Capital One Spark Cash Select for Business

Capital One Spark Cash Select for Business

Capital One Spark Cash Select for Business

Rewards Rate
Unlimited 1.5% cash back
Sign-up Bonus
One-time $200 cash bonus once you spend $3,000 on purchases within 3 months from account opening
0% Intro APR
0% on purchases for 9 months, then 13.99% - 23.99% (Variable)
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's this card best for?

Business owners with excellent/good credit who want a hassle-free, flat-rate credit card for managing expenses and earning cash back should take a look at the Capital One Spark Cash Select for Business. There’s a $0 annual fee and no limit on the amount of cash back earned or spending categories to worry about.

Employee cards are free, plus there is an intro APR promotion of 0% on purchases for 9 months, after which a 13.99% - 23.99% (variable) APR will apply.

Card overview

    • Earn unlimited 1.5% cash back for your business on every purchase, everywhere, no limits or category restrictions
    • Earn a one-time $200 cash bonus once you spend $3,000 on purchases within the first 3 months from account opening
    • Save on interest with 0% intro APR on purchases for 9 months; 13.99% - 23.99% variable APR after that
    • No annual fee
    • Free employee cards, which also earn unlimited 1.5% cash back on all purchases
    • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
    • $0 Fraud Liability if your card is lost or stolen
    • No foreign transaction fees
  • Credit needed:
    680 850
    Excellent/Good
  • Free employee cards
  • Recurring transactions report
  • Merchant transaction details
  • Employee card spending limits
  • Roadside assistance
  • Rental collision coverage
  • Travel and emergency assistance
  • Extended warranty and purchase protection
  • Global Entry/TSA Pre credit
  • Lost luggage reimbursement

Intro Purchase APR

0% on purchases for 9 months

Intro BT APR

N/A

Annual Fee

$0

Regular Purchase APR

13.99% - 23.99% (Variable)

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

  • Easy to earn signup bonus
  • No limit on rewards earned
  • $0 annual fee
  • No blackout dates, seat restrictions for air travel
  • Intro purchase APR promotion

Cons

  • No elevated rewards rate on office expenditures
  • Low rewards earnings rate
  • Excellent/Good credit required

What we like

  • Annual fee

    For business owners who want a small business credit card to manage expenses and earn rewards, but don’t want to pay an annual fee, the Capital One Spark Cash Select for Business is a good choice – its annual fee is $0.

  • Intro APR for purchases

    Need to finance a big purchase for your business over time? Get an intro 0% on purchases for 9 months with this card. After, a 13.99% - 23.99% (variable) APR applies.

  • Employee cards

    Issue cards to employees at no additional cost and set customized spending limits.

  • Simple rewards structure

    Cardholders earn 1.5% cash back on every purchase. There’s no limit and rewards don’t expire as long as your account is open. Redemption options include statement credits, checks, credits for previous purchases, gift cards and more.

What to watch out for

  • Signup bonus

    The signup bonus on this card is nice, but not super generous. New cardholders earn a one-time $200 cash bonus once you spend $3,000 on purchases within 3 months from account opening

  • Rewards rate

    There are other business cards with higher cashback rewards rates. Earning 1.5% cash back on every purchase isn’t bad. However, it is possible to earn a higher rate on a business card with no annual fee – such as 5% back in certain categories or 2% back on everything up to an annual spending limit.

  • Redemption limitations

    This is a cashback card where your rewards can’t be redeemed for travel or transferred to any of Capital One’s airline or hotel transfer partners.

Alternate business cards

For business owners looking to earn cash back, two competing cards worth considering are the Capital One Spark Cash for Business and the Ink Business Unlimited® Credit Card, issued by Chase.

Like the Capital One Spark Cash Select for Business, the Ink Business Unlimited® Credit Card charges a $0 annual fee – and its cashback rate is the same.

However, the Ink Business Unlimited® Credit Card offers a more generous sign-up bonus: Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening.. Plus, a longer intro 0% APR promotion: 0% Intro APR on Purchases for 12 months (then a 13.24% - 19.24% variable APR will apply).

The Capital One Spark Cash for Business offers a higher cashback rate, but after year one, the annual fee kicks in ($0 intro for first year; $95 after that). The tipping point for when the higher rate outweighs the annual fee is around $20,000. At that point, you’ll net $305 in cash back with the Capital One Spark Cash for Business, while you’ll only net $300 with the Capital One Spark Cash Select for Business (not including any signup bonus you earn in year one).

Is this card right for you?

For business owners who don’t spend enough to make a card with an annual fee worth it, the Capital One Spark Cash Select for Business offers satisfactory rewards and valuable benefits. However, if you spend more in some categories than others, you might maximize your cash back with a card that offers higher cashback rewards in those categories – for example, the Ink Business Cash® Credit Card.

With the Ink Business Cash® Credit Card: 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.

The Capital One Spark Cash Select for Business does require excellent/good credit. If your credit is only fair/limited, you might have better approval odds with the Capital One® Spark® Classic for Business, which still earns cash back to the tune of 1% cash back on every purchase.

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