Best Capital One business credit cards for 2021

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Capital One is well known for its rewards credit cards for consumers, including popular options like the Capital One Venture Rewards Credit Card and the Capital One Savor Cash Rewards Credit Card. However, there are just as many Capital One business credit cards to pick from, and that’s true whether you want to earn flexible cash back or rewards you can redeem to cover travel expenses.

If you’re in the market for a business credit card, then the best Capital One business credit cards are worth considering. Not only do business cards from Capital One offer valuable rewards and cardholder benefits, but each one offers free employee cards for workers, as well as no foreign transaction fees.

Our ranking highlights the top Capital One credit cards you should consider based on factors like each card’s rewards rate, as well as sign-up bonuses and annual fees.

Bankrate’s picks: Best Capital One business credit cards for 2021

  • Capital One Spark Cash for Business: Best for earning cash back
  • Capital One Spark Miles for Business: Best for travel
  • Capital One Spark Cash Select for Business: Best cash back option with 0 percent APR
  • Capital One Spark Miles Select for Business: Best miles option with 0 percent APR
  • Capital One Spark Classic for Business: Best for imperfect credit

Capital One Spark Cash for Business: Best for earning cash back

The Capital One Spark Cash for Business rewards business owners with a generous welcome bonus and an easy-to-understand earning rate. New cardholders can earn a $500 cash back bonus when they spend $4,500 within three months of account opening, and that’s on top of the 2 percent cash back offered for each dollar spent. The $95 annual fee is waived for the first year.

Capital One Spark Miles for Business: Best for travel

The Capital One Spark Miles for Business offers a similar structure as the cash back version of this card, yet your rewards are good for travel instead. New cardmembers get the chance to earn 50,000 miles when they spend $4,500 within three months of account opening (equal to $500 in travel), as well as 2X miles for each dollar spent. Rewards can be redeemed to cover any travel purchase charged to the card, or they can be transferred to Capital One airline and hotel partners. Cardholders also receive up to a $100 credit toward the Global Entry or TSA Precheck application fee. A $95 annual fee applies, but it is waived the first year.

Capital One Spark Cash Select for Business: Best cash back option with 0 percent APR

The Capital One Spark Cash Select for Business starts new cardholders out with a $200 bonus when they spend $3,000 within three months of account opening. Purchases charged to the card also earn a flat 1.5 percent back in rewards, which can be redeemed for cash back in any amount. This card doesn’t charge an annual fee, yet cardholders can save money with 0 percent introductory APR on purchases for 9 months, followed by a variable APR of 13.99 percent to 23.99 percent.

Capital One Spark Miles Select for Business: Best miles option with 0 percent APR

The Capital One Spark Miles Select for Business is another Capital One business card with no annual fee. Cardholders can earn a 20,000-mile bonus when they spend $3,000 within three months of account opening.  Rewards can be redeemed to cover travel expenses charged to the card, or for transfers to Capital One hotel and airline partners. This card also grants new cardholders an introductory 0 percent APR on purchases for 9 months, followed by a variable APR of 13.99 percent to 23.99 percent.

Capital One Spark Classic for Business: Best for imperfect credit

Business owners with imperfect credit may not be able to be approved for other business credit cards from Capital One, yet the Capital One Spark Classic for Business is geared to people with “fair” credit. This range of scores typically includes any FICO score between 580 and 669. Not only is this card easier to qualify for, but cardholders get the chance to earn an unlimited 1 percent cash back on all purchases with no annual fee.

How to choose the right Capital One business card for you

If you’re considering a Capital One business credit card, you should take the time to check your credit score. All but one option—the Capital One Spark Classic for Business—requires excellent credit to be approved, which usually means any FICO score of 740 or above.

Also, be sure to consider whether you want to pay an annual fee, keeping in mind that you can avoid paying an annual fee if you’re willing to accept a lower rewards rate. Other factors to consider include whether you want an introductory 0 percent APR for a limited time, as well as whether you want any travel benefits like a fee credit for Global Entry or TSA Precheck membership.

Capital One miles vs. cash back

Finally, make sure you decide whether you want to earn rewards for travel or basic cash back. Capital One travel rewards credit cards do offer the opportunity to transfer your miles to Capital One transfer partners like Wyndham Rewards and Air France/Flying Blue, which can be helpful if you are saving up miles for a future travel redemption.

On the other hand, Capital One cards that offer cash back are very convenient since you can redeem your rewards for cash back in any amount.

Capital One business cards FAQ

The following questions and answers provide even more details on Capital One business credit cards and how they work.

What benefits do all Capital One business credit cards share?

All Capital One business credit cards offer free employee cards, which can be convenient if you want your employees to have their own cards to use for business-related purchases. Also, be aware that Capital One does not have any cards that charge foreign transactions on purchases you make outside the United States.

Capital One business cards also offer year-end summaries of the purchases you have made, as well as the ability to set up automatic payments. You can also set customized spending limits on employee cards.

What credit score do I need to apply for a Capital One business card?

Most Capital One credit cards require excellent credit, which usually means any FICO score of 740 or higher. However, the Capital One Spark Classic for Business only requires “fair” credit.

Do Capital One business credit cards charge an annual fee?

Two Capital One business credit cards—the Capital One Spark Cash for Business and the Capital One Spark Miles for Business—charge an annual fee. The rest do not, but you’ll earn a lower rewards rate on purchases.

The bottom line

Capital One offers some excellent business credit cards with significant perks, yet there are plenty of other card issuers to consider. Take a close look at these Capital One business card options, but don’t forget to compare business credit cards from issuers like Chase and American Express. With some basic research completed, you should be able to identify a shortlist of business cards that might leave you better off.

All information about the Capital One Savor Cash Rewards Credit Card, Capital One Spark Miles Select for Business, Capital One Spark Classic for Business has been collected independently by Bankrate and has not been reviewed or approved by the issuer.

Written by
Holly D. Johnson
Author, Award-Winning Writer
Holly Johnson began her career working in the funeral industry, which may make you wonder why she works in personal finance now. Yet, the funeral industry taught the author everything she needs to know about the value of one's money and time. Johnson left the mortuary business a decade ago in order to explore her passion for personal finance and travel the world, and since then, she and her husband have built a debt-free lifestyle that has them on the path to retire very wealthy in their 40s. Holly's love of budgeting also led to the creation of her debt payoff book, “Zero Down Your Debt: Reclaim Your Income and Build a Life You’ll Love."