MoneyGeek’s Take

Capital One® Spark® Miles Select for Business Review

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Updated: June 14, 2024

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Capital One® Spark® Miles Select for Business

Rewards RateEarn unlimited 1.5X miles on every purchase for yo...
APR18.49%, 21.49% or 24.49% variable
Annual Fee$0
Recommended Credit670-850 (Good to Excellent)
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If you’re looking for a no-annual-fee business travel card with a simple rewards system, the Capital One® Spark® Miles Select for Business is a good option. The generous 5X miles rewards for hotel and car rentals booked through Capital One Travel, make this card ideal if you travel frequently. You can also take advantage of the 20,000-mile early spend bonus by spending $3,000 in the first three months. However, this travel card has limited airline partners which may limit your redemption options.

MoneyGeek’s Capital One® Spark® Miles Select for Business review highlights everything you need to know about this business travel card to help you make the right choice for your business.

Capital One Spark Miles Select for Business Overview

Capital One® Spark® Miles Select for Business benefits include unlimited rewards on all purchases at 1.5 miles per dollar and a generous 5 miles per dollar on eligible hotel and travel bookings. Other key rewards and bonuses include the following:

Quick Take

  • No annual or foreign transaction fees
  • Earn 20,000 bonus miles by spending $3,000 on purchases in the first three months
  • Get 5X miles per dollar when you use Capital One Travel to book hotels and rental cars
  • Get 1.5X miles per dollar on all other purchases
  • Redeem miles to book flights, hotels, vacation packages and more through Capital One Travel
  • Transfer miles to any of more than 15 travel partners
  • Redeeming miles for previous travel purchases, or for cash in the form of a check, as an account credit or for gift cards is possible
  • Free employee cards with customized spending limits
  • Complimentary rental collision coverage and roadside assistance
  • Select your own due date
  • Year-end summaries
  • Extended warranty
  • $0 fraud liability

Important Card Details

Apart from standard APR charges, it is also important to understand all other rates and fees before completing your Capital One® Spark® Miles Select for Business application.

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    Regular APR

    The Capital One® Spark® Miles Select for Business has a 0% introductory APR for the first nine months. After that, your APR will be 18.24% – 28.24%, based on your creditworthiness and the prevailing prime rate.

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    Annual fee

    This card does not have any annual fees.

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    APR for cash advances

    Cash advances attract a 31.99% APR which may vary depending on the prime rate.

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    Balance transfer APR

    Balance transfers attract a 18.24% – 28.24% APR depending on your creditworthiness and the current prime rate. There is no introductory APR offer for balance transfers.

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    Cash advance fees

    Cash advances are charged 5% of the amount of the cash advance, but not less than $5

    Penalty APR and fees

    Late payments and returned payments attract a penalty fee of up to $39. The penalty APR for late and returned payments is 34.4%.

    Foreign transaction fees

    This card has no transaction fees for any transactions made outside the U.S. You can use the card globally at no extra charge.

Additional Benefits

Before making your Capital One® Spark® Miles Select for Business application, it is also important to be aware of the additional features offered by this card.

  • Standard features: The Capital One® Spark® Miles Select for Business benefits include rental-car insurance and roadside assistance, extended warranty protection and purchase protection for up to 90 days, and free employee cards and customized spending limits that give you control over employee spending.
  • Security Features: You can manage access to your account using the Capital One mobile app, including locking your card or employee cards. You will also get security alerts on call, email or text in case of suspicious activity on your card.
  • Customer Experience: Cardholders have access to 24-hour customer service by phone. You can also conveniently manage your account online or via the Capital One mobile app. Capital One tied for first in the J.D. Power 2021 Small Business Credit Card Customer Satisfaction Study, so they have a reputation for good customer service.

How the Capital One Spark Miles Select for Business Compares To Other Cards

For small business owners the Capital One® Spark® Miles Select for Business offers unlimited rewards on purchases and a generous welcome bonus. If you spend a lot on hotel and travel bookings you will get great value from your Capital One® Spark® Miles Select for Business card since you can earn 5 miles per dollar if you book hotels and car rentals through Capital One Journey. However, there are other business cards that offer more generous rewards. The Ink Business Preferred may be a better option for higher rewards for common business expenses if you don’t mind the $95 annual fee.

How the Capital One Spark Miles Select for Business Compares

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Capital One® Spark® Miles Select for Business

  • Annual fee: $0
  • Purchase APR: 18.24% – 28.24% (Variable)
  • Foreign transaction fee: $0
  • Rewards rate: 1.5X miles per dollar on all purchases. 5X miles per dollar for hotel and travel bookings through Capital One Journey
  • Best for: Small businesses looking for a simple flat-rate rewards card with no annual fees
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Ink Business Preferred® Credit Card

  • Annual fee: $95
  • Purchase APR: 20.99% – 25.99% (Variable)
  • Foreign transaction fee: $0
  • Rewards rate: 3X points per dollar for travel, shipping purchases, Internet, cable and phone services, advertising purchases, and 1X reward points for all other purchases
  • Best for: Business travelers who want a higher rewards rate for specific spending categories

Frequently Asked Questions

What is the average credit score needed to get approved for Capital One® Spark® Miles Select for Business?
Does Capital One® Spark® Miles Select for Business report to all three credit bureaus?
Is the Capital One® Spark® Miles Select for Business application process lengthy? Can you prequalify?
What information is needed to apply for Capital One® Spark® Miles Select for Business?
Does Capital One® Spark® Miles Select for Business have good customer service or satisfaction?
Does Capital One® Spark® Miles Select for Business have a mobile app or the option to pay or manage your account online?
Does Capital One® Spark® Miles Select for Business raise credit limits automatically or charge for limit increases?
Does Capital One® Spark® Miles Select for Business offer the options to freeze your credit/account or have other security features?
Does Capital One offer other credit cards besides, Capital One® Spark® Miles Select for Business?

About Doug Milnes, CFA


Doug Milnes, CFA headshot

Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.

Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.


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