Capital One Spark Miles for Business Review (2020.1 Update: 50k Offer)

Capital One Spark Miles for Business Review

2020.1 Update: The 200k offer is expired. The current offer is 50k.

2019.10 Update: The Spark Miles card now has a revamped signup bonus of 50k miles after spending $5k in the first 3 months and an additional 150k miles after spending $50k in 6 months. Combined with the 2 miles earned per dollar spent, the first $5k in spend has a 12% rate of return. If you were to max out the $50k in spend, the overall return on spend would be 6%, which is very good.

Application Link


  1. 50k offer: earn 50,000 Miles after spending $4,500 in the first 3 months.
  2. Earn 2x miles on all purchases.
  3. How to redeem the miles:
    1. [New] You can transfer them to partner airline miles, the ratio for most of them is 2:1.5, including: AV, AC, CX, etc.
    2. You can redeem the miles for statement credit to cover travel expenses at a fixed ratio 1 cent/mile.
    3. You can also redeem the miles for some gift cards at a fixed ratio 1 cent/mile.
    4. You can also redeem for cash, but the ratio is very low, only 0.5 cents/mile.
  4. [New] Up to $100 credit for Global Entry or TSA Precheck application fee.
  5. No foreign transaction fee.


  1. $95 annual fee, waived for the first year.
  2. Capital One will pull all three major credit bureaus (Experian, TransUnion, Equifax) for one credit card application!
  3. Capital One business credit cards WILL be reported to your personal credit history (most other banks won’t report business credit cards to your personal credit report). Therefore, the balance on this card will affect your personal credit score, and this card will count towards Chase 5/24.

Recommended Application Time

  1. We recommend you apply for this card after you have a credit history of at least two years and you are very comfortable with the credit card game.
  2. [1/6 rule] You can only apply for 1 Capital One credit card for every 6 months, including both personal and business credit cards. You will get automatic denial if you violate this rule, but there will be no hard pull.


This card is very similar to Capital One Spark Cash for Business. The major difference is the Miles earned by this card can be either redeemed to statement credit or transferred to airline partners, while Spark Cash earns straightforward cashback. In my opinion, between these two cards, the Miles card is better because it gives you more choices in terms of redeeming. The sign-up bonus is really decent, worth applying.

Historical Offers Chart

Note: Sometimes there are 50k+150k offer on this card. But the spending requirements after the first 50k are huge, so we don’t treat them as sign-up bonus, we treat them as spending bonus instead.

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