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For many business owners, finding the right credit card is a difficult and challenging task, and they don’t know where to start. Although many credit card companies are quick to offer their services, you need to find one that meets your needs. Depending on your situation, the Spark Miles Card could be the solution for which you have been searching. This card offers excellent introductory bonuses that are sure to catch your attention, but it’s vital you take the time to learn as much as you can before moving forward. Doing so will prevent you from making the wrong choice, and the following information will help.

Positives

spark-miles-business-credit-cardWhen you want to make an educated decision, learning about the positive aspects of this credit card is a great place to start. If you don’t enjoy paying annual fees, you will be happy to discover that you won’t pay anything for the first year. Also, Capital One does not charge any foreign transaction fees, so the Spark Miles Card is ideal for anyone who does business overseas. When you use your card, you will earn 2 percent cash back, and if you spend $4,500 within three months of your signup date, Capital One will give you a $500 bonus. With this many benefits, it’s hard to ignore the advantages of using the Spark Miles Card.

Disadvantages

No matter how good it might be, no credit card is without its disadvantages. Some people become so enticed by the benefits that a credit card provides that they overlook its faults, which is a mistake. The biggest downside about which consumers complain is that this credit card does not offer any travel bonuses. So if you need to travel on a regular basis, it might not be the best choice. Some credit cards offer as much as 5 percent cash back for purchases made within certain categories. But no matter where you shop with the Spark Miles Card, you won’t earn more than 2 percent cash back, and this factor is enough to turn some business owners away.

Final Thoughts

capital-one-spark-miles-business-credit-card-review-3capital-one-spark-miles-business-credit-card-review-3You now have the information that you need to move forward and to decide if this credit card is the right choice when you want to grow your business. Review each of these factors several times if necessary, and you will be able to pick your next credit card with confidence. The credit card that you choose for your business will depend on many factors, and when you make the correct choice, it can impact your profitability in a positive way.

Business owners who work from one location won’t mind the lack of travel benefits, but you will have to determine if getting 2 percent cash back is enough to compensate for not getting a higher bonus for special categories. The $500 bonus is what attracts many people to this offer. If you travel regularly but don’t want to miss out on these benefits, then consider using the Spark Miles Card in addition to one that offers the travel rewards that you desire.