See more about our ethics policies here. For business owners who travel frequently, the, The card also comes with useful perks, including a. Earn a one-time bonus of 50,000 miles equal to $500 in travel once you spend $4,500 on purchases within the first 3 months from account opening, Earn unlimited 2X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won't expire for the life of the account, Unlimited 5X miles on hotels and rental cars booked through Capital One Travel, Transfer your miles to 15+ travel loyalty programs, Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services, Fly through security with one statement credit for either the $85 TSA PreCheck application fee or the $100 Global Entry application fee, $0 intro annual fee for the first year; $95 after that, Free employee cards which also earn unlimited 2X miles from their purchases, American Express Blue Business Cash Card, offers 2% cash back on eligible purchases on up to $50,000 in spending per year (1% back after that). Paul Soucy has led the Credit Cards content team at NerdWallet since 2015. Alternatively, some store-specific cards offer tiered rewards that change based on categories. With other programs, it can take a couple of billing cycles for rewards to post to your account. $720. Transfers to most partners are instant, though for some partners, it can take anywhere from a few hours to a few days. It's that simple. Simply add Capital One Shopping to your desktop browser and get started. How To Find The Cheapest Travel Insurance, Capital One Spark Miles Select for Business, cover the cost of purchases at Amazon.com. So how do we make money? If you expect you'll want cash back, consider a, Capital One credit cards mobile app review, Unlike some other travel rewards cards with a tiered points system, the. Our star ratings serve as a general gauge of how each card compares with others in its class, but star ratings are intended to be just one consideration when a consumer is choosing a credit card. Points are worth a penny each when redeemed for cash, and 25% more when redeemed for travel through Chase Ultimate Rewards. The introductory offer can potentially take a chunk out of your travel budget if you spend enough to earn it. Want to keep your balance low or offset expenses? Why? But if your account is closed, you will lose any rewards you have not redeemed. Here are the five credit cards that directly earn Capital One miles, along with the mileage earning rates, and the annual fees: Theres another interesting angle for earning Capital One miles. Whats the difference between Venture & Spark miles? It also gives 1 - 5% cash back on purchases. Select your Savor account. Senior Writer/Spokesperson | Personal finance, budgeting, family finances, Kimberly Palmer is a personal finance expert at NerdWallet. If youre looking to finance business purchases upfront, youll also want to turn to another card. Capital One Rewards are best used toward travel purchases: You can convert rewards to partner miles, make reservations through the Capital One travel center or use points to cover the cost of past travel purchases. My own paid ticket was $4,320. Many credit cards tack on a fee of 3% on every overseas purchase. Mileage transfers give you access to more airlines than you think, Why you shouldnt always transfer Capital One miles, Tips before converting Capital One miles into airline miles, the industry-leading return on everyday spending, Capital One VentureOne Rewards Credit Card, Capital One Spark Miles Select for Business, Capital One SavorOne Cash Rewards Credit Card, You can read about the process in this post, You can read about Capital One mileage transfer times in this post, Air France business class ticket from Paris to Miami, Emirates first-class ticket from Athens to Newark, Lufthansa first-class ticket from Chicago to Frankfurt, My Capital One SavorOne Card Approval Experience. Chris Licata is a Technical Lead @ Capital One. While the 2:1 and 2:1.5 rates seem like you are always losing value, some airline miles have a higher valuation, and you can occasionally get more per mile. Hot Tip: For our recommendations, check out our monthly guide to the best credit card welcome bonus offers. For example, in the United States we have ultra low cost carriers that have really lowered the cost of airfare in many markets. Book travel with your card elsewhere, then use your miles to get reimbursed via a statement credit against your travel purchase. The beauty of Capital Ones travel ecosystem is that cards offer an excellent return on everyday spending, and Capital One miles are also incredibly flexible. Rewards:1.5 miles per dollar spent on all purchases. However, we may receive compensation when you click on links to products from our partners. Even the Ink Business Premier Credit Card is a good option if you want flat-rate cash back (up to 2.5% back) and are willing to pay a $195 annual fee. There are no complicated category bonuses to keep straight and no caps on earning. If youre a cardmember who is used to that, the number of hoops you have to jump through to redeem airline miles might come as a surprise. If youve been a longtime Capital One customer, odds are that youre used to redeeming your miles for statement credits toward travel purchases. When you consider that some Capital One cards earn 2x miles on everyday purchases, to me these cards offer an incredible 3.4% return on everyday spending. Rewards Earning Details. Those miles are easy to redeem, too. Using your miles for travel purchases still offers the best consistent value. As a bonus, miles post when you earn them, rather than at the end of your statement period. He was editor of the USA Today Weekly International Edition for six years and received the highest award from ACES: The Society for Editing. This allows you to fully customize your trip and work around inventory restrictions that come with traditional awards. Earn a one-time bonus of 50,000 miles equal to $500 in travel once you spend $4,500 on purchases within the first 3 months from account opening. Often theres confusion about what the difference is between Venture miles and Spark miles. by Ben Luthi. Earn a one-time bonus of 50,000 miles equal to $500 in travel once you spend $4,500 on purchases within the first 3 months from account opening. Capital One Shopping Credits are subject to terms and conditions that are available at capitaloneshopping.com and are separate from any rewards you may be earning on a Capital One rewards credit card. Statement credits usually show up in two to three business days and will lower your card balance but do not count as a payment on your account so you may still need to make a minimum payment toward your bill. Occasional transfer bonuses improve these ratios. Capital One business credit cards are split into two categories: cash back and travel. However, that value is subject to change. Most other programs dont offer that simplicity. Capital Ones mileage currency has become incredibly competitive, and on top of that there are so many reasons to pick up the Capital One Venture X Rewards Credit Card, which will no doubt get many people into the Capital One ecosystem. Our experts have learned the ins and outs of credit card applications and policies so you dont have to. Learn More Capital One Venture X Rewards Credit Card 75,000 bonus miles For further information about automated content on CreditCards.com, email Lance Davis, VP of Content, at lance.davis@bankrate.com. You can read about the process in this post. Most helpful comments ( as chosen by the OMAAT community ). Cash-back redemption options include account credit, check by mail and redeeming for existing purchases on your statement. Rewards earned on select Capital One cash back cards can be converted into Capital One miles (at the rate of one cent per mile) in conjunction with one of the above cards. Despite the different branding, for all practical purposes these currencies are identical. You could also consider the American Express Blue Business Cash Card. You can also transfer miles to one of more than a dozen airline and hotel programs, but not always at a 1:1 ratio. By providing my email address, I agree to CreditCards.coms Whats the best use of Capital One miles? Its primarily powered by Vivid Seats so the format is similar to the ticketing agency. Capital One offers business travel cards with access to exclusive booking sites, airport lounges and more. The $0-annual-fee American Express Blue Business Cash Card offers 2% cash back on eligible purchases on up to $50,000 in spending per year (1% back after that). A great option for small-business operators who prize simplicity in a travel rewards program, or whose spending doesn't fit neatly into the bonus categories of other travel cards. Becky Pokora is an avid traveler with a particular love for the outdoors. Sign-up bonus:Earn a $500 bonus when you spend $4,500 in the first 3 months of account opening. Before you transfer rewards to a loyalty program, ensure youre getting at least 1 cent per point in value. Year-end itemized report of spending and easy to download purchase record. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel. Sign-up bonus:Earn a one-time bonus of 20,000 miles - equal to $200 in travel - once you spend $3,000 on purchases within the first 3 months from account opening. For example, it could make sense to pick up the following cards to earn Capital One miles: If you ask me, the Capital One Venture X and Capital One SavorOne are a pretty unbeatable card duo, as you can earn 3x Venture miles on dining, groceries stores, and more, while you can earn a minimum of 2x Venture miles on all purchases. Yes, the spend requirement is steep if you want to earn the total 200,000 . Capital One offers both personal cards and business cards that earn transferable rewards. One of your accounts - choose which account and the amount you'd like to transfer Someone else's Capital One account - please note, this option cannot currently be completed online. Two visits per year to Capital One Lounges or Plaza Premium Lounges, 40,000 miles after spending $1,000 on purchases within 3 months from account opening, equal to $400 in travel, 5 miles per dollar on hotels and rental cars booked through Capital One Travel and 1.25 miles per dollar on every other purchase, $0 intro for the first year; $95 after that, 50,000 bonus miles after spending $4,500 on purchases within the first 3 months of account opening, 2 miles per dollar on every purchase and 5 miles per dollar on hotels and rental cars booked through Capital One Travel. Products and services are offered by Capital One, N.A., Member FDIC. Eligible purchases from the last 90 days will show as redemption options in your online Capital One account. Some provide perks like access to exclusive events or premium travel lounges. When youre ready to pay, make sure you choose PayPal Checkout and select the Capital One rewards card youve linked as your payment method. It's important to understand any limitations on redemption, such as caps on the dollar amount you can redeem at once or when you can redeem them. 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening. This can make a huge difference in how many flights you can afford on rewards alone. Like many flexible currencies, Capital One miles provide the highest redemption values when redeeming rewards toward travel. At $150 per year, the card earns 2% back on all purchases and can be an especially good deal for high spenders. ADVERTISER DISCLOSURE CreditCards.com is an independent, advertising-supported comparison service. Other factors, such as our proprietary website's rules and the likelihood of applicants' credit approval also impact how and where products appear on the site. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Are Huge Pilot Pay Raises Sustainable For Airlines? Travelers who prefer not to use the Capital One Travel Center can also redeem miles by purchasing travel directly with airlines, hotels and other travel providers and paying with their eligible card. (More on that below.). Unlike the points or miles in programs tied to a specific airline or hotel chain, these rewards allow you to book how you want, with no blackout dates or exclusions. When evaluating offers, please review the financial institutions Terms and Conditions. CreditCards.com does not include the entire universe of available financial or credit offers.CCDC has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. Capital One Spark Miles for Business. From there, you can select the amount you'd like to redeem and how you'd like to do it. If you have Capital One miles and are looking to travel to Orlando for spring break on Frontier Airlines or Spirit Airlines, the statement credit feature might be the best option you can just buy your ticket as you usually would, and then have the cost reimbursed. Every day, we strive to bring you peace-of-mind as you work toward your financial goals. Redemptions can be made easily through your online Capital One account or through the mobile app. Editorial integrity is central to every article we publish. As you can see, even with a sizeable annual fee, the Spark Cash Plus card's generous rewards rate can help you come out on top - as long as you use the card for most of your business spending. bonus rewards, redemption . See the online credit card applications for details about the terms and conditions of an offer. This flexibility makes them valuable since you dont need to commit to a single type of reward in advance. Many people think that these kinds of flights are out of reach, but with airline miles they are more reasonable than you might expect! Earn a $500 bonus when you spend $4,500 in the first 3 months of account opening. Hopefully the above gives you a general sense of redemption options with Capital One miles. Capital One Spark Miles for Business, annual fee of$0 intro for the first year, then $95. Global Entry or TSA Precheck application fee credit. Amazon has offered discounts and other promotions in the past to incentivize shoppers to boost the value of your redemption. If you want to keep things simple or if you spend across many categories, the flat-rate reward may be best for you. Capital One rewards can be transferred to more than a dozen airline and hotel partners. Attempts to buy airline tickets, hotels, or car rentals are often either impossible or substantially overpriced compared to anywhere else. Ultimately this is a good option its an easy redemption with no learning curve, it gives you lots of flexibility, and given that many Capital One cards earn 2x miles per dollar spent, youre still earning a good return on your spending. While the ability to convert Venture and Spark miles into airline and hotel points is exciting, there are still going to be plenty of circumstances under which you get a better deal using the statement credit redemption method. Read how Antonellis Cheese Shop used their cash back rewards to pay for employee health insurance. Capital One Spark Miles Select for Business, Earn a one-time bonus of 20,000 miles - equal to $200 in travel - once you spend $3,000 on purchases within the first 3 months from account opening. It doesnt get easier than that. 2% cash back on all purchases; 5% cash back on hotels and rental cars booked through Capital One Travel. When you transfer your miles to a partner rewards program, youll either get 1 partner mile for every 1 Capital One mile, 1.5 partner miles for every 2 Capital One miles or 1 mile for every 2 Capital One miles. The offers that appear on this site are from companies from which CreditCards.com receives compensation. Earn an additional 150,000 Spark miles when you spend $50,000 in 6 months. I now wanted to get into a bit more detail to help people decide which Capital One mileage redemption option makes the most sense for them. When you use your miles on Amazon, youll only get about 0.8 cents per mile. The mileage bonuses and earned miles allowed me to purchase an RT business class seat for my wife on Singapore Airlines from SFO to SIN (This was before Singapore's recent mileage devaluation). You can use a combination of points and cash to pay for your tickets which is a plus but the rate of redemption is less than stellar at a 0.8 cents per point. Transfer rates vary by partner, with most at a 1-to-1 ratio, meaning 1 Capital One mile is equivalent to 1 point or mile with the travel loyalty program. Best of all, both cards have no foreign transaction fees. With Capital One Spark Cash Plus, you'll earn a flat rate of 2% cash back on every purchase. Opinions expressed here are the authors alone, and have not been reviewed, approved or otherwise endorsed by any of these entities. One downside to redeeming Capital One miles is that you lose some value if you redeem your miles for Amazon purchases, statement credit or a check. Your credit cards journey is officially underway. The greatest value to be had with converting Capital One miles into a partner currency is if you want to redeem your rewards for international first and business class airline tickets. We hope you found this helpful. These points have the same redemption values toward travel, and can be combined if you have both personal and business cards. Information provided on Forbes Advisor is for educational purposes only. Capital One Spark Cash Plus, annual fee of$150. Cash advances, balance transfers, and checks used to access your account are not considered purchases and will not earn rewards. Regardless of the reward type, there are other aspects to consider when creating a rewards and spending strategy. Copyright 2023 CreditCards.com a Red Ventures Company. This information does not represent any opinion, guidance or recommendation, whether formal or informal, of Capital One, National Association, or any of its officers, directors, employees, advisors, attorneys, consultants, affiliates or subsidiaries (collectively, Capital One). As is common for flat rate cash back cards, the Spark Cash Plus doesn't offer any luxury perks.Still, the card comes with a few valuable benefits, including no preset . And if it's cash back you're interested in, you'll want to look elsewhere. Lets discuss that in a bit more detail. Capital One VentureOne Rewards Credit Card, Capital One Venture X Rewards Credit Card, Capital One Spark Miles Select for Business, Sign up for Capital One rewards cards to earn intro bonuses, Keep an eye out for referral bonus offers, Use your Capital One rewards card for most of your purchases, Booking travel through the Capital One Travel Center, Transferring miles to a Capital One travel partner, Capital One Platinum Credit Card benefits guide, Credit score required for the Capital One SavorOne Cash Rewards card, See more Savings and available coupons vary. Well provide more information on specific point valuations below. He was an editor with USA Today, The Des Moines Register and the Meredith/Better Homes and Gardens family of magazines for more than 20 years. Nothing contained herein shall give rise to, or be construed to give rise to, any obligations or liability whatsoever on the part of Capital One. If you spend heavily in one category, like fuel, it may be worthwhile to find a card that offers higher rewards for those purchases. Unlike some other travel rewards cards with a tiered points system, the Capital One Spark Miles for Business card is much less complex. Terms apply. Or you can choose to redeem only some of your rewards. Whether you are looking for a business card or personal card, you can earn flexible Capital One miles on your everyday purchases. Please check out, Review: Virgin Atlantic Clubhouse London Heathrow (LHR). All of the cards offer a straightforward earning structure, where nearly every purchase earns rewards at the same rate (travel bookings made through Capital One travel earn at an enhanced rate). If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. 20,000 miles equal to $200 in travel, after spending $3,000 on purchases within the first 3 months from account opening, No foreign transaction fees, Free employee cards. Capital One miles transfer at a 1:1 ratio to Air France-KLM Flying Blue, and Ive redeemed 55,000 Flying Blue miles for a one-way Air France business class ticket from Paris to Miami. For business owners who travel frequently, the Capital One Spark Miles for Business is a simple but valuable choice. Can You Get a Credit Card Without a Social Security Number? Otherwise, you will be better off redeeming your Capital One rewards through the other methods detailed below. Rewards: 1.5% cash back on all purchases; 5% cash back on hotels and rental cars booked through Capital One Travel. Privacy Policy. Ben Luthi. 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