Home » Business » Best Capital One Business Credit cards

Best Capital One Business Credit cards

Best Capital One Business Credit cards

*Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

This article was last updated Feb 26, 2020. Terms and conditions may have changed. For the most accurate information, please consult the issuer website.

If you’re a small business owner in search of a business credit card, it may be difficult to know where to start. Capital One, which ranked third in a tie with Chase in J.D. Power’s 2019 U.S. Credit Card Satisfaction Study, currently offers five business credit cards, each of which offers rewards on every purchase, employee cards at no-cost, no foreign transaction fees and complimentary business management tools.

When deciding which Capital One business credit card is the right fit for your company, you should first figure out how you plan to use the card. For example, if you take frequent business trips, you could select a card that lets you earn rewards to redeem toward future travel. But if you want to finance a large purchase and pay it off over time, a business card that offers an intro APR on purchases could be a better fit.

Here are our picks for the best Capital One business cards for the following categories:

Best travel credit card: Capital One Spark Miles for Business

If you want to earn rewards to use toward future travel, the Capital One Spark Miles for Business may be your best option. The card lets cardholders earn a one-time bonus of 50,000 miles – equal to $500 in travel – once you spend $4,500 on purchases within the first 3 months from account opening.

Cardholders also earn 2 miles per $1 on every purchase, everywhere, plus 5x miles on hotel and rental car bookings through Capital One Travel using your card.

Miles can be redeemed for flights, hotels, vacation packages and more. You can also transfer your miles to a number of travel transfer loyalty programs, including Accor Live Limitless, Air France KLM Flying Blue, Avianca LifeMiles and JetBlue TrueBlue.

The Capital One Spark Miles for Business card does come with an annual fee of $0 intro for first year; $95 after that. However, the value you can get from the card’s benefits can help offset that amount. For example, cardholders receive a statement credit of up to $100 for Global Entry or TSA Precheck every four years.

Additional card details:

  • 20.99% (variable) purchase APR
  • Monitor recurring transactions via a list of merchants who are regularly charging your card for subscriptions and recurring bills
  • Set customized spending limits on employee cards
  • Extended warranty and purchase protection

Best cash back credit card: Capital One Spark Cash for Business

The Capital One Spark Cash for Business card offers the highest cashback rate among Capital One business credit cards: Cardholders earn unlimited 2% cash back for your business on every purchase, everywhere. This flat rewards rate can be extra appealing to those who don’t want the hassle of keeping track of rotating bonus categories or spending caps found on some competing business cards.

The Capital One Spark Cash for Business card also lets cardholders earn a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening. But keep in mind that the card charges an annual fee of $0 intro for first year; $95 after that.

Additional card details:

  • 20.99% (variable) purchase APR
  • Itemized year-end spending reports to simplify budgeting and taxes
  • Ability to download purchase records to Quicken, QuickBooks and Excel
  • Auto rental damage waiver to cover damage caused by collision or theft
  • Emergency card replacement
  • Purchase security and extended protection

If you want to earn cash back without paying an annual fee after the first year, and you don’t mind earning a slightly lower cashback rate, you may want to consider the Capital One Spark Cash Select for Business card instead (more on that below).

Best intro APR credit Card: Capital One Spark Cash Select for Business or Capital One® Spark® Miles Select for Business

If you need to finance a large expense, such as equipment for your business, and pay it off over time, a business credit card that offers an introductory APR on purchases, like the Capital One Spark Cash Select for Business card may be your best bet.

The Capital One Spark Cash Select for Business offers an intro 0% on purchases for 9 months. After that, an APR of 13.99% - 23.99% (variable) applies.

Additional card details:

  • Earn unlimited 1.5% cash back on every purchase
  • Get a one-time $200 cash bonus once you spend $3,000 on purchases within 3 months from account opening
  • $0 annual fee
  • Ability to redeem cash back in any amount at any time
  • Get email or text message to alert you of potential mistakes or changes to your account

If you need to carry a balance for a while – but prefer earning travel rewards over cash back – you should take a look at the Capital One® Spark® Miles Select for Business card.

Like the Capital One Spark Cash Select for Business, the Capital One® Spark® Miles Select for Business offers an intro APR of 0% intro APR for 9 months, then a regular APR of 13.99% - 23.99% (variable) applies. But instead of cash back on every purchase, the card offers miles.

Additional card details:

  • Earn unlimited 1.5 miles per $1 on every purchase
  • Get a one-time bonus of 20,000 miles once you spend $3,000 on purchases within 3 months from account opening
  • $0 annual fee
  • Redeem miles for flights, hotels, vacation packages and more
  • Ability to transfer miles to airline and hotel loyalty programs

Best card to build credit: Capital One® Spark® Classic for Business

If you’re a business owner with less-than-perfect credit, a business credit card that helps you build credit with responsible usage should be on your radar. The Capital One® Spark® Classic for Business card is the only Capital One business card that accepts “average” credit – which, according to Capital One, includes individuals who have defaulted on a loan in the past five years or those with limited credit history.

The $0 annual fee Capital One® Spark® Classic for Business card offers a modest rewards rate of 1% cash back on every purchase. However, your focus with this card should be to establish responsible card usage by paying your balance in full and on time each month – as opposed to earning rewards.

Additional card details:

  • 26.99% (variable) purchase APR
  • Zero fraud liability if you card is lost or stolen
  • 24/7 travel and emergency assistance services, including legal and medical referrals and ticket replacement
  • Set the date you want to pay your bill each month

Which Capital One business credit card is right for you?

Because Capital One business credit cards offer many of the same benefits – including fraud alerts, year-end summaries and easily downloadable purchase records – deciding which one is best for your business ultimately comes down to how you plan to use the card.

For example, if you think the cash back you’ll earn will more than cover the annual fee, the Capital One Spark Cash for Business may be the best choice. But if you don’t have excellent credit, the Capital One® Spark® Classic for Business card provides a great opportunity to build your credit while also earning cashback rewards.


Recommended Posts:

Read More

Chase Ink Business Preferred Card: Earn Up to 100,000 Bonus Points

Business owners take note: Chase boosted the sign-up bonus for the Ink Business Preferred℠ Credit Card. Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That’s worth $1,250 when redeemed for travel through Chase Ultimate Rewards®. Are you eligible for the Ink Business Preferred℠ Credit Card sign-up bonus? How can you use the Ink Business Preferred℠ Credit Card sign-up bonus? Other ways to earn Ink Business Preferred℠ Credit Card rewards Can you transfer Ink Business Preferred℠ Credit Card points? Is the Ink Business Preferred℠ Credit Card right […]

Read More

Read More

Best Bank of America Business Credit Cards

Bank of America offers a variety of consumer credit card products, including cash back, travel rewards and 0% intro APR cards. The bank also offers several credit cards designed for small business owners that come with a variety of benefits, including cash flow management tools, fraud monitoring and overdraft protection. When deciding which Bank of […]

Read More

Read More

Best Cashback Business Credit Cards

If you’re a small business owner who wants to earn cash back on company expenses, there are a number of business credit cards to choose from. While these cards typically offer cash back on every purchase and business-related benefits like year-end summaries, they may also offer free employee cards, 0% intro APRs on balance transfers […]

Read More