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Capital One Spark Miles for Business vs IHG One Rewards Premier Credit Card
This comparison aims to help you decide between the Capital One Spark Miles for Business and the IHG One Rewards Premier Credit Card. Both cards offer unique benefits that cater to different spending habits and travel preferences.
Card Overview
Capital One Spark Miles for Business
The Capital One Spark Miles for Business is designed for business owners looking to earn travel rewards. With flexible redemption options and no expiration on miles, this card is ideal for frequent travelers who want to maximize their rewards on every purchase.
IHG One Rewards Premier Credit Card
The IHG One Rewards Premier Credit Card is tailored for those who frequently stay at IHG Hotels & Resorts. This card provides significant bonuses for hotel stays and rewards points, making it a great choice for loyal IHG customers.
Detailed Feature Comparison
| Feature | Capital One Spark Miles for Business | IHG One Rewards Premier Credit Card |
|---|---|---|
| Annual Fee | $0 intro for first year; $95 after | $99 |
| Welcome Bonus | 50,000 miles after spending $4,500 in 3 months | 140,000 Bonus Points after spending $3,000 in 3 months |
| Rewards Structure | 2X miles on every purchase; 5X on travel bookings through Capital One | Up to 26 total points per $1 at IHG; 5 points on travel, gas, and restaurants; 3 points on other purchases |
| Foreign Transaction Fee | None | None |
| Other Fees | None | None |
| Additional Benefits | Free employee cards, transfer miles to 15+ loyalty programs | Anniversary Free Night, Automatic Platinum Elite status |
Rewards Highlights
Capital One Spark Miles for Business
- Earn 50,000 miles after spending $4,500 on purchases in the first 3 months from account opening
- Earn unlimited 2X miles per dollar on every purchase, everywhere
- Unlimited 5X miles on hotels, vacation rentals, and rental cars booked through Capital One's travel booking site
IHG One Rewards Premier Credit Card
- Earn 140,000 Bonus Points after spending $3,000 on purchases in the first 3 months from account opening
- Earn up to 26 total points per $1 spent when you stay at IHG Hotels & Resorts
- Earn 5 points per $1 spent on purchases on travel, at gas stations, and restaurants
- Earn 3 points per $1 spent on all other purchases
Pros and Cons
Capital One Spark Miles for Business
- Pros:
- No expiration on miles
- Flexible redemption for any travel-related purchases
- Free employee cards
- Cons:
- Higher spending requirement for the welcome bonus
- Annual fee after the first year
IHG One Rewards Premier Credit Card
- Pros:
- Generous welcome bonus and rewards for IHG stays
- Anniversary Free Night
- Automatic Platinum Elite status
- Cons:
- Annual fee from the start
- Rewards primarily focused on IHG properties
Who Should Consider Which Card?
The Capital One Spark Miles for Business is best for business owners or frequent travelers who prefer a straightforward rewards structure with flexibility in redeeming miles across various travel expenses. On the other hand, the IHG One Rewards Premier Credit Card is ideal for travelers who frequently stay at IHG properties and are looking to maximize their rewards within that hotel chain.
Conclusion
When choosing between the Capital One Spark Miles for Business and the IHG One Rewards Premier Credit Card, it's crucial to consider your individual spending habits and travel preferences. Evaluate how often you travel, where you stay, and what types of rewards you value most to make the best decision for your financial goals.