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).