This offer is no longer available on our site: Capital One Spark Cash Select for Good Credit

1. Credit Cards
2. Insights
3. Capital One Spark 1.5% Cash Select for Good Credit review

Image: image_62b052

0

reviews

 

Rating: 0 out of 5.

Annual Fee: $0

This content is curated by Intuit Credit Karma’s Editorial team using data from members who were approved for this card or similar cards, or who self-matched this card or similar cards. Intuit Credit Karma receives compensation from third-party advertisers, but that doesn’t affect our editors’ opinions. Our third-party advertisers don’t review, approve or endorse this content. Information about financial products not offered on Credit Karma is collected independently. Our content is accurate to the best of our knowledge when posted.

Here’s the average credit limit of members who matched their Capital One Spark 1.5% Cash Select for Good Credit or similar cards.

% of members by credit limit range

The average credit limit for members who have matched with this card or similar cards is $8,029, with $5,000 being the most common.

Here’s the average credit score of members who matched their Capital One Spark 1.5% Cash Select for Good Credit or similar cards.

% of members by credit score range

The average credit score for members who have matched with this card or similar cards is 665, with 759 being the most common. Note this is just one of the deciding factors when it comes to getting approved.

Member stats

Updated daily

35.3%

Average credit utilization (or what percent of the card’s credit limit is being used) of members who matched with this card or similar cards.

49 years

Average age of members who matched this card or similar cards.

$102,668

Average annual income of members who matched this card or similar cards. Note: Income may be estimated for some members by Credit Karma and may differ from members’ actual incomes.

Pros and cons

Image: yes

Simple cash back earnings

Image: yes

No annual fee

Image: yes

Intro purchase APR

Image: Con

Limited bonus rewards categories

What you need to know about the Capital One Spark 1.5% Cash Select for Good Credit

The Capital One Spark 1.5% Cash Select for Good Credit (previously the Capital One Spark Cash Select for Good Credit) offers a simple cash back rewards program that many business owners could love. Here’s what you need to know about the card.

1.5% cash back on purchases

With the Capital One Spark 1.5% Cash Select for Good Credit, purchases earn 1.5% cash back. You’ll also get 5% back on hotels and car rentals purchased through Capital One Travel. With a decent earning rate of 1.5%, there’s no need to worry too much about specific spending categories. Businesses can earn cash back on all net purchases made using their Capital One card.

Cash back rewards add up quickly with the Capital One Spark 1.5% Cash Select for Good Credit. If your business spends $6,000 in credit card purchases monthly, you’ll earn back $90 per month, which adds up to $1,080 cash back annually. You can invest those rewards back into your company.

There’s no limit on how much you can earn with Capital One Spark 1.5% Cash Select for Good Credit. Plus, as long as your account is open, your rewards never expire.

Note that cash advances and balance transfers don’t earn any rewards.

Redeeming your rewards is simple with Capital One. Redemptions come in the form of a statement credit or check. Business owners even have the option to set automatic redemption preferences.

No annual fee

Earning rewards is great, but earning them without paying for the privilege is even better. The Capital One Spark 1.5% Cash Select for Good Credit charges no annual fee. So there’s no need to sacrifice your rewards to pay off a fee every year.

Intro purchase APR offer

Businesses that are planning upgrades to equipment or that have large upcoming expenses could take advantage of Capital One’s intro purchase APR offer. There’s an introductory 0% APR on purchases for the first 12 months from account opening. After that, the purchase APR jumps to a variable 21.24% – 29.24%.

It’s important to note that any purchases not paid off by the end of the intro period will incur the regular APR. Not paying off your card balance could cancel out the benefit of any cash back you might earn through purchases made.

Other things you should know

The Capital One Spark 1.5% Cash Select for Good Credit has some additional features your business may want to consider before you decide whether to apply.

• No foreign transaction fees — Travel abroad without any worries about these extra charges for purchases.
• Capital One small business benefits — Capital One Spark Business cards allow you to track company spending with year-end summaries, purchase records and more. Business owners can also pick their monthly due date and view details on every purchase transaction.
• Free employee cards — Earn even more cash back by providing employees with free employee credit cards to use for business purchases.
• Credit — Good credit is required to qualify for this card. Be sure you understand business credit scores, your personal credit scores and where you and your business stand before applying.

Who this card is good for

The Capital One Spark 1.5% Cash Select for Good Credit could be a perfect fit for small businesses with diverse spending habits. With 1.5% cash back on all purchases, this card has a simple rewards program that means you don’t have to worry about juggling cards to maximize rewards.

The card also offers extra travel perks, like roadside assistance. Rewards redemption is fairly easy though — cash back comes in the form of a statement credit or check, and you can even set up automatic redemption.

If your business spends a lot in categories like office supplies, dining or gas, consider a business credit card that earns higher rewards in dedicated categories that make sense for your spending.

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

If the Capital One Spark 1.5% Cash Select for Good Credit isn’t right for you, here are some options that may be a better fit.

• Ink Business Preferred® Credit Card: This Chase business card is perfect for companies that travel or spend money on online advertising.
• American Express® Business Gold Card: Businesses with big spending on everyday business expenses can maximize rewards earning with this Amex card.
• Capital One Spark 1% Classic: Small-businesses owners building their credit may qualify for this card, which lets them work on their credit while earning rewards.