|Highlights||Credit Card Feature|
|Things We Like||Signing bonus of a one-time $500 cash bonus|
|Our Least Favorite||$0 intro annual fee for the first year, $95 after that|
|Our Verdict||Great card to earn 2% cash back on all purchases|
- Earning unlimited 2% cash back could mean thousands of dollars each year going back into your business
- Plus, a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening
- Use Spark Cash across all your business spend, with no categories to limit your purchasing
- $0 intro annual fee for the first year; $95 after that
- 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
- Annual Fee
$0 intro for first year; $95 after that
- Regular APR
- Credit Required
Capital One® Spark® Cash for Business is a cash back business credit card issued by Capital One for business owners who want to earn rewards on their day-to-day spending. This Visa card offers a big one-time bonus as well as 2% cash back on all your spending.
Here is a detailed review of the features I like best about Capital One® Spark® Cash for Business as well as the things we dislike about it so that you can make an informed decision when choosing a credit card for your business.
Things We Like About Capital One® Spark® Cash for Business
$0 intro annual fee for the first year, $95 after that. During the first year, you will enjoy all of the benefits this card offers for $0 annual fee.
You earn a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening. This is a one-time bonus offer for new card members!
You earn 2% cash back on all purchases. That's a fantastic flat rate of cash back on all purchases. You can pretty much count on getting 2% of your business spending as cash back which you can use towards savings or profits.
You can earn unlimited cash rewards that don't expire. For your convenience, you will receive a check every year on the anniversary of your rewards membership. But if you would like to get it sooner, you can get your cash back any time you want by redeeming online or calling the Rewards Center.
You get a year-end summary of your spending which will help you when you plan your purchases, and also help you with your budgeting and tax filing.
You can download purchase records. Your purchase records can easily and securely be download in multiple formats, including Excel, Quicken and QuickBooks. That makes keeping track of your spending and keeping accounts a lot easier, compared to getting just paper statements.
$0 Fraud Liability. You won't be liable to pay for fraudulent purchases made with your card if it gets lost or stolen. This is a big benefit because card issuers are not required to limit your liability for fraudulent transactions on a business credit card, as they are with consumer credit cards.
Enjoy award-winning small business customer service which is available 24/7 to help and assist you with your business needs.
Employee cards have no additional cost. Your employee cards don't have any added cost and you can set spending limits for each individual employee and track the purchases they make each month on your monthly statement.
You get travel benefits. When you use this card to pay for purchases in a foreign currency (on an international business trip, for example) you don't pay a foreign transaction fee to Capital One. Plus, your protected by an auto rental collision damage waiver program, travel and emergency assistance when your vehicles are on the road.
You get shopping protection benefits like extended protection and 90-day purchase protection, just by using this card to pay.
Our Least Favorite Things About Capital One® Spark® Cash for Business
After the first year, you must pay an annual fee. There is a $0 intro annual fee for the first year, $95 after that. This is a pretty reasonable annual fee to pay considering that you earn 2% cash back on every purchase.
No low purchase or balance transfer APR intro periods. You will have a 18.49% variable APR based on your credit worthiness once you are approved for this card.
How Other Cards Compare With Capital One® Spark® Cash for Business
|Intro APR:||0% on Purchases for 9 months|
|Regular APR:||13.74% - 20.74% Variable|
|Credit Required:||Excellent Credit|
|See Rates & Fees||Terms Apply|
Capital One® Spark® Cash for Business offers one of the best flat-rates of cash back available from a major card issuer, and will work well for businesses with average spending.
Capital One® Spark® Cash for Business is, in our opinion, an excellent credit card for business owners who want to earn cash back on their spending. With this credit card, you will earn 2% cash back on all your purchases as well as the opportunity to earn a one-time cash bonus of $500.
Despite the annual fee, which you must pay after the first year, if you make many business purchases with this Capital One® Spark® Cash for Business card, the cash back you'll earn as well as the benefits you'll enjoy will very likely more than outweigh the cost. Another thing I like about Spark Cash is that employee cards don't have any additional cost.
Since the cash rewards you earn are unlimited and don't expire, you won't have to worry about redeeming your rewards immediately, although you can redeem them at any time if you choose to do so.
Do you prefer to earn miles instead of cash rewards with a Capital One business card? If that's the case, you may check out Capital One® Spark® Miles for Business (read our review of Capital One® Spark® Miles for Business here). With this card, you can get 2X miles on every purchase, every day, and a host of other benefits.See more Capital One credit cards.