Capital One® Spark® Cash Select for Business
Earn a $200 Cash Bonus
- Regular Purchase APR 13.99%, 19.99% or 23.99% variable based on creditworthiness and the Prime Rate
- Balance Transfer APR 13.99%, 19.99% or 23.99% variable based on creditworthiness and the Prime Rate
- Cash Advance APR 26.99% variable based on the Prime Rate
- Annual Fee None
- Credit Needed Excellent , Good
- Intro Purchase APR 0% for 9 months from the date of account opening
- Processing Network Visa
- 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 stolen
- Intro Purchase APR: 0% for 9 months from the date of account opening
- Regular Purchase APR: 13.99%, 19.99% or 23.99% variable based on creditworthiness and the Prime Rate
- Balance Transfer APR: 13.99%, 19.99% or 23.99% variable based on creditworthiness and the Prime Rate
- Cash Advance APR: 26.99% variable based on the Prime Rate
- Cash Advance Transaction Fee: Either $10 or 3% of the amount of each cash advance, whichever is greater
- Penalty APR: 29.4% variable based on the Prime Rate
- Late Payment Penalty Fee: Up to $39
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 $200 is also attainable after spending $3,000 on purchases within the first 3 months from the account’s opening, an easy feat for business owners with common recurring expenses.
Ideal for Those Who:
- Want to earn 1.5% cash back on all purchases every day with Capital One
- Do not want to pay annual fees or foreign transaction fees
- Could use an extra $200 cash bonus for spending $3,000 on purchases within the first 3 months from account opening
Capital One® Spark® Cash Select for Business Review
The Capital One® Spark® Cash Select is great for earning cash back without worrying if your purchases qualify, as they all do. This could equate to a few thousand dollars being re-invested into the company each year on inventory, overhead costs, or anything else needed. There are no annual fees or foreign transaction fees to worry about with the Spark® Cash Select for Business, nor is there a charge for adding employee cards. 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.
How to Earn 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!
New accounts also benefit from an introductory cash back bonus of $200 after making just $3,000 in purchases in the first three months. This bonus is significantly less than what comes with the Spark Cash Card, but given the no annual fee, it’s a fair trade-off.
How to Redeem Capital One 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
- Gift Cards
- 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 with 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.
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 visa perks and protections – what’s not to love?