Are you a business owner who travels frequently for your business, and would like to earn travel rewards on your business spending? The Capital One Spark Miles for Business Credit Card, issued by Capital One, helps you earn miles faster on your spending by giving you 2 miles for every dollar spent on everyday purchases. The great thing about these miles is that they never expire, don’t have any maximum limit, and can be redeemed for travel, merchandise, gift cards or even cash!

Here is a detailed review of the Capital One Spark Miles for Business Credit Card, one of the more popular business credit cards in the US offering travel rewards, and we tell you how we rate this card.

Things We Like About This Card

No annual fee during the first year. During the first year of being a cardmember, you will enjoy all the benefits this card has to offer for free, without having to pay an annual fee. After the first 12 months, you’ll have to pay an annual fee of $59.

Receive 10,000 bonus miles your first 3 months. This is a very attractive offer for new sign-ups. To receive these 10,000 bonus miles, you have to spend at least $1,000 on purchases during the first 3 months of having this card.

Receive 5,000 bonus miles by signing up for an employee card. You will earn 5,000 bonus miles if you add an employee as an authorized user on your account and sign up for an employee card within the first 60 days. This is an excellent deal since Capital One employee cards come with no annual fee, and you’ll also be able to set spending limits on each of the employee credit cards and track their purchases on your monthly statement.

Receive 2 miles for every $1 spent on all purchases. For all purchases that are made with this card, you will receive 2 miles for every $1 you spend, which is a very good deal since most miles credit cards only offer 1 mile per $1, but here you get double miles.

Miles can be redeemed for cash, merchandise, gift cards or travel. Another advantage you have with this card is that you can use your Miles for more than just traveling; you can also redeem them for cash, gift cards and merchandise.

Two ways to redeem your Miles for travel: (1) Contact their Rewards Center toll free to book your travel, or (2) Buy your travel (flights, travel packages etc) anywhere you choose, from any website or any travel agency, with your Spark Miles for Business card. You’ll then have 90 days from the date your travel purchase posts to your account to call their Rewards Center or redeem your miles online to be reimbursed for the cost of the travel purchase.

No limit on the amount of miles you earn and miles never expire. You will not feel pressured to spend your miles by a certain date or to only be allowed to accumulate a certain amount since they will never expire and you can feel free to accumulate them for as long as you want.

No blackout dates or seat restrictions when booking air tickets on most major airlines. You will be able to get a seat (if any is available) in any class you desire and to any destination.

No foreign transaction fees. This can be very useful if you travel a lot since it will help you save a lot of money.

Free itemized report on your business spending. At the end of every year, so as to help you better organize your finances, spot any tax deductions and plan the next year’s budget, you will receive a free itemized report of all your spending that current year.

$0 Fraud Liability Protection. To make you feel more secure and protected, this Platinum credit card also includes a $0 Fraud Liability Protection, so if your card is ever lost or stolen, you will not be held responsible for any unauthorized charges from your card.

Purchase Security and Extended Protection. Purchase Security automatically protects most purchases you make with your business credit card within 90 days of purchase in the event of damage, loss, theft, or fire, up to a maximum of $10,000 per claim and $50,000 per cardholder. Extended Protection doubles the time period of the original manufacturer’s written U.S. warranty up to 1 year on warranties of three years or less.

No balance transfer fee and low cash advance fee of 3%. If you wish to do a balance transfer from another card account to this one, you don’t have to pay any balance transfer fees, although you still have to pay monthly interest on the amount. When withdrawing cash from an ATM, you pay a low cash advance fee of just 3% of the amount you withdraw, or $10 minimum.

Have your company’s logo on your card. With Capital One Image Card, you can easily upload your company’s logo or a photo of your business. This customized card design helps you promote your business every time you use your card.

Free auto rental collision damage waiver. When you rent a car with this business credit card, you’ll be covered with collision, damage, and loss insurance.

Travel and emergency assistance. When you’re traveling for business anywhere, you can feel more secure knowing you can rely on a number of Visa emergency services 24/7 such as ticket replacement, medical or legal referrals and more.

Various discounts. This credit card also offers various discounts to help you save money on things like dining and staying at certain business hotels.

Online Banking. You can access and manage your account whenever it’s convenient for you. With online banking, you can view account activity, pay bills, view and download up to 13 months of statements, and more.

Dedicated small business customer service. No more recorded messages or being put on hold. If you have any questions, call them toll-free at 1-800-867-0904, and their representatives, who are specially trained to deal with business owners, will help you.

Our Least Favorite Things About This Card

No introductory APR on purchases or balance transfers. You start out with an APR of 13.9% (which is reasonably low and therefore a good deal) for purchases and balance transfers. Most credit cards, on the other hand, usually come with an introductory APR on purchases or balance transfers for the first few months. To avoid paying any interest, always pay in full and make your payments on time.

After the first year, you will have to pay an annual fee. After the first year of having this card, you’ll have to pay an annual fee of $59.

Our Verdict: 4.5/5 Stars

The Capital One Spark Miles for Business is quite an attractive business credit card with lots of good deals and benefits to offer you and even your business. This card is especially ideal for someone who travels often, since it offers many travel-related benefits and lets you redeem your miles for any travel purchase.

One of this card’s most attractive features is that you get 2 miles for every $1 you spend on all purchases. Plus you get to receive 10,000 bonus miles if you spend at least $1,000 during your first 3 months as a cardholder, and even an additional 5,000 bonus miles more by signing up for an employee card within the first 60 days. These 15,000 bonus miles let you redeem $150 against any of your travel purchase (you can buy your travel tickets from any website or any travel agency and on any airline), or you can use them to redeem for other rewards such as merchandise or gift cards. Your miles never expire and there’s no cap on how many miles you can earn!

Despite an annual fee of $59, the Capital One Spark Miles for Business lets you accumulate miles much faster on your spending, compared to the no-fee Capital One Spark Miles Select for Business. As with all Capital One business cards, you get benefits such as a free year-end summary, free employee cards, free customized card design, purchase security and extended protection, $0 Fraud Liability, and many more. If you travel often for business, the Capital One Spark Miles for Business could just be the right card for you as it gives you double miles on all your spending.

Click here to go to Capital One’s official application to apply online for the Capital One Spark Miles for Business now.