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).
I used to think that the Capital One® Spark® Cash for Business was the best Capital One business card (indeed, one of the best small business cards) because it earns 2% cash back, indeed it’s the only small business card I know that does so.
I didn’t understand why anyone would choose the Capital One® Spark® Miles for Business instead over I used to think that the Capital One® Spark® Cash for Business, since the two cards are virtually identical except that Capital One® Spark® Miles for Business earned Capital One miles which meant basically a 2% rebate towards travel. Wouldn’t you always choose cash?
And then something funny happened. Capital One introduced points transfer to miles for both their Capital One® Venture® Rewards Credit Card and Capital One® Spark® Miles for Business. Then all of a sudden those miles became more valuable.
Etihad Airbus A380 First Class
Now Capital One continues down the path of building out Capital One® Spark® Miles for Business as a full-fledged premium travel card: starting today it comes with a statement credit of up to $100 for TSA PreCheck or Global Entry (once every four years, allowing you to use the card to pay for renewal before it expires).
Capital One even shares this in the context of continuing to build out benefits for the Spark Miles card, offering “f]rom last fall’s addition of the Miles Transfer feature to this new benefit, this is one of several improvements we are making to the Spark Miles product based on customer feedback.”
Earning your choice of 2% back towards travel or 1.5 miles per dollar with your choice of airlines (with most of their transfer partners) it’s a great value proposition. And while you may already have Global Entry or PreCheck, remember that you can use the benefit to pay the application fee for anyone you wish.