Capital One is cementing its place as some of the rewarding bank card issuers by making waves with a proposal of fifty,000 bonus miles on the Capital One Spark Miles for Enterprise. To earn these bonus miles, you may want to satisfy a spend threshold of $4,500 throughout the first three months of opening a Spark Miles for Enterprise account.
Based mostly on TPG’s valuation of Capital One miles at 1.85 cents every, that is a full bonus value $925.
The strong welcome bonus is simply the beginning; let’s check out a few of the finest lesser-known advantages of the Spark Miles for Enterprise.
Free worker playing cards and an account supervisor
One technique to shortly rack up your spend to proceed incomes rewards gone the sign-up bonus is by including worker playing cards. Fortunately, Capital One enables you to add worker playing cards to the Spark Miles for Enterprise free of charge, supplying you with extra flexibility over the way you handle your money circulation and extra alternatives to earn rewards (see charges and charges).
You may as well assign a specific worker because the account supervisor, permitting them to have management over making purchases and funds, reviewing transactions and resolving any points.
With a constant incomes price of two miles per greenback on all purchases, the Spark Miles earns about 3.7% again, making it a compelling selection for on a regular basis, non-bonus spending for each you and your staff.
It is attainable to get the next return for those who redeem your miles for premium cabin journey by way of packages like Avianca LifeMiles or Etihad Visitor, however 1.85 cents per mile is a useful baseline to consider.
Sync your transaction historical past to Quickbooks and Excel
The sign-up bonus alone makes it apparent that Capital One is advertising and marketing this card towards higher-spending companies, and the extra money you might have flowing out and in of your accounts over the 12 months, the extra fastidiously you may must maintain data to arrange for tax season.
Capital One desires to make this course of as straightforward as attainable. Along with computerized fraud alerts and 0 legal responsibility in case your card is misplaced or stolen, you will get personalized itemized spending studies every quarter and simply obtain and export your transaction historical past to a number of platforms, together with Quicken, Quickbooks and Excel.
Every day Publication
Reward your inbox with the TPG Every day publication
Be a part of over 700,000 readers for breaking information, in-depth guides and unique offers from TPG’s consultants
Prolonged guarantee and buy safety
In case you’re utilizing the Spark Miles as the primary bank card for your corporation, it is possible that you’re going to be making some fairly vital purchases with it.
You may relaxation assured understanding that Capital One will mechanically lengthen the unique producer’s guarantee on eligible purchases made with this card.
Additionally, if an merchandise you buy is stolen or broken inside 90 days after buy, it’s possible you’ll be eligible to have it changed, repaired or reimbursed.
Backside line
For a card with an affordable $95 annual price — whose intro annual price is $0 for the primary 12 months (see charges and charges) — the Spark Miles for Enterprise could also be a terrific match for budget-minded enterprises.
What it does have, along with its 50,000-mile sign-up bonus, is a small however priceless checklist of advantages that may show you how to handle your corporation funds extra effectively and defend you from loss as a result of theft or injury. Whilst you clearly hope to by no means have to make use of these insurance coverage advantages, even a single use would greater than offset the annual price.
Learn our full evaluate of the Spark Miles for Enterprise right here.
For Capital One merchandise listed on this web page, a few of the above advantages are offered by Visa® or Mastercard® and should range by product. See the respective Information to Advantages for particulars, as phrases and exclusions apply.
Be taught Extra: Capital One Spark Miles for Enterprise
For charges and charges of the Spark Miles for Enterprise, click on right here.
