The Capital One Spark Miles for Business makes it easy for business owners to earn and redeem travel rewards while also enjoying a range of other valuable perks. But it comes with an annual fee: $0 intro for the first year, then $95.

Is it worth it? That depends on how you use the card and whether you can take full advantage of its strengths.

Here are some of the Capital One Spark Miles for Business card benefits that could make it worth the annual fee for your business.

Valuable perks of the Capital One Spark Miles for Business

The welcome offer

If you use your new Capital One Spark Miles for Business enough, you can access the welcome offer: Earn a one-time bonus of 50,000 miles – equal to $500 in travel – once you spend $4,500 on purchases within the first 3 months from account opening.

2x miles on every purchase, 5x on hotels and rental cars

Every dollar you charge for qualifying purchases will earn you 2x miles. The more you spend, the more miles you earn. And unlike some other cards, the Capital One Spark Miles for Business doesn’t deter you from spending a lot.

For example, the The American Express Blue Business Cash™ Card earns 2% cash back, for up to $50,000 spent in a calendar year. But after you hit $50,000 in spending, your cash back rate is just 1%. Terms apply.

No caps on miles earning makes this card more valuable for businesses that charge well over $50,000 every year.

What's more, when booking hotels and rental cars through the Capital One Travel portal, you'll get an elevated earn rate of 5x miles.

Flexible ways to use your miles

Book travel

The Capital One Spark Miles for Business gives you more control over how you redeem your rewards by offering several ways to use miles.

You can use the card to pay cash for travel, then redeem miles for a statement credit against the travel purchase at a rate of 1 cent per mile. So you can charge a $300 plane ticket to your card then get that $300 charge reversed by cashing in 30,000 miles.

You can use miles to pay for your travel by booking directly through the Capital One travel portal website, where you’ll also get a value of 1 cent per mile.