Capital One® Spark® Cash for Business review: Simple, unlimited cash back

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In a Nutshell

The Capital One® Spark® Cash for Business offers a simple 2% cash back benefit, with no limit on how much you can earn. There’s an annual fee after the first year — but depending on your spending, it may pay for itself.

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Pros Cons
Generous, simple rewards rate on all purchases No bonus rewards categories
Annual fee waived for the first year $95 annual fee after the first year
Good sign-up bonus
Free employee cards

 

From our partner

Capital One® Spark® Cash for Business

From cardholders in the last year

See Details, Rates & Fees

What you need to know about the Capital One® Spark® Cash for Business

The Capital One® Spark® Cash for Business comes with straightforward benefits that are easy to earn and redeem. Here’s what you need to know about the card.

2% cash back on purchases

If you’re looking for a simple business cash back card, the Capital One® Spark® Cash for Business delivers. It offers 2% cash back on all purchases, so there’s no need to keep track of categories. There’s also no limit on how much cash back you can earn, and the rewards don’t expire as long as your account is open.

The Capital One® Spark® Cash for Business also makes redemption easy. You can set your account to automatically redeem your cash back rewards at a set time each year or when your balance reaches a certain amount.

No bonus rewards categories

While a 2% cash back rate is a solid offer, depending on where you spend your money, you might be missing out on a bigger rewards. Some cards offer a higher cash back amount for spending in certain categories, like travel, office supplies or advertising.

If you find that your business spending falls into specific categories, you might consider choosing a card that rewards those categories at a higher rate.

There’s a nice sign-up bonus

The Capital One® Spark® Cash for Business offers a nice sign-up bonus for anyone who meets the spending requirements. If you spend $5,000 on purchases within your first three months after opening the account, you’ll earn a one-time $500 cash bonus.

And if you spend $50,000 total on purchases in the first six months after opening the account, you’ll earn an additional $1,500 cash bonus.

With the card’s annual fee waived for the first year, you can get that cash bonus and continue to earn cash back without having to pay for that additional cost of having the card (at least until year two).

Employee cards for no additional charge

Have employees that need to use the credit card? The Capital One® Spark® Cash for Business makes it easy. You can add employee cards for free and keep things in check by setting spending limits for each card.

Plus, you’ll earn 2% cash back for all the purchases your employees make with the card.

Annual fee

These rewards do come at a cost. The Capital One® Spark® Cash for Business charges an annual fee of $0 intro, $95 after first year. But don’t let the annual fee scare you off without first calculating whether it’s worth it for your business.

Do the math to see if you’ll still come out ahead after paying the annual fee. If your business spends at least $4,750 per year, you’ll earn enough in cash back rewards of offset the annual fee.

Other things you should know

The Capital One® Spark® Cash for Business offers some other bonus features that are designed to make life easier for entrepreneurs.

  • Travel with less worry. This card comes with roadside assistance, emergency travel-assistance services and no foreign transaction fees.
  • Streamline your bookkeeping. You can download purchase records into Quicken, QuickBooks and Excel formats.
  • Breath a little easier with your big purchases. This card offers purchase security, which helps protect your eligible purchases from theft or damage for the first 90 days after purchase — up to $10,000 per claim and $50,000 per cardholder.

Who this card is good for

The Capital One® Spark® Cash for Business is a great card for business spending across a broad range of categories. With 2% cash back on all purchases — and no limit to how much you can earn — you can rack up rewards quickly. If you spend enough to offset the annual fee, the cash back structure makes this card a simple win.

But remember, the cash back benefits are only helpful if you pay your full statement balance off by the due date each month.

Not sure this is the card for you? Consider these alternatives.

While the Capital One® Spark® Cash for Business is a good card for many business owners, here are some options that may be a better fit for your specific situation.