![]() ![]() The only difference is that one is a charge card for small businesses while the other is a credit card for personal use.įor small-business owners looking for travel perks and wanting to earn transferable miles with Capital One, speak to your Relationship Manager. Interestingly, the Spark Travel Elite is very similar to the Capital One Venture X Rewards Credit Card (a personal credit card) in many ways.īoth cards offer a $300 annual travel credit and they have the same earning structure, annual fee, lounge access perks, anniversary bonus miles benefit and reimbursement perk for Global Entry or TSA PreCheck application fees. charge cards: Which is right for you? Bottom line For those who want to make sure a transaction will go through, there is a tool on the website and the Capital One app to confirm spending power prior to making a large purchase. However, limits on purchasing ability can be based on several factors, such as spending history and payment history. This card is a charge card, meaning it has no preset spending limit. The Spark Travel Elite has a $395 annual fee. Related: Do business credit cards impact my credit score? Additionally, as long as your account remains in good standing, Capital One will not report your account opening or account activity to your personal credit report. Small business-related perks include the ability to pay vendors through the card (even vendors who don't accept credit cards), receipt capturing on the Capital One app (coming later this year) and adding employee cards. Cardholders with access to this program will get special access at hotels that have been "hand-picked for exceptional quality," and enjoy benefits like free breakfast, room upgrades and on-property credits to use for free experiences or free food. Plus, Capital One is also set to have its own luxury hotel program with the Premier Collection, launching before the end of 2022. The Points Guy will not share or sell your email. I would like to subscribe to The Points Guy newsletters and special email promotions. TPG values Capital One miles at 1.85 cents apiece, making the total welcome offer worth over $4,600. That's broken up into earning 50,000 miles after spending $10,000 in the first three months and 200,000 miles after spending $50,000 in the first six months. The current welcome offer is for up to 250,000 bonus Capital One miles in the first six months. Access to the card may expand in the future, however. The Spark Travel Elite card is a small-business credit card that is currently available only to those who are clients of Capital One Relationship Managers. New to The Points Guy? Sign-up for our daily newsletter and check out our beginner’s guide. The card details on this page have not been reviewed or provided by the card issuer. The information for the Spark Travel Elite card has been collected independently by The Points Guy. Let's take a look at the card's features, sign-up bonus and how you can apply. The Capital One Spark Travel Elite card is not currently available to the public, but those with a business relationship manager can apply to take advantage of a welcome offer that can be worth well over $4,000. Small-business owners looking to earn Capital One miles and leverage multiple travel perks will be excited to hear about the newest card available from Capital One. This card was rebranded as the Capital One Venture X Business card in February 2023. ![]() Editor’s note: This post has been updated with new information. ![]()
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