The Capital One Spark Miles is no more. Starting today, it has a new name: Capital One Venture Business.
Along with the updated moniker, the card added a few perks:
$50 annual travel credit via Capital One Business Travel.
$50 annual statement credit for qualifying software or advertising purchases.
The Venture Business is also kicking off its new era with a massive limited-time offer.
Earn up to 150,000 miles — 75,000 when you spend $7,500 in the first three months. And another 75,000 miles if you spend $30,000 in six months.
That's the same total miles as the current Venture X Business offer, but with twice as much time to earn them.
What else is changing? The Venture Business card has a $95 annual fee — the same as the Spark Miles for Business — but Capital One no longer waives it for the first year.
Beyond that, the card retains its most valuable asset: simple, valuable rewards.
You still earn double miles on purchases.Â
You still get 5x miles on hotels, vacation rentals and rental cars booked through Capital One Business Travel.
You can still transfer your miles to more than 15 loyalty partners.Â
You still get a statement credit for Global Entry or TSA PreCheck application fees (terms apply).
What about existing Spark Miles customers? Existing Spark Miles customers will stay Spark Miles customers. To get the new credits, you need to apply for the Venture Business.
Approval isn't guaranteed. The Venture Business requires excellent credit (typically a FICO of 720+).
The Spark® Miles Select also got a new name — VentureOne Business — though without any new benefits. It’s a good option if you want travel rewards without the annual fee.
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