Capital One Spark Miles Select Review: Accumulate Transferable Miles Without an Annual Fee

Editor's note: This post is updated regularly with the latest information and offers.

Overview of Capital One Spark Miles Select for Business

The Capital One Spark Miles Select for Business is a business credit card with no annual fee, allowing you to earn 1.5 miles for every dollar spent. You can transfer your miles to over 15 airline and hotel partners or redeem them to offset travel expenses at a rate of 1 cent per mile. Card Rating*: ⭐⭐⭐

*Card rating reflects the views of TPG's editors and is not swayed by the card issuer.

The Capital One Spark Miles Select for Business card is an excellent choice for small-business owners seeking a no annual fee option. It's ideal for those watching their budget, offering a straightforward earning rate of an unlimited 1.5 miles per dollar on all purchases. It also suggests a minimum credit score of 670.

Capital One miles hold a value of at least 1 cent each when used as a statement credit for travel expenses, but they can reach up to 1.85 cents (based on TPG valuations) if transferred to the right partner.

Here’s what you should know about this card.

The details for the Capital One Spark Miles Select card have been gathered independently by Dinogo. The information on this page has not been reviewed or endorsed by the card issuer.

Welcome Offer for Spark Miles Select

The Spark Miles Select card offers a sign-up bonus of 50,000 miles after you spend $4,500 within the first three months of opening your account.

Dinogo

If you use your miles for travel purchases at a fixed rate (1 cent each), this bonus equates to $500. However, transferring Capital One miles to travel partners enhances TPG's valuation to 1.85 cents each, elevating the bonus value to $925.

Benefits of Spark Miles Select

The Spark Miles Select card offers fewer benefits compared to other travel rewards cards, but it still includes some travel protections and purchase safeguards. If you're seeking more perks, you'll need to explore other options, yet this card still provides significant value for a no-annual-fee option.

This card also features no foreign transaction fees, which is a rarity for no-annual-fee cards.

Earning Miles with Spark Miles Select

The Spark Miles Select card allows you to earn an unlimited 1.5 miles for every dollar spent. With TPG's valuation of 1.85 cents per mile, this translates to a 2.8% return on everyday purchases.

While many business cards primarily offer bonus rewards in standard categories like advertising, shipping, travel, and office supplies, this card is excellent for accumulating transferable miles on business expenses that fall outside these categories. However, if a significant portion of your business spending aligns with those common categories, consider exploring other top business credit cards.

How to Redeem Miles with Spark Miles Select

The simplest method to redeem Capital One miles is by using them as a statement credit for qualifying travel purchases at a rate of 1 cent per mile.

According to Capital One, eligible travel purchases encompass expenses from airlines, hotels, rail services, car rentals, limousine companies, bus services, cruise lines, taxis, travel agents, and timeshare rentals.

These fixed-value redemption options can be beneficial, but they generally offer a lower value compared to your transfer options.

Transferring Miles with Spark Miles Select

With the Spark Miles Select, you have the option to follow TPG editor Emily Thompson and transfer your Capital One miles to over 15 airline and hotel partners. This capability to earn and redeem transferable points is highly advantageous for a no-annual-fee travel card.

You can derive significant value from your miles by transferring them to programs such as Air France-KLM Flying Blue, Avianca LifeMiles, and British Airways Executive Club.

For additional tips on utilizing your miles, explore our guides on using Capital One miles to book awards with Star Alliance, Oneworld, and SkyTeam airlines.

Which cards are alternatives to the Spark Miles Select?

If you seek a different rewards structure or plan to spend enough to warrant a card with an annual fee, another card may suit you better.

• If you want to earn more miles on your purchases: The Capital One Spark Miles for Business provides 2 miles per dollar on all purchases, giving you a greater return on your spending. However, ensure you will earn enough to justify its $95 annual fee (waived for the first year; see rates and fees) before applying. For further information, refer to our full review of the Capital One Spark Miles for Business.
• If you prefer to earn Membership Rewards points: The Blue Business® Plus Credit Card from American Express has no annual fee (see rates and fees) and earns a flat two points per dollar on all purchases (up to $50,000 per calendar year, then 1 point per dollar). For additional details, see our full review of the Amex Blue Business Plus card.
• If you want to accumulate Chase Ultimate Rewards points: The Ink Business Unlimited® Credit Card carries no annual fee and earns an unlimited 1.5 points per dollar on all purchases. You can transfer these points to any of Chase's travel partners if you also possess a card that earns transferable Chase Ultimate Rewards. For more information, check out our full review of the Ink Business Unlimited.

For more alternatives, check out our lists of top business credit cards and top Capital One credit cards.

Is the Spark Miles Select a good choice?

The Spark Miles Select enables small-business owners to earn rewards at a reasonable rate without the concern of an annual fee. However, if your business spending justifies an annual fee, you might be better served by a card that offers greater earning potential.

Conclusion

The Capital One Spark Miles Select for Business is a standout card that allows business owners to earn transferable rewards without incurring an annual fee. This feature makes the card appealing for those who may not have enough expenses to warrant a card with a higher earning rate and an annual fee.

Before you add this card to your wallet, explore some of our other top business cards and select one that aligns with your spending patterns and objectives.

Additional reading:

• Top business credit cards
• Best no-annual-fee business credit cards
• Who is eligible for a business credit card?
• 9 reasons to consider a business credit card
• How to apply for a Capital One business credit card

For Capital One products mentioned on this page, some benefits are provided by Visa® or Mastercard® and may differ by product. Please refer to the corresponding Guide to Benefits for details, as terms and exclusions apply.