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The Points Guy believes that credit cards can transform lives, helping you leverage everyday spending for cash back or travel experiences that might otherwise be out of reach. That's why we publish a variety of editorial content and card comparisons: to help you find a great card to turn your goals into reality.
Our site may earn compensation when a customer clicks on a link, when an application is approved, or when an account is opened with our partners, and this may impact how or where these products appear. While we don't cover all available credit cards, our editorial team creates and maintains all of the analysis of these cards, and our content is not influenced nor subject to review by any credit card company, bank or partner prior to (or after) publication. Please view our advertising policy and product review methodology for more information.
Reviews
Capital One Spark Miles Select review: Earn transferable miles with no annual fee
Stella is a full-time writer with expertise in credit cards, points and miles, and all things travel. She is a journalism graduate of the University of North Carolina, Chapel Hill and previously worked as a copywriter at JetBlue Airways and as a credit cards writer at LendingTree.
When Ryan worked as a TPG credit cards writer, he oversaw refreshes of card reviews and card offer stories. He enjoyed racking up cash back and helping readers maximize their points and miles for their next big trip.
also contributed to this story
March 17, 2025 • 7 min read
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The cards we feature here are from partners who compensate us when you are approved through our site, and this may impact how or where these products appear. We don't cover all available credit cards, but our analysis, reviews, and opinions are entirely from our editorial team. Terms apply to the offers listed on this page. Please view our advertising policy and product review methodology for more information.
Editorial note: This is a recurring post, regularly updated with new information and offers.
Quick summary
A discontinued business card offered simple travel rewards with no annual fee, making it appealing for budget-conscious small-business owners.
Miles earned could be transferred to over 15 airline and hotel partners, providing flexibility and potentially higher redemption value.
The card featured no foreign transaction fees and basic travel and purchase protections, but lacked extensive business-related perks.
It was best suited for businesses with diverse spending needs outside traditional bonus categories.
What to consider
This product is no longer available to new applicants, so you cannot apply or earn a welcome bonus.
Miles could be redeemed as a statement credit for travel purchases at a fixed value, or transferred for potentially greater value—worth up to 1.85 cents each as of March 2025 per TPG's valuations.
The card did not offer additional business credits or premium travel benefits beyond its core features.
What you'll miss from the article
A detailed comparison of similar business cards and guidance on maximizing transferable miles for travel.
Generated by AI with support from our editorial team.
Editorial disclaimer: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.
Capital One Spark Miles Select for Business overview
The Capital One Spark Miles Select for Business (no longer available) is a no-annual-fee business credit card that earns at least 1.5 miles per dollar on every purchase. If your business is searching for a card that earns simple rewards for travel, this may be the right card for you. Card Rating*: ⭐⭐⭐
*Card rating is based on the opinion of TPG’s editors and is not influenced by the card issuer.
The Capital One Spark Miles Select for Business card is a solid option for small-business owners who want a card with no annual fee. This is not only a great card for the budget-conscious, but it’s simple to use because it earns at least 1.5 miles per dollar everywhere. TPG recommends acredit score of 670.
Capital One miles are worth at least 1 cent each when you redeem them as a statement credit to cover a travel purchase, but can be worth 1.85 cents (according to TPG's March 2025 valuations) if you transfer them to one of Capital One's 15-plus transfer partners.
Here's what to know about this card.
The information for the Capital One Spark Miles Select card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Spark Miles Select pros and cons
Pros
Cons
No annual fee
Miles can transfer to airline and hotel partners
No foreign transaction fees
No business-related statement credits
No additional travel perks
Spark Miles Select welcome offer
The Capital One Spark Miles Select for Business isn't currently available to new applicants. So, you can't apply for this card and earn a welcome bonus.
The Spark Miles Select is light on benefits compared to other travel rewards cards, but it does come with some travel protections and purchase protections. If you want more perks than that, you'll have to look elsewhere, but there's still plenty of value here for a no-annual-fee card.
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This card also has no foreign transaction fees, which isn’t common for a no-annual-fee card. If your business spends a lot on international travel, this is an essential perk.
The Spark Miles Select card earns 5 miles per dollar on hotels and rental cars booked through Capital One Business Travel, plus an unlimited 1.5 miles per dollar on every other eligible purchase.
Considering TPG’s March 2025 valuation of 1.85 cents per mile, you get at least a 2.8% return on your purchases.
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Since many business cards only earn bonus rewards in common business categories like advertising, shipping and office supplies, this card is great for earning transferable miles for business expenses outside these categories.
However, if a large chunk of your business spending does fall into one of those categories, you’ll want to look into one of the other best business credit cards.
The easiest way to redeem Capital One miles is to redeem them as a statement credit for eligible travel purchases at a rate of 1 cent per mile.
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According to Capital One, eligible travel purchases include purchases from airlines, hotels, rail lines, car rental agencies, limousine services, bus lines, cruise lines, taxis, travel agents and timeshares.
These fixed-value redemption options are useful, but they almost always have a lower value than your transfer options.
With the Spark Miles Select, you also have the option to be like TPG credit card editor Emily Thompson and transfer your Capital One miles to 15-plus airline and hotel partners. This ability to earn and redeem transferable miles is incredibly valuable for a no-annual-fee travel card.
If you want to earn a different set of rewards or spend enough money to justify a card with an annual fee, a different card might be a better fit.
If you want to earn more miles on your purchases: The Capital One Spark Miles for Business (no longer available) earns at least 2 miles per dollar on all purchases, so you’ll get a higher return for your spending.
If you want to earn Membership Rewards points: has no annual fee (see rates and fees) and earns a flat 2 points per dollar on all purchases (up to $50,000 per calendar year, then 1 point per dollar). To learn more, check out our full review of the Amex Blue Business Plus card.
If you want to earn Chase Ultimate Rewards points: The (see rates and fees) has no annual fee and earns an unlimited 1.5% cash back on all purchases. You can transfer these rewards to any of Chase’s travel partners if you also have a card that earns transferable Chase Ultimate Rewards points. To learn more, check out our full review of the Ink Business Unlimited.
The information for the Spark Miles for Business has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
The Capital One Spark Miles Select for Business is a unique card that allows business owners to earn transferable rewards without paying an annual fee. That alone makes this card worthwhile for business owners who don’t have enough expenses to justify paying the annual fee on a card with a slightly better earning rate.
For rates and fees of the Blue Business Plus Card, click here.
For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.
