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Some people spend quite a bit on their credit cards – especially business owners.

Ends today! (At 3pm ET / 12pm PT)

This absolutely gigantic set of early spend bonus offers ends sometime tomorrow. So if you can make the spend, consider getting one of these two cards today.

If you are in a cash crunch, you should avoid travel rewards credit cards until you are caught up. Here are our favorite credit cards for Intro 0% APR offers and for balance transfer offers

If your business spends an average of around $9,000 a month, you would meet the spend and collect the $2,000 or 200,000 Mile bonus – on top of the cash or miles you’d earn from the spend itself.

But that’s the catch. To get the full bonus on either of these offers, you’ll need to spend $50,000 within 6 months.

The Capital One Early Spend Bonus Offers:

The Capital One Spark Miles for Business card is offering a bonus of up to 200,000 miles (which would become 150,000 airline miles). You will earn a bonus of 50,000 miles when you spend $5,000 in the first 3 months of opening your account and then another 150,000 miles when you spend $50,000 within the first 6 months.

The card earns 2 Capital One miles per dollar on all spend and, as of today, 5X miles on hotels and car rental bookings made through the Capital One Travel portal.

The miles earned from the bonus offer + minimum spend would be 300,000 Capital One “miles” and would be equal to 225,000 airline miles. In fact, you could have some pretty fantastic redemptions. For instance, you could use the miles to fly round trip in Lufthansa’s famed First Class from the US to Europe and back with plenty to spare. Or head to Asia in First on a Star Alliance carrier. (Learn How to Apply)


Capital One miles are transferable to 14 airline partners, 12 of which transfer at a 1.5:2 ratio.

The list of transfer partners is:

  • Aeromexico
  • Aeroplan (Air Canada’s program)
  • Alitalia
  • Avianca
  • Cathay Pacific
  • Etihad Airways
  • EVA Air
  • Finnair
  • Flying Blue (Air France / KLM)
  • Hainan Airlines
  • Qantas
  • Qatar Airways
  • Singapore Airlines (2:1 ratio)
  • Emirates (2:1 ratio)
  • JetBlue (2:1 ratio)

The transfer ratio for all of these is 1.5 miles for every 2 Capital One miles or, put another way, you’ll get 3/4 of a mile for every one Capital One mile. Singapore and Emirates are exceptions, giving you just 1 mile per 2 Capital One miles.

Here are the most exciting Capital One transfer partners in my opinion – and why:

  • Aeroplan: Provides a low cost Star Alliance award chart with very generous open jaw / stopover rules. They are a great way to book United Business class to Europe. They’ve hashed out their differences with Air Canada and will remain the Air Canada program and maintain their Star Alliance relationship.  Only Amex and Marriott are currently partners with Aeroplan besides Capital One.
  • Etihad Airways: I’ve written about my favorite use here. That involved using Etihad miles to book premium class AA flights. You can also use them for a bunch of solid deals, like 44,000 each way in Business class to Morocco on Royal Air Maroc.
  • Avianca: Read my Avianca Cheat Sheet here.  Amex, Citi and Marriott are current Avianca partners.
  • Cathay Pacific: Currently an Amex membership Rewards,  Citi ThankYou and Marriott partner, it’s another way to use points for Oneworld bookings. They did recently devalue their award chart but it’s always worth comparing to your other options, namely using American Airlines miles or Avios. On some longer, connecting mixed class itineraries, you can get some fantastic deals with AsiaMiles.
  • Singapore Airlines is less amazing since you can already transfer every other transferable currency there and this ratio is lower than the others, but it could still be useful if you need to top off for an award. Singapore’s own miles remain the only way to book their famous Singapore First Class Suites.
  • Air France / KLM Flying Blue: With every other transferable credit card point also transferring to Flying Blue, this is another source you can combine miles from for a big award.

Be aware: Capital One will pull all 3 credit bureaus when deciding to approve or deny your application. As well, a business card with Capital One will be reported to credit bureaus on your personal report, meaning that it will count against your Chase 5/24 status.

Want cash instead of miles?

The Capital One Spark Cash for Business has a similar offer with a Limited Time Bonus of up to $2,000. You will earn a bonus of $500 when you spend $5,000 in the first 3 months of opening your account and then another $1,500 miles when you spend $50,000 within the first 6 months.

This card earns a straight 2% cash back. If you spend the full $50,000 for the full bonus offer, you’ll have $3,000 in total cash back in your account. ($2,000 for the bonus + $1,000 in earned rewards from spend). (More information)


These two offers aren’t for everyone and you shouldn’t spend more than you would otherwise to get them. But if you spend this normally,  you’d be hard pressed to find a better offer right now.

What are your thoughts on these offers? Let me know here, on Twitter, or in the private MilesTalk Facebook group.

New to all of this? My new “introduction to miles and points” book, MilesTalk: Live Your Wildest Travel Dreams Using Miles and Points is available now.

I got "in the game" in 2003 and since then I've collected literally millions and millions of frequent flyer miles and hotel points. I've flown around the world in first class seats that would cost $29,000 using frequent flyer miles and a few bucks in tax. And I've stayed in some of the finest hotels - all for free! A few years ago I realized many of my friends actually thought I was paying for these!! So I started sharing my tips. It's long been a passion, but when I hosted a session on Miles and Points at this year's South by Southwest festival, my love of the game intensified and this blog was born.


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