|Highlights||Credit Card Feature|
|Things We Like||Signing bonus of a one-time $200 cash bonus|
|Our Least Favorite||No 0% introductory APR for balance transfers|
|Our Verdict||Great card to earn 1.5% cash back on all purchases|
Capital One® Spark® Cash Select for Business is a cash back business credit card issued by Capital One that not only offers cash back on all your purchases, but that also lets you earn a cash back bonus and enjoy a 0% intro APR on purchases for 9 months, with a 13.49% - 21.49% variable APR on purchases after that. This Visa card has a $0 annual fee, which allows you to benefit even more from the perks it offers.
Read on to find out the pros and cons about Capital One® Spark® Cash Select for Business card so that you know what you will benefit from and what you should watch out for.
Things We Like About Capital One® Spark® Cash Select for Business
$0 annual fee. For a $0 annual fee, you can enjoy all the card's benefits without worrying about additional cost. This card also has no foreign transaction fees.
Earn a one-time $200 cash bonus when you spend $3,000 on purchases within 3 months of approval. After spending $3,000 on purchases within 3 months of approval, you will receive a $200 bonus.
Earn 1.5% cash back on each net purchase you make. This card has an excellent cash back rewards program in which you earn 50% more cash back than what many other credit cards offer.
Earn unlimited cash rewards that don't expire. The cash back you earn with this card don't expire (unless you close your account) and there's no limit to the amount you can earn.
Enjoy a 0% intro APR on purchases for 9 months. You'll benefit from this 0% intro APR on purchases for 9 months. After this introductory APR period, you'll have a 13.49% - 21.49% variable APR on your purchases, depending on your creditworthiness.
Redeem your cash back anytime. You will automatically receive a check every year with your cash rewards, or if you prefer, you may request your cash rewards at any time by phone, or online.
$0 Fraud Liability. You won't be responsible to pay for fraudulent purchases if your card is ever lost or stolen. Keep in mind that this is subject to verification and investigation.
Get employee cards for no additional cost. You can apply for employee cards with which you'll be able to track their individual purchases on your monthly statement as well as set spending limits for each employee.
Receive a quarterly and year-end online summary of your purchases. This will help you have an organized summary that may help you when budgeting, planning, working on your tax report, and reviewing your purchase spending. Note that to receive this year-end summary, your account must be open and in good standing and have had at least one transaction in the calendar year.
Enjoy outstanding customer service. Capital One has an excellent customer service, which you will benefit from when using this credit card.
Enjoy additional Visa Business benefits such as Extended Protection, Travel and Emergency Assistance, Auto Rental Collision Damage Waiver, and 90-day Purchase Protection.
Our Least Favorite Things About Capital One® Spark® Cash Select for Business
No 0% introductory APR for balance transfers. Your balance transfer APR will be a 13.49% - 21.49% variable APR once you are approved for this card.
Your intro APR may expire early if you make a late payment (3 or more days after your payment due date). Remember that if you want to enjoy your introductory purchase APR, you should make your monthly payments on time so that your introductory period doesn't end before it should.
Your APR may increase if you make two late payments within 12 months. Be mindful of paying your bills by their due date if you don't want your APR to increase.
How Other Cards Compare With Capital One® Spark® Cash Select for Business
Capital One® Spark® Cash for Business is the high-end version of this card, and lets you earn unlimited 2% cash back on every purchase you charge to it, every day. That may be 25% more cash back than what you get with Capital One® Spark® Cash Select for Business, but you do pay an annual fee for that privilege ($0 intro annual fee for the first year, $59 after that). However, this card has a much higher welcome offer of a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months of approval. Surprisingly, this card doesn't have an introductory low APR period, which is a perk you do get with Capital One® Spark® Cash Select for Business (0% intro APR on purchases for 9 months, then 13.49% - 21.49% variable APR). If your business expenses are high, then using this card to pay for them will help you earn serious cash back. But if you prefer to avoid paying an annual fee, or if you want to benefit from an introductory APR offer, go with Capital One® Spark® Cash Select for Business instead. The business benefits are virtually identical.
Capital One® Spark® Classic for Business is the Spark to get if you only have fair credit. This card lets you earn 1% cash back on every purchase you charge to it, every day. It has a $0 annual fee, and gives you many of the same benefits you get with other Spark credit cards, including no foreign transaction fees, fraud coverage if your card is ever stolen or lost, and a suite of Spark business benefits. The high 23.49% variable APR is the biggest negative, and makes this card a poor choice if you are looking for a line of long-term credit.
Capital One® Spark® Cash Select for Business is a hassle-free credit card which lets you earn a high rate of cash back on all purchases charged to your account, and redeem that cash back quickly and easily whenever you choose. It also has one of the most attractive welcome offers available on a business credit card at this time.
Capital One® Spark® Cash Select for Business is a good cash back card for business owners who want to earn cash rewards on all their spending as well as enjoy additional benefits. With this card, you can earn a $200 bonus once you spend $3,000 on purchases with your card within 3 months of approval. You will also enjoy a 0% intro APR on purchases for 9 months (13.49% - 21.49% variable APR thereafter).
The thing I like most about this card is that you earn 1.5% cash back on all your purchases, which is more than what many other cards are currently offering in the US. Since cash rewards earned don't have a limit and they don't expire, you can accumulate your cash rewards and redeem them whenever you want, whether it's next month or next year.
If you want an easy way to control your business spending while earning rewards and benefiting from additional perks, Capital One® Spark® Cash Select for Business might be the card you're looking for.
Would you prefer a business credit card that gives you 2% cash back on every purchase, every day? If so, you might want to consider Capital One® Spark® Cash for Business, also issued by Capital One. You can read our review of Capital One® Spark® Cash for Business here.
Ivan Daniel is a writer at GET.com. Email: firstname.lastname@example.org.Editorial Disclosure: Any personal views and opinions expressed by the author in this article are the author's own and do not necessarily reflect the viewpoint of GET.com. The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities.
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