Capital One is cementing its place as one of the crucial rewarding bank card issuers by making waves with a proposal of fifty,000 bonus miles on the Capital One Spark Miles for Enterprise for brand spanking new cardholders. To earn these bonus miles, you may want to fulfill a spending threshold of $4,500 throughout the first three months of opening a Spark Miles for Enterprise account.
Primarily based on TPG’s November 2024 valuation of Capital One miles at 1.85 cents every, that is a full bonus value $925.
The stable welcome bonus is simply the beginning; let’s check out among the greatest lesser-known advantages of the Spark Miles for Enterprise.
Free worker playing cards and an account supervisor
One solution to rapidly rack up your spend to proceed incomes rewards gone the welcome bonus is by including worker playing cards. Fortunately, Capital One allows you to add worker playing cards to the Spark Miles for Enterprise at no cost, supplying you with extra flexibility over the way you handle your money stream and extra alternatives to earn rewards.
You can even assign a specific worker because the account supervisor, permitting them to have management over making purchases and funds, reviewing transactions and resolving any points.
With a constant incomes price of two miles per greenback on all eligible purchases, the Spark Miles earns about 3.7% again based mostly on TPG’s November 2024 valuations, making it a compelling alternative for on a regular basis, non-bonused spending for each you and your workers.
Cardholders may also earn 5 miles per greenback on all resorts, automotive leases and trip leases booked by way of Capital One Journey.
It is potential to get the next return in the event you redeem your miles for premium cabin journey by way of applications like Avianca LifeMiles or Etihad Visitor, however 1.85 cents per mile is a useful baseline to consider.
Sync your transaction historical past to Quickbooks and Excel
The welcome bonus alone makes it apparent that Capital One is advertising this card towards higher-spending companies, and the more cash you may have flowing out and in of your accounts over the yr, the extra fastidiously you may must hold data to arrange for tax season.
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Capital One desires to make this course of as straightforward as potential. Along with automated fraud alerts and 0 legal responsibility in case your card is misplaced or stolen, you will get custom-made itemized spending studies every quarter and simply obtain and export your transaction historical past to a number of platforms, together with Quicken, Quickbooks and Excel.
Prolonged guarantee and buy safety
If you happen to’re utilizing the Spark Miles as the primary bank card for what you are promoting, it is seemingly that you will be making some fairly essential purchases with it.
You may relaxation assured realizing that Capital One will mechanically prolong the unique producer’s guarantee on eligible purchases made with this card.
Additionally, if an merchandise you buy is stolen or broken inside 90 days after buy, you could be eligible to have it changed, repaired or reimbursed.
Backside line
For a card with an inexpensive $95 annual payment — whose introductory annual payment is $0 for the primary yr — the Spark Miles for Enterprise could also be a terrific match for budget-minded enterprises.
What it does have, along with its 50,000-mile welcome bonus, is a small however useful listing of advantages that may show you how to handle what you are promoting funds extra effectively and defend you from loss because of theft or injury. When you clearly hope to by no means have to make use of these insurance coverage advantages, even a single use would greater than offset the annual payment.
To study extra, try our full evaluation of the Capital One Spark Miles for Enterprise.
Be taught Extra: Capital One Spark Miles for Enterprise
Associated: Do I would like a enterprise to get a enterprise bank card?
For Capital One merchandise listed on this web page, among the advantages could also be supplied by Visa® or Mastercard® and will range by product. See the respective Information to Advantages for particulars, as phrases and exclusions apply.
