The Capital One Spark Miles and Spark Cash cards are offering sign-up bonuses worth up to $2,000, but you have less than a week to apply

Sarah SilbertJan 21, 2020, 23:17 IST

The Capital One® Spark® Miles for Business and the Capital One® Spark® Cash for Business are currently offering their best-ever sign-up bonuses, but they're only available until January 27.
With the Spark Miles card, you'll earn 50,000 miles after you spend $5,000 in the first three months, and 150,000 miles after you spend $50,000 in the first six months.
On the Spark Cash card, you can earn a $500 cash bonus after spending $5,000 in the first three months, and a $1,500 bonus after spending $50,000 in the first six months.
Both cards are great options if you want to earn rewards on your small-business purchases - the best option for you depends on whether you prefer cash back or travel rewards that you can redeem with airline partners.
See Business Insider's list of the best small-business credit cards »

If you're a small-business owner who charges thousands of dollars to your company card every month, you could stand to earn up to 200,000 Capital One miles or up to $2,000 in cash back with two limited-time offers.

The Capital One Spark Miles for Business and the Capital One Spark Cash for Business are currently running their highest-ever sign-up bonuses, but they're only available until January 27, so you don't have much time left to apply.

To earn the full bonus on both cards, you'll need to spend at least $50,000 in the first six months from opening your account. That won't be reasonable for some small businesses, such as sole proprietorships with limited monthly expenses. If that describes your situation, check out our list of the best small-business credit cards, which includes several options with much lower spending requirements to earn the sign-up bonus.

If your business spends enough to easily meet both tiers of the spending requirement, though, this offer is a great way to maximize your return on that spending.

Keep in mind that we're focusing on the rewards and perks that make these credit cards great options, not things like interest rates and late fees, which will far outweigh the value of any points or miles. It's important to practice financial discipline when using credit cards by paying your balances in full each month, making payments on time, and only spending what you can afford to pay back.

Capital One Spark Miles for Business

The Spark Miles for Business card earns Capital One miles, which you can redeem to cancel out travel purchases made with your card, or by transferring them to one of Capital One's airline partners to book travel. The card has a $95 annual fee that's waived the first year, and it earns 2x miles on all purchases.

Until January 27, the card is offering up to 200,000 Capital One miles to new cardholders who meet the minimum spending requirements. You can earn 50,000 miles after you spend $5,000 in the first three months, and another 150,000 miles after you spend $50,000 in the first six months from account opening.

When you use miles to erase your travel purchases on the Spark Miles for Business, they're worth 1 cent apiece, which means the welcome bonus of up to 200,000 miles would be worth $2,000. If you transfer miles to an airline like JetBlue or Air Canada, you could get even more value from your miles.

Other Spark Miles for Business card benefits include up to a $100 statement credit to cover the application fee for Global Entry or TSA PreCheck, and 5x miles on hotel and rental cars booked with the card through Capital One travel.

Earn up to 200,000 miles: Click here to learn more about the Capital One Spark Miles for Business »

Capital One Spark Cash for Business

The Spark Cash for Business card is similar to the Spark Miles for Business, but it earns cash back rather than Capital One miles you can use to book travel. It has a $95 annual fee that's waived the first year, and it earns 2% cash back on every purchase.

Until January 27, the card is offering up to $2,000 in cash back. You'll earn $500 back after you spend $5,000 in the first three months, and you'll earn $1,500 back after spending $50,000 in the first six months.

The Spark Cash for Business doesn't offer a Global Entry/TSA PreCheck application fee credit like the Spark Miles for Business, but it does offer free employee cards and it waives foreign transaction fees. If you prefer to earn cash back over travel miles, this card is probably the better choice for your business.

Earn up to $2,000: Click here to learn more about the Capital One Spark Cash for Business »

If you're on the fence about which of these cards is a better fit for you, check out our in-depth comparison of the Capital One Spark Miles and the Capital One Spark Cash cards.

Don't forget the January 27 end date for these two offers - you have less than a week left to apply for these cards with the bonuses worth up to $2,000.

Earn travel miles: Click here to learn more about the Capital One Spark Miles for Business »

Earn cash back: Click here to learn more about the Capital One Spark Cash for Business »

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Please note: While the offers mentioned above are accurate at the time of publication, they're subject to change at any time and may have changed, or may no longer be available.

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