Capital One Spark Miles Card: 8 Reasons To Apply

In the interest of full disclosure, OMAAT earns a referral bonus for anyone that’s approved through some of the below links. These are the best publicly available offers (terms apply) that we have found for each product or service. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, hotel chain, or product manufacturer/service provider, and have not been reviewed, approved or otherwise endorsed by any of these entities. Please check out our advertiser policy for further details about our partners, and thanks for your support!

Now is the time to apply for the capital one spark miles for business card.

One of my favorite business credit cards is the capital one spark miles for business If you want a card that gives you a great bonus, reasonable annual fee, and a good return on everyday spending, this is the card for you.

There are eight reasons to pick up the card. No specific order...

Bonus of 50K Capital One Spark miles

Within the first three months, Capital One will give you a bonus of 50,000 Spark miles. The bonus is worth $850 and I value Capital One miles at 1.7 cents each. The flexibility provided by Capital One miles is something I will discuss in more detail below.

Annual fee waived for first 12 months

For the first year, the Capital One Spark Miles fee is free. It's a good idea to try the card before you pay the annual fee.

The American Express® Business Gold Card is one of the most lucrative business cards on the market, with an annual fee that is higher than many other cards.

2x Capital One Spark miles on all purchases

One of the best cards for everyday spending is the Capital One Spark Miles. I value Capital One miles at 1.7 cents each, which is the equivalent of a 4% return on everyday spending, which is difficult to beat.

Capital One Spark miles are valuable & flexible

Capital One miles can be used many different ways. You can use thePurchaseEraser feature to redeem them after the fact for one cent per travel purchase. My preferred use of these miles is not that one.

Capital One allows you to transfer miles at a 2:1 ratio to over a dozen partners. This allows you to get a lot more value when you redeem for first class travel.

No foreign transaction fees

It's a great card for purchases abroad because of the no foreign transaction fees. It is nice to get an industry-leading return on spending, but also to be able to get that same rate internationally.

Foreign transaction fees are a significant competitive advantage for most non-capital One cards.

Airport lounge access twice per year

You can get lounge access at any of the Capital One lounges just by presenting your card.

You can either use your lounge visits for two separate visits for you or one visit with a guest. Other cards with more comprehensive lounge access perks often have steep annual fees. This is a great perk for this card.

Primary rental car coverage

Many people use credit cards to get rental car coverage. When renting for business, Capital One offers collision damage waivers.

You will be covered for damage due to collision or theft if you decline the rental company's collision damage waivers. You should consult the cardmember agreement for more information.

Global Entry or TSA PreCheck credit

Every four years, Capital One offers a Global Entry credit. Global Entry can save you a lot of time at immigration, while the TSA Pre Check can save you a lot of time at security. I think they are one of the two innovations that have improved the airport experience the most.

Bottom line

There is a big welcome bonus, no foreign transaction fees, and an annual fee that is free for the first year of use.

It's hard to beat this card if you're looking for a business card with travel rewards. I would recommend applying if you don't already have the capital one spark miles.