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Wednesday, 15 January 2020

Capital One Spark Miles for Business Review - 250,000 Air Mile Points Bonus Boost by 40% Transferring to Partner Programs

Capital One Spark Miles for Business


The Capital One Spark Miles for business credit card is a thing of beauty. I've been reviewing travel reward card for years and this card at the moment is top dog. 

If flying to far flung exotic destination is your thing continue reading because you're going to be blown away by the generous air miles on offer here, it is literally out of this world.

The Capital One Spark Miles for business credit card has a limited time offer where you can earn 200,000 bonus air miles, yes, you read that correctly. 

Suppose you are approved for the capital one spark miles for business travel rewards credit card you will be able to go on holiday very quickly. This is particularly suited to those who have high business expenses because you will need to spend $50,000+ to get this bonus.

The generous air miles offer on the capital one spark miles for business won't last for long so you need to hurry. 

The highlights of this card don't stop there, you also have the opportunity to earn another 50,000 air mile bonus. 

I've analyzed this card in details and you got to check out the highlights below to get your travel juices flowing.



Highlight 1: This is an incredibly offer, and as I mentioned earlier, it is perfect for those who have a business or are starting a business and need to spend at least $50,000 or more.

For a limited time only, the capital one spark miles for business credit card is offering 200,000 bonus air miles worth up to $2000, you can boost the air miles using Airline Partner Programs to $2800! To earn this bonus you need to spend $50,000 in the first 6 months.

Highlight 2: The Capital One Spark Miles for business bonuses don't stop there. You can earn an additional 50,000 air mile bonus when you spend $5000 in the first 3 months of account opening. So in total you can earn 250,000 by spending a total on $50,000 which is very generous.

Highlight 3: The Capital One Spark Miles for business credit card allows you to earn 2X miles per dollar. The incredible thing is you can earn the air miles on every purchase you make everywhere. 

There are absolutely no limits or restrictions by category and the air miles will never expire as long as you have your credit account open. 2X is very generous so take advantage before Capital One consider lowering this to 1.5 as they will inevitably do.

Highlight 4: If 2X wasn't enough to make your mouth water how about 5X? The Capital One Spark Miles for business credit card offers 5X air miles on hotel and car rental, so if you or your employees travel all over the world you can really clean up and earn 5X without any upper limits.

Highlight 5: Undoubtedly, this is a fantastic offer but it doesn't end there. Like I mentioned earlier, Capital One allows you to transfer your air miles to 10 other travel loyalty programs like Emirates, Air Canada, and JetBlue, every time you transfer to these partners you can boost the points you have. 

Suppose you've managed to bag the full 250,000 points, when you boost this it will rise to 350,000, the process of transferring is quite involved but well worth the investment.

Highlight 5: The Capital One Spark Miles for business credit card allows you to redeem your air miles instantly for travel related expenses, this includes flights and hotel to ride sharing services such as Lyft and Uber. This is perfect for those who don't want to faff around and boost their points.


Capital One Spark Miles for business FICO Score


I think by now we've established this is a brilliant card and one that you need to apply for if you own or are looking to start a business.

Before you get all excited about the prospect of jetting off on the perfect holiday you should consider your credit report and FICO credit score.

To be considered for the Capital One Spark Miles for business credit card you will need a FICO score of 700+. I always say aim for 750 before you apply so you are certain of being approved. There's nothing more annoying than getting all excited about a card and then being declined, it feels like your being dumped.

Anyway, along with a FICO score of at least 720+ you should also take the time to go through your credit report thoroughly. Look out for any mistakes and fix them. If there is negative data on your credit report you need to dispute the items and get is removed ASAP. 

You should also try to keep your credit utilization under 30% and not make any credit inquiries for at least 6 months leading up to the application. Finally, having 3 years or more of credit history will help further your chances.

Meeting all the requirements I've mentioned above sounds daunting. If you're falling short don't beat yourself up. I had poor credit but eventually through patience and perseverance I was able to improve my FICO score to Excellent Credit. It is possible, just takes about 6 months to a year and you really got to put in the hard miles. 

Once you've improved your credit you will have incredibly fun finding and applying for the best credit cards which will take you to far flung exotic destinations.


Maximizing Capital One Spark Miles for business Credit Card


The fun part for all cashback and travel reward credit cards is getting the most out of the benefits. I think the majority of cardholders who have the Capital One Spark Miles for business credit card only use up and take advantage of 10% of the air miles on offer. 

Personally, I like to milk the rewards dry, if it's being offered I'm not going to say NO, if you know what I mean.

With all that said, how do you actually make the most of the Capital One Spark Miles for business credit card? Well there are strategies out there that will blow your mind away. I've listed some of the strategies I've found on Reddit and NerdWallet.com. These are relatively simple strategies which give you big wins. So without further ado...

Strategy 1: You have got to plan how you're going to spend $50,000 on your business. If you're starting out or expanding this is the credit card for you especially if you like to travel.

Always have a plan on how you will spend the money, this strategy isn't a license to spend money irresponsibly, the repercussions could be disastrous. With that said, make a list of the 'absolutely required expenditure' and then once your approved you can start to spend strategically.

Spend $5,000 in the first 3 months and collect 50,000 air miles. Then spend $50,000 within 6 months of account opening and collect another 200,000 air miles.

Total air miles collected 250,000 which is equivalent to $2,500 in travel money.

Strategy 2: Thinking of starting a family business with your partner, if so, the Capital One Spark Miles for business credit card is a marriage made in heaven. 

Refer your partner to the Capital One Spark Miles for business, if they're approved you can both spend a combined $100,000 on your business and collect 500,000 air miles in total.

You = 250,000 air miles
Partner = 250,000 air miles
Total = 500,000 air miles

Strategy 3: Well done! you've got half a million air miles under your belt, you are in an exclusive club, but how about boosting this ever further?

The Capital One Spark Miles for business credit card allows you to redeem your air miles for travel expenses by wiping out travel related expenses on your credit card balance. This is how most novice travel reward card users operate. 

Suppose you want more bang for your buck you need to know how to transfer your points to other travel loyalty programs to get an additional boost. At the time of writing this blog post, the boost was an incredible 1.4 which means your 500,000 air miles will be boosted to 700,000 which will give you $7,000 in travel rewards!

Strategy 4: The Capital One Spark Miles for business is perfect for those who have a medium sized business that hires employees and requires travel. 

You can make all the travel arrangements on the Capital One Spark Miles for business and earn 5X air miles on every $1 spent. You can make a fortune using this strategy and fly off to Uber cool locations every year.

Strategy 5: This goes without saying, once you have the Capital One Spark Miles for business you need to stop spending cash or using your debit accounts. 

Every expenditure must go through the Capital One Spark Miles for business credit card and paid off in full at the end of the month to avoid additional interest cost. 

Do not underestimate the effectiveness of this simple strategy, at the end of the year you will collect a shed load of air miles.

Using these simple but effective strategies using the Capital One Spark Miles for business can bag you a lot of air miles. Using our example above, you and your partner have the potential to collect at least 700,000 air miles by spending $100,000 on your business which by all intents and purposes is incredible!


Capital One Spark Miles for business Final Thoughts


So how do I sum up the brilliant Capital One Spark Miles for business? I think I've presented a compelling case.

I don't like blowing my own trumpet too much but this travel rewards credit card is perfect for family run businesses who are looking to expand and need to spend at least $100,000 within 6 months. If you have employees in your business and travel is required it's even better.

With the Capital One Spark Miles for business you will earn a lot of air miles and you will be able to take a dream holiday once you bag the bonus. The cherry on the cake is when you boost the points collected by 40% so you can go even further or spend more on that luxury hotel.

The bottom line is this is a fantastic card and should have a place reserved in your business wallet. QED.


Capital One Spark Miles for business FAQ


I must be doing something right, I keep getting questions about the Capital One Spark Miles for business credit card. 

To save myself from sounding like a broken record I thought I'd compile the top 10 frequently asked questions on the Capital One Spark Miles for business credit card.

If you do have a question that's not listed below we would love to hear from you. All the BEST and BRILL Travels.

What are Capital One Spark miles worth?

The Capital One Spark Miles for Business air miles are converted as follows, 100,000 air mile points are worth $1,000. What you have to do is knock 2 zeros off the air miles to get the dollar equivalent. For a base comparison 1 point is worth 1 cent.

Is the Capital One Spark card good?

The Capital One Spark Miles for Business is a good card for business start-ups or businesses that are expanding. There is a very lucrative 250,000 air mile points on offer when you spend $50,000 in the first 6 months. The $95 annual fee is waived in the first year. You get 2X on all spending and 5X on travel related spending. 

What airline can you use Capital One miles?

You can use your Capital One Air Miles with the following airlines.

1. Aeromexico
2. Air Canada (Aeroplan)
3. Air France & KLM (Flying Blue)
4. Alitalia
5. Avianca
6. Cathay Pacific
7. Emirates
8. Etihad
9. EVA Air
10. Finnair
11. Hainan Airlines
12. JetBlue
13. Qantas
14. Qatar Airways
15. Singapore Airlines

How do I redeem my Capital One Spark rewards?

Redeeming your Capital One Spark rewards is relatively simple, just login to your Capital One account and click on your rewards balance. After you'll have the option to “Redeem Travel Purchases,” also known as the Purchase Eraser. From there, you can choose which travel purchases you would like to use your miles to pay for.

How many miles do you need for a free flight Capital One?

For a free flight you will need 40,000 air mile points which is the start point. The more points you have on the Capital One Spark Miles for Business the more distance you can cover.

Can I transfer Capital One miles to United?

You cannot transfer your Capital One miles yo United Airlines, however, there are 15 other airlines you can transfer the points to as follows..

1. Aeromexico
2. Air Canada (Aeroplan)
3. Air France & KLM (Flying Blue)
4. Alitalia
5. Avianca
6. Cathay Pacific
7. Emirates
8. Etihad
9. EVA Air
10. Finnair
11. Hainan Airlines
12. JetBlue
13. Qantas
14. Qatar Airways

15. Singapore Airlines

Do Capital One Rewards expire?

The rewards on the Capital One Spark Miles for Business never expire as long as you keep your account open. Maintain your Capital One Credit Account well and there will be no reason for account closure therefore your rewards will never expire.

Can you use Capital One miles on Delta?

The Capital One Eraser service on the Capital One Spark Miles for Business will allow you to erase any expense for travel, this includes travel on Delta. Therefore you can use Capital One miles on Delta flights.


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