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Capital One launches the Spark Travel Elite card for small businesses

July 24, 2022
4 min read
Capital One launches the Spark Travel Elite card for small businesses
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Editor’s note: This post has been updated with new information.


Small-business owners looking to earn Capital One miles and leverage multiple travel perks will be excited to hear about the newest card available from Capital One. The Capital One Spark Travel Elite card is not currently available to the public, but those with a business relationship manager can apply to take advantage of a welcome offer that can be worth well over $4,000.

Let's take a look at the card's features, sign-up bonus and how you can apply.

The information for the Spark Travel Elite card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

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Spark Travel Elite card details

The Spark Travel Elite card is a small-business credit card that is currently available only to those who are clients of Capital One Relationship Managers. Access to the card may expand in the future, however.

The current welcome offer is for up to 250,000 bonus Capital One miles in the first six months. That's broken up into earning 50,000 miles after spending $10,000 in the first three months and 200,000 miles after spending $50,000 in the first six months. TPG values Capital One miles at 1.85 cents apiece, making the total welcome offer worth over $4,600.

(Photo by Wyatt Smith/The Points Guy)

Cardholders will earn 10 miles per dollar spent on hotels and rental cars with Capital One Travel; 5 miles per dollar on flights booked with Capital One Travel; and 2 miles per dollar on all other purchases.

Cardholder perks include 10,000 bonus miles on each account anniversary, up to $300 in annual credits for bookings made through Capital One Travel, unlimited access to Capital One lounges, access to Priority Pass and Plaza Premium lounges and up to $100 in statement credits to reimburse your application fee for Global Entry or TSA PreCheck (once every four years).

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Plus, Capital One is also set to have its own luxury hotel program with the Premier Collection, launching before the end of 2022. Cardholders with access to this program will get special access at hotels that have been "hand-picked for exceptional quality," and enjoy benefits like free breakfast, room upgrades and on-property credits to use for free experiences or free food.

Small business-related perks include the ability to pay vendors through the card (even vendors who don't accept credit cards), receipt capturing on the Capital One app (coming later this year) and adding employee cards. Additionally, as long as your account remains in good standing, Capital One will not report your account opening or account activity to your personal credit report.

Related: Do business credit cards impact my credit score?

The Spark Travel Elite has a $395 annual fee. This card is a charge card, meaning it has no preset spending limit. However, limits on purchasing ability can be based on several factors, such as spending history and payment history. For those who want to make sure a transaction will go through, there is a tool on the website and the Capital One app to confirm spending power prior to making a large purchase.

Related: Business credit vs. charge cards: Which is right for you?

Bottom line

Interestingly, the Spark Travel Elite is very similar to the Capital One Venture X Rewards Credit Card (a personal credit card) in many ways.

Both cards offer a $300 annual travel credit and they have the same earning structure, annual fee, lounge access perks, anniversary bonus miles benefit and reimbursement perk for Global Entry or TSA PreCheck application fees.

The only difference is that one is a charge card for small businesses while the other is a credit card for personal use.

For small-business owners looking for travel perks and wanting to earn transferable miles with Capital One, speak to your Relationship Manager.

Featured image by (Photo by Wyatt Smith/The Points Guy)
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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TPG featured card

Best for the well-traveled foodie
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review
Apply for American Express® Gold Card
at American Express's secure site

Rewards

3 - 4X points
4XEarn 4X Membership Rewards® Points at Restaurants, plus takeout and delivery in the U.S.
4XEarn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X).
3XEarn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.

Intro offer

60,000 bonus points
Earn 60,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new Card within the first 6 months of Card Membership.

Annual Fee

$250

Recommended Credit

670-850
Excellent/Good
Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Why We Chose It

There's a lot to love about the Amex Gold card. It's been a fan favorite during the pandemic because of its fantastic rewards rate on restaurants (that includes takeout and delivery in the U.S.!) and U.S. supermarkets. If you're hitting the skies soon, you'll also earn bonus points on travel. Paired with up to $120 in Uber Cash (for U.S. Uber rides or Uber Eats orders) and up to $120 in annual dining statement credits at eligible partners, there's no reason that the foodie shouldn't add this card to their wallet. Enrollment required.

Pros

  • 4x on dining at restaurants and U.S. supermarkets (on the first $25,000 in purchases per calendar year; then 1x)
  • 3x on flights booked directly with the airline or with Amex Travel
  • Welcome bonus of 60,000 points after spending $4,000 in the first six months

Cons

  • Weak on travel outside of flights and everyday spending bonus categories
  • Not as useful for those living outside the U.S.
  • Some may have trouble using Uber/food credits
  • Few travel perks and protections
  • Earn 60,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new Card within the first 6 months of Card Membership.
  • Earn 4X Membership Rewards® Points at Restaurants, plus takeout and delivery in the U.S., and earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X).
  • Earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
  • $120 Uber Cash on Gold: Add your Gold Card to your Uber account and each month automatically get $10 in Uber Cash for Uber Eats orders or Uber rides in the U.S., totaling up to $120 per year.
  • $120 Dining Credit: Satisfy your cravings and earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, Milk Bar and select Shake Shack locations. Enrollment required.
  • Choose the color that suits your style. Gold or Rose Gold.
  • No Foreign Transaction Fees.
  • Annual Fee is $250.
  • Terms Apply.
  • See Rates & Fees
Apply for American Express® Gold Card
at American Express's secure site
Terms & restrictions apply. See rates & fees
Best for the well-traveled foodie
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards Rate

4XEarn 4X Membership Rewards® Points at Restaurants, plus takeout and delivery in the U.S.
4XEarn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X).
3XEarn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
  • Intro Offer
    Earn 60,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new Card within the first 6 months of Card Membership.

    60,000 bonus points
  • Annual Fee

    $250
  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    670-850
    Excellent/Good

Why We Chose It

There's a lot to love about the Amex Gold card. It's been a fan favorite during the pandemic because of its fantastic rewards rate on restaurants (that includes takeout and delivery in the U.S.!) and U.S. supermarkets. If you're hitting the skies soon, you'll also earn bonus points on travel. Paired with up to $120 in Uber Cash (for U.S. Uber rides or Uber Eats orders) and up to $120 in annual dining statement credits at eligible partners, there's no reason that the foodie shouldn't add this card to their wallet. Enrollment required.

Pros

  • 4x on dining at restaurants and U.S. supermarkets (on the first $25,000 in purchases per calendar year; then 1x)
  • 3x on flights booked directly with the airline or with Amex Travel
  • Welcome bonus of 60,000 points after spending $4,000 in the first six months

Cons

  • Weak on travel outside of flights and everyday spending bonus categories
  • Not as useful for those living outside the U.S.
  • Some may have trouble using Uber/food credits
  • Few travel perks and protections
  • Earn 60,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new Card within the first 6 months of Card Membership.
  • Earn 4X Membership Rewards® Points at Restaurants, plus takeout and delivery in the U.S., and earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X).
  • Earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
  • $120 Uber Cash on Gold: Add your Gold Card to your Uber account and each month automatically get $10 in Uber Cash for Uber Eats orders or Uber rides in the U.S., totaling up to $120 per year.
  • $120 Dining Credit: Satisfy your cravings and earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, Milk Bar and select Shake Shack locations. Enrollment required.
  • Choose the color that suits your style. Gold or Rose Gold.
  • No Foreign Transaction Fees.
  • Annual Fee is $250.
  • Terms Apply.
  • See Rates & Fees