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Capital One Spark Cash for Business Review

Capital One Spark Cash for Business Review

Rewards Rate
2% Cash Back for your business on every purchase, everywhere
Sign-up Bonus
Earn a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening
Rewards Redemption
Redeem cash back for any amount at any time
Edited by
Julie Sherrier
Reviewed by
Glen Luke Flanagan
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Who is the Capital One Spark Cash for Business best for?

The Capital One Spark Cash for Business may no longer be available.

The Capital One Spark Cash for Business is a great small business credit card that simplifies things by earning flat-rate cash back on every purchase. If you find that your business spending doesn’t fit neatly into the rewards categories of other cards, the Capital One Spark Cash for Business could be the right business card to manage your cash flow with.

Plus, while other flat-rate business cards might offer 1.5% back or 1.5 points per $1 spent, the Capital One Spark Cash for Business earns a higher flat rate. And business owners who travel abroad will benefit from the lack of a foreign transaction fee.

That said, this card charges an annual fee of $0 intro for first year; $95 after that.  It also doesn’t offer a 0% intro APR period, so if your business is looking to finance a big purchase interest-free for several months, you’ll want to consider other options.

Capital One Spark Cash for Business overview

    • Earn a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening
    • Earn unlimited 2% cash back for your business on every purchase, everywhere, no limits or category restrictions
    • Purchase above your credit limit with no hassle and no over-limit fees
    • $0 annual fee for the first year; $95 after that
    • Free employee cards, which also earn unlimited 2% cash back on all purchases
    • $0 Fraud Liability if your card is lost or stolen
    • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
    • No foreign transaction fees
  • Credit needed:
    680 850
    Excellent/Good
  • Free employee cards
  • Year-end summaries
  • Emergency card replacement
  • Roadside assistance
  • Travel assistance
  • Rental collision coverage
  • Up to $100 statement credit for Global Entry or TSA Precheck
  • Extended warranty protection
  • Foreign transaction fees: None

Intro Purchase APR

N/A

Regular Purchase APR

20.99% (Variable)

Intro BT APR

N/A

Regular BT APR

Not Offered

Annual Fee

$0 intro for first year; $95 after that

Cash Advance Fee

3% of the amount of the cash advance, but not less than $10

Foreign Transaction Fee

None

Balance Transfer Fee

N/A

Pros and cons

Pros

  • Flat-rate cashback rewards
  • Sign-up bonus
  • Annual fee waived the first year
  • Foreign transaction fee: None

Cons

  • Annual fee after the first year
  • No intro APR period

What we like about the Capital One Spark Cash for Business

  • Flat-rate cashback rewards

    The Capital One Spark Cash for Business offers 2% cash back for your business on every purchase, everywhere. This is a great flat rate for a small business credit card. Some competing business cards offer rewards in specific categories, such as travel or office supplies, but a flat-rate card is a better choice for when your spending doesn’t neatly fit into a few specific categories.

    Cash back earned with this card can be redeemed as a statement credit or a check. You can set up automatic redemption either at a set time each calendar year or when a specific threshold ($25, $50, $100 or $200) has been reached. Other redemption options include statement credit and gift cards. However, rates for these redemption options may vary and are subject to change without notice.

  • Sign-up bonus

    Earn a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening.

  • Annual fee waived the first year

    The annual fee for this card is $0 intro for first year; $95 after that. That means all the cash back you earn the first year is net money in the bank (as long as you don’t incur interest charges or other fees). And if you spend $4,750 a year on this card after the first year, you’ll earn enough cash back to recoup the amount of the annual fee.

  • Foreign transaction fee: None

    If your business requires travel outside the United States, you can take this card with you without worrying about an extra fee being tacked onto each purchase.

  • Travel assistance

    A wide range of emergency services when traveling, including ticket replacement, legal or medical referrals, are available to cardholders.

What to look out for with the Capital One Spark Cash for Business

  • Annual fee after the first year

    The Capital One Spark Cash for Business charges an annual fee of $0 intro for first year; $95 after that. While $95 a year isn’t that expensive, considering that business card annual fees can exceed $500, you may prefer a no-annual-fee card for your business.

  • No intro APR period

    There’s much to like about the Capital One Spark Cash for Business, but unfortunately, it does not offer an intro APR period. If you need time to pay off a big purchase, consider a card such as the American Express Blue Business Cash™ Card, which offers intro 0% on purchases for 12 months from date of account opening. After, a 15.49% - 23.49% variable APR applies.

To see rates & fees for the American Express Blue Business Cash™ Card please click here.

Alternative business card to the Capital One Spark Cash for Business

Compare it to the Capital One Spark Cash Select - $500 Cash Bonus

| Disclosures
Capital One Spark Cash Select - $500 Cash Bonus
Capital One Spark Cash Select - $500 Cash Bonus
on Capital One's secure site
N/A
14.74% - 20.74% (Variable)
$0
1.5% Cash Back on every purchase; 5% Cash Back on hotels and
  • Earn a $500 bonus when you spend $4,500 in the first 3 months of account opening
  • Earn unlimited 1.5% cash back for your business on every purchase, everywhere — with no limits or category restrictions
  • No annual fee
  • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel
  • Rewards won't expire for the life of the account
  • Redeem your cash back rewards for any amount
  • Free employee cards, which also earn unlimited 1.5% cash back on all purchases
  • $0 fraud liability if your card is lost or stolen
680 850

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

 

To recoup the Capital One Spark Cash for Business‘s annual fee ($0 intro for first year; $95 after that), your business needs to spend at least $4,750 a year (after the first year). If that doesn’t sound like a good fit, a better business card for your needs with similar features might be the Capital One Spark Cash Select - $500 Cash Bonus.

While the Capital One Spark Cash Select - $500 Cash Bonus earns a lower cashback rate – 1.5% cash back on every purchase; 5% cash back on hotels and rental cars booked through capital one travel – it comes with a $0 annual fee. It also offers an intro APR of N/A. After, a 14.74% - 20.74% (variable) APR applies. This can be helpful if you’re planning a big purchase, but need a few months to pay it off. The Capital One Spark Cash for Business does not offer an intro APR period.

If you’re debating which card is right for your business, the tipping point is right around a spend of $20,000 per year once the annual fee kicks in on the Capital One Spark Cash for Business. At that point, you’ll earn enough with a 2% cashback card to recoup a $95 annual fee ($400 minus $95 = $305) to beat out a 1.5% cashback card’s earnings ($300). But if you spend less than that each year, you’ll come out ahead with a 1.5% cashback card that charges no annual fee.

Keep in mind if you issue your employees cards, you’ll earn cash back on their spending too.

Compare the Capital One Spark Cash for Business to similar cards

Comparison of four different credit cards
Capital One Spark Cash for Business Capital One Spark Cash Select - $500 Cash Bonus American Express Blue Business Cash™ Card Ink Business Cash<sup>®</sup> Credit Card
Capital One Spark Cash for Business Capital One Spark Cash Select - $500 Cash Bonus American Express Blue Business Cash™ Card Ink Business Cash® Credit Card
Read Review
Apply Now
on Capital One's secure site
Apply Now
on American Express's secure site
Terms Apply
Apply Now
on Chase's secure site
Welcome Offer
Earn a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening $500 Cash Back once you spend $4,500 on purchases within the first 3 months from account opening $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening.
Rewards Rate
2% Cash Back for your business on every purchase, everywhere 1.5% Cash Back on every purchase; 5% Cash Back on hotels and rental cars booked through Capital One Travel Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1% Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone 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 card purchases with no limit to the amount you can earn.
Annual Fee
$0 intro for first year; $95 after that $0 No annual fee $0
Intro Purchase APR
N/A N/A 0% on purchases for 12 months from date of account opening 0% Intro APR on Purchases for 12 months
Regular APR
20.99% (Variable) 14.74% - 20.74% (Variable) 15.49% - 23.49% Variable 14.74% - 20.74% Variable
Recommended Credit
Excellent/Good Excellent Excellent/Good Excellent
Card Details
Capital One Spark Cash for Business Capital One Spark Cash Select - $500 Cash Bonus American Express Blue Business Cash™ Card Ink Business Cash® Credit Card

Is the Capital One Spark Cash for Business right for you?

The Capital One Spark Cash for Business is a good card for businesses that want to earn a high cash back rate on all purchases. It also comes with helpful benefits such as the ability to download your purchase records into multiple formats such as Quicken®, QuickBooks® and Excel®. Finally, if your card is issued as a Visa Signature® Business card, it will provide additional benefits such as access to the Visa Signature® Concierge service and the Visa Signature® Luxury Hotel Collection. Restrictions, limitations and exclusions may apply. Call the number on the back of your card for details.

The information related to the Capital One Spark Cash for Business has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication.