5 of the best Capital One business credit cards for 2020

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If you’re a Capital One credit card loyalist and are interested in a new business credit card, you’re in luck. Bankrate has rounded up five great options that highlight the best Capital One business credit cards based on cash back potential, introductory APR offers, travel needs or credit type.

Bankrate’s list of the best Capital One business credit cards

  • Best for cash back rewards: Capital One® Spark® Cash for Business
  • Best for frequent travelers: Capital One® Spark® Miles for Business
  • Best for casual travelers: Capital One® Spark® Miles Select for Business
  • Best for average credit: Capital One® Spark® Classic for Business
  • Best for paying off purchases: Capital One® Spark® Cash Select for Business

Capital One® Spark® Cash for Business

Rewards:

  • Unlimited 2 percent cash back on every purchase

Welcome bonus: $500 when you spend at least $4,500 in your first three months

Annual fee: $0 for the first year; $95 after that

Why it’s the best Capital One business card for cash back

With the Capital One® Spark® Cash for Business, your business’ rewards potential is unlimited. The card is one of the best cash back business credit card options available from Capital One thanks to its 2 percent cash back on every purchase. That means no matter what your business spends on, you’re set to earn an unlimited 2 percent cash back for those purchases.

The card doesn’t cost anything to own for the first year and its welcome bonus is pretty easily obtainable considering employee cards earn rewards: Spend $1,500 a month during the first three months to earn $500 in cash back. If your business does, in fact, spend $1,500 a month, you’re looking at $360 in cash back earned by the end of your first year (or $860 including the card’s welcome bonus).

Should your business do any international travel, you’ll be pleased to know the Spark Cash for Business doesn’t charge foreign transaction fees. It also offers Visa® Business Benefits — like emergency card replacement, auto rental damage waiver, purchase security and extended purchase protection — and protects you against fraudulent purchases charged to your account. Lastly, main cardholders can set spending limits and review transactions for employee cards.

Capital One® Spark® Miles for Business

Rewards:

  • Unlimited 2X miles on every purchase
  • 5X miles on hotel and rental car bookings through Capital One Travel℠

Welcome bonus: 50,000 bonus miles when you spend $4,500 in the first 3 months of account opening (equal to $500 in travel)

Annual fee: $0 for the first year; $95 after that

Why it’s the best Capital One business card for frequent travelers

The Capital One® Spark® Miles for Business is one of two mile-earning travel credit cards that Capital One has to offer. If your small business requires frequent traveling and could benefit from travel credits, the Spark Miles for Business is the best choice for you.

For a $95 annual fee (waived the first year), the Spark Miles for Business can earn your business 36,000 Capital One Miles a year for spending $1,500 a month in the 2X category. Doing so also qualifies you for the card’s welcome bonus, bringing your first year earnings to 86,000 miles. When redeemed for travel through Capital One Travel℠, your rewards are worth $860; you can also transfer miles to one of Capital One’s 16 travel partners. If your business spends an extra $500 a month on hotel and rental car bookings (booked through Capital One Travel℠), that’s an additional 30,000 miles for the year, equal to $300 in travel.

Perhaps the shiniest perk of the Spark Miles for Business is its offer of up to a $100 credit for Global Entry or TSA PreCheck® when you use your card to pay for the application fee.

Similar to other Capital One credit cards, you’ll receive fraud, travel, purchase protection and employee access benefits and won’t be charged foreign transaction fees on purchases made abroad.

Capital One® Spark® Miles Select for Business

Rewards:

  • Unlimited 1.5X miles on every purchase
  • 5X miles on hotel and rental car bookings through Capital One Travel℠

Welcome bonus: 20,000 miles when you spend $3,000 in your first three months of card ownership (worth $200 in travel)

Annual fee: $0

Why it’s the best Capital One business card for casual travelers

The Capital One® Spark® Miles Select for Business card’s unlimited 1.5X miles rewards rate is best for small businesses with occasional travel needs.

Unlike its sister card, the Spark Miles Select for Business doesn’t charge an annual fee and offers a zero percent introductory APR on purchases for nine months (14.49 percent to 22.49 percent variable APR after).

By spending $1,500 a month, your small business can earn 27,000 miles in 12 months. This spending also qualifies you for the card’s welcome bonus, bringing you to 47,000 miles earned your first year (worth $470 in travel). You can earn an additional 30,000 miles for the year (worth $300 in travel) by spending $500 a month on hotel and rental car bookings through Capital One Travel℠.

The card includes the same fraud, travel, purchase protection and employee access benefits as other Capital One business cards, as well as no foreign transaction fees.

Capital One® Spark® Classic for Business

Rewards:

  • 1 percent cash back on every purchase for your business

Welcome bonus: None

Annual fee: $0

Why it’s the best Capital One business card for average credit

Just because your business has average credit (a score between 580 and 740) doesn’t mean you can’t earn rewards for your business’ purchases.

The Capital One® Spark® Classic for Business offers 1 percent cash back on all spending and doesn’t charge an annual fee. Additionally, you’ll receive the same Visa® Business Benefits as other Capital One business cards.

By spending $1,500 a month on the card, you can earn $180 in cash back by the end of your first year. The card doesn’t offer a welcome bonus for hitting a specific spending threshold, but the sheer ability to earn rewards with the card and build credit can help your business hopefully upgrade to a more premium business card in the future.

Capital One® Spark® Cash Select for Business

Rewards:

  • Unlimited 1.5 percent cash back on all purchases

Welcome bonus: $200 cash bonus when you spend $3,000 on purchases within the first 3 months from account opening

Annual fee: $0

Why it’s the best Capital One business card for paying off purchases

The Capital One® Spark® Cash Select for Business is the only Capital One business card that offers both cash back rewards and an introductory APR on purchases.

With the Spark Cash Select for Business, you’ll earn 1.5 percent cash back on every purchase you make and receive an introductory zero percent APR on purchases for nine months (14.49 percent to 22.49 percent variable APR after).

This card is the best option for you if you both anticipate a large purchase in the near future (perhaps to get your new business off the ground) and prefer cash back rewards.

If you spend $1,500 a month with the Spark Cash Select for Business, you’ll earn $270 in cash back for the year. When you include the welcome bonus you’ll qualify for, that’s $470 in cash back earned by the end of your first year.

Just like other Capital One business cards, you’ll receive travel, fraud, purchase protection and employee access benefits and won’t be charged foreign transaction fees.

Frequently asked questions about Capital One business cards

What benefits do all Capital One business credit cards share?

All Capital One small business credit cards offer:

  • The option choose your own monthly bill due date
  • Free employee cards and the ability to set spending limits and track transactions
  • Zero dollar fraud liability and fraud and security alerts
  • Extended warranty and purchase protection
  • Travel and emergency assistance services
  • Auto rental collision damage waiver
  • No foreign transaction fees

For more in-depth information, read Capital One’s guide to Visa Business Card benefits.

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

Capital One offers business credit cards for those with average to excellent credit. Here are the credit scores needed for each card:

  • Spark Cash for Business: Good to excellent credit (670 to 850)
  • Spark Miles for Business: Good to excellent credit
  • Spark Miles Select for Business: Good to excellent credit
  • Spark Classic for Business: Fair to good credit (580 to 740)
  • Spark Cash Select for Business: Good to excellent credit