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Capital One Spark Cash for Business Review

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This article was last updated Aug 14, 2018, but some terms and conditions may have changed or are no longer available. For the most accurate and up to date information please consult the terms and conditions found on the issuer website.

Customers this card’s best for

The Capital One® Spark® Cash for Business is a great card that offers a rare-to-find flat cash back rate that is higher than competitors. All purchases will earn the same rate with this card — 2% cash back on every purchase, every day. Businesses that travel abroad will also benefit from the lack of a foreign transaction fee.

This card isn’t for businesses that want to avoid an annual fee, as the fee is $0 intro for first year; $95 after that. You can find business cards with $0 annual fee, however they may have less value for your company. This card also isn’t made for businesses that want a 0% intro APR period, so check out 0% intro APR business cards if you want to carry a balance.

  • 2% Cash Back on every purchase, every day

  • Earn up to $2,000. Earn a $500 cash bonus when you spend $5,000 in the first 3 months of opening your account. Plus, earn $1,500 when you spend $50,000 in the first 6 months. Limited Time Offer

  • Redeem cash back for any amount at any time

Highlights
  • Earning unlimited 2% cash back could mean thousands of dollars each year going back into your business
  • Earn up to $2,000. Earn a $500 cash bonus when you spend $5,000 in the first 3 months of opening your account
  • Plus, earn $1,500 when you spend $50,000 in the first 6 months. Limited Time Offer
  • 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

See additional details for Capital One® Spark® Cash for Business

More Info

Where this card stands out in its category

This card has a great cash back program and really shines with the additional card benefits. There are features for every type of business whether your business: travels a lot (Visa Signature® Luxury Hotel Collection and lost luggage reimbursement); entertains clients (Fine Wine & Food and sports discounts); or wants to simplify financial management (downloadable purchase records). There are many other benefits listed below in the section “Additional card benefits.”

Where this card falls short in its category

The Capital One® Spark® Cash for Business does come with an annual fee of $0 intro for first year; $95 after that. Although that isn’t a high fee, you can find business cards with $0 annual fee. Also, the lack of an intro APR period provides less value for this card and especially for businesses looking to carry a balance.

Additional card benefits

The Capital One® Spark® Cash for Business has a many additional benefits*:

  • Quarterly and year-end summaries: Itemized reports are provided quarterly and yearly for your business, allowing you to stress less in regard to planning, budgeting and taxes.
  • Visa® SavingsEdge: You can save up to 15% at select merchants. Visit www.visasavingsedge.com for details.
  • Downloadable purchase records: Don’t worry about figuring out how to transfer purchase records to your given accounting program — they can easily be downloaded to Quicken®, QuickBooksTM and Excel®.
  • Visa Signature® Luxury Hotel Collection: With over 900 hotels, the Visa Signature® Luxury Hotel Collection allows you to access exclusive benefits and bookings.
  • Roadside dispatch: Don’t worry if your car is stuck; you’ll receive 24/7 towing and locksmith referral services in the U.S. and Canada.
  • Auto rental collision damage waiver: You may be covered for theft or collision when you rent an eligible car with your card.
  • Travel and emergency assistance: Access 24/7 emergency service when traveling. Services include ticket replacement, legal or medical referrals and more.
  • Visa Signature® Concierge service: Receive 24/7 access to representatives that will assist you in booking travel, events, reservations and more.
  • Lost luggage reimbursement: Your checked or carry-on luggage is covered up to $3,000 if lost or stolen, as long as you charge your entire ticket to your card.
  • Travel accident insurance: Charge your travel fare to your card and receive coverage for accidental death or dismemberment, at no extra cost.
  • Fine Wine & Food: Great for a business excursion or client meeting; receive access to special dining and wine experiences.
  • Various discounts: When making purchases on your card, you can receive discounts at retailers, and special access to popular sporting events, premiere golf benefits and more.

*Certain restrictions, limitations, and exclusions apply. For questions or assistance 24 hours a day, 365 days a year: call the toll-free number on the back of your Visa Signature Business card.

How to use it most effectively

To earn the most rewards from the Capital One® Spark® Cash for Business, use it for all spending since you earn a flat cash back rate on every purchase. You can take out employee cards as well and earn cash back from their purchases. Remember that you’re responsible for all charges made to your account (this includes employee spending).

When traveling abroad, use this card since there is no foreign transaction fee. This allows you to save on the 3 – 5 percent fee most other cards have.

Make sure to meet the requirements for the Cash Bonus, a Earn up to $2,000. Earn a $500 cash bonus when you spend $5,000 in the first 3 months of opening your account. Plus, earn $1,500 when you spend $50,000 in the first 6 months. Limited Time Offer so you earn extra rewards

Rewards breakdown

The Capital One® Spark® Cash for Business offers 2% Cash Back on every purchase, every day. This is a great flat-rate for a business card.

Cash back can be redeemed as a statement credit or a check. You can set up automatic redemption either at a set time each calendar year or when a specific threshold ($25, $50, $100 or $200) has been reached. Other redemption options include statement credit and gift cards. However, rates for these redemption options may vary and are subject to change without notice.

Earn up to $2,000. Earn a $500 cash bonus when you spend $5,000 in the first 3 months of opening your account. Plus, earn $1,500 when you spend $50,000 in the first 6 months. Limited Time Offer. Plus, earn $1,500 when you spend $50,000 in the first 6 months. Limited Time Offer.

Compare it with the Capital One® Spark® Cash Select for Business

The Capital One® Spark® Cash for Business and the Capital One® Spark® Cash Select for Business are similar cards from Capital One, but have three key differences: annual fee, cash back rate, and intro period. The Capital One® Spark® Cash Select for Business has a $0 annual fee, while the Capital One® Spark® Cash for Business has $0 intro for first year; $95 after that. The intro period for the Capital One® Spark® Cash Select for Business is 0% on purchases for 9 months, then 14.74% - 22.74% (Variable) APR applies. If your business wants to avoid an annual fee, the Capital One® Spark® Cash Select for Business is a better option.

  • Unlimited 1.5% cash back

  • One-time $200 cash bonus once you spend $3,000 on purchases within 3 months from account opening

  • Redeem cash back for any amount at any time

Highlights
  • 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

See additional details for Capital One® Spark® Cash Select for Business

More Info

However the Capital One® Spark® Cash Select for Business offers a lower cash back rate at 1.5% cash back on every purchase, every day. This will earn you less cash back than the 2% cash back on every purchase, every day the Capital One® Spark® Cash for Business offers. This can add up to a significant difference if your business spends a lot of money.

Another factor to consider is if your business wants to carry a balance during a 0% intro APR period. The Capital One® Spark® Cash Select for Business offers an introductory 0% on purchases for 9 months, then 14.74% - 22.74% (Variable) APR applies allowing you to save money on interest payments. Meanwhile the Capital One® Spark® Cash for Business isn’t ideal since it lacks an intro APR period. Here’s a breakdown of the key elements of each card.

Capital One® Spark® Cash for Business Capital One® Spark® Cash Select for Business
Annual Fee $0 intro for first year; $95 after that $0
Purchase Intro Rate N/A 0% on purchases for 9 months
Balance Transfer Intro Rate N/A N/A
Balance Transfer Fee N/A N/A
Ongoing APR 18.74% (Variable) 14.74% - 22.74% (Variable)
Rewards 2% Cash Back on every purchase, every day 1.5% Cash Back on every purchase, every day
Sign Up Bonus Earn up to $2,000. Earn a $500 cash bonus when you spend $5,000 in the first 3 months of opening your account. Plus, earn $1,500 when you spend $50,000 in the first 6 months. Limited Time Offer. Plus, earn $1,500 when you spend $50,000 in the first 6 months. Limited Time Offer. One-time $200 cash bonus once you spend $3,000 on purchases within 3 months from account opening
Foreign Transaction Fee None None

Bottom line

The Capital One® Spark® Cash for Business is a good card for businesses that want to earn a high cash back rate on all purchases. The long list of perks that come with this card add significant value for all types of businesses.


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