| Last updated on March 6th, 2024
Capital One® Spark® Cash Select for Business
Capital One® Spark® Cash Select for Business
Capital One® Spark® Cash Select for Business
- 18.24% - 24.24% variable based on creditworthiness and the Prime Rate Regular Purchase APR
- 18.24% - 24.24% variable based on creditworthiness and the Prime Rate Balance Transfer APR
- 31.99% variable based on the Prime Rate Cash Advance APR
At a Glance
Through the Capital One® Spark® Cash Select for Business card, you’ll be able to enjoy an unlimited 1.5% cash back on all purchases with no minimum to redeem and no category restrictions. A one-time cash bonus of $500 is also attainable after spending $4,500 on purchases within the first 3 months from the account’s opening, an easy feat for business owners with common recurring expenses.
- Best Benefits
- Rates & Fees
- Why Should You Apply?
- Unlimited 1.5% cash back from Spark Cash Select. No minimum to redeem
- 0% intro APR on purchases for 9 months
- Free employee cards, which also earn 1.5% cash back on all purchases
- $0 Fraud Liability if your card is lost or stole
- Regular Purchase APR: 18.24% - 24.24% variable based on creditworthiness and the Prime Rate
- Balance Transfer APR: 18.24% - 24.24% variable based on creditworthiness and the Prime Rate
- Cash Advance APR: 31.99% variable based on the Prime Rate
- Cash Advance Transaction Fee: 3% of the amount of the cash advance, but not less than $3
- Penalty APR: 34.4% variable based on the Prime Rate
- Late Payment Penalty Fee: Up to $39
- You want to earn 1.5% cash back on all purchases every day with Capital One
- You do not want to pay annual fees or foreign transaction fees
- You could use an extra $200 cash bonus for spending $4,500 on purchases within the first 3 months from account opening
In-Depth Review: Capital One® Spark® Cash Select for Business
The Capital One® Spark® Cash Select is great for taking the worry out of your business. It’s great for earning cash back without worrying if your purchases qualify, as they all do. Plus, business owners worried about those in their employ taking advantage of this freedom also have the peace of mind that comes with receiving instant fraud alerts and itemized spending reports, which are particularly useful come tax time. All told, this no annual fee business card is steady companion with everything you want and nothing you don’t.
Who Can Benefit from the Spark® Cash Select Card?
The Capital One® Spark® Cash Select credit card is ideal for small business owners who are looking for a credit card that offers substantial cash back rewards. If you frequently make business purchases and want to earn cash back on every transaction, this card is perfect for you. Additionally, if you prefer a simple rewards structure without any complicated point systems or categories, the Spark® Cash Select is a great choice.
Credit Needed
The credit score requirement for the Capital One Spark Cash Select for Business Card is good credit or excellent credit.
How to Earn Rewards
Cash Back Welcome Offer
New accounts also benefit from an introductory cash back bonus of $750 after making $6,000 in purchases in the first three months. This bonus is significantly less than what comes with the Spark Cash Plus Card, but given the no annual fee, it’s a fair trade-off.
Earn Unlimited Cash Back Rewards
Earning rewards with the Spark® Cash Select from Capital One® is simple. Companies earn unlimited 1.5% cash back on all purchases. With free employee cards – and no annual fee – there’s no telling how much cash back businesses can earn!
How to Redeem Rewards
Cash back through the Spark® Cash Select is redeemable through the Capital One Rewards program. The program offers solid value for money and features several different award options to choose from. These options include:
- Statement credits
- Donations
- Gift Cards
- Merchandise
- Travel
- Points transfers with select partners
The obvious redemption option for those who get the card will likely be statement credits. After all, they chose the Spark® Cash Select Card, not the Spark Miles. Still, they will find significant value in this reward option. Plus, as the rewards earned with the Spark® Cash Select from Capital One® card do not expire, the race to decide what to redeem those points for is no longer an issue.
Other Card Benefits
Other notable benefits with the Capital One Spark Cash Select business card features include Zero Fraud Liability, Auto Rental Collision Damage Waiver when renting a card and waiving the additional insurance at the rental desk, purchase records, and year-end summaries. The card also comes with easy-to-use accounting tools –download purchase records quickly in Quicken®, QuickBooks™, and Excel® for seamless bookkeeping.
Comparison
| Spark Cash Plus | Spark Cash Select | Ink Business Cash® | Ink Business Unlimited® | |
|---|---|---|---|---|
| Issuer | Capital One | Capital One | Chase | Chase |
| Annual fee | $150 | $0 | $0 | $0 |
| Rewards | Earn 2% cash back on all purchases | Earn 1.5% cash back on all purchases | Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year | Earn unlimited 1.5% cash back on all purchases |
| Employee cards | Free | Free | Free | Free |
What We Like About the Card
The Capital One® Spark® Cash Select credit card has several standout features that make it a top choice for small business owners. The unlimited 1.5% cash back on every purchase is a major highlight, as is the $0 annual fee. These features allow you to earn cash back without any additional costs, making it a cost-effective choice for your business.
Things to Consider
On the downside, the Spark® Cash Select offers no bonus categories or higher cash back rates for specific purchases. If your business has specific spending categories where you make frequent purchases, you may find other cards that offer higher cash back rates in those categories. However, if simplicity and flexibility are what you value most, the Spark® Cash Select is still an excellent choice.
Capital One Ratings
How does the Capital One rate as a lender? Here is a selection of expert reviews for Capital One and its business credit card products:
| BestCards | Better Business Bureau | TrustPilot |
|
4.5/5 |
2.5/5 |
2.5/5 |
Should You Apply for the Spark® Cash Select from Capital One®?
Want a great cash back business card but don’t want to pay the annual fee that comes with Spark Cash? The Capital One® Spark® Cash Select for Business is the perfect card for those companies that can’t justify the annual fee, but still want better rewards than the Spark Classic Card. Earning unlimited 1.5% cash back, getting free employee cards, and still enjoying the Capital One and Mastercard perks and protections – what’s not to love?
For those unsure if the Capital One Spark Cash Select is right for their company, other options include the Blue Business Cash from Amex, plus the Chase Ink cards, including the Chase Ink Business Cash and the Ink Business Unlimited – both excellent cash back options that feature no annual fee.
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