The Spark line of enterprise bank cards from Capital One is constructed for small-business house owners craving rewards for everyday, non-bonus spending. And the 2 playing cards within the household with annual charges — the Capital One Spark Cash Plus and the Capital One Spark Miles for Business — are each stable choices.
For those who’re debating which one to use for, ask your self these two questions:
- Would I relatively have money to place again into my enterprise or save up for a future journey redemption?
- How a lot effort am I prepared to place into studying about loyalty applications and award redemptions?
The solutions to those questions will assist decide which Spark card is greatest for you. However regardless, each of those playing cards are on TPG’s present record of best business credit cards and have loads in widespread.
Let’s take a better look.
Spark Money Plus vs. Spark Miles for Enterprise comparability
| Capital One Spark Money Plus | Capital One Spark Miles for Enterprise | |
|---|---|---|
| Annual charge | $150 (see rates and fees) | $95 (waived for the primary yr; see rates and fees) |
| Incomes charges | 2% money again on all purchases, plus 5% money again on accommodations and rental vehicles booked via Capital One Journey | 2 miles per greenback on all purchases, plus 5 miles per greenback on accommodations and rental vehicles booked via Capital One Journey |
| Signal-up bonus | Earn $1,200 when you spend $30,000 within the first three months after account opening | Earn 50,000 miles (price $925 based mostly on TPG’s valuations; not offered by the issuer) after you spend $4,500 within the first three months after account opening |
| Worker playing cards | Free (see rates and fees) | Free (see rates and fees) |
Spark Money Plus vs. Spark Miles for Enterprise welcome provides
The Spark Cash Plus presently comes with a bonus of $1,200 when you spend $30,000 within the first three months of card membership.
That is a pleasant return, although enterprise house owners with smaller budgets might discover the spending requirement unachievable.
The Spark Miles earns 50,000 miles after you meet the $4,500 spending requirement within the first three months. You need to use these miles to guide journey instantly via Capital One, cowl a earlier journey buy made inside the final 90 days at a value of one cent per mile or switch them on to one in every of Capital One’s 15-plus travel partners.
TPG values Capital One miles (an estimate calculated by TPG and never the cardboard issuer) at 1.85 cents apiece, which makes the welcome bonus on the Spark Miles card price $925.
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The icing on the cake is that with each of those playing cards, you will additionally earn rewards whereas spending your approach to the welcome bonus because you’re getting not less than 2% money again (on the Spark Money Plus) or 2 miles per greenback (on the Spark Miles) for all of your purchases.
Winner: Spark Miles for Enterprise. Its spending requirement can be far more achievable for many small companies.
Associated: Best ways to redeem Capital One miles
Spark Money Plus vs. Spark Miles for Enterprise advantages
Neither of those playing cards prices international transaction charges (see rates and fees for Spark Miles and rates and fees for Spark Money Plus), which is helpful for those who journey internationally.
With each playing cards, you may obtain itemized year-end abstract reviews that can assist you plan your funds.
Moreover, the Spark Miles offers you up-to-$100 credit score each 4 years for Global Entry or TSA PreCheck.
Winner: Spark Miles for Enterprise. It will get the sting right here with its World Entry credit score.
Incomes rewards on the Spark Money Plus vs. Spark Miles for Enterprise
With the Spark Cash Plus, you will earn 2% money again on all purchases plus 5% money again on accommodations and rental vehicles booked via Capital One Journey. That is a fairly customary return, so you should use this card to maximize non-bonus spending and be ok with it.
It’s also possible to get the cardboard’s $150 annual charge refunded yearly you spend not less than $150,000 on the cardboard (see rates and fees).
Notice additionally that the Spark Money Plus is technically a charge card rather than a credit card, which means you could pay your steadiness in full every month.
However, the Spark Miles earns 2 miles per greenback on on a regular basis enterprise purchases, plus 5 miles per greenback on accommodations and rental vehicles booked via Capital One Journey. Since we worth Capital One miles at 1.85 cents apiece, the Spark Miles successfully provides a 3.7% return on all spending and a 9.3% return on Capital One Journey purchases.
Winner: Spark Miles for Enterprise. Its larger return price wins out.
Associated: Best business credit cards for each category
Redeeming rewards on the Spark Money Plus vs. Spark Miles for Enterprise
The largest distinction between the 2 playing cards is the redemption choices you will get.
With the Spark Cash Plus, you will earn cash-back rewards, which you’ll redeem as a press release credit score or examine.
With the Spark Miles, you may redeem your miles at a fixed value of 1 cent apiece by reserving journey instantly via Capital One Journey or overlaying a earlier journey buy made inside the final 90 days.
As with money again, this redemption methodology may be very easy — a plus, for those who’re like TPG author Ryan Wilcox and like easy redemption choices. Nonetheless, for those who get pleasure from discovering and reserving high-value premium cabin awards, you may get much more worth out of your miles by transferring them to Capital One’s airline or resort companions.
Winner: Spark Miles for Enterprise. It has extra redemption choices and a protracted record of switch companions.
Associated: How (and why) you should earn transferable points
Ought to I get the Spark Money Plus or Spark Miles for Enterprise?
The Spark Cash Plus and Spark Miles playing cards may each be nice choices on your small enterprise. For those who lean towards journey spending and are prepared to spend time determining find out how to redeem miles for optimum worth, your reply is the Spark Miles since it is a transferable points-earning credit card. If not, you will need to go together with the Spark Money Plus.
Backside line
The Spark Cash Plus is a cash-back credit card that is stable for on a regular basis enterprise bills however will not get you outsized worth in relation to journey. That is the place the Spark Miles for Business is available in.
Both of those playing cards may make sense for your enterprise wants. It simply comes right down to the way you need to accumulate and redeem your rewards.
To study extra, learn our full evaluation of the Spark Cash Plus and Spark Miles for Business.
Be taught extra: Capital One Spark Miles for Business
Be taught extra: Capital One Spark Cash Plus
For Capital One merchandise listed on this web page, a few of the above advantages are offered by Visa® or Mastercard® and will fluctuate by product. See the respective Information to Advantages for particulars, as phrases and exclusions apply.
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