GET.com's Review of Capital One® Spark® Cash Select for Business
|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|
- Earning unlimited 1.5% cash back could mean thousands of dollars each year going back into your business
- Plus, a one-time $200 cash bonus once you spend $3,000 on purchases within 3 months from account opening
- Save on interest with 0% intro APR on purchases for 9 months; 14.74% - 22.74% variable APR after that
- No annual fee
- Use Spark Cash Select across all your business spend, with no categories to limit your purchasing
- Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
- Get employee cards at no additional cost, and earn rewards from their business spend
- Intro APR
0% on purchases for 9 months
- Annual Fee
- Regular APR
14.74% - 22.74% (Variable)
- Credit Required
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 14.74% - 22.74% 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 from account opening. After spending $3,000 on purchases within 3 months from account opening, 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 14.74% - 22.74% variable APR on your purchases, depending on your creditworthiness.
Redeem your cash back easily. You will automatically receive a check every year with your cash rewards, or if you prefer, you may request your cash rewards 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 14.74% - 22.74% 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
|Regular APR:||18.74% (Variable)|
|Annual Fee:||$0 intro for first year; $95 after that|
|Credit Required:||Excellent, Good|
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 from account opening. You will also enjoy a 0% intro APR on purchases for 9 months (14.74% - 22.74% 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.See more Capital One credit cards.