Capital One Introduces Small Business Card

The Preferred No Hassles Miles card offers rewards for travel and entertainment purchases.

Capital One Financial (NYSE:COF) has unveiled its Preferred No Hassles Miles card, a credit card that offers small business owners rewards for travel and entertainment purchases.

The new card features no annual fee and earns its users two miles per dollar spent on purchases made with airlines, restaurants, hotels, bowling alleys, buses and charters, car rentals, cruise lines, movie theatres, passenger railways, taxicabs and limousines, timeshares, travel agents, and video rental stores. Additionally, customers earn one mile per dollar for all other purchases, which can be redeemed for travel, gift cards, merchandise, and even cash.

Additional features include a zero percent intro annual percentage rate; free employee cards with individual spending limits; free year-end summary with annual costs separated by category, which can help itemize tax deductions; zero dollar fraud liability, so customers are not responsible for unauthorized charges; and no foreign transaction fees.