MoneyGeek’s Take

Capital One Spark Miles Select Review

The Capital One Spark Miles Select benefits include a straightforward rewards system of 1.5X miles on every purchase, 0% intro APR and a generous welcome bonus. You can also earn 5X miles per dollar spent on hotel and travel bookings done through Capital One Travel.

Last Updated: 5/30/2022
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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 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 review highlights everything you need to know about this business travel card to help you make the right choice for your business.

Card Details to Know Up Front
  • Bonus, Fee or Feature
    Has or Not
  • Has Annual Fee
  • Has Balance Transfer Offer
  • Has APR Offer
  • Cash Back Rewards
  • Travel Rewards
Click to see this card’s rates, fees and how they compare to other cards in our dataset.

Capital One Spark Miles Select at a Glance

You can earn unlimited rewards on all purchases with the Capital One Spark Miles Select card at a flat rate of 1.5 miles per dollar spent. You will also get a generous early spend bonus of 20,000 miles if you spend $3,000 on purchases within the first three months. This card is also ideal for frequent travelers because there are accelerated rewards on hotel and travel bookings and no transaction fees.


  • Capital One Spark Miles Select

    A great no-annual-fee travel rewards card for small business owners with excellent credit


    • Good – ExcellentCredit Needed
    • $0Annual Fee
    • 1.5 – 5 milesRewards Rate
    • 3.25Miles Rate per $ (Avg Value)

Pros & Cons Explained

If you’re considering getting Capital One Spark Miles Select as your business travel card, it’s important to be aware of the card’s pros and cons.

Pros

  • Benefits
    Description
  • Unlimited rewards on every purchase
    The Capital One Spark Miles Select offers you 1.5X miles on every purchase, so you can easily accumulate reward points if you put large purchases on the card. There is also no cap on rewards, so you have unlimited opportunities to earn travel miles on your card.
  • No annual fee
    Annual fees can eat into your rewards, but the Capital One Spark Miles Select has no annual fee, so it is ideal if you need a low-cost business travel card.
  • No foreign transaction fees
    If you travel frequently, you will not have to pay any charges for using your card outside the country, so this card is a good option for frequent travelers.
  • 0% introductory APR for purchases
    All your purchases on the Capital One Spark Miles Select for the first nine months will qualify for 0% APR so you can take advantage of this offer to save on interest charges.

Cons

  • Drawbacks
    Description
  • Limited airline partners
    Capital One Spark Miles Select allows you to transfer your rewards to its airline partners but you will have a limited number of airline partners that you can choose from.
  • No Introductory APR for balance transfers
    All balance transfers attract a variable APR of 14.24%, 20.24% or 24.24% depending on your creditworthiness.
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LOOKING FOR THE BEST CREDIT CARDS OF 2022?

The Capital One Spark Miles Select is not on MoneyGeek’s list of the best business credit cards. You can look at our recommendations to find out which cards offer the most value for small businesses looking for rewards on purchases and travel expenses.

Bonuses & Rewards Explained

Capital One Spark Miles Select 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:

1

Welcome Bonus

If you spend $3,000 on purchases within the first three months from account opening, you will earn 20,000 bonus miles on your Capital One Spark Miles Select.

2

Earning rewards

This card earns rewards at a flat rate of 1.5 miles per dollar for all purchases. You will also earn accelerated rewards on car rentals and hotels booked through Capital One Travel at 5 miles per dollar.

3

Redeeming rewards

Capital offers flexible redemption options, including using your rewards to use your reward miles to book travel directly through Capital One Travel. You can also book travel through any eligible merchant and get a statement credit against the purchase. Rewards can also be transferred to select airlines or redeemed for cash back or gift cards at 5 cents per mile and 8 cents per mile, respectively.

Other Features Explained

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

  • Card Feature
    Description
  • Standard features
    The Capital One Spark Miles Select 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.
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MONEYGEEK QUICK TIP

If you need to finance a big business purchase, you can take advantage of the nine months 0% introductory APR on the Capital One Spark Miles Select to pay off the purchase without incurring costly interest charges.

Understanding the Fine Print

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

  • Card Feature
    Amount or Rate
  • APR
    14.24% – 24.24%
  • Annual Fee
    $0
  • Cash Back Rewards
  • Rewards Rate
    1.5 – 5 miles
  • Airline Benefits
  • This is an icon

    Regular APR

    The Capital One Spark Miles Select has a 0% introductory APR for the first nine months. After that, your APR will be 14.24%, 20.24% or 24.24%, based on your creditworthiness and the prevailing prime rate.

  • This is an icon

    Annual fee

    This card does not have any annual fees.

  • This is an icon

    APR for cash advances

    Cash advances attract a 27.24% APR which may vary depending on the prime rate.

  • This is an icon

    Balance transfer APR

    Balance transfers attract a 14.24%, 20.24% or 24.24% 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 $10, or 3% of the amount of each cash advance, whichever is greater.

  • 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 29.65%.

  • 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.

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WHERE TO FIND THIS INFORMATION?

You can get useful information about the Capital One Spark Miles Select benefits and features by checking the issuer's website. Your latest billing statement will also carry the latest information on rates and fees for your card. The Consumer Financial Protection Bureau also maintains a credit card agreement database containing important information that you may find useful when comparing and reviewing credit cards.

Who Should & Shouldn’t Consider Capital One Spark Miles Select?

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Other Considerations for Capital One Spark Miles Select

Depending on whether the Capital One Spark Miles Select your primary or secondary business credit card, you will get the most value from it if you understand its features and benefits.

Things to Consider if This Will Be Your First or Only Credit Card

If you plan to make the Capital One Spark Miles Select your primary business card it is important to be aware that this card offers a flat-rate rewards program, so if you spend more in some categories than others, you may miss out on the rewards you would get with a tiered rewards program.

The Capital One Spark Miles Select credit score requirement is 800 or higher, so you need to have an excellent credit score to qualify for this card.

Things to Consider if This Will Be an Additional Card in Your Wallet

If the Capital One Spark Miles Select is an addition to other credit cards in your wallet, you may want to transfer your purchases to this card and take advantage of the 0% introductory APR for the first nine months to save on interest charges.

The Capital One Spark Miles Select also has generous rewards on hotel and travel bookings at 5 miles per dollars. It is worth comparing with your travel cards to see if you will get more value by using the Capital One Spark Miles Select for your travel expenses.

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WHY TRUST OUR REVIEWS:

MoneyGeek’s methodology and comprehensive review process help us to determine the best credit cards for different profiles based on card fees, interest rates, rewards, benefits and more. We use a comprehensive six-step process that involves collecting credit card information, standardizing data point weights, establishing the cards' value and ranks for different categories and reviewing data monthly and rankings among other key rating factors.

How Capital One Spark Miles Select Compares to Other Cards

For small business owners the Capital One Spark Miles Select 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 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.

Quick Comparison of Capital One Spark Miles Select

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Capital One Spark Miles Select

  • Annual fee: $0
  • Purchase APR: 14.24%, 20.24% or 24.24% (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

  • Annual fee: $95
  • Purchase APR: 15.99%–20.99% (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

Other Helpful Decision-Making Q&As

You can learn more about the Capital One Spark Miles Select application process, features and benefits in the answers to commonly asked questions below.

Still not sure about this card? Consider these options.

For a straightforward rewards program and flexible redemption options, the Capital One Spark Miles Select is a good option for small businesses. It also attracts no annual fees or foreign transaction fees so it’s ideal for those looking for a low-cost business travel card. However, there are other business cards with better rewards rates that you may want to consider before opting for the Capital One Spark Miles Select. You can look up MoneyGeek’s recommendations for the best business credit cards for more options.

Learn more about credit cards in general

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*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
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