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There are 2 new massive bonuses available from Capital One. With these limited-time offers, you can earn up to 200,000 Spark miles after meeting tiered minimum spending requirements with the Capital One® Spark® Miles for Business card and up to a $2,000 cash bonus after meeting tiered minimum spending requirements on the Capital One® Spark® Cash for Business.
To earn the full bonus for each card you’d need to spend $50,000 in the first 6 months. But the cashback or miles you earn from the minimum spending will earn you an additional $1,000 cash back or 100,000 Spark miles! That’s because the Capital One® Spark® Cash for Business for earns 2% cash back per $1 and the Capital One® Spark® Miles for Business earns 2 Spark miles per $1.
Obviously, these big spending requirements aren’t practical for many. But these offers are coming at the perfect time because many folks will be able to apply for the card and pay for their quarterly or yearly taxes to meet the minimum spend! And you can earn the first tiered bonus of 50,000 Spark miles or $500 cash after spending only $5,000 in the first 3 months of account opening.
But that’s not all – Capital One is adding airline transfer partners starting in December 2018!
These sign-up bonuses are huge news, but they’re made even bigger by the fact that Capital One is adding 12 airline travel partners! So anyone with Capital One Spark miles or Capital One Venture miles will be able to transfer their miles to these partners at a 2:1.5 ratio.
Here is a quick rundown of these new bonuses and transfer partners. Will have more detailed guides on how to get the most out of this new version of Capital One Spark miles soon!
New Capital One Spark Business Card Offers!
With the Capital One Spark Cash for Business card, you can earn a $500 cash bonus after spending $5,000 on qualifying purchases within the first 3 months of account opening. Plus, you can earn an additional $1,500 when you spend $50,000 total (an additional $45,000) in qualifying purchases within the first 6 months of account opening!
This is a limited-time offer, but we don’t have an official end date yet.
The Capital One Spark Cash for Business card also comes with the following perks:
- Earn 2% cash back on every purchase
- No foreign transaction fees
- $0 annual fee the first year, then $95
- Free employee cards
If you love the simplicity of cash back and you can meet the spending requirements, then you’re not going to find a better cash back offer than this! You can collect an insane $3,000 in cash after meeting the minimum spending requirement because, in addition to the welcome offer, you’ll earn 2% cash back on your $50,000 minimum spending ($1,000).
But if you’re interested in travel rewards, then you’ll want to consider the Capital One Spark Miles for Business card. If you’re approved, you’ll earn 50,000 Spark miles after spending $5,000 on purchases within the first 3 months of account opening. And an additional 150,000 Spark miles after spending $50,000 total (an additional $45,000) in purchases within the first 6 months of account opening.
This is also a limited-time offer without an official end date. And the card comes with additional benefits like:
- 2X Spark miles on every purchase with no cap
- No foreign transaction fees
- $0 annual fee the first year then $95 after that
By far the biggest new benefit for the Capital One Spark Miles for Business is the ability to transfer your miles to airlines. Because you’re earning 2 Spark miles per $1 spent, you’ll have 300,000 Spark miles once you meet the minimum spending requirement for the full bonus (200,000 bonus miles + 2 Spark miles X $50,000 minimum spending requirement)!
That’s absolutely bonkers!
Starting in December 2018, you’ll have 12 airline transfer partner options:
- Air Canada (Aeroplan)
- Air France & KLM (Flying Blue)
- Cathay Pacific
- Hainan Airlines
- Qatar Airways
The transfer ratio will be 2:1.5, so you’ll be getting 1.5 airline miles for every 2 Spark miles you transfer. That makes the bonus on the Capital One Spark Miles for Business card (including the points you’ll earn for the minimum spending) worth 225,000 airline miles!
With this change, you’ll also be able to transfer Capital One Venture miles to the same partners at the same ratio! This includes miles you earn with no-annual-fee cards, like the Capital One® VentureOne® Rewards Credit Card and Capital One® Spark® Miles Select for Business.
I’m not sure if you’ll be able to have both cards at the same time or if you can have both cards for the same business (if anyone has both cards or has been denied one card because they have the other, please let me know). My guess is that you’ll be able to have both cards, although it’s not likely you can get approved for both at the same time.
We also don’t yet know a lot of details about how the transfers will work, like how long they’ll take. Capital One has said that transfer times will mirror what we’re used to seeing with AMEX Membership Rewards and Chase Ultimate Rewards.
We wanted to get this news out to you ASAP! So we’ll be publishing more in-depth guides in the coming weeks. If you have any questions about these new offers you would like answered, please let us know in the comments below!
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