The best Capital One® Spark® business credit cards

best-capital-one-spark-business-credit-cardImage: best-capital-one-spark-business-credit-card

In a Nutshell

Capital One offers multiple cash back business credit cards. Read on for our three favorite business credit cards from Capital One. Calculate your potential net earnings to figure out if one of these cards could be a good fit for your business.
Louis DeNicola is a personal finance writer and has written for American Express and Discover. Editorial Note: Credit Karma receives compensation from third-party advertisers, but that doesn’t affect our editors’ opinions. Our marketing partners don’t review, approve or endorse our editorial content. It’s accurate to the best of our knowledge when posted.
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These offers are no longer available on our site: Capital One® Spark® Cash for Business, Capital One® Spark® Cash Select for Business, Capital One® Spark® Classic for Business, Ink Business Preferred® Credit Card, Bank of America® Business Advantage Travel Rewards World Mastercard® credit card

You can earn rewards with these three Capital One® Spark® cash back cards. The “best” card for you will largely depend on how much you spend and your credit.

A cash back business credit card could help you earn cash back on your business purchases. You could then reinvest the cash back you earn into your business or take it out to help pay for business expenses.

Capital One offers three cash back cards for businesses. The Capital One® Spark® Cash for Business  may be best for business owners who spend more and can offset the annual fee each year, and the  Capital One® Spark® Cash Select for Business is a good option for business owners who don’t want to hassle with an annual fee. If you don’t qualify for the latter two though, you may want to consider the Capital One® Spark® Classic for Business .­­­­

At a glance: Capital One® Spark® Cash for Business vs. Capital One® Spark® Cash Select for Business vs. Capital One® Spark® Classic for Business 

  Capital One® Spark® Cash for Business Capital One® Spark® Cash Select for Business Capital One® Spark® Classic for Business
Annual fee $0 intro, $95 after first year $0 $0
Sign-up bonus $500 cash bonus after spending $4,500 on purchases within 3 months of account opening $200 cash bonus after making $3,000 in purchases within 3 months of account opening None
Rewards 2% cash back on purchases 1.5% cash back on purchases 1% cash back on purchases
Variable APR for purchases 20.99% 0% introductory APR on purchases for 9 months from account opening (then 13.99% – 23.99% variable APR for purchases after the intro period) 26.99%
Credit requirement (according to Capital One) Excellent credit Excellent credit Fair credit
Other benefits
  • No foreign transaction fee
  • Free employee cards
  • No foreign transaction fee
  • Free employee cards
  • No foreign transaction fee
  • Free employee cards

  1. Best for sign-up bonus: Capital One® Spark® Cash for Business
  2. Best for rewards value: Capital One® Spark® Cash for Business
  3. Best for annual fee: Capital One® Spark® Cash Select for Business
  4. Best for card benefits: Tie
  5. Heads up: What to consider when applying for a business credit card
  6. Bottom line: Which card is right for you?

Best for sign-up bonus: Capital One® Spark® Cash for Business

The Capital One® Spark® Classic for Business doesn’t have a sign-up bonus, but both the Capital One® Spark® Cash for Business and Capital One® Spark® Cash Select for Business offer new cardholders an opportunity to get bonus cash back.

The Capital One® Spark® Cash for Business has the best offer. You’ll earn a $500 cash bonus after spending $4,500 on purchases in the first 3 months after opening your account.

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Best for rewards value: Capital One® Spark® Cash for Business

Each of these three Capital One® Spark® cash back cards offer a flat rate for cash back on purchases, meaning you get the same amount of rewards no matter where you shop. Some other cash back business credit cards offer different cash back rates depending on where you make purchases, but it can take a little more work to maximize cash back than with a no-fuss, flat-rate cash back card.

The Capital One® Spark® Cash for Business credit card may be a good fit for anyone who wants to earn a flat 2% on their purchases without worrying about bonus categories or limits.

Plus the Capital One® Spark® Cash for Business has the highest earnings rate of these three cards. But watch out for the annual fee: $0 intro, $95 after first year. If you don’t spend enough to offset that cost, the 2% cash back may not be worth it.

The Capital One® Spark® Cash Select for Business is the runner-up with 1.5% cash back on purchases, while the Capital One® Spark® Classic for Business only offers 1% cash back on purchases.

What about when you’re ready to redeem your cash back rewards?

Each of these Capital One® Spark® cash back cards lets you redeem for a statement credit or check with no minimum. And you can also set up automatic redemptions at a set time each calendar year or based on how much cash back you accrue. You may also be able to redeem your cash back credits for previous purchases or gifts cards.

Best for annual fee: Capital One® Spark® Cash Select for Business

Although a card’s cash back rewards rate is important, consider your potential net earnings after factoring in each card’s annual fee.

Neither the Capital One® Spark® Cash Select for Business nor the Capital One® Spark® Classic for Business has an annual fee, so the former’s higher earning rate could be the deciding factor for many business owners.

The Capital One® Spark® Cash for Business offers 2% cash back on purchases but with an annual fee of $0 intro, $95 after first year. You’ll have to make at least $4,750 worth of purchases each year to offset its annual fee after the first year.

If you don’t anticipate making that many purchases, the Capital One® Spark® Cash Select for Business could be a better pick.

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If you don’t qualify for the Capital One® Spark® Cash Select for Business, you may want to consider the Capital One® Spark® Classic for Business.

Best for card benefits: Tie

Aside from the cash back earnings rates, annual fees and promotional APRs, these three Capital One® Spark® cards have similar benefits. These include …

  • No foreign transaction fee: You won’t have to pay a fee if you make purchases while traveling outside the U.S.
  • Free employee cards: You can add employee cards to your account, track purchases and earn cash back when they use their cards.
  • Extended protection: Adds to the original manufacturer’s warranty on eligible items purchased with your card.
  • Annual summary: Receive an itemized report that summarizes the spending on your business and employee credit cards.

Heads up: What to consider when applying for a business credit card

A business credit card could help business owners manage cash flow, track employee purchases and earn rewards. But consider the following before applying for one of these Capital One® Spark® cash back cards.

You may not qualify for every card

According to Capital One, the Capital One® Spark® Cash for Business and Capital One® Spark® Cash Select for Business require excellent credit. Your credit scores may be a factor, but Capital One also considers other factors. For example, when determining whether you meet its definition of excellent credit, Capital One says they also consider whether you’ve had a loan or credit card with a credit limit or balance of more than $5,000 for three or more years.

If you’ve defaulted on a credit obligation in the previous five years or are new to credit, you may instead qualify for the Capital One® Spark® Classic for Business.

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And if you’ve defaulted on a loan or recently declared bankruptcy, you might not qualify for that card either.

Which card or program is the best fit for you?

These Capital One® Spark® business credit cards may appeal to those who want a simple cash back program.

But if you fly a specific airline often or want to get a higher rate of return, you might want to consider a travel credit card.

Even if you’re not a frequent traveler, depending on your business purchases, you may be able to earn more cash back using a business card that offers bonus cash back on purchases in specific categories.


Bottom line: Which card is right for you?

Opening and using a business credit card could help you earn rewards on purchases you’re going to make anyway. But, as with personal credit cards, you’ll want to compare your options to find the card that best fits your specific situation.

These three Capital One® Spark® cash back cards offer business owners a simple cash back rewards structure and other cardholder benefits. Calculate your potential net earnings with each — and check your credit — before applying.

Undecided? Here are three different business cards to consider.

Varied purchases and flexible rewards Ink Business Preferred® Credit Card
Luxury accommodations for business travelers The Business Platinum Card® from American Express
Travel for business owners with a medium-size business Bank of America® Business Advantage Travel Rewards World Mastercard® credit card

About the author: Louis DeNicola is a personal finance writer and has written for American Express, Discover and Nova Credit. In addition to being a contributing writer at Credit Karma, you can find his w… Read more.