Capital One Adds Airline Transfer Partners and Capital One Spark Miles for Business Increased 200,000 Miles Offer

The Capital One® Spark® Miles for Business has an increased offer of 200,000 miles. What makes the offer interesting is that Capital One just added airline transfer partners to their program to make miles more valuable.

Capital One® Spark® Miles for Business

  • Welcome offer: up to 200,000 miles after $50,000 in spend within the first 6 months of account opening. See analysis below.

  • Earn 2X miles on every purchase

  • No foreign transaction fees

Capital One Spark Miles 200,000 Miles Welcome Offer Analysis

Capital One miles transfer at a ratio of 2:1.5 points or miles to transfer partners. Since the Capital One Spark Miles earns 2X miles per $1 spent, if you transfer the miles out, you’re earning 1.5 miles per dollar.

There are two tranches for the 200,000 mile welcome offer.

Tranche #1:

  • Earn 50,000 miles after $5,000 in spend within the first 3 months of account opening

If you meet the spend requirements for just the first tranche, you’ll earn a total of 60,000 miles, which equates to an 18-27% return on spend depending on how you value the cents per points.

Tranche #2:

  • Earn an additional 150,000 miles after an additional $45,000 in spend within the first 6 months of account opening.

If you meet the spend requirements for the second tranche, you’ll get an 8-12% return on spend.

Altogether, if you meet both tranches, you’ll earn a total of 300,000 miles from the welcome offer and points earned on total spend. The total return on spend ranges from 9-13.5%, depending on how you value the miles.

Minimum Spend

$50,000 of spend within the first 6 months is a lot of spend. I recommend looking into Plastiq to pay business expenses like rent, tax, or supplies. Plastiq is a service that lets you pay merchants that usually don’t take credit card payments; there is a 2.5% fee.

Plastiq is currently running an exclusive promotion for small businesses that signup through Ask Sebby.

If a new business makes $15,000 worth of payments using Plastiq by December 31st, they earn 5,000 fee-free dollars. Payments must be made on a business credit card.

How the Plastiq promo works:

  1. Sign up for Plastiq here: http://bit.ly/asksebby-plastiq

  2. Make $15,000 worth of payments on a business credit card using Plastiq by 12/31/2018

  3. Earn 5,000 fee-free dollars

Promotion applies to new users only, and you might be asked to provide a business card.

Airline Transfer Partners

In December 2019, Capital One will launch the ability to transfer miles to airline partners. If you have a Capital One credit card that earns points or miles, you can transfer the miles to 12 airline partners:

  • Aeromexico

  • Air Canada (Aeroplan)

  • Air France/KLM (Flying Blue)

  • Alitalia 

  • Avianca (LifeMiles)

  • Cathay Pacific (Asia Miles)

  • Etihad

  • EVA Air

  • Finnair Plus

  • Hainan Airlines (Fortune Wings Club)

  • Qantas

  •  Qatar Airways

Best use of airline miles:

  1. F/J class (business or first class flights)

  2. Last minute flights

  3. “Sweet spot” flight redemption

 

 

 



Editorial Note: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airlines or hotel chain, vendors or companies, and have not been reviewed, approved, or otherwise endorsed by any of these entities. 

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