Capital One Spark Cash Select for Business

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Unfussy card with straightforward cash back but not much else.

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Business owners who want a hassle-free card with a generous and unlimited rewards structure may find the Capital One Spark Cash Select for Business fits the bill. On the other hand, if you tend to carry a balance – and you can qualify for the lowest annual percentage rate, this card also is a decent choice to carry in your pocket.

But their are other cards on the market that offer the same — if not better — low rates for those who qualify, and some have the same introductory offer that come with this card.

Review

We don’t like this card quite as much as its relative, the Capital One Spark Cash for Business, which charges an annual fee after the first year, but also offers a slightly higher rewards rate and a more lucrative sign-up bonus.

That being said, this card still ranks among the best on the market, particularly because of its unfussy rewards program that doesn’t pay different rates for different categories of spending. To us, that kind of program is the most flexible.

However, many businesses will find that their spending is concentrated in one or a few areas, in which case you may be better off choosing a card with higher rewards in those categories.

Who should get this card

For business owners whose spending habits vary or those who want simple cash-back rewards, the unfussy Capital One Spark Cash Select for Business card fits the bill.

Sweetening the pot is a one-time bonus of $200 in cash rewards to cardholders who accrue at least $3,000 in charges in the first three months of card ownership and a 0% intro APR offer for the first nine months on all purchases.

Advantages
  • Earn an unlimited 1.5% cash-back reward on all purchases.
  • Rewards never expire as long as the account is open and in good standing.
  • There are no rotating or special bonus categories to keep track of.
  • There's no annual fee.
Disadvantages
  • The penalty APR for late payments is high, plus there’s a penalty fee, so if you anticipate having at least one late payment, you may want to consider a card with a more forgiving policy.
  • The APR on balance transfers also is high, so this card may not be a good choice for those looking to save interest on a balance transfer.
  • Small business owners who want to earn transferable points instead of cash back may be better off with a different kind of rewards card.
  • There are other small business cards that offer higher rewards rates -- up to 5X back in specific categories.

Fees and APR

  • This card carries no annual fee.
  • There are no foreign transaction fees for purchases made outside the United States.
  • The variable penalty APR is a high 30.4% if you make a late payment.
  • After the introductory period, the standard APR is a variable 13.99%, 17.99% or 21.99% based on your creditworthiness.

Extras, perks and using rewards

This card comes with a nice bonus of $200 if you spend $3,000 within the first three months. Like the Capital One Spark Cash for Business, with this card you can get extra credit cards for your employees, a nice perk since the main cardholder accrues all the cash-back earnings.

If you have to travel for work, the Capital One Spark Cash Select has no foreign transaction fees and also comes with Visa Business Benefits, including auto damage and collision protection, emergency and travel assistance services and purchase protection.

Cash-back points never expire and you can redeem them in any amount, anytime. There is no fee to redeem your cash-back points.

How this card compares

Capital One® Spark® Cash for Business
Card Details
  • Earning unlimited 2% cash back could mean thousands of dollars each year going back into your business
  • Plus, a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening
  • Use Spark Cash across all your business spend, with no categories to limit your purchasing
  • $0 intro annual fee for the first year; $95 after that
  • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
  • Get employee cards at no additional cost, and earn rewards from their business spend
Credit Needed Excellent
Regular APR 17.99% (Variable)
Annual Fee $0 intro for first year; $95 after that
Purchase Intro APR N/A
Balance Transfers Intro APR N/A

Capital One Spark Cash for Business ranks among the best business rewards credit cards on the market, edging out other business cards – including those offered by Capital One — because of its rewards flexibility.

We love that this card pays the same flat rewards rate on cards issued to employees as those issued to the business owner.

Ink Cash® Business Credit Card
Card Details
  • Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services each account anniversary year.
  • Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year.
  • Earn 1% cash back on all other purchases—with no limit to the amount you can earn.
Credit Needed Excellent
Regular APR
Annual Fee No Annual Fee.
Balance Transfers Intro APR

If you’re just starting out and you aren’t sure what your spending patterns will be, the Ink Cash Business Credit Card is like a small rectangular mentor. The no-fee card will reward you for spending in the areas you’ll most likely need to get your business off the ground and gives you a full year break on interest for purchases and balance transfers. Who couldn’t use a little breathing room when launching a new venture?

SimplyCash® Plus Business Credit Card from American Express
Card Details
  • Special Offer: Earn up to $400 cash back
  • Earn a $200 statement credit after you spend $5,000 in qualifying purchases on your Card within the first 6 months of Card Membership.
  • Plus, earn an additional $200 statement credit after you spend an additional $10,000 or more in qualifying purchases on your Card within the first year of Card Membership.
  • No Annual Fee. Plus, more buying power and more cash back. Get cash back on business purchases, even those above your credit limit.
  • 5% cash back on wireless telephone services purchased directly from U.S. service providers and U.S. office supply stores.
  • 3% on the category of your choice from a list of eight and 1% cash back on other purchases.
  • 5% and 3% apply to the first $50,000 in purchases per calendar year, then 1% applies thereafter. Cash back received is automatically credited to your statement.
  • Terms and limitations apply
Credit Needed Excellent
Regular APR 13.24% - 20.24% Variable
Annual Fee $0
Purchase Intro APR 0% on Purchases for 9 months
Balance Transfers Intro APR N/A

In just about every respect, SimplyCash Plus Business Credit Card from American Express stands tall among the elite business cards on the market.

For start-ups who know they’ll need a slew of things to get going, the 5% cash-back rewards on wireless telecom and office supplies and the choose-your-own 3 percent category can add up to significant savings.

 

EDITORIAL NOTE

Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines, or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.