors with taking part applications. These promotions can be found for a restricted time, but it surely’s usually really helpful to not switch your miles except you could have a reservation you need to e book. When you switch miles to a accomplice, they can’t be transferred again to Capital One.

Take into account that Capital One’s switch companions don’t embody U.S.-based airline applications, so maximizing them would require a studying curve.

Money again, reward playing cards and extra

Cardholders can redeem rewards for money again, reward playing cards, on-line procuring and extra. Nevertheless, these redemption choices have a tendency to supply values decrease than 1 cent per mile. Should you don’t have upcoming journey plans, they could be a good option to redeem rewards. Simply perceive that you simply’re not getting the best redemption worth.

Extra advantages

Along with incomes miles in your purchases, the Capital One Spark Miles bank card consists of different advantages that assist to justify its annual price. These advantages embody:

• International Entry or TSA PreCheck reimbursement. The Trusted Traveler program expedites vacationers via airport safety at taking part airports. Capital One reimburses cardholders as much as a $120 credit score for International Entry or TSA PreCheck®.
• Digital card numbers. Defend your bank card info when procuring on-line or over the cellphone with complimentary digital card numbers.
• Obtain transaction historical past. Simplify document maintaining by downloading your transaction historical past to import into your accounting software program. Accessible codecs embody Quicken, Quickbooks and Excel.
• Recurring transactions checklist. Simply determine ongoing prices with a listing of your recurring transactions.
• Life-style Assortment advantages. While you e book inns via the Capital One Life-style Assortment, you’ll obtain premium advantages on each keep, akin to a $50 expertise credit score, room upgrades and extra.
• Prolonged guarantee safety. Eligible purchases obtain an prolonged guarantee for as much as one yr.

Bank cards much like Capital One Spark Miles for Enterprise

The Capital One Spark Miles permits enterprise house owners to earn rewards on on a regular basis enterprise bills, however the card’s options and advantages don’t match everybody’s wants. Earlier than making use of for this card, contemplate different choices that could be a greater match.

Ink Enterprise Limitless® Credit score Card vs. Capital One Spark Miles for Enterprise

The Ink Enterprise Limitless® Credit score Card from Chase is a rewards bank card that doesn’t cost an annual price. It earns a vast 1.5% money again on each buy, and the rewards may be redeemed for money again, assertion credit, journey and extra. Its welcome bonus of $900 bonus money again after you spend $6,000 on purchases within the first 3 months from account opening is far bigger than the Spark Miles, but it surely additionally requires the next spending threshold, which can be difficult for some companies.

New cardholders also can make the most of a 0% introductory buy APR for 12 months from account opening (after that, the variable APR will probably be 18.49%–24.49%), which is a profit that the Spark Miles card doesn’t supply. The cardboard additionally consists of major rental automotive protection that isn’t accessible with the Spark Miles. Cardholders also can defend eligible purchases with an prolonged guarantee and buy safety.

The Blue Enterprise® Plus Credit score Card from American Specific vs. Capital One Spark Miles for Enterprise

The The Blue Enterprise® Plus Credit score Card from American Specific is one other no-annual-fee card that earns 2x rewards on purchases. Nevertheless, its bonus factors are restricted to the primary $50,000 you spend every year. After that, you’ll earn 1x factors on each buy. Worker playing cards may be added without spending a dime to earn rewards on their spending. These factors have versatile redemption choices, together with journey, assertion credit, on-line procuring and transfers to airline and lodge companions. It’s also possible to join your account to Quickbooks to routinely have your prices tagged together with your expense classes.

While you open an account, you’ll earn 15,000 Membership Rewards® factors after you spend $3,000 in eligible purchases on the Card inside your first 3 months of Card Membership. This decrease spending requirement could also be simpler for some companies to fulfill throughout the required timeframe. Moreover, Blue Enterprise Plus presents 0% intro APR on purchases for 12 months from date of account opening (then a variable APR of 18.49%–26.49%). The cardboard additionally consists of secondary rental automotive safety, buy safety and prolonged guarantee protection on eligible purchases.

To view charges and costs of the The Blue Enterprise® Plus Credit score Card from American Specific, see this web page.

Is Capital One Spark Miles for Enterprise best for you?

The Capital One Spark Miles for Enterprise is a superb rewards bank card for enterprise house owners. It presents limitless 2X miles on each buy, and free worker playing cards are included so you possibly can earn rewards on their purchases. Cardholders have quite a few redemption choices, however essentially the most worthwhile are usually reserving journey or transferring to airline and lodge companions.

Whereas there are quite a few advantages, the cardboard’s annual price and restricted advantages could not meet the wants of some enterprise house owners. The annual price offsets the worth of its earnings potential, and also you’ll must spend virtually $5,000 simply to interrupt even on the price. Whereas its rewards are targeted on journey, the cardboard doesn’t supply journey protections that you simply’d anticipate to obtain, like journey delay, cancellation or interruption safety, baggage insurance coverage and rental automotive protection.

Often requested questions

How a lot are Capital One Spark Miles for Enterprise price?

The worth of Spark Miles is determined by how they’re used, however the common worth is 1.25 cents per mile based mostly on our calculations. The best worth redemptions are reserving journey, protecting journey purchases or transferring miles to airline and lodge companions. Money again, reward playing cards and on-line procuring have a tendency to supply the bottom worth.

How do I take advantage of my Capital One Spark Miles for Enterprise?

Cardholders can redeem their miles via the Capital One web site or cell app. Merely log into your account and choose your card, then select the way you need to redeem your miles. You’ll be able to e book journey, get assertion credit, purchase reward playing cards and extra from the consolation of your own home or when you’re on the go.

What number of Capital One Miles do I would like for a flight?

The variety of miles required to e book a flight is determined by how a lot the flight prices. While you e book via Capital One Journey, your miles are price 1 cent every, so a $300 flight would require 30,000 miles. You might be able to discover a decrease price by pricing out what number of miles are required in case you transferred rewards to an airline accomplice and booked an award ticket.

Please notice that card particulars are correct as of the publish date, however are topic to vary at any time on the discretion of the issuer. Please contact the cardboard issuer to confirm charges, charges, and advantages earlier than making use of.

Phrases apply to American Specific advantages and presents. Enrollment could also be required for choose American Specific advantages and presents. Go to americanexpress.com to study extra.

Eligibility and Profit stage varies by Card. Phrases, Situations, and Limitations Apply. Please go to americanexpress.com/benefitsguide for extra particulars. Underwritten by Amex Assurance Firm.

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