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)
- Alitalia (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?