Capital One is cementing its place as some of the rewarding bank card issuers by making waves with a proposal of fifty,000 bonus miles on the Capital One Spark Miles for Business. To earn these bonus miles, you may want to fulfill a spend threshold of $4,500 inside the first three months of opening a Spark Miles for Enterprise account.
Based mostly on TPG’s valuation of Capital One miles at 1.85 cents every, that is a full bonus value $925.
The stable welcome bonus is simply the beginning; let’s check out a number of the finest lesser-known advantages of the Spark Miles for Enterprise.
Free worker playing cards and an account supervisor
One method to shortly rack up your spend to proceed incomes rewards long gone the sign-up bonus is by including worker playing cards. Fortunately, Capital One enables you to add worker playing cards to the Spark Miles for Enterprise at no cost, supplying you with extra flexibility over the way you handle your money circulate and extra alternatives to earn rewards (see rates and fees).
You may as well assign a specific worker because the account supervisor, permitting them to have management over making purchases and funds, reviewing transactions and resolving any points.
With a constant incomes fee of two miles per greenback on all purchases, the Spark Miles earns about 3.7% again, making it a compelling selection for everyday, non-bonus spending for each you and your workers.
It is potential to get the next return should you redeem your miles for premium cabin journey by means of packages like Avianca LifeMiles or Etihad Visitor, however 1.85 cents per mile is a useful baseline to consider.
Sync your transaction historical past to Quickbooks and Excel
The sign-up bonus alone makes it apparent that Capital One is advertising this card towards higher-spending companies, and the extra money you have got flowing out and in of your accounts over the 12 months, the extra fastidiously you may must hold data to organize for tax season.
Capital One desires to make this course of as straightforward as potential. Along with automated fraud alerts and nil legal responsibility in case your card is misplaced or stolen, you will get personalized itemized spending stories every quarter and simply obtain and export your transaction historical past to a number of platforms, together with Quicken, Quickbooks and Excel.
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Prolonged guarantee and buy safety
In the event you’re utilizing the Spark Miles as the primary bank card for your online business, it is seemingly that you’re going to be making some fairly necessary purchases with it.
You may relaxation assured realizing that Capital One will robotically lengthen the unique producer’s guarantee on eligible purchases made with this card.
Additionally, if an merchandise you buy is stolen or broken inside 90 days after buy, you might be eligible to have it changed, repaired or reimbursed.
Backside line
For a card with an affordable $95 annual price — whose intro annual price is $0 for the primary 12 months (see rates and fees) — the Spark Miles for Enterprise could also be a terrific match for budget-minded enterprises.
What it does have, along with its 50,000-mile sign-up bonus, is a small however worthwhile record of advantages that may assist you handle your online business funds extra effectively and shield you from loss attributable to theft or injury. Whilst you clearly hope to by no means have to make use of these insurance coverage advantages, even a single use would greater than offset the annual price.
Learn our full evaluate of the Spark Miles for Enterprise here.
For Capital One merchandise listed on this web page, a number of the above advantages are offered by Visa® or Mastercard® and will differ by product. See the respective Information to Advantages for particulars, as phrases and exclusions apply.
Be taught Extra: Capital One Spark Miles for Business
For charges and costs of the Spark Miles for Enterprise, click on here.
