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Capital One Spark Miles for Business vs The Business Platinum Card® from American Express
This comparison aims to help users decide between the Capital One Spark Miles for Business and The Business Platinum Card® from American Express. Both cards offer unique benefits that cater to different spending habits and business needs.
Card Overviews
Capital One Spark Miles for Business
The Capital One Spark Miles for Business is designed for business owners who want a straightforward rewards structure with no limits on earning miles. It offers a low introductory annual fee and robust travel rewards, making it ideal for those who spend on various purchases.
The Business Platinum Card® from American Express
The Business Platinum Card® from American Express is targeted towards high-spending business professionals who travel frequently. With a higher annual fee, it offers premium travel perks, extensive rewards on travel-related purchases, and access to exclusive airport lounges.
Detailed Feature Comparison
| Feature | Capital One Spark Miles for Business | The Business Platinum Card® from American Express |
|---|---|---|
| Annual Fee | $0 intro for first year; $95 after that | $695 |
| Welcome Bonus | 50,000 miles after spending $4,500 in first 3 months | 150,000 points + $500 statement credit after spending $20,000 on eligible purchases |
| Rewards Structure | 2X miles on every purchase; 5X miles on travel booked through Capital One | 5X points on flights and prepaid hotels; 1.5X points on eligible purchases |
| Foreign Transaction Fee | None | None |
| Other Fees | None listed | None listed |
| Additional Benefits | Global Entry/TSA PreCheck credit; free employee cards | Airport lounge access; travel credits; extensive rewards |
Rewards Highlights
Capital One Spark Miles for Business
- 2 miles per $1 on every purchase, everywhere
- 5 miles per dollar on hotels, vacation rentals, and rental cars booked through Capital One's travel booking site
The Business Platinum Card® from American Express
- Earn 5X Membership Rewards® points for flights, prepaid hotels, and short-term rentals booked at AmexTravel.com
- Earn 1.5X points on eligible purchases at various suppliers and for purchases of $5,000 or more, up to $2 million per year
- Earn 1X points on other eligible purchases
Pros and Cons
Capital One Spark Miles for Business
- Pros:
- Low annual fee, waived first year
- Simple and straightforward rewards program
- Flexible redemption options
- 5X miles on travel booked through Capital One
- Cons:
- Limited travel perks compared to higher-end cards
- Lower welcome bonus compared to competitors
The Business Platinum Card® from American Express
- Pros:
- Extensive travel benefits and credits
- Access to airport lounges worldwide
- High welcome bonus and rewards potential
- Premium customer service and additional perks
- Cons:
- High annual fee
- Complex rewards structure; may not be ideal for casual travelers
Who Should Consider Which Card?
- Capital One Spark Miles for Business: Best for small business owners who want a simple rewards system and travel benefits without a hefty annual fee.
- The Business Platinum Card® from American Express: Ideal for frequent travelers and business owners who are willing to pay a premium for extensive travel perks and higher rewards on travel-related purchases.
Conclusion
Choosing between the Capital One Spark Miles for Business and The Business Platinum Card® from American Express ultimately depends on your specific business needs, spending habits, and travel frequency. Consider your individual preferences and requirements when making a decision.