New Santa Cruz Works Partner - Capital One just announced a great offer. To learn more contact local Santa Cruz representative Aaron Jew Ikezawa at aaron.ikezawa@capitalone.com

Capital One announced on Tuesday, October 22, new limited-time welcome bonus offers for Capital One® Spark® Cash Credit Card and Capital One® Spark® Miles Credit Card holders. Plus Capital One customers with travel rewards cards can earn elevated rewards on hotel and rental cars booked through Capital One Travel℠.

Below, CNBC Select breaks down the new offerings.

New limited-time bonus offers for Spark Cash and Spark Miles cardholders

Starting on October 22, Capital One is offering limited-time welcome bonuses of up to 200,000 miles for Capital One® Spark® Miles Credit Card or up to $2,000 cash back for Capital One® Spark® Cash Credit Card holders. Terms apply and see more detail below.

Capital One® Spark® Cash Credit Card

• New offer: Earn a $500 cash bonus when you spend $5,000 in the first three months and earn $1,500 when you spend $50,000 in the first six months of your account opening.

• Old offer: Earn a one-time $500 cash bonus once you spend $4,500 in the first three months of account opening.

• Bottom line: You have to spend $500 more to earn a $500 cash bonus, but you now have the chance to earn an additional $1,500.

Capital One® Spark® Miles Credit Card

• New offer: Earn 50,000 bonus miles when you spend $5,000 in the first three months and earn 150,000 bonus miles when you spend $50,000 in the first six months of your account opening.

• Old offer: Earn a one-time bonus of 50,000 miles once you spend $4,500 in the first three months of account opening.

• Bottom line: You have to spend $500 more to earn 50,000 bonus miles, but you now have the chance to earn an additional 150,000 bonus miles.

Both cards are geared toward small business owners. After the first year, both cards have a $95 annual fee. 

5X miles in new categories for travel cards

Both new and current Capital One® Spark® Miles Credit Card and Capital One® Spark® Miles Select Credit Card holders will earn 5X miles on hotel and rental cars booked through Capital One Travel℠. Cardholders can also earn 2X miles on all other purchases with the Spark® Miles Credit Card and 1.5X miles on all other purchases with the Spark® Miles Select Credit Card. The Spark® Miles Select Credit Card charges no annual fee.

Capital One® Venture® Rewards Credit Card and Capital One® VentureOne® Rewards Credit Card members can also take advantage of the increased rewards. (See more on the pros and cons of these two travel rewards cards.)

Currently, Venture® Rewards and VentureOne® Rewards cardholders can earn 10X miles on thousands of hotels at hotels.com/venture, through January 31, 2020 — which is double what you’d earn if you book your hotel via Capital One Travel℠. However, once the Hotels.com offer ends, the 5X miles on hotel and rental cars booked through Capital One Travel℠ will be a great benefit.

Bottom line

The Spark® Miles Credit Card has undergone the most extensive updates, with the limited-time welcome bonus and rewards program upgrades. Plus business owners with this card can get a statement credit up to $100 for a TSA PreCheck or Global Entry application (valid every four years).

“Our customers use their rewards to invest in everything from traveling to client meetings to offering perks to employees or taking a well-deserved vacation,” Matt Vischulis, managing vice president of Capital One small business cards, tells CNBC Select.

The enhanced bonus for the Capital One® Spark® Cash Credit Card is a great perk for business owners who can meet the spending requirements.

The Spark® Miles, Spark® Miles Select, Venture® Rewards and VentureOne® Rewards addition of 5X miles on hotel and rental cars booked through Capital One Travel℠ is particularly noteworthy since it can add up to increased rewards during the upcoming holiday season and well into the new year.

Information about the Capital One® cards mentioned above have been collected independently by CNBC and has not been reviewed or provided by the issuer of the cards prior to publication.