Up to 300,000 Miles or $3,000 Cash Back with Limited-Time Capital One Offers

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Capital One is has launched some massive limited-time offers on the Capital One® Spark® Miles for Business and Capital One® Spark® Cash for Business cards, with the potential to bank up to 300,000 transferrable Capital One miles or $3,000 cash back.

First pioneered last year, this is the second time Capital One has increased these offers to this level, matching the highest-ever welcome bonus we've seen on any credit card.

If your business can put $50,000+ worth of expenses on a credit card inside the six-month minimum spend window, the offers on the Spark business cards could land you a 6% return on your business spend — a top return by anyone's standards.

Earn Up To 300,000 Miles or $3,000 Cash Back

The Capital One® Spark® Miles for Business card is offering a monster welcome bonus of up to 200,000 miles after spending a total of $50,000. You'll earn 50,000 bonus miles when you spend $5,000 in the first 3 months and earn 150,000 bonus miles when you spend $50,000 in the first 6 months of your account opening.

Since this card earns 2x Capital One miles per dollar spent on all purchases, when you reach the $50,000 minimum spending requirement, you'll end up with a total of 300,000 miles. That's a 6% return on spend, or up to 4.5x airline miles per dollar when transferred to airline partners.

Capital One® Spark® Miles for Business
Capital One® Spark® Miles for Business
Annual Fee$0 intro for first year; $95 after that
Welcome Offer Limited Time Offer: Earn up to 200,000 bonus miles worth up to $2,000 to spend on travel—flights, hotels and more. Earn 50,000 bonus miles when you spend $5,000 in the first 3 months and earn 150,000 bonus miles when you spend $50,000 in the first 6 months of your account opening
The Capital One® Spark® Miles for Business is one of just a handful of business rewards cards offering at least a 2% return on business expenses (issued as 2x Miles), plus you'll earn 5X miles on hotel and rental car bookings through Capital One Travel℠. Your rewards never expire as long as your account is open and in good standing.
  • Limited Time Offer: Earn up to 200,000 bonus miles worth up to $2,000 to spend on travel—flights, hotels and more. Earn 50,000 bonus miles when you spend $5,000 in the first 3 months and earn 150,000 bonus miles when you spend $50,000 in the first 6 months of your account opening; worth $2,000 in travel if redeemed for a fixed-value, or potentially much more when transferred to airline partners
  • 2 Miles per $1 on every purchase, everywhere
  • 5 Miles on hotel and rental car bookings through Capital One Travel℠
  • Fee credit for Global Entry or TSA Pre✔® (up to $100)
  • No foreign transaction fees
  • $0 intro for first year; $95 after that
  • 2 Miles per $1 on every purchase, everywhere.
  • 5 Miles on hotel and rental car bookings through Capital One Travel℠

The cash back version of the card, the Capital One® Spark® Cash for Business, is offering a welcome bonus of up to $2,000. You'll earn a $500 cash bonus when you spend $5,000 in the first 3 months and earn $1,500 when you spend $50,000 in the first 6 months of your account opening.

Since this card earns 2% cash back on every purchase, when you reach the $50,000 spending requirement, you'll end up with a total of $3,000 cash back.

Capital One® Spark® Cash for Business
Capital One® Spark® Cash for Business
Annual Fee$0 intro for first year; $95 after that
Welcome Offer Limited Time Offer: Earn up to $2,000 in cash bonuses. Earn a $500 cash bonus when you spend $5,000 in the first 3 months and earn $1,500 when you spend $50,000 in the first 6 months of your account opening
The Capital One® Spark® Cash for Business provides a strong return on business expenses of 2% on every $1 spent. Unlike many other cash back business cards, here is no cap on the cash back you can earn, plus the card offers a standout initial welcome offer of up to $2,000 cash back.
  • Limited Time Offer: Earn up to $2,000 in cash bonuses. Earn a $500 cash bonus when you spend $5,000 in the first 3 months and earn $1,500 when you spend $50,000 in the first 6 months of your account opening
  • 2% cash back for your business on every purchase, everywhere
  • No foreign transaction fees
  • $0 intro for first year; $95 after that
  • 2 % Cash Back for your business on every purchase, everywhere.

The obvious catch with these offers is the big-spending requirement of $50,000 over the first six months. The key to meeting such a high minimum spend is to optimize your business expenses and ensure you utilize your card wherever possible.

Which Offer is Better?

Before the introduction of airline transfer partners for Capital One miles, the clear choice for a better welcome bonus would have been $2,000 cash back with the Spark Cash card. However, now that miles transfer to partners, the potential value of 200,000 miles earned with the Spark Miles card is significantly higher.

We've put together a complete guide to Capital One transfer partners that will help you decide whether the Spark Miles card is a better fit.

If you choose the miles option and earn the full welcome bonus, 300,000 Capital One miles will convert to 225,000 airline miles with 12 of the 15 partner programs. (Capital One Miles transfer to the final three partner programs—JetBlue TrueBlue, Singapore KrisFlyer, and Emirates Skywards—at an inferior 2:1 ratio, so 300,000 miles would only get you 150,000 miles with either of those programs.)

You can generate up to 225,000 airline miles by transferring your bonus to airline partners, and potentially get two round-trip international business class tickets worth a lot more than $3,000.

Our Take

If your business-card spend is less than ~$8,500 per month, you won't be able to maximize this bonus, so it's better to pass on this offer and wait for a more manageable spending requirement. If you can reach the spending requirements, this is a lucrative offer that can help you build a war chest of rewards from your everyday business expenses.

Capital One® Spark® Miles for Business
Capital One® Spark® Miles for Business
Annual Fee$0 intro for first year; $95 after that
Welcome Offer Limited Time Offer: Earn up to 200,000 bonus miles worth up to $2,000 to spend on travel—flights, hotels and more. Earn 50,000 bonus miles when you spend $5,000 in the first 3 months and earn 150,000 bonus miles when you spend $50,000 in the first 6 months of your account opening
The Capital One® Spark® Miles for Business is one of just a handful of business rewards cards offering at least a 2% return on business expenses (issued as 2x Miles), plus you'll earn 5X miles on hotel and rental car bookings through Capital One Travel℠. Your rewards never expire as long as your account is open and in good standing.
  • Limited Time Offer: Earn up to 200,000 bonus miles worth up to $2,000 to spend on travel—flights, hotels and more. Earn 50,000 bonus miles when you spend $5,000 in the first 3 months and earn 150,000 bonus miles when you spend $50,000 in the first 6 months of your account opening; worth $2,000 in travel if redeemed for a fixed-value, or potentially much more when transferred to airline partners
  • 2 Miles per $1 on every purchase, everywhere
  • 5 Miles on hotel and rental car bookings through Capital One Travel℠
  • Fee credit for Global Entry or TSA Pre✔® (up to $100)
  • No foreign transaction fees
  • $0 intro for first year; $95 after that
  • 2 Miles per $1 on every purchase, everywhere.
  • 5 Miles on hotel and rental car bookings through Capital One Travel℠
Capital One® Spark® Cash for Business
Capital One® Spark® Cash for Business
Annual Fee$0 intro for first year; $95 after that
Welcome Offer Limited Time Offer: Earn up to $2,000 in cash bonuses. Earn a $500 cash bonus when you spend $5,000 in the first 3 months and earn $1,500 when you spend $50,000 in the first 6 months of your account opening
The Capital One® Spark® Cash for Business provides a strong return on business expenses of 2% on every $1 spent. Unlike many other cash back business cards, here is no cap on the cash back you can earn, plus the card offers a standout initial welcome offer of up to $2,000 cash back.
  • Limited Time Offer: Earn up to $2,000 in cash bonuses. Earn a $500 cash bonus when you spend $5,000 in the first 3 months and earn $1,500 when you spend $50,000 in the first 6 months of your account opening
  • 2% cash back for your business on every purchase, everywhere
  • No foreign transaction fees
  • $0 intro for first year; $95 after that
  • 2 % Cash Back for your business on every purchase, everywhere.
Up to 300,000 Miles or $3,000 Cash Back with Limited-Time Capital One Offers
4.7 (93.33%) 6 votes
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Comments

  • Kripal Singh says:

    too much spending required .

    • ^what he said

    • I agree. The bonus is temptingly large, but I can’t manage that much spend personally or through MS’ing. Too bad.

    • Agreed. $50k spend would be better used on multiple sign-ups. That figure would cover more than 10 apps, and would easily (and conservatively) net over 500,000 points/miles. These offers really have to make sense to someone for other reasons to make it worthwhile.

  • Does anyone have any data on manufactured spending with these cards? I have the Capital One Venture card and have MS’d fairly heavily without issue. I am looking for data points on any of the cards mentioned above.

  • That is a lot of spend… but those points…. droolllll!!!!!!!

  • Great offer if you can make the spend!

  • Steven William Van Meter says:

    By my reckoning, this is the second time Capital One has increased these offers to this level, matching the highest-ever welcome bonus I’ve seen on any credit card.I didn’t take advantage last time, but I;ll try this time.

  • Wow what a sign up bonus! That does catch your eye. I do agree about the spending. That is an incredible amount. I wonder if Capital One is trying to see who is a big spender and try to catch them. Maybe they would be offering other things to them if they spend a lot with the company?

  • Agree its a high spend requirement but look at the point rewards.

  • I would love to get these cards but Capital One doesn’t like to approve me for credit cards despite my having accounts with them for years.

  • Just right after their cards stopped working with Plastiq…

  • Near-perfect credit score, and Capital One remains my only rejection to date…

  • way too much spend to manage when now MS is super hard

  • Wow. That’s an insane level of spending.

  • 300k not bad if you can easily make the spend

  • This almost makes me want to start that business I’ve been thinking. All the business card rewards are so tempting!

  • If you have plenty of spend each year and you are over your bonus areas of other cards these bonuses are possibly worthwhile.

  • 300,000 miles is a smarter bet!

  • spend requirement is out of reach for most small businesses.

  • In fact, they are too much spent, but the points are very desirable. Each decides according to their spending and goals.

  • Dexter Ohama says:

    The $3k minimum spend may be a bit steep for some but we just place EVERYTHING we can in those 3 months that we can on the card & it will come out without a problem. This is a good offer from Capital One. Taking advantage of this one.

  • The bottom line on these Capital One offers is that the 50K points on the first $5K in spending is worthwhile on its own, while the value of the added bonus of 3 add’l points per mile beyond their already generous 2 points per dollar spent is questionable when you need to accumulate such high $50K in spending in a 6 month term. Not too many cards out there offer the basic 2% cash rebate you can earn on this on general spending without any point conversion.

  • can someone confirm if Capital One Biz cards count towards 5/24? I believe I found a source saying they don’t, but looking for a recent DP if available

    • I’ll defer to folks with recent DPs, but I believe Capital One does report new business accounts on your personal credit report, so they will likely count against you for 5/24.

  • Way too much spend for most small business.

  • Reward is enticing but the minimum spending kills it unless you’re crazy rich or have a huge business already

  • I have to admit, while the 300,000 miles offer is really enticing, it will be very challenging to hit that $50,000 spending target for most. The exception would be business owners or employees with very high expenses that they charge (a lot of high-ticket sales executives might be able to do it). Great offer for those who can realistically do it!

  • Great bonus but that spending requirement is way too high

  • I have to admit that at first glance this sounds very tempting and since the holidays are here, it is possible for those that MS.
    But I have to agree with other readers here that the same result can be achieved by applying to a few cards that together will require less spend.
    But I can see a scenario that a person that can’t get Chase cards (5/24) and can’t get bonuses from AMEX due to the lifetime restriction, will get it to get miles in Star Alliance for example.

  • Albert C Rollins says:

    That spend is a killer, only a few can come up with it, this is not a card for everyone.

  • good to know that other cards are out there with better deals.

  • Elizabeth Smith says:

    I am actually looking for a business credit card. this seems to be a good deal! I’ll have to look into it.

  • I had a nightmare trying to get Capital One to live up its agreement for the $500 cash back. I ended up giving up and cancelling the card. I was assured that I had reached the spending minimum by two representatives before the three months. Based on that information I stopped spending. It turned out that the $500 included the charge for the card itself, which in the fine print is not included. Beware.

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