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Capital One Spark Cash for Business Review

Capital One Spark Cash for Business Review

*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 Jun 18, 2020. Terms and conditions may have changed. For the most accurate information, please consult 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 for your business on every purchase, everywhere. 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.

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 some additional benefits:

  • Lost luggage reimbursement. Receive up to $3,000 in reimbursement if your checked or carry-on luggage is lost or stolen when your ticket is charged to your card.
  • Roadside assistance: Don’t worry if your car is stuck; you’ll receive 24/7 towing and locksmith referral services in the U.S. and Canada.
  • Extended warranty and protection. When you purchase an eligible item using this card, you’ll get extended warranty protection for free.
  • 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.
  • 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®.

If your card is issued as a Visa Signature® Business card, it will provide additional benefits such as access to the Visa Signature® Concierge service and the Visa Signature® Luxury Hotel Collection. Restrictions, limitations and exclusions may apply. Call the number on the back of your card for details.

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 a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening so you earn extra rewards

Rewards breakdown

The Capital One Spark Cash for Business offers 2% Cash Back for your business on every purchase, everywhere. 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.

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 13.99% - 23.99% (Variable) APR applies. If your business wants to avoid an annual fee, the Capital One Spark Cash Select for Business is a better option.

However the Capital One Spark Cash Select for Business offers a lower cash back rate at 1.5% cash back on every purchase. This will earn you less cash back than the 2% cash back for your business on every purchase, everywhere 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 13.99% - 23.99% (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 20.99% (Variable) 13.99% - 23.99% (Variable)
Rewards 2% Cash Back for your business on every purchase, everywhere 1.5% Cash Back on every purchase
Sign Up Bonus Earn a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening. 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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