Here are the latest offers for Capital One’s Spark business credit cards

Oct 21, 2020

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Capital One offers a number of Spark business credit cards, some focused on travel and some focused on cash back.

The Capital One Spark Miles for Business and Capital One Spark Miles Select for Business both reward cardholders with Capital One miles that can be redeemed for travel purchases as your statement or transferred to any of Capital One’s travel partners. The Capital One Spark Cash for Business and Capital One Spark Cash Select for Business both reward cardholders with standard cash back.

All of the cards also come with some useful benefits, such as no foreign transaction fees. Most recently, Capital One added access to expanded purchasing power. This allows your business to spend above your usual limit and earn more rewards.

Let’s dive into the current bonus offered across each of these cards:

The information for the Capital One Spark Miles Select for Business and Capital One Spark Cash Select for Business has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

Capital One Spark Miles

Annual fee: $95, waived the first year

Current bonus: 50,000 miles once you spend $4,500 on purchases in the first three months

You’ll earn unlimited 2x miles on every purchase. Those miles can then be redeemed at a fixed-rate of 1 cent per point to “pay” for travel purchases going back 90 days on your statement, or transferred to one of Capital One’s airline or hotel partners. Because of this redemption flexibility, TPG currently values Capital One miles at 1.4 cents each. That makes the sign-up bonus worth up to $700*, based on TPG valuations, when you maximize your transfer strategy.

Cardholders also receive up to a $100 TSA PreCheck or Global Entry application fee credit once very four years.

Capital One Spark Miles Select

Annual fee: $0

Current bonus: 20,000 miles once you spend $3,000 on purchases in the first three months

The Spark Miles Select is the no-annual-fee version of the Spark Miles, offering unlimited 1.5x miles on all purchases. The card does come with a lower sign-up bonus, worth $280* according to TPG valuations. The rewards you earn are considered full-fledged Capital One miles, too, meaning you can still use its transfer partners.

While most small business owners will get better value out of the Capital One Spark Miles (even with the annual fee after the first year), freelancers with minimal monthly budgets will enjoy the card’s lack of an annual fee and simple earning structure.

Capital One Spark Cash

Annual fee: $95, waived the first year

Current bonus: $500 after you spend $4,500 on purchases within the first three months

If cash back is more your style, the Spark Cash offers unlimited 2% cash back on every purchase. There are no rotating or tiered categories to worry about, and you can use your cash back on more than just travel-related purchases. This card is best for business owners who are looking for a straightforward way to earn and burn rewards.

Capital One Spark Cash Select

Annual fee: $0

Current bonus: $200 after you spend $3,000 on purchases within the first three months

Similar to the Spark Cash, the Spark Cash Select rewards cardholders with cash back instead of miles. In exchange for no annual fee, you’ll earn 1.5x miles and only a $200 sign-up bonus. This is a great option for low-budget businesses and freelancers who spend across a wide range of categories for business expenses, but consider whether you’ll get more long-term value from the Spark Cash, even with the annual fee after the first year.

Related: Who might be eligible for a small business card

Should you apply for the Spark Miles or Spark Cash?

Because the annual fees are both waived in the first year, most businesses will be better off applying for the Spark Miles or Spark Cash over their no-fee Select counterparts. But should you get the Spark Miles or the Spark Cash?

The Spark Miles is geared to business owners who travel often; the Spark Cash is aimed at those who want cash-back rewards. The two are similar in their rewards structures and fees — with a few key differences. Here’s a quick snapshot:

Spark Miles Spark Cash
Sign-up bonus: 50,000 miles after you spend $4,500 in the first three months $500 bonus after you spend $4,500 in the first three months
Rewards rate: 2x miles on all purchases 2% cash back on every purchase
Redemption options: Redeem as a statement credit for travel purchases or transfer to one of Capital One’s 13 airline or two hotel transfer partners Redeem as a statement credit or a check
Annual fee: $95, waived the first year $95, waived the first year

 

Cash back is more flexible in what you can spend it on, but Capital One miles are worth more, according to TPG’s valuations. This is because of your ability to transfer them to popular frequent flyer programs. This means you’re getting a 2.8% return when you use the Spark Miles (compared to the flat 2% on the Spark Cash). The Spark Miles offers a TSA PreCheck/Global Entry application-fee credit (up to $100) that isn’t available on the Spark Cash.

Related: How to maximize Capital One miles

People chasing airline elite status may not want to book through a specific card’s booking portal, but business owners who don’t care about hotel status can book through the Capital One portal and maximize their earnings at the same time they’re meeting minimum spend requirements.

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here. 

(Photo courtesy JW Marriott Phuket)
You can earn 5x on hotels worldwide, including the JW Marriott Phuket. (Photo courtesy of JW Marriott Phuket)

Bottom line

No matter which flavor of the Capital One Spark business cards you choose, you’ll be getting bonus rewards on every single purchase. By and large, the Spark Miles and Spark Cash are the more valuable of the four — they both come with higher sign-up bonuses and better overall rewards structures. And because both waive the $95 annual fee in the first year, you’ll have an entire year to try out the card before deciding whether the annual fee will be worth it.

Benji Stawski contributed to this post.

Featured image by The Points Guy.

Delta SkyMiles® Platinum American Express Card

Earn 90,000 bonus miles and 10,000 Medallion® Qualification Miles (MQMs) after you spend $3,000 in purchases on your new card in the first three months of card membership. Offer ends 11/10/2021.

With Status Boost™, earn 10,000 Medallion Qualification Miles (MQMs) after you spend $25,000 in purchases on your Card in a calendar year, up to two times per year getting you closer to Medallion Status. Earn 3X Miles on Delta purchases and purchases made directly with hotels, 2X Miles at restaurants and at U.S. supermarkets and earn 1X Mile on all other eligible purchases. Terms Apply.

Apply Now
More Things to Know
  • Limited Time Offer: Earn 90,000 Bonus Miles and 10,000 Medallion® Qualification Miles (MQMs) after you spend $3,000 in purchases on your new Card in your first 3 months. Offer expires 11/10/2021.
  • Earn up to 20,000 Medallion® Qualification Miles (MQMs) with Status Boost® per year. After you spend $25,000 in purchases on your Card in a calendar year, you can earn 10,000 MQMs two times per year, getting you closer to Medallion® Status. MQMs are used to determine Medallion® Status and are different than miles you earn toward flights.
  • Earn 3X Miles on Delta purchases and purchases made directly with hotels.
  • Earn 2X Miles at restaurants worldwide, including takeout and delivery and at U.S. supermarkets.
  • Earn 1X Miles on all other eligible purchases.
  • Receive a Domestic Main Cabin round-trip companion certificate each year upon renewal of your Card. *Payment of the government imposed taxes and fees of no more than $75 for roundtrip domestic flights (for itineraries with up to four flight segments) is required. Baggage charges and other restrictions apply. See terms and conditions for details.
  • Enjoy your first checked bag free on Delta flights.
  • Fee Credit for Global Entry or TSA Pre✓®.
  • Enjoy an exclusive rate of $39 per person per visit to enter the Delta Sky Club® for you and up to two guests when traveling on a Delta flight.
  • No Foreign Transaction Fees.
  • $250 Annual Fee.
  • Terms Apply.
  • See Rates & Fees
Regular APR
15.74%-24.74% Variable
Annual Fee
$250
Balance Transfer Fee
N/A
Recommended Credit
Excellent/Good
Terms and restrictions apply. See rates & fees.

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