Capital One Goes AmEx

We haven’t seen publicly available 250,000 transferrable miles credit card bonuses since, well, pretty much ever (*), but Capital One seems to be jealous of its cousin, Big Bonus AmEx, and introduced Business Spark Travel Elite card (there’s currently no public link) to one up them. A few vitals:

• It’s a Mastercard
• 50,000 mile bonus after $10,000 spend in three months
• 200,000 mile bonus after $50,000 spend in six months
• It earns transferrable miles
• There’s a $300 annual travel credit through the travel portal
• You get access to Capital One lounges (and yet another Priority Pass membership)
• Capital One business cards are very friendly to cycling, they’re down to clown
• 2x earning on general spend, more on some travel booked through the travel portal
• 10,000 additional miles every anniversary
• $395 annual fee (Thanks to Jim for noting that the fee was missing)

You have to apply for this card through a Capital One business relationship manager and that’s a good thing because applications through a business relationship manager have different, looser approval requirements. If you don’t have a contact, call your closest Capital One branch and ask to speak to one. You do have an e-commerce business, right? You know, selling stuff on ebay once a year? Great, I knew you did!

For what it’s worth, I was approved for this one at well above 5/24, but my recent hard-pull count was low which probably helped.

* There’s an AmEx Business Platinum 250,000 Membership Rewards Platinum card link that’s been floating around for a few weeks. I haven’t written about it because it’s a “post-targeted” link, meaning this is a link you get after you’ve been directly targeted for the offer, not a link to see if you’re targeted. American Express hasn’t been kind to applicants in the past when post-targeted links make their way out. (If you still want it and haven’t seen it anywhere, here it is, you’re all adults, right?)

SoCal residents: If the Capital One bonus isn’t enough for you, SDCCU has your back. Expires July 31.