Capital One Shares End Date for 200,000 Mile Initial Bonus Offer

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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.

About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

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Editorial note: any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Comments made in response to this post are not provided or commissioned nor have they been reviewed, approved, or otherwise endorsed by any bank. It is not the responsibility of any advertiser to ensure that questions are answered, either. Terms and limitations apply to all offers.

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  1. I’m confused by this card bonus. Is it essentially 3 miles per $ on that $50,000 spend or would you have the 200,000 bonus miles plus 110,000 for the $55,000 in spend (at 2 pts per $)?

  2. Victor, if you spend a total of $50k (not $5k+$50k) you get the normal 100,000 capital one points, plus 200,000 bonus points for 300,000 total. If you convert to airline miles, most of them convert at 2:1.5, so you’d end up with 225,000 actual airline miles.

    I have a lot of miles built up and it seems like everyone keeps making them harder to use and devaluing them, so I went for the 6% cash back instead. Spend $50k, get $3000 cash back.

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