Capital One Spark Miles for Business review

Capital One Spark Miles for Enterprise: Overview

APR

• Intro: N/A
• Buy: 26.24% variable APR
• Steadiness switch: 26.24% variable APR; no transaction price
• Money advance:  32.24% variable APR; $3 or 3% of the advance quantity as a transaction price
• Penalty: 34.65% variable APR

Annual price: $0 the primary yr; $95 every year afterwardfor yr two and past

Overseas transaction price: None

Late cost price: $39

The Capital One Spark Miles for Enterprise account rewards frequent enterprise vacationers with a beneficiant numberamount of miles every time they use their card. So, when you run and develop your organization from airport lounges and lodge rooms, it might make an excellent addition to your agency’s monetary toolbelt. Nonetheless, the Spark Miles APR is excessive–—particularly when you take out a money advance or miss a cost.

Capital One Spark Miles for Enterprise: Rewards

You possibly can earn 2x the miles on each buy, with no restrict, no matter spending class. You may also earn 5x the miles while you use your card to guide rental vehicles and lodge stays by way of Capital One Journey. Simply remember the fact that money advances, stability transfers, and account checks don’t earn miles.

Does Capital One Spark Miles for Enterprise provide a bonus?

The Capital One Spark Miles for Enterprise card gives a beneficiant welcome bonus of fifty,000 miles. You should spend $4,500 inside the first three months of being an account holder to be eligible for the bonus.

Methods to redeem Capital One Spark Miles for Enterprise miles

You possibly can redeem your Capital One Spark Miles for Enterprise miles in a number of methods, together with:

Earlier than journey

You possibly can cut back your upfront journey bills by reserving your flight, rental automobile, or lodge keep by way of Capital One Travel. The variety of miles you might want to redeem will fluctuate based mostly on the price of your itinerary.

After journey

You may also use your miles to scale back the price of previous journey. You should apply your miles to your account stability inside 90 days of creating the journey buy along with your card.

By journey companions

Capital One has agreements with greater than 15 lodge chains and airways, equivalent to British Airways Government Membership, Flying Blue, Virgin Purple, and Wyndham Rewards, to call a couple of. You should use your miles for flights, lodging, and trip packages by transferring them to those journey companions.

Different cost strategies

Capital One helps you to swap your miles for reward playing cards, checks, or account credit. Nonetheless, the redemption charges can change on the card issuer’s discretion, so it’s a good suggestion to periodically test what you’re getting in your well-earned miles earlier than finishing the transaction.

Further advantages

Your Capital One Spark Miles for Enterprise account options a number of different advantages moreover incomes miles, equivalent to:

• Preliminary annual price waived: As a brand new cardholder, you gained’t need to pay an annual price till yr two.
• Versatile cost date. Select the due date that works finest for your corporation.
• As much as a $100 assertion credit score: Get an announcement credit score while you use your account to cowl your TSA Pre✔® ($85) or International Entry ($100) utility price.
• Capital One Lounge entry: Take pleasure in refreshments in a soothing setting away from the chaos of the airport.
• Software program integrations: Your bank card account will work seamlessly with platforms like QuickBooks and Xero.
• Vendor funds: Pay distributors that don’t usually settle for bank cards along with your account. (A 2.9% price applies.)
• Worker playing cards: Give your staff their very own playing cards totally free, earn rewards based mostly on their spending, and set acceptable spending limits. 
• Fraud safety: Get fraud and safety alerts, lock your card when crucial, and chill out, understanding you’ve got $0 price of fraud legal responsibility ought to your card fall into the unsuitable palms.
• Useful experiences: Assessment buy information, transaction particulars, recurring transactions, and year-end summaries to tell firm budgeting and monetary planning processes.
• Prolonged guarantee safety: If you happen to purchase an merchandise along with your Capital One Spark Miles for Enterprise bank card, you might be able to get extra safety for it.

Is Capital One Spark Miles for Enterprise best for you?

Capital One Spark Miles for Enterprise would be the splendid enterprise bank card for you when you journey rather a lot on behalf of your organization. The cardboard helps you defray your journey bills with each buy. Plus, you may earn 5x the miles on journeys you guide by way of the Capital One Journey platform.

Alternatively, the Spark Miles card may not give you the results you want when you run your corporation from a single location. The reward construction gained’t profit you that a lot. Plus, it’s possible you’ll not really feel the account is well worth the $95 annual price (beginning in yr two).

Bank cards just like Capital One Spark Miles for Enterprise

If the Capital One Spark Miles for Enterprise card doesn’t make sense in your enterprise, you’ve got a number of different choices. Contemplate the Capital One Spark Money Plus card.

Capital One Spark Money Plus vs. Capital One Spark Miles for Enterprise

The Capital One Spark Money Plus card is a strong selection if you wish to put a refund in your pocket or cut back your account stability. It provides you limitless 2% money again (as an alternative of miles) on each buy and limitless 5% money again on motels and rental vehicles booked by way of Capital One Journey. 

Nonetheless, it’s a cost card, so that you want sufficient money movement to repay your entire stability every month. Plus, the Spark Money card’s annual price is barely greater than the Spark Miles’, coming in at $150.

Ceaselessly requested questions

Do Capital One miles expire?

Capital One miles don’t expire. Nonetheless, in case your account will get closed, it’s possible you’ll lose the rewards you’ve banked however not redeemed.

Is a cash-back card higher than miles?

A cash-back card could also be a greater match than a much card when you don’t journey typically. 

What FICO rating do you want for Capital One?

Every of Capital One’s bank cards has its personal eligibility standards. Nonetheless, you want a superb FICO rating to qualify for the Capital One Spark Miles for Enterprise card. 

Please be aware that card particulars are correct as of the publish date, however are topic to alter at any time on the discretion of the issuer. Please contact the cardboard issuer to confirm charges, charges, and advantages earlier than making use of.