The Capital One Spark Miles Select for Business credit credit card offers small business owners a generous and flexible travel rewards program. Spending limits can be set for each employee and the expenses can be easily viewed on an itemized statement. At year-end, you get a free report that breaks down your expenses by category.
From a rewards perspective, Spark Miles Select members earn 1 mile for every $1 spent. Each year on the date of your membership anniversary, you'll earn a bonus that equals 50 percent of the rewards you earned in the prior year. For instance, if you've earned 10,000 miles, you'll get a bonus of 5,000 miles. Fortunately, there are no limits to the amount of miles you can earn and the miles don't expire. Not a frequent traveler? Not a problem, miles can also be redeemed for cash, gift cards to stores and restaurants, merchandise, and more.
If you're a small business owner interested in a company credit card specifically for travel, both the Capital One Spark Miles credit card and the Capital One Spark Miles Select card are great options. The biggest difference will be the annual fee - if you don't plan on spending enough money to justify the $59 annual fee of the Capital One Spark Miles card, go with the Spark Miles Select. If you plan on spending enough (generally, at least $5900 per year), go with the Spark Miles.