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Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. SHARE: Maskot/Getty Images April 04, 2022 Checkmark Bankrate logo How is this page expert verified? At Bankrate, we take the accuracy of our content seriously. "Expert verified" means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity. The Review Board comprises a panel of financial experts whose objective is to ensure that our content is always objective and balanced. Their reviews hold us accountable for publishing high-quality and trustworthy content. Laura Gariepy is the owner of , a written content creation company that helps brands stay top of mind with their target market. She specializes in writing about personal finance, entrepreneurship and careers. Liz Bingler is an Associate Editor for CreditCards.com and Bankrate, where she focuses on product news and reviews. As an editor, her goal is to produce content that will help people to make informed financial decisions. Cathleen's stories on design, travel and business have appeared in dozens of publications including the Washington Post, Town & Country, Wall Street Journal, Marie Claire, Fodor’s Travel, Departures and The Writer. Bankrate logo The Bankrate promise
At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation for how we make money. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. Terms apply to the offers listed on this page. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Bankrate logo The Bankrate promise
At Bankrate, we have a mission to demystify the credit cards industry — regardless or where you are in your journey — and make it one you can navigate with confidence. Our team is full of a diverse range of experts from credit card pros to data analysts and, most importantly, people who shop for credit cards just like you. With this combination of expertise and perspectives, we keep close tabs on the credit card industry year-round to: Meet you wherever you are in your credit card journey to guide your information search and help you understand your options. Consistently provide up-to-date, reliable market information so you're well-equipped to make confident decisions. Reduce industry jargon so you get the clearest form of information possible, so you can make the right decision for you. At Bankrate, we focus on the points consumers care about most: rewards, welcome offers and bonuses, APR, and overall customer experience. Any issuers discussed on our site are vetted based on the value they provide to consumers at each of these levels. At each step of the way, we fact-check ourselves to prioritize accuracy so we can continue to be here for your every next. Bankrate logo Editorial integrity
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You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict , so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. If you’re looking for a business credit card that offers decent rewards, you should consider the and the cards. While either option could be a welcome addition to your company’s financial arsenal, one card may align better with your business’ current situation and goals. The Capital One Spark Cash Plus card could earn a significant amount of cash back, for example, while the Capital One Spark Miles for Business card can help you rack up miles for travel. To learn which business credit card may work best for you, keep reading for our detailed comparison. Main details
Card Capital One Spark Cash Plus Capital One Spark Miles for Business Welcome bonus Up to $1,000 cash back: $500 if you spend $5,000 within 3 months of account opening, and $500 more if you spend $50,000 within 6 months of account opening 50,000 miles when you spend $4,500 within 3 months of account opening Rewards rate 2 percent cash back on all purchases 2X miles on all purchases Intro APR N/A N/A Annual fee $150 $95 ($0 for the first year) Capital One Spark Cash Plus vs Capital One Spark Miles for Business highlights
Welcome bonus winner Tie
The Capital One Spark Cash Plus card offers one of the most generous introductory bonuses on the market of up to $1,000. However, even though the Capital One Spark Miles for Business card’s bonus is smaller at 50,000 miles (worth $500), it’s more attainable, especially for small business owners who don’t spend a lot. You’d have to spend $50,000 within six months of opening your Capital One Spark Cash Plus account to get the full welcome bonus, for example. But, with the Capital One Spark Miles for Business card, spending just $4,500 within three months of account opening will get you the welcome bonus. Plus, according to Bankrate’s , if you book travel through a , your Capital One Spark Miles for Business miles have a value of 2 cents each, meaning your welcome bonus could be worth up to $1,000. So, if rewards are redeemed this way, the Capital One Spark Miles for Business welcome bonus could be nearly as rewarding as the Capital One Spark Cash Plus. Rewards rate winner Tie
Both the Capital One Spark Cash Plus card and the Capital One Spark Miles for Business card offer the same rewards rate. You’ll earn 2 percent cash back or 2X miles for every dollar you spend. Plus, there’s no cap on how much you can earn with either option, and your rewards will never expire. Annual fee winner Capital One Spark Miles for Business
The Capital One Spark Miles for Business card is the clear winner in this category because you don’t have to pay an annual fee during your first year as an account holder. You’ll pay $95 to maintain your account after the first year, which is still lower than the . On the other hand, with the Capital One Spark Cash Plus card, you’ll break even each year if you make at least $7,500 worth of purchases (which earns $150 in rewards). With the Capital One Spark Miles for Business card, you’ll have to spend about $4,800 per year ($96 in rewards) to cover the annual fee. Foreign transaction fees winner Tie
If you plan to use your card internationally, you’re in luck. Neither card charges on purchases made abroad. Intro APR winner Tie
Neither card includes an introductory APR offer for purchases or balance transfers for new cardholders. The Capital One Spark Miles for Business card has a regular variable APR of 23.99 percent, and the Capital One Spark Cash Plus doesn’t have an APR because it’s a charge card that must be paid in full each month. The upside is that you won’t have a preset spending limit with the latter card, but the downside is that you can’t use this account to finance large purchases over time. Which card earns the most
To determine which card will earn the most rewards, let’s take a look at a spending example. Capital One Spark Cash Plus vs Capital One Spark Miles for Business spending example
Let’s say you use your Capital One Spark Cash Plus card to pay for a $3,000 business trip. At 2 percent cash back on all purchases, you’ll earn $60 in cash back. Alternatively, the Capital One Spark Miles for Business card, which earns 2X miles for every dollar spent, would earn 6,000 miles. Since both types of rewards are worth 1 cent each, you’ll get $60 in rewards for either purchase. However, the Capital One Spark Miles for Business card lets you transfer your miles to Capital One partners to increase their value, meaning your miles could be worth 1.85 cents apiece. So, your 6,000 miles could be worth up to $111 in rewards. Therefore, if you plan to book travel through one of Capital One’s partners, the Capital One Spark Miles for Business card can earn more than the Capital One Spark Cash Plus card. Otherwise, purchases on either card will earn you the same amount of rewards. Why should you get the Capital One Spark Cash Plus
Additional benefits
The Capital One Spark Cash Plus offers an annual cash bonus of $200 if you spend at least $200,000 per year using your card. You’ll also receive free cards for your employees and access to account management tools. Otherwise, the card offers standard benefits like: Travel benefits, such as complimentary concierge service, lost luggage replacement, roadside assistance and 24/7 emergency assistance Purchase protection for up to 90 days in the event of loss, theft, fire or damage (on eligible purchases) Extended warranty coverage Virtual credit card numbers for secure shopping online Redemption options
While you can’t get your Capital One Spark Cash Plus rewards directly deposited into your bank account, you can redeem them for checks, gift cards, statement credits, credits for prior purchases or Amazon and PayPal purchases. You can also redeem your rewards automatically on a certain date every year or when you reach an earnings threshold of $25, $50, $200, $500 or $1,500. Recommended credit score
You’ll need good to excellent credit to qualify for the Capital One Spark Cash Plus card. That means your credit score should be at least 670. Why should you get the Capital One Spark Miles for Business
Additional benefits
With the Capital One Spark Miles for Business card, you’ll get standard benefits like free employee cards, purchase protection, extended warranty coverage (on eligible purchases), card lock control, $0 fraud liability, rental car collision coverage (on eligible vehicles) and account management tools, among others. Plus, you’ll also get more notable benefits like: Up to a $100 credit Access to (two free visits per year) Virtual credit card numbers Credit monitoring from CreditWise Redemption options
The best way to redeem your Capital One Spark Miles for Business rewards is for travel, which can be applied to new bookings or costs incurred within the previous 90 days. When it’s time to cash in your , you’ll never have to deal with blackout dates, seat restrictions, or minimum redemption requirements. Recommended credit score
For the Capital One Spark Miles for Business card, you’ll need good to excellent credit. So, be sure your credit score is over 670 before submitting your application. The bottom line
The Capital One Spark Cash Plus card could make sense for you if you have higher business expenses, can afford to pay your bill in full each month and want to earn cash back. But, if you want the option to carry a balance or if you want to redeem rewards for travel, the Capital One Spark Miles for Business card would be a better fit. However, it’s worth noting that other offer a higher cash back rate (for example, 3 to 5 percent) if you spend in specific business-related categories. So, it’s important to explore all of your options, including other , before choosing a card. SHARE: Laura Gariepy is the owner of , a written content creation company that helps brands stay top of mind with their target market. She specializes in writing about personal finance, entrepreneurship and careers. Liz Bingler is an Associate Editor for CreditCards.com and Bankrate, where she focuses on product news and reviews. As an editor, her goal is to produce content that will help people to make informed financial decisions. Cathleen's stories on design, travel and business have appeared in dozens of publications including the Washington Post, Town & Country, Wall Street Journal, Marie Claire, Fodor’s Travel, Departures and The Writer. Related Articles