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

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
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LendingTree is an advertising-supported comparison service. The site features products from our partners as well as institutions which are not advertising partners. While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products. We are compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order).

Advertising Disclosure

LendingTree is an advertising-supported comparison service. The site features products from our partners as well as institutions which are not advertising partners. While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products. We are compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order).
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American Express Disclosure
Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.

American Express Disclosure

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.

Capital One Spark Classic for Business* Review

Updated on:
Content was accurate at the time of publication.
LendingTree's Review

How LendingTree Rates Credit Cards?

Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
4.3
Capital One Spark Classic for Business
Rewards Rate
Earn unlimited 1% cash back for your business on every purchase, everywhere, no limits or category restrictions. Plus, earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel
Extra Perks
No foreign transaction fees & complimentary fraud coverage
Regular Purchase APR
29.99% (Variable)
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It was not reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.
The information related to the Capital One Spark Classic for Business has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication.

Key Takeaway

The Capital One Spark Classic for Business card is a decent small business card that’s open to applicants with fair credit and has a $0 annual fee. However, there are other business credit cards with better benefits for business owners with higher credit scores.

Pros and cons

  • Accessible with fair credit
  • Earns cash back on every purchase
  • $0 annual fee
  • $0 foreign transaction fee
  • Low rewards rate
  • High interest rate
  • No sign-up bonus

Is the Capital One Spark Classic for Business worth it?

The Capital One Spark Classic for Business can be worth it for business owners who need to build credit, since you may qualify with fair credit. The Capital One Spark Classic for Business also has a $0 annual fee so the card won’t cost you anything.

It doesn’t have a very impressive rewards rate, but if you’re applying for this card, you should focus on building credit to qualify for more premium credit cards rather than earning rewards. If you have a good credit score and can qualify for other more lucrative credit cards, the Capital One Spark Classic for Business is probably not worth it for you.

Quick facts

    • Earn unlimited 1% cash back for your business on every purchase, everywhere, no limits or category restrictions. Plus, earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel
    • No annual fee
    • Build and strengthen credit for your business by using this credit card responsibly
    • $0 Fraud Liability if your card is lost or stolen
    • Free employee cards, which also earn unlimited 1% 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
    • No foreign transaction fees
  • Recommended Credit
    Credit scores ranges may vary. Your individual chance at approval may vary due to factors such as creditors using a particular variation at their discretion
  • 600 660
    Fair
  • Free employee cards
  • Set customized spending limits on employee cards
  • Lock your card or an employee’s if it has been misplaced, lost or stolen
  • Extended warranty
  • Pick your preferred monthly payment due date
  • Roadside assistance
  • $0 fraud liability
  • Access to virtual credit card numbers
  • Download purchase records in formats such as Quicken®, QuickBooks® and Excel®

Intro Purchase APR

N/A

Regular Purchase APR

29.99% (Variable)

Intro BT APR

N/A

Regular BT APR

29.99% (Variable)

Annual Fee

$0

Cash Advance Fee

Either $5 or 5% of the amount of each cash advance, whichever is greater

Foreign Transaction Fee

$0

Balance Transfer Fee

N/A

What we like about the Capital One Spark Classic for Business

  • Available to business owners with lower credit

    When you’re applying for a business credit card, your personal credit history and score can factor into whether you’re approved or denied. Most business cards require the applicant to have good to exceptional credit, meaning those with some blemishes on their credit reports might struggle to get approved.

    However, the Capital One Spark Classic for Business is accessible even if you have fair credit (generally considered to be a FICO® Score of 580 to 669 or a VantageScore® score of 601 to 660), making it more available to those who may not qualify for other business cards. The benefits are scarce on this card, but it can be used as a stepping stone toward more valuable cards for business owners working on rebuilding their credit.

  • Flat-rate cash back program

    The Capital One Spark Classic for Business lets you earn unlimited 1% cash back for your business on every purchase, everywhere, no limits or category restrictions. Plus, earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel. Since you earn a flat rate on all your spending, you don’t have to keep track of different rewards categories. Plus, there’s no cap on how much cash back you can earn, and your cash back doesn’t expire as long as your account is open and in good standing.

    While there are other cards that offer higher rewards rates, they generally have higher credit score requirements. Cards geared toward business owners with low credit scores often don’t offer any rewards.

  • No annual or foreign transaction fee

    With a $0 annual fee, you don’t have to pay just to carry this card. This is a major plus, since cards that target low-credit individuals often charge high annual fees. Also, The Capital One Spark Classic for Business is a good card to bring on business trips outside the United States, because it has a $0 foreign transaction fee.

What to watch out for with the Capital One Spark Classic for Business

  • Low cash back rate

    For a card aimed at applicants with fair credit, the Capital One Spark Classic for Business offers a decent rewards rate. But if your credit is good or better, you can likely get a business credit card with better rewards, like The American Express Blue Business Cash™ Card.

  • Expensive to carry a balance

    It’s always best to pay your credit card in full each billing cycle rather than rolling over a balance to avoid paying interest charges. But that’s especially important with the Capital One Spark Classic for Business, which has a high 29.99% (variable) APR — meaning any interest charges incurred are likely to be expensive.

  • No sign-up bonus

    If your credit is fair, it’s not a big deal that the Capital One Spark Classic for Business doesn’t offer a sign-up bonus — most cards geared toward this credit band don’t. However, if you have good to exceptional credit, it’s easy to find business credit cards with excellent sign-up bonuses. The Ink Business Preferred® Credit Card, Capital One Spark Cash Plus or the The American Express Blue Business Cash™ Card all have valuable welcome offers.

Capital One Spark Classic for Business vs. Business Advantage Unlimited Cash Rewards Secured credit card

| Disclosures
Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card*
Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card
Review Coming Soon
0% Introductory APR on purchases for the first 9 billing cycles
18.49% - 28.49% Variable APR
$0
Earn unlimited 1.5% cash back on all purchases everywhere, every time
  • Get a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening. 
  • Earn unlimited 1.5% cash back on all purchases. 
  • No annual cap and cash rewards don’t expire.  
  • No annual fee. 
  • You can earn up to 75% more cash back on every purchase, if you have a business checking account with Bank of America and qualify for our highest Preferred Rewards for Business tier. That means you could earn up to an unlimited 2.62% cash back on all purchases. 
  • Choose how to redeem your cash rewards – as a deposit into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you. 
  • 0% Introductory APR on purchases for the first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.49% to 28.49% will apply. 
  • Contactless Cards - the security of a chip card, with the convenience of a tap. 
  • This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
720 850
Excellent
*The information related to the Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply

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.

If your credit score is too low to qualify for the Capital One Spark Classic for Business, or if you want a more rewarding card, consider the Business Advantage Unlimited Cash Rewards Secured credit card. It’s a secured card, which means you’ll have to put down a minimum security deposit of $1,000, which will become your initial credit limit. But, like the Capital One Spark Classic for Business, it has a $0 annual fee, making it an affordable option for building business credit. Plus, with responsible usage over time, you may be eligible to transition to an unsecured credit card.

You’ll earn a higher rewards rate of unlimited 1.5% cash back on all purchases. It also has a slightly lower 18.49% - 28.49% Variable APR.

Capital One Spark Classic for Business vs. The American Express Blue Business Cash™ Card

| Disclosures
The American Express Blue Business Cash™ Card
The American Express Blue Business Cash™ Card
apply-now-icon Apply Now
on American Express's secure site
Rates & Fees
| Terms Apply
0% on purchases for 12 months from date of account opening
17.99% - 25.99% Variable
No annual fee
Earn 2% cash back on all eligible purchases on up to $50,000
  • Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
  • 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 17.99% - 25.99%, based on your creditworthiness and other factors as determined at the time of account opening. APRs will not exceed 29.99%
  • Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
  • From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
  • Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us and other factors.
  • No Annual Fee
  • Terms Apply.
660 720 850
Good / Excellent

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.

If you have good enough credit to apply for the The American Express Blue Business Cash™ Card, it’s likely to be a more rewarding option. This is because it has a generous welcome offer, comes with a higher rewards rate and also has better benefits, like a long introductory purchase APR.

You’ll earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months. Plus, it offers an attractive rewards rate: Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%.

Capital One Spark Classic for Business vs. Ink Business Unlimited® Credit Card

| Disclosures
Ink Business Unlimited® Credit Card
Ink Business Unlimited® Credit Card
apply-now-icon Apply Now
on Chase's secure site
0% Intro APR on Purchases for 12 months
18.49% - 24.49% Variable
$0
Earn unlimited 1.5% cash back on every purchase made for your business
  • Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase made for your business
  • No Annual Fee
  • Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
  • Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
  • Round-the-clock monitoring for unusual credit card purchases
  • With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
  • 0% introductory APR for 12 months on purchases
  • Member FDIC
660 720 850
Good / Excellent

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.

The Ink Business Unlimited® Credit Card is a fantastic $0 annual fee business card from Chase. It offers a flat earning structure like the Capital One Spark Classic for Business, but a much higher earning rate. You’ll earn unlimited 1.5% cash back on every purchase made for your business. You can also earn a valuable sign-up bonus: Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening.

Plus, it has an introductory APR offer on purchases that can help you finance a big business purchase.

The Ink Business Unlimited® Credit Card does require a high credit score to be approved, but if you can qualify for it and meet the spending target for the welcome bonus, it’s likely the better option for your business.

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

If you’re a business owner with fair credit, the Capital One Spark Classic for Business is an affordable business credit card with decent benefits that may be easier to qualify for. You’ll get a flat-rate cash back on every purchase. There’s a $0 annual fee and a $0 foreign transaction fee.

But, if you have good credit or higher, the Capital One Spark Classic for Business probably isn’t the credit card you’re looking for. There are other business cards that offer sign-up bonuses, 0% introductory APR periods and more lucrative rewards programs, like the Ink Business Unlimited® Credit Card.

Not the right card for you?

To see rates & fees for American Express cards mentioned on this page, visit the links provided below:

For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

The information related to the Capital One Spark Classic for Business, Business Advantage Unlimited Cash Rewards Secured credit card and Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.

The content above is not provided by any issuer. Any opinions expressed are those of LendingTree alone and have not been reviewed, approved, or otherwise endorsed by any issuer. The offers and/or promotions mentioned above may have changed, expired, or are no longer available. Check the issuer's website for more details.