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Having a flat-rate rewards business credit card takes the work out of having to determine whether your purchases will earn extra rewards. The Capital One Spark Business credit card lineup is one of the most popular options as rewards are earned on every purchase, everywhere. Plus, there are no foreign transaction fees, so you can earn abroad and not worry.
New Capital One Spark Cash Plus earns $1,200 cash back after spending $30,000 in the first 3 months.
The Spark Business lineup comes with several options, including fee-free and low annual fee options to choose from. Let’s take a look to help you find the card that works for your business.
The information for the Capital One Spark Cash Select for Business (excellent credit), Capital One Spark Miles Select for Business, and the Capital One Spark Classic for Business has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.
Is Capital One Spark a Good Business Card?
Yes, Capital One Spark cards offer business owners an excellent option for earning rewards and maximizing their business spending. Before we dive deep into the review, let’s look at the different options Capital One has for businesses. Additionally, we’ve listed the credit card offers that are available for new cardholders to earn.
- The Capital One Spark Cash Plus: New Capital One Spark Cash Plus earns $1,200 cash back after spending $30,000 in the first 3 months.
- Capital One Spark Cash Select for Business (for excellent credit): Earn a $500 cash bonus after spending $4,500 in the first 3 months of account opening.
- The Capital One Spark Miles Select for Business: Earn a one-time bonus of 20,000 miles – equal to $200 in travel – once after spending $3,000 on purchases within the first 3 months from account opening.
- Capital One Spark Miles for Business: Earn 50,000 miles after spending $4,500 in the first 3 months of account opening.
- Capital One Spark Classic for Business: n/a
Learn more: Business Credit Cards
While other business credit cards (like the Chase business credit cards and American Express business cards) might offer more points, you might not benefit from the extra points if you don’t make enough of those purchases.
Capital One Spark Business Credit Card Purchase Rewards
So, what is the best Capital One Spark Business credit card for your business spending? The Spark Business credit card options and their purchase rewards include:
- The Capital One Spark Cash Plus: Earn unlimited 2% cash back on every purchase, everywhere—with no limits or category restrictions; earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel
- Capital One Spark Cash Select for Business (for those with excellent credit): Unlimited 1.5% cash back on every purchase, every day; 5% cash back on hotels and rental cars booked through Capital One Travel
- Capital One Spark Miles for Business: Unlimited 2x miles per $1 on every purchase, every day
- Spark Miles Select for Business: Unlimited 1.5x miles per $1 on every purchase, every day
- Capital One Spark Classic for Business: Build your business credit and earn unlimited 1% cash back on every purchase, every day
With different Spark business credit cards to choose from, it might be confusing which is the best Capital One business card. To help, let’s look at cash back vs miles to see what might work out better for your business.
Learn more: Business Credit Cards
What is a Capital One Spark Card?
Capital One Spark cards are business credit cards that either offer travel miles/rewards or cashback perks. Do you want to earn cash back statement credits or miles for travel? Your rewards are worth 1 cent (1,000 points = $10) with either redemption option, so it comes down to your personal preference—cash or travel credits.
Of the Spark credit cards, four offer cash-back rewards (the Spark Cash Select cards, Spark Cash Plus, and the Spark Classic). The other two reward miles (the Spark Miles and Spark Miles Select).
Is the Capital One Spark Hard to Get?
As long as you have a good personal credit score, the Capital One Spark won’t be too hard to get approval for your sole proprietorship or incorporated business. The Capital One Spark Miles for Business has an intro annual fee of $0, then $95 after that. The Capital One Spark Cash Plus has an annual fee of $150. The remaining cards have a $0 annual fee.
None of the Capital One business or consumer cards charge a foreign transaction fee.
What credit score is needed for a Capital One business card?
Aside from the Spark Classic and the Spark Cash Select, all of the Capital One business credit cards require excellent credit, typically a credit score of at least 740. The Spark Classic requires a fair credit score while the Spark Cash Select requires a good score.
Related: Capital One Spark Business Cards Approval Odds
Are the Capital One Spark Business Cards Worth the Annual Fee?
Is the $95 annual fee worth it? You’ll need to spend at least $5,000 a year just to have the purchase rewards pay the $95 annual fee. If you’re right around the $5,000 annual spending mark, you will be better off going with one of the no-annual-fee cards to profit 100% from the purchase rewards.
Perks of the Capital One Spark Business Cards
Some perks that all of the Capital One Spark business cards offer include ways to keep your business accounts in order. Purchase records, year-end summaries, and transaction details are all part of the benefits. Account access, Capital One support, and Eno (the Capital One digital account assistant) are also available as well as fraud alerts and extended warranties on select items.
Free employee cards with spending limits are also available.
Related: The Best Business Checking Accounts for Use
Redeeming Capital One Spark Rewards Points
The redemption options for your Spark Classic, Spark Cash Select cards, or Spark Cash Plus are straightforward. You redeem your points for statement credits, which reduces your monthly statement balance. A penny saved is a penny earned.
You have a little more flexibility with the Spark Miles and Spark Miles Select as you have some redemption options:
- Book award travel through the Capital One travel portal powered by Orbitz
- With your Spark Miles card, you may be able to transfer miles to one of the 15+ participating partners
- Use the Capital One purchase eraser to receive travel statement credit on previous travel purchases
- You may also be able to redeem your miles through Capital One Travel or get reimbursed for travel expenses made with your card within 90 days of purchase
Both of these options are a valuable way to redeem your miles for one cent each for award travel. Additionally, Spark Miles for Business cardholders can get more value out of their card. They can enjoy Capital One’s new airport lounges as well as their travel transfer partners, including select hotels.
Still, you may consider other business options if you are looking for business cards for airline miles.
Pros of Capital One Spark Cash Family of Cards
For many businesses, the Spark Cash cards are an enticing offer compared to other Spark Business cards. You might consider the Capital One Spark Cash cards for these reasons:
- Earn at least 1.5% cash back for your business on every purchase, everywhere
- No limits on how much can be earned
- There are no special categories to “activate”
- No foreign transaction fee
The biggest appeal of the Capital One Spark Cash for Business is that you can earn more than 1% on purchases that other rewards credit cards consider non-bonus spending. If your business doesn’t spend a lot on advertising purchases, business travel, or office supply purchases—the most common business credit card bonus categories—then the flat-rate Spark Cash credit cards are an attractive option.
Related: The GM Business Card: Perfect for Business Road Trips
Cons of Capital One Spark Cash Family of Cards
Here’s why you might avoid the Capital One Spark Cash cards:
- Can only earn cash rewards
- Not many additional benefits add value to the annual fee cards
However, only being able to earn at least 1.5% on every purchase might not be worth the hassle if your business spending can maximize the bonus categories of other business credit cards.
No foreign transaction fee is enticing, even on the Spark Select. However, it still might not be enough to sway your opinion.
No Annual Fee Capital One Spark Business Cards
If you want a no-annual-fee business credit card, you have three different choices with the Capital One Spark:
- Spark Classic
- Spark Cash Select
- The Spark Miles Select
With the Spark Classic, you’ll earn 1% back on every purchase. This card is recommended for those with fair credit in the 600 range.
If you have excellent credit, you can earn 1.5 points per $1 spent with the Cash Select or 1.5x miles per $1 spent with the Miles Select. With the Cash Select, you’ll get $1.50 in cash rewards for every $100 you spend. Opting for the Miles Select will give you $1.50 in travel credit for every $100 in card purchases.
Capital One defines excellent credit as:
- Never declaring bankruptcy or defaulting on a road
- Not being more than 60 days late on a credit card, loan, or medical bill within the last year
- Had a loan or credit with a credit limit above $5,000
Related: Is CardMatch The First Place To Look Before Applying For a Credit Card?
Sign-Up Bonuses on All the Capital One Spark Business Cards
- The Capital One Spark Cash Plus: New Capital One Spark Cash Plus earns $1,200 cash back after spending $30,000 in the first 3 months.
- Capital One Spark Cash Select for Business (with excellent credit): Earn a $500 cash bonus after spending $4,500 in the first 3 months of account opening.
- The Capital One Spark Miles Select for Business: Earn a one-time bonus of 20,000 miles – equal to $200 in travel – once after spending $3,000 on purchases within the first 3 months from account opening.
- Capital One Spark Miles for Business: Earn 50,000 miles after spending $4,500 in the first 3 months of account opening.
- Capital One Spark Classic for Business: n/a
Learn more: Business Credit Cards
The Best Capital One Spark Business Card Alternative
Maybe you like the 2% purchase rewards but want additional benefits to justify the annual fee. The Ink Business Preferred® Credit Card is possibly the best alternative business credit card with a $95 annual fee.
With the Ink Business Preferred Credit Card, you can earn up to 3x points per $1 on the most common business and travel purchases. Although you’ll only earn 1 point per $1 on all base purchases, you’ll get these two additional benefits:
- Points are worth 1.25 cents each when redeemed for travel (1 cent each for statement credits)
- Can transfer points on a 1:1 basis to airline and hotel loyalty programs
You may want to view our comparison of the Capital One Spark vs Chase Ink Business Preferred to see how these cards differ.
Plus, if you own a personal Chase credit card that earns Chase Ultimate Rewards® points, you can pool your points to earn award travel sooner with the best Chase credit cards.
Summary of Capital One Spark Business Cards
In conclusion, Capital One Bank offers some enticing business cards that are fairly simple to use, thanks to the ability to earn unlimited rewards. They are pretty straightforward. They have reasonable (or no) annual fees, making them easy options to carry in your wallet. Plus, having no foreign transaction fee on your card is an added bonus to the Capital One Spark Business cards.
Learn more: Business Credit Cards
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