Update: Offers expired!
Originally posted on 11/13/18:
Capital One Miles are now transferable into airline miles and Capital One has new limited time offers available on their business cards.
- The Capital One® Spark® Miles for Business is offering 50,000 miles for spending $5,000 in 3 months and another 150,000 miles for spending another $45,000 within 6 months.
- The card earns 2 miles per dollar everywhere, so you’ll have 60,000 miles after spending $5,000 in 3 months or 300,000 miles for spending $50,000 in 6 months.
- These miles can be used for paid travel at a rate of 1 cent per mile or they can be transferred into airline miles at a 2:1.5 ratio.
- 60K Capital One miles can be used for $600 in free travel or transferred into 45K airline miles.
- 300K Capital One miles can be used for $3,000 in free travel or transferred into 225K airline miles.
- The Capital One® Spark® Cash for Business is offering $500 cash back for spending $5,000 in 3 months and another $1,500 cash back for spending another $45,000 within 6 months.
- The card earns 2% cash back everywhere, so you’ll have $600 cash back after spending $5,000 in 3 months or $3,000 cash back for spending $50,000 in 6 months.
- The effective cash back on $5,000 of spending is 12%
- The effective cash back on $50,000 of spending is 6%
- Both cards have a $95 annual fee, which is waived for the first year.
- Both cards have no foreign transaction fees.
- You can earn the bonus on these cards even if you have had them previously.
- Note that Capital One pulls and reports to all 3 of your credit reports and they report business cards on your personal credit report.
The Spark Cash card is a simple cashback card.
The Spark Miles card can be used towards paid travel or they can be transferred into airline miles. You can book paid travel via any booking method and then get a refund for that purchase by requesting to use your points at a value of 1 cent each.
You can transfer Capital One points to other cardholders.
You can now transfer points from Capital One into these 12 airline programs at a 2:1.5 ratio:
- Aeromexico (SkyTeam)
- Air Canada Aeroplan (Star Alliance)
- Air France/KLM Flying Blue (SkyTeam)
- Avianca LifeMiles (Star Alliance)
- Cathay Pacific Asia Miles (OneWorld)
- Etihad (No alliance)
- EVA (Star Alliance)
- Finnair (OneWorld)
- Hainan (No alliance)
- Qantas (OneWorld)
- Qatar (OneWorld)
You can also transfer points from Capital One into these 2 airline programs at a 2:1 ratio:
- Emirates (No alliance)
- Singapore (Star Alliance)
For example you could transfer:
- 225K Avianca Lifemiles is enough for 30 one-way intra-region coach award tickets or 15 first class award tickets on United. It’s also more than enough for the 194K you’ll need for a round-trip first class flight in First Class from the US to Tel Aviv on Lufthansa with access to their amazing first class terminal during your connection with a Porsche transfer to your plane.
- With 220K Aeroplan miles you can book 2 round-trip business class awards between North America and 3 European cities.
- With 180K Cathay Pacific Asia Miles miles you can book 2 round-trip business class awards between North America and Europe.
- With 156K Qantas points you can fly round-trip in El Al business class between NYC and Tel Aviv with no fuel surcharges.
The Capital One® Spark® Miles for Business is an excellent card for booking award travel on El Al via Qantas as it earns an effective 1.5 miles per dollar spent.
These are business cards, but you may already have a business that needs a card to keep track of expenses. For example if your name is Joe Smith and you sell items online, or if you have any other side business and want a credit card to better keep track of business expenditures you can open a business credit card for “Joe Smith” as the business name. You don’t need to file any messy government paperwork to be allowed to do that. Just be sure to select “Sole Proprietorship” as the business type and just use your social security number in the Tax Identification Number field.
It’s important to just write your own name as the business name if you are just applying for your own small business as a Sole Proprietorship that doesn’t have any business paperwork.
Will you apply for one of these limited time offers?
Can you fly United with capital one points
You can use Aeroplan or Avianca LifeMiles to fly United.
wow that’s generous
300k bc 200k for signup and 2x points w $50k spend is an additional 100k pts
This is for those that aren’t sure how you came to that number
The Spark card generally doesn’t give very high credit limits, so it’s quite hard to spend that much. I got much lower than i get for my Amex and Chase cards. Also Capital One reports credit utilization on Business cards to the credit bureau so unless you have a very high limit this will lower your credit score.
So spend and pay it off mid-cycle?
Do you know which days of the month capital one reports?
Something I end up doing quite often.
Have a limit of only $13K with them, while w/ Chase they gave me $40K on Ink Preferred & $30K on United.
Using Cap One points comes in quite handy for short haul personal trips (that your accountant won’t let you expense as business travel), short car rental or hotel stays. Sometimes by paying cash & then erasing from bill with points comes out less than airline’s/hotel’s own mileage/points requirements.
Not true. I got 100k limit at first try. So did other ppl I know
Just signed up, only got $30K, would’ve loved to have gotten $100K. Vendors payments take a few days to clear, so available balance is tied up until vendor payment clears, then payment has to clear. Anyone have a good solution?
can you transfer points from chase to avianca?? or from spg?? if you have chase or marriott or amex spg how can you transfer points to avianca?
Dan
can you book elal with aeromexico miles?
they have some sort of partnership.
Do you know when this offer is ending?
Nope.
in the site it says till jan 28
Yup, they just announced that.
I assume once you’ve reached the $50,000 spending threshold on either card you can retire it to your drawer as there are better earning cards out there, correct?
Not necessarily.
For example if you want Qantas points for El Al travel, this is an excellent way to get 1.5 per dollar spent.
Thanks Dan! Just got approved! $29,000k limit. Used my LLC
Congrats!
@Ahmad Ali, almost everyone seems to get insta-denied can we maybe get any DP’s on those who did get approved? big spend etc? freezed CBs?
will this count towards 5/24?
can you combine pulls?
This card is Great News! Not only because of the points that we’ll be earning but mainly because we see that all the other banks are taking on Chase full force and just a matter of time for chase to loose all their shine. I was personally shut down by Chase and I was private client and they wouldn’t even tell me a reason so happy to see Chase go down!
@Dan any info on Cap One declining people because of too many cards?
If i have the cash card is there any way to convert it to points?
Not that I know of.
Got the Spark cash with your link….30k credit limit. Merry Christmas!
Dan,
Any DP if C.O. allows transfer of Credit Line from Personnel to Business (Chase does not, Barclay Does, Amex Does on some)
what is the cashback redemption of their miles? doesn’t seem to state it on their site
Thanks Dan! Just got approved! although with a very small CL…
Have the card for a while with big credit line. amazing customer service .
Points usable for all travel related stuff.
Been flying business to israel and going to orlando for pesach all on capital 1.
just got approved x 2! 20K limit for me and my wife will be flying to TLV BIZ free of charge early 2019
thanks Dan
Did 2BM and was approved for miles but not for cash card. Recon closed for the evening so will try tomorrow. Thanks, Dan!
I am self employed but it’s not letting me put in my ss# for both business and individual – anyway around this?
Just read above
Sole Pro’ and the use social for both ,
Dan states all needed so clear ,
guys take a coffee and read all.
is this a visa card I spend a lot in Costco want to know if this will work there
I already use the spark cash under my business name. Should i apply for Miles under same business name and TID
Sure.
Thanks Dan. approved for 30k
Will there be a red flag or issue getting instant approval on a business card like spark if I use a new business address that’s not yet associated with my credit report when applying online for the card? All of my cards have been registered to my home address.
thanks Dan, Just got approved with 20k limit
All set! Your application is complete.
Thank you for submitting an application for a Capital One credit card! Notification of your application status will typically be sent in 7 to 10 business days; however, in certain circumstances it may take up to 15 days.
does this mean that im not approved?
I had the same message called the reconsi… number and they approved me after 2 days for 30k,
what number did you call?
Does cap1 have access to my business card balances that aren’t on my credit report?
are these cards subject to the 5/24 rule ?
No. That’s Chase, this is Capital One.
When does this offer expire ?
jan 28
Already have a spark Business, signed up for miles card under LLC got denied, reapplied as sole proprietor got approved for 75K. BTW I have over 825 credit score.
Thanks Dan
Dan, I just applied and got approved for a chase ink business card a couple of weeks ago,Do you think there’s any issue with getting approved for Capital one if I apply now? Or I should wait a little while before I apply for another Credit Card?? Thanks so much Dan!
Which is a better deal, the miles or the cash?
Hello…can business partners share the miles?
It’s important to just write your own name as the business name. why?
thanks Dan! got approved for $50,000
It is hard, but you can get them to increase your credit limit once you get the card. They issued me a card with a $50K limit but I needed it increased to $75K as we charge between $60-70K a month on a credit card for our business. They make you wait 3 months before applying for a credit increase. We were pre-paying the card twice a month as not to exceed the original $50K limit. They first denied the credit increase because they said we were exceeding the $50K a month usage limit (even though we were pre-paying it). After finally speaking to someone in their credit department with half a brain, I had to provide 2 years tax returns and then they finally granted the $75K limit. This was never an issue with the Chase Ink Business card I was replacing. They gave me a $75K limit up front just for asking. So if you are persistent, Capital One will accommodate you.
Is it confirmed that they report business credit card to personal report monthly?
Is it a good idea to freeze my credit to avoid the triple pull? if so, which one should I NOT freeze?
Can i apply for the cash and also for the miles?
Do you have a list of all available business cards – that DON’T report on personal reports?
So which card is a better option the cash or miles? I’m not flying that often
I spend about 20k for my business
Please reply if this adds to 5/24 count with chase
I don’t get why ppl are asking this when Dan clearly wrote it in his original post
Just got approved bor both of them 50K CL each.
Any other CC’s I can get on top of those 3X hard pulls? (Just feel like it would be a good idea to at least hook on some other applications to at least get get the most out of it…)
anyone has experience paying your balance with 3rd party checks with capital one?
Will paying taxes count as spend
already have a cash business spark- can i apply for cash business under diff llc?
it worked
What’s the likelyhood of getting approved for both in one day? And does it show as 2 hits on CC report?
done
Thanks, I got it…
Offer still there, should I submit?
Sure
I applied at 2:12pm est and got approved. The website still showing. Am I good?
Yup!
Can I apply for both?
Sure.
One credit pull?
what do you do for tax id
You put in your social
Can I apply for both cash and miles credit cards at once? Will it consider one pull?
what do u do about tax id
whats the number for reconsideration?
Anything existing holders of this card can do to get this deal?
Got it, thanks Dan!
Seems like its dead for now
Just got approved!
Dan, do i keep the SPG amex consumer card after the merge to Marriott, or get rid of it for the Marriott rewards.
Hi dan I’m trying to figure out if I get the chase slate card can I get 0 apr + 0$ transfer fee at the same time?
My capital one business account (sole proprietor) just got restricted, anyone with info what they may want? And what docs can I send them as this is a sole proprietor?
They’re asking for one of the following, I applied as a sole proprietor, and don’t have any business doc’s, can anyone help what I should provide?
• Proof of Business /Business Name
• Proof of Residency (Business Accounts)
• Other Documents to Support Your Case
FYI Dan, after a few HUCA’s explaining them that it’s a new business and no business doc’s available they asked for photo ID, utility bill, signed SS card, personal bank account statement, bank statement of the bank account payment came from, and they opened the account BH!