Comments on: Benefits and perks of the Capital One Spark Miles for Business

By: Andrew Wan

Andrew Wan — Mon, 28 Oct 2019 04:58:32 +0000

In reply to Joe. Oof, yeah that’ll be tough. Mathematically, seems like the only way to meet that spending limit would be to pay down the balance before your statement cuts, so that you free up more of your credit limit for additional spending.

By: Joe

Joe — Sat, 26 Oct 2019 22:41:21 +0000

Just got approved for one with a 5K limit this morning. Not sure how I’m supposed to get to 50k in 6 months with such a low limit, but I guess we’ll find out.

By: Andrew W

Andrew W — Wed, 06 Mar 2019 15:38:50 +0000

In reply to Cam.

Always a bummer when any business credit card from an issuer reports to personal. But if the card’s perks and rewards are a good match with your spending habits, I’d say go for it.

With regards to how it affects your credit, the only real negative I can think of is a temporary hit to your credit score for having a brand new account show up.

Other than that, keep your monthly balance low and it won’t adversely affect your credit score.

By: Cam

Cam — Wed, 06 Mar 2019 14:03:12 +0000

Capital One will report to all credit agencies monthly. It will impact personal credit scores. Not worth it.