I receive compensation for content and many links on this blog. You don’t have to use these links, but I am grateful to you if you do. American Express, Citibank, Chase, Capital One and other banks are advertising partners of this site. Any opinions expressed in this post are my own, and have not been reviewed, approved, or endorsed by my advertising partners. I do not write about all credit cards that are available -- instead focusing on miles, points, and cash back (and currencies that can be converted into the same).
Capital One® Spark® Miles for Business has the biggest public initial offer I’ve ever seen — allowing you to earn 200,000 miles.
The offer requires significant spend: 50,000 miles after $5,000 spend in the first 3 months and 150,000 more miles when you spend $50,000 in the first 6 months from opening your account. This card has a $0 intro annual fee for the first year; $95 after that. The card earns 2 miles per $1 on every purchase, every day.
Capital One just let me know that this offer will end on January 28. While they “have not finalized the replacement sign-up offer yet,” you can bet it is going to offer far fewer miles.
Last month we learned that Capital One will offer points transfers to miles from several of their cards.
- Star Alliance: Aeroplan, Avianca, EVA Air, Singapore
- SkyTeam: Aeromexico, Alitalia, Air France KLM Flying Blue
- oneworld: Cathay Pacific, Finanir, Qantas, Qatar Airways
- Non-alliance: Etihad, Emirates, Hainan Airlines
Currently points with all of their partners except for Emirates and Singapore transfer at 2-to-1.5, to with the other 12 partners your 200,000 miles would be worth $2000 — or could be transferred to your choice of 150,000 miles with any of these 12 airlines.
The Capital One® Spark® Cash for Business has a similar offer — Earn up to $2,000, a $500 cash bonus when you spend $5,000 in the first 3 months and of opening your account Plus, earn $1,500 when you spend $50,000 in the first 6 months. That offer will be ending January 28 as well.