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Capital One Spark Cash Select for Business

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

This article was last updated Aug 13, 2018. Terms and conditions may have changed. For the most accurate information, please consult the issuer website.

Customers this card is best for

The Capital One® Spark® Cash Select for Business is a good no-fee business card that offers a flat cash back rate for all purchases. The various cardmember benefits that come with this card are unique and rival competing cards. This card also provides an introductory 0% on purchases for 9 months, allowing you to carry balance without accruing interest during the intro period. Once the introductory period ends, a 14.49% - 22.49% (Variable) APR applies.

This card isn’t for businesses that want to maximize cash back or rewards since you earn a below average cash back rate. Look at other cash back business cards that have high rates for certain categories, or check out rewards business cards.

  • 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
  • Earn unlimited 1.5% cash back for your business on every purchase, everywhere, no limits or category restrictions
  • Earn a one-time $200 cash bonus once you spend $3,000 on purchases within the first 3 months from account opening
  • Save on interest with 0% intro APR on purchases for 9 months; 14.49% - 22.49% variable APR after that
  • No annual fee
  • Free employee cards, which also earn unlimited 1.5% cash back on all purchases
  • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
  • $0 Fraud Liability if your card is lost or stolen
  • No foreign transaction fees

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

More Info

Where this card stands out in its category

This card has a great list of added benefits that provide something for every type of business. Whether your business travels, entertains clients, or does its own expenses, there are various features to assist you. Perks include downloadable purchase records, travel insurance, sports discounts and more. See ‘Additional card benefits’ below for more details.

Where this card falls short in its category

The Capital One® Spark® Cash Select for Business offers a subpar cash back rate: 1.5% Cash Back on every purchase. You can find other business cash back cards that offer rates as high as 5% in select categories, and a flat 2% on all purchases.

Additional card benefits

The Capital One® Spark® Cash Select for Business has numerous additional card benefits:

  • Quarterly and year-end summaries: Helpful summaries include itemized purchases and allow you to facilitate budgets, taxes and planning.
  • Visa® SavingsEdge: Shopping at participating merchants can save you up to 15%. Visit www.visasavingsedge.com for details.
  • Downloadable purchase records: You can securely download your purchase records to online accounting software programs including Quicken®, QuickBooksTM and Excel®.
  • Visa Signature® Luxury Hotel Collection: Receive premium benefits at over 900 hotels with the Visa Signature® Luxury Hotel Collection.
  • Roadside dispatch: Flat tire? No worries. You get 24/7 towing and locksmith referral services while you’re in the U.S. and Canada.
  • Auto rental collision damage waiver: Renting an eligible car with your card qualifies you for coverage from theft or collision.
  • Travel and emergency assistance: There can be unexpected events when traveling and this card has 24/7 emergency services including ticket replacement, legal or medical referrals and more.
  • Visa Signature® Concierge service: Representatives are available around the clock to conveniently help you book events, travel and more.
  • 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.
  • Travel accident insurance: If there is accidental death or dismemberment on a travel fare made with your card, you will receive coverage — at no extra cost.
  • Fine Wine & Food: Access unique wine experiences and food events with your card. There are dining events, complimentary wine tastings, discounts at Sonoma County wineries and more.
  • Various discounts: Take advantage of discounts and exclusive offers at retailers, as well as special access to popular sporting events 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

The Capital One® Spark® Cash Select for Business is best used for all business expenses since you earn a consistent rate on all purchases. You will also earn cash back on any employee cards you open (at no additional cost). Keep in mind you are liable for all charges made on the account — including employee spending.

This card is also great to use when traveling abroad since thier is no foreign transaction fee. This allows you to avoid the 3 – 5 percent per transaction fee that some other cards charge.

Take advantage of the one-time $200 cash bonus once you spend $3,000 on purchases within 3 months from account opening.

Rewards breakdown

The Capital One® Spark® Cash Select for Business offers a decent rate of 1.5% Cash Back on every purchase.

Redeem cash back 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, gift cards and more. Rates for these redemption options may vary and are subject to change without notice.

There is a one-time $200 cash bonus once you spend $3,000 on purchases within 3 months from account opening.

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

  • 2% Cash Back for your business on every purchase, everywhere

  • Earn a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening

  • Redeem cash back for any amount at any time

Highlights
  • Earn a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening
  • Earn unlimited 2% cash back for your business on every purchase, everywhere, no limits or category restrictions
  • $0 annual fee for the first year; $95 after that
  • Free employee cards, which also earn unlimited 2% cash back on all purchases
  • $0 Fraud Liability if your card is lost or stolen
  • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
  • No foreign transaction fees

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

More Info

The Capital One® Spark® Cash Select for Business and the Capital One® Spark® Cash for Business are comparable 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 is better for businesses that don’t want to pay an annual fee with its $0 annual fee. Meanwhile the Capital One® Spark® Cash for Business has $0 intro for first year; $95 after that, that may be negligible depending on your business needs.

The Capital One® Spark® Cash Select for Business offers a lower cash back rate. You earn 1.5% cash back on every purchase compared to the 2% cash back for your business on every purchase, everywhere of the Capital One® Spark® Cash for Business. This can make a big difference, especially if your business spends a lot of money.

Regarding the 0% intro period, the Capital One® Spark® Cash Select for Business offers an introductory 0% on purchases for 9 months, then 14.49% - 22.49% (Variable) APR applies, while the Capital One® Spark® Cash for Business lacks an intro APR period. So if your business wants to carry a balance and save on interest payments, the Capital One® Spark® Cash Select for Business is a better option. Here’s a breakdown of the key features of each card.

  Capital One® Spark® Cash Select for Business Capital One® Spark® Cash for Business
Annual Fee $0 $0 intro for first year; $95 after that
Purchase Intro Rate 0% on purchases for 9 months N/A
Balance Transfer Intro Rate N/A N/A
Balance Transfer Fee N/A N/A
Ongoing APR 14.49% - 22.49% (Variable) 18.49% (Variable)
Rewards 1.5% Cash Back on every purchase 2% Cash Back for your business on every purchase, everywhere
Sign Up Bonus One-time $200 cash bonus once you spend $3,000 on purchases within 3 months from account opening Earn a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening.
Foreign Transaction Fee None None

Bottom line

The Capital One® Spark® Cash Select for Business is a good option for businesses looking to avoid an annual fee and earn a decent cash back rate on all purchases. You’ll enjoy a long list of benefits with something that’s sure to benefit your company.


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December 19, 2018