Compare it to the Capital One Spark Cash Select for Business
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. 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 for Business.
While the Capital One Spark Cash Select for Business earns a lower cashback rate – 1.5% cash back on every purchase – it comes with a $0 annual fee. It also offers an intro APR of 0% on purchases for 9 months. After, a 13.99% - 23.99% (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. At that point, you’ll earn enough with a 2% cashback card to recoup a $95 annual fee and beat out a 1.5% cashback card’s earnings. 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.