Capital One is cementing its place as one of the crucial rewarding bank card issuers by making waves with a suggestion of fifty,000 bonus miles on the Capital One Spark Miles for Enterprise for brand spanking new cardholders. To earn these bonus miles, you will want to satisfy a spending threshold of $4,500 throughout the first three months of opening a Spark Miles for Enterprise account.
Primarily based on TPG’s November 2024 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 among the greatest lesser-known advantages of the Spark Miles for Enterprise.
Free worker playing cards and an account supervisor
One strategy to rapidly rack up your spend to proceed incomes rewards gone the welcome bonus is by including worker playing cards. Fortunately, Capital One enables you to add worker playing cards to the Spark Miles for Enterprise totally free, providing you with extra flexibility over the way you handle your money circulate and extra alternatives to earn rewards.
You can too 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 charge of two miles per greenback on all eligible purchases, the Spark Miles earns about 3.7% again based mostly on TPG’s November 2024 valuations, making it a compelling selection for on a regular basis, non-bonused spending for each you and your workers.
Cardholders also can earn 5 miles per greenback on all motels, automobile leases and trip leases booked by Capital One Journey.
It is potential to get the next return if you happen to redeem your miles for premium cabin journey by applications 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 welcome bonus alone makes it apparent that Capital One is advertising and marketing this card towards higher-spending companies, and the more cash you’ve flowing out and in of your accounts over the 12 months, the extra fastidiously you will have to preserve information to organize for tax season.
Each day E-newsletter
Reward your inbox with the TPG Each day e-newsletter
Be part of over 700,000 readers for breaking information, in-depth guides and unique offers from TPG’s specialists
Capital One desires to make this course of as simple as potential. Along with automated fraud alerts and nil legal responsibility in case your card is misplaced or stolen, you will get custom-made 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.
Prolonged guarantee and buy safety
In the event you’re utilizing the Spark Miles as the principle bank card for your small business, it is possible that you will be making some fairly vital purchases with it.
You possibly can relaxation assured understanding that Capital One will mechanically prolong 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, chances are you’ll be eligible to have it changed, repaired or reimbursed.
Backside line
For a card with an affordable $95 annual price — whose introductory annual price is $0 for the primary 12 months — the Spark Miles for Enterprise could also be a fantastic match for budget-minded enterprises.
What it does have, along with its 50,000-mile welcome bonus, is a small however worthwhile record of advantages that may make it easier to handle your small business funds extra effectively and defend you from loss resulting from 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.
To study extra, take a look at our full evaluate of the Capital One Spark Miles for Enterprise.
Be taught Extra: Capital One Spark Miles for Enterprise
Associated: Do I would like a enterprise to get a enterprise bank card?
For Capital One merchandise listed on this web page, among the advantages could also be supplied by Visa® or Mastercard® and will range by product. See the respective Information to Advantages for particulars, as phrases and exclusions apply.
