50,000 Miles Worth $500 in Travel! Capital One Spark Miles Approval Tips

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50,000 Miles Worth $500 in Travel! Capital One Spark Miles Approval Tips

Million Mile Secrets50,000 Miles Worth $500 in Travel! Capital One Spark Miles Approval TipsMillion Mile Secrets Team

We devote thousands of hours of research to help you get Big Travel with Small Money. You support us by signing-up for credit cards through partner links which earn us a commission. Here’s our full Advertising Policy.

Folks looking for a hassle-free way to earn points to save on travel might consider the Capital One® Spark® Miles for Business.

Depending on your business spending habits and travel goals, the Capital One Spark Miles card can be a great match for business owners who just want a straightforward rewards credit card.  Just look at Million Mile Secrets reader and small business owner Brad, who earns $1,800 per month worth of Spark miles.

Capital One Spark Miles Approval Tips
Capital One Spark Miles Cardholders Can Earn Straightforward Rewards by Using the Card for Business Spending. Then, Easily Redeem Miles to Save Money on Trips to Destinations Like New York City!

Lots of readers love how simple it is to pay for travel with the Capital One Spark Miles card.  Then, just use miles to offset the purchase!  You can even erase charges for cruises and other fun travel experiences.

Plus, you can earn a valuable sign-up bonus on the card worth $500 in travel!

Before signing up for the Capital One Spark Miles card, there are a few tips that can help you achieve a card approval.

3 Tips to Increase Your Chances of an Approval for the Capital One Spark Miles Card

Link:   Capital One® Spark® Miles for Business

Link:   My Review of the Capital One Spark Miles 

Capital One® Spark® Miles for Business

The Capital One Spark Miles comes with 50,000 Spark miles (worth $500 in travel) after spending $4,500 on purchases within the first 3 months.

Capital One Spark Miles Approval Tips
Earn $500 Worth of Travel and Save on Hotel Stays in Destinations Like Las Vegas!

With the Capital One Spark Miles card, you’ll also get:

  • 2X Spark miles per $1 you spend on all purchases
  • NO foreign transaction fees

And the card’s $95 annual fee is waived the first year.  So you can try out the card for free for ~10 months, and decide whether it’s worth it!

Here are a few tips to consider before applying to increase your chances of receiving an approval.

1.   Check Your Credit Report and Score

Capital One suggests you only apply for the Capital One Spark Miles card if you have “excellent credit.”  The bank says you have excellent credit if you:

  • Never declared bankruptcy or defaulted on a loan
  • Have NOT been more than 60 days late on a loan in the past year
  • Have had a loan or credit card for 3+ years with a credit limit of $5,000+

A credit score of 720 or higher is typically considered very good to excellent.  Remember, you can get your score for free and check your credit report by creating a Credit Karma account.

Capital One Spark Miles Approval Tips
Check Your Credit Score for Free Using Credit Karma to See If You Meet the Excellent Requirement for the Capital One Spark Miles Card

2.   Be Sure You Qualify as a Small Business

The Capital One Spark Miles is meant for small business owners.  Keep in mind, it’s relatively easy to qualify for a small business card if you have a side hustle like selling on Etsy or driving for Uber.

Even if you generate a small amount of business revenue, you can still be eligible.  Remember, you personally guarantee the credit line on a small business card.  So the bank considers factors like your total household income and personal credit score when evaluating your application for the Capital One Spark Miles card.

Capital One Spark Miles Approval Tips
Even If You’re Just Generating a Little Extra Side Income With Activities Like Driving for Uber or Lyft, You Can Still Be Eligible for the Capital One Spark Miles Card

3.   Consider Recent Capital One Credit Card Applications

Most banks have application rules to prevent folks from opening lots of new credit cards in a short timeframe.

This rule applies to personal AND small business cards.  So if you recently opened a personal card, like the Capital One® Venture® Rewards Credit Card, you’ll have to wait 6 months before applying for the Capital One Spark Miles card.

I Typically Recommend Chase Cards and Other Small Business Cards First!

The simple rewards structure and valuable sign-up bonus can make the Capital One Spark Miles card worth considering.  But depending on your travel goals, you might consider cards from other banks before signing up for this one.

For example, the Chase Ink Business Preferred is currently my favorite card offer.  When you sign-up for this card, you can earn 80,000 Chase Ultimate Rewards points after you spend $5,000 on purchases in the first 3 months from account opening.

The sign-up bonus is worth $800 in cash back OR $1,000 in travel when you book through the Chase travel portal.

Capital One Spark Miles Approval Tips
The Chase Ink Business Preferred Can Help You Get Big Travel With Small Money! The Sign-Up Bonus Is Worth $1,000 in Airfare, Hotels, or Rental Cars When You Book Through the Chase Travel Portal!

Remember, Chase has strict application rules, which make it more difficult to get their cards if you apply for cards from other banks first.  That’s why I typically recommend folks get all of the Chase cards they want before applying for cards from other banks.

And keep in mind, unlike American Express, Capital One reports business cards to the credit bureaus.  This means any new small business cards with the bank WILL appear on your personal credit report.

As a reminder, Capital One pulls all 3 main credit bureaus when they process your application.  So applying for a card from Capital One has a bigger temporary effect on your credit score.  This isn’t a big concern if you only plan to apply for one card.

Bottom Line

The Capital One Spark Miles card is popular with small business owners because the simple rewards structure gives folks a hassle-free way to earn points to save on travel.

If you’re thinking of applying, consider these tips to increase your approval chances:

  • Check your credit score – Capital One says only folks with “excellent” credit should apply
  • Be sure you qualify as a small business
  • Consider recent Capital One card applications

Don’t forget, Capital One pulls your credit score from all 3 main credit bureaus when they process your application.  So applying for a card issued by the bank has a bigger temporary effect on your credit score.  But folks just looking to open one new card in the near future shouldn’t worry about this minor impact.

If you’ve had approval success with the Capital One Spark Miles card, let me know in the comments!

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Capital One® Spark® Miles for Business

Capital One® Spark® Miles for Business

  • Earn 2 miles per $1 on every purchase, every day
  • Plus, a one-time bonus of 50,000 miles once you spend $4,500 on purchases within 3 months from account opening
  • Miles won't expire for the life of the account, and there are no categories to limit where or what you buy
  • $0 intro annual fee for the first year; $95 after that
  • There's no limit to the amount of miles you can earn
  • Redeem miles for travel, cash back, gift cards and more
  • No foreign transaction fees and fly on any airline, anytime, with no blackout dates or seat restrictions

More Info

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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Can i apply for 2 capital one cards on same day and be approved for both and it shows as one merged inquiry on my credit report?

Does Cap One approve 2 applications on same day and combine/merge credit inquiries if applied on same day?

Please POST MY MESSAGE AND REPLY TO IT, ASAP.

I applied for Capital One’s no annual fee Venture One card and was declined even though my credit score was above 800. And I applied based on an invitation letter they mailed to me! They gave several reasons for declining and I guess I’m supposed to figure out which one or more apply to me. They do a hard pull on all 3 credit agencies, so down goes my credit score.
NIX on Capital One. NOT recommended. NEVER again.

Million Mile Secrets

I understanding your frustration. You might consider calling the Capital One application services line or customer service to see if they will reconsider your application.

I called. No dice. No reconsideration. Don’t bother with this company.

I had exact same experience, application declined. Apparently, they have some kind of 5/24 rule that is unknown.

Reconsideration for Cap One means a new hard pull. With these rules, I wouldn’t bother with them either.

“Have NOT had a loan or credit card for 3+ years with a credit limit of $5,000+”

I don’t get this one. I should NOT have a credit card with a credit line above $5k and still to have an excellent credit score? I have several cards with credit lines above $100k. So I’m not eligible?!

Million Mile Secrets

This has been corrected. Thank you for pointing it out! Capital One says folks with excellent credit should have a loan or credit card open for 3+ years with a credit limit of $5,000+. So you should be eligible!