Capital One® Spark® Cash for Business

Robin Saks Frankel  in  Business Advertising Disclosure
Capital One Image

Recommended Credit Score

Good to Excellent (670 - 850)

A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

Apply Now On Capital One's secure website

Best flat-rate cash back card for businesses

Annual Fee:
$0 intro for first year; $95 after that
Purchase Intro APR:
N/A
Balance Transfer Intro APR:
N/A
Regular APR:
19.24% (Variable)
Terms and Restrictions Apply
Bankrate Score: 90 out of 100

Commonly used for: Business, Cash Back, Excellent Credit, No Foreign Transaction Fees, Rewards, Sign-up Bonus.

Score Breakdown

Bankrate Score

90 out of 100
90
Variable APR:
Variable 19.24%
80
Annual Fee:
No annual fee the first year, after that it’s $95
60
Other Fees:
Cash advance fee of either $10 or 3% of the amount of each cash advance, whichever is greater; Late payment fee up to $39
97
Rewards:
Unlimited 2% cash back on all spending
95
Intro Bonus:
Earn one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening
80
Perks:
Free employee cards that also earn cash back and Visa Business benefits like auto damage and collision protection, emergency and travel assistance services and purchase protection.

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. Plus, employee cards come with no annual fee. Capital One waives the annual fee for the first year on the owner’s card. You’ll pay $95 a year thereafter.

Review

Bankrate tends to favor rewards credit cards that make it easy on the cardholder to collect. Capital One Spark Cash for Business certainly does that with a 2% cash-back reward for all spending.

This is an especially good card if your business expenses aren’t concentrated in small-business specific categories. There are other cards that offer more generous rewards in spending categories typically associated with businesses, but be prepared to track your category spending.

We also like that this card charges no foreign transaction fees, meaning if you or your employees do business outside the U.S., you won’t have to pay extra when putting spending on your credit card.

Who should get this card

The Capital One Spark Cash for Business card will most likely appeal to business owners who want to keep things simple. This card is probably right for you if your expenses vary over the course of the year and aren’t concentrated in one specific category, like gas or office supplies.

For business owners who put a fair amount on their credit cards, the sign-up bonus may be a key to your decision to apply: You’ll earn $500 if you spend $4,500 on purchases within three months of account opening.

Like with most credit card choices, the best card for you comes down to your (in this case your business’) spending habits. If you spend heavily on office supplies, for example, there are better options that could earn you hundreds of extra dollars in cash-back rewards every year.

The math here is relatively simple. If you spend $10,000 annually on office supplies, you’ll earn $500 cash back from some other cards. On Spark Cash for Business, you’ll earn $200.

Advantages
  • Cardholders earn an unlimited 2% back on every purchase.
  • You'll earn a one-time bonus of $500 if you spend at least $4,500 in the first three months of card ownership.
  • Employee cards earn the same cash-back rate, all credited to the main cardholder’s account.
Disadvantages
  • The Capital One Spark Cash for Business does not come with an introductory 0% APR offer like on other small business credit cards.
  • The penalty APR for late payments is high, plus there’s a penalty fee, so if your business might not make a payment on time, you may want to consider a card with a more forgiving policy.
  • The balance transfer APR is high so this card may not be a good choice for those looking to save on interest charges.
  • If you rarely use this card, the annual fee after the first year may not be worth it.

Fees and APR

  • There’s no annual fee the first year, after that it’s $95.
  • You will pay no foreign transaction fee for purchases made outside the United States.
  • The annual percentage rate is a variable 19.24%.

Extras, perks and using rewards

Along with the sign-up bonus and the free employee cards that earn cash back, this card also comes with Visa Business benefits like 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 Select for Business
  • Earning unlimited 1.5% cash back could mean thousands of dollars each year going back into your business
  • Plus, a one-time $200 cash bonus once you spend $3,000 on purchases within 3 months from account opening
  • Save on interest with 0% intro APR on purchases for 9 months; 15.24% - 23.24% variable APR after that
  • No annual fee
  • Use Spark Cash Select across all your business spend, with no categories to limit your purchasing
  • 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
Apply Now On Capital One's secure website
Credit Needed

Excellent, Good

Regular APR

15.24% - 23.24% (Variable)

Annual Fee

$0

Purchase Intro APR

0% on purchases for 9 months

Balance Transfers Intro APR

N/A

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. If you have some big expenses and you want to spread out the payments a bit, the 9-month no-interest offer on purchases can save you some money.

Ink Cash® Business Credit Card
  • 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 Business Cash 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?

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