Card Highlights
Capital One Spark Miles Business Card is a Credit Card
With a credit card, you can carry a balance and accrue interest if necessary. Note this is not advised by me. The points game does not work well, if you are carrying a balance and accruing interest. See #4 in Let’s Get Started To Earning Free Travel.
Card Rewards
Earn Spark Miles with the card. Learn about Capital One Spark Miles here.
Sign-up Bonus
50,000 Spark BONUS MILES offer after you spend $4,500 in the first 3 months. APPLY FOR THE CARD HERE
Before you apply, make sure you are not limited by any of the Capital One application rules.
Annual Fee
$0 Introductory Annual Fee the first year, then $95
No Additional Cardholder Fees
There are no additional cardholder fees.
Earn Miles on Spending
Earn 5x miles per dollar for purchases for hotel and car rentals made through Capital One Travel using your Spark Miles.
Earn unlimited 2X miles on every purchase
Global Entry or TSA Pre✔ Credit
When you pay the application fee with your Spark Miles card, you’ll receive a statement credit of $100 for Global Entry or $85 for TSA Pre✔®. You’ll be eligible for another credit in 4 years.
Capital One Lounge Access
Get 2 free visits per year to the new Capital One Lounges. You can pass these 2 annual visits to your authorized users or account managers. You can use both at the same time if you want to bring in a guest with you for free.
Plaza Premium Lounge Access
You receive two complimentary visits per year to Plaza Premium Lounges. You can pass these 2 annual visits to your authorized users or account managers. You can also use both at the same time if you want to bring in a guest with you for free.
After your 2 free annual visits, you can purchase lounge passes at a discounted rate of $45 (for all other people it is $65).
No Foreign Transaction Fees
Pay no foreign transaction fees when you use your card on purchases made outside the United States.
Redeem Your Miles Three Ways
You have three ways to redeem your miles for travel
You can book your travel and pay using your card. You then need to go online at capitalone.com or call the Rewards Center to use the Purchase Eraser feature to redeem your miles and receive an account credit for the cost of your travel purchase. Note, purchase Eraser redemptions must be made within 90 days from the date your travel purchase posts to your account. Your account credit is usually applied to your balance within 2 to 3 business days after the redemption. Redemptions for a portion of a purchase amount (partial redemptions) are available.
Go online to capitalone.com or contact the Cap One Rewards Center to book your travel. You can then use your miles to pay for your travel. The number of miles needed is based upon the cost of the travel purchase.
Here is how it works with either method:
Simply multiply the cost of your travel purchase by 100. For example, if your travel purchase costs $200, you would multiply that by 100 to determine you need 20,000 miles to redeem.
Note, no matter how you redeem, you can only redeem your miles against travel purchases. Capital One generally defines travel as purchases made from airlines, hotels, rail lines, car rental agencies, limousine services, bus lines, cruise lines, taxi cabs, travel agents and time shares.
The Points Mom And The Capital One Spark Miles Business Card
Rob got the card through his business with a bonus worth $2,000!
