You can easily redeem your miles for a fixed value of 1 cent each, in which case the 50,000-mile bonus would be worth $500 towards travel. But TPG's valuations peg the value of Capital One miles at 1.7 cents because you can transfer your miles to 19 airline and hotel partners.
You need 100 Capital One miles for every dollar that a flight costs. Each mile is worth one cent when spent on travel. So, if your flight costs $200, you'll need 20,000 miles. That's a pretty standard rate for reward redemption.
It's recommended you apply for the Capital One® Spark® Classic for Business if your credit score is between 670 and 739. Once again, some applicants qualify with a score as low as 620.
For most consumers cash back credit cards will provide more value than a standard airline miles credit card. ... Airline credit cards, on average, provide much better short-term value, while cash back cards are better long-term.
You can have two Capital One cards at a time. ... Even with a two-card restriction, Capital One still offers some of the best rewards potential in the credit card game.
Your travel credit card miles can take you wherever you want to go. With Capital One's travel rewards cards, you'll earn unlimited miles on every purchase you make. You can use your Venture or VentureOne miles rewards credit card to book any airline, anytime, anywhere with no seat restrictions or blackout dates.
Based on TPG valuations (and not provided by the issuer), your Capital One miles are likely worth up to around 1.7 cents each when they're transferred to loyalty programs. So if you choose to just earn the first 50,000-mile bonus, that's worth $850.
On average, 40,000 miles are worth about $400. But it can vary widely. For example, 40,000 AAdvantage miles are worth roughly $456 in American Airlines airfare. With United, 40k miles get you $416 in flights.
First 50,000 miles
First, you'll earn 50,000 miles if you spend $3,000 on purchases within the first three months of account opening. That's certainly a solid ongoing offer with miles that you can transfer to 15 airline or hotel partners — or redeem for statement credit against eligible charges at a fixed rate.
Does a Capital One Spark Business credit card report to personal credit? If you open a new Spark Cash for Business credit card today, it will not report to your personal credit file. However, the Spark Miles card still does (for now) report to your personal credit file.
You may need a score of 570 or higher to be approved for the Capital One® Platinum. A score in the 580 to 669 range is a fair score, while a score of 670 to 739 is considered good. If you have a score at the lower end of the fair score range, a premium credit card is all but out of the question.
For small-business owners with fair credit (FICO scores from 630 to 689), the Capital One® Spark® Classic for Business is a good choice — and one of just a few options available. It offers a basic 1% cash back on every purchase, an annual fee of $0 and no foreign transaction fees.
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