How The Spark Miles Fits Into My Business Card Portfolio

Filed Under: Business, Capital One
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I was recently approved for the Capital One® Spark® Miles for Business, which means I’ve significantly increased my business card portfolio in the past couple of months, especially as it relates to cards that I use to maximize my spend, rather than cards that I have primarily for the perks.

I’ve gone from two to five business cards that I use to maximize spend, so in this post wanted to look at the value each of these cards has to me.

The two business cards I used for spend prior to October

Prior to October, the only two business credit cards that I put spend on were as follows:

In reality I ended up using a lot of personal credit cards for business purchases in order to maximize rewards (for example, I just put most of my travel and dining purchases on the Chase Sapphire Reserve®).

The three business cards I’ve just picked up

In the past two months I’ve picked up the following business credit cards:

What does this mean for my business credit card spend?

Obviously I’ve greatly expanded my portfolio of business cards here, so I have a lot more to do to maximize my points. In general my strategy when it comes to credit card spend is as follows:

  • First reach minimum spend on credit cards
  • Then maximize the bonus categories offered by each card

However, it’s not necessarily that straightforward. Ideally you want to reach the minimum spend on credit cards in categories where you’d otherwise earn the fewest points.

In other words, ideally I’d reach minimum spend on purchases where I’d otherwise earn 1-2x points, rather than categories where I’d otherwise earn 5x points.

So, given that I now have five business credit cards that I’m using for spend, what’s my strategy?

  • I’ll continue using the Ink Business Cash for purchases at office supply stores, as well as to pay cell phone and internet bills
  • I’ll continue using the Ink Business Preferred for travel purchases and shipping
  • I’ll then put my next $50,000 of spend on the Blue Business Plus, so that I earn 2x Membership Rewards points for that spend
  • I’ll then put my remaining non-bonused spend on the Capital One Spark or Ink Business Unlimited, which offer unlimited 2x Spark miles and 1.5x points, respectively.

Now, perhaps I’m oversimplifying things here, because frankly I’m not sure exactly how much I’ll be spending in eligible categories. I may have to adjust my plans if I otherwise max out my spend in other categories. But that’s my general plan as of now.

What’s your strategy for business spend? 

The following links will direct you to the rates and fees for mentioned American Express Cards. These include: The Blue Business® Plus Credit Card from American Express (Rates & Fees).

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  1. Wow that’s a lot of non-bonused category spend. How are you spending so much outside of travel and dining? Do you have a side reselling business?

  2. Lucky, so you decided to forgo your 5/24 status (and the great WOH card which you said you’re interested in acquiring) for the Sparks Miles For Business card. Can you please elaborate on your thought process here?

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