How LendingTree Rates Credit Cards?
Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.With a $0 annual fee, 1.5% Cash Back on every purchase; 5% Cash Back on hotels and rental cars booked through Capital One Travel, the Capital One Spark Cash Select for Excellent Credit is a solid, low-cost card. The card’s generous welcome offer sweetens the deal. You can earn $750 cash back once you spend $6,000 on purchases within the first 3 months from account opening.
Keep in mind that this card is geared towards consumers with excellent credit. If your credit score falls within this category, know that you can find top-tier cards that offer better rewards and benefits than this card.
Intro Purchase APR
N/A
Regular Purchase APR
18.49% - 24.49% (Variable)
Intro BT APR
N/A
Regular BT APR
18.49% - 24.49% (Variable)
Annual Fee
$0
Cash Advance Fee
5% of the amount of the cash advance, but not less than $5
Foreign Transaction Fee
None
Balance Transfer Fee
$0 at the Transfer APR
No annual fee
When you have a small business, every penny counts, and you won’t be putting a single one toward the Capital One Spark Cash Select for Excellent Credit because it has a $0 annual fee. This means that all of your cash back earnings are truly that — cash back in your bank account.
Sign-up bonus
With the Capital One Spark Cash Select for Excellent Credit, you can earn $750 cash back once you spend $6,000 on purchases within the first 3 months from account opening.
This isn’t the best bonus for a business credit card, but if you regularly spend over $1,500 a month on your business expenses, you can easily achieve it. If that amount is a stretch, consider buying office supplies or stocking up on materials that you know you will use, and have cash for so you can pay your balance in full to avoid paying interest.
Earn unlimited cash back
This card keeps rewards simple with a flat-rate amount you’ll earn in either of two categories: 1.5% Cash Back on every purchase; 5% Cash Back on hotels and rental cars booked through Capital One Travel.
There are no rotating categories or spending caps. Additionally, there’s no limit to how much you can earn, and the rewards don’t expire as long as your account is open.
No foreign transaction fee
If business takes you outside the United States, physically or with an online purchase, know that you won’t be hit with extra foreign transaction fees because there are none.
Free employee cards
You can issue cards to employees at no extra cost. You can customize their spending limits and earn cash back on every purchase for your business.
It's possible to earn a higher cash back rate
The rewards earning rate of 1.5% Cash Back on every purchase; 5% Cash Back on hotels and rental cars booked through Capital One Travel isn’t bad and the simplicity is nice. However, you can earn higher rates on business cards with no annual fee.
One example is the Ink Business Cash® Credit Card with which you Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other card purchases with no limit to the amount you can earn.
No elevated rewards on office expenditures
While the flat-rate cash back is nice, if you spend a lot of money on office products or business travel this card may not be the best choice for you. Other cards like the Ink Business Cash® Credit Card offer higher cash back rates on certain categories like shipping purchases, cable and phone services, advertising, office supplies and travel.
If you’re looking for a travel card that earns miles, consider the Capital One Spark Miles Select for Business instead.
excellent credit recommended
The Capital One Spark Cash Select for Excellent Credit card was designed for consumers with excellent credit, which is a FICO score of over 800.
For those with lower credit scores, the Capital One Spark Cash Select for Good Credit or the Capital One Spark Cash for Business might be worth looking into. Secured business credit cards are another option if you don’t think you’ll qualify for an unsecured credit card.
Similar to the Capital One Spark Cash Select for Excellent Credit, the Capital One Spark Cash Select for Good Credit has a $0 annual fee, and free employee cards. Most of the features are identical including the foreign transaction fee — there is none.
While there’s no sign-up bonus, it comes with an intro APR of 0% on purchases for 12 months, after which a 21.24% - 29.24% (Variable) APR applies.
This is a good alternative card if you like the Capital One Spark Cash Select for Excellent Credit but don’t qualify due to having a lower credit score.
Business owners looking to earn cash back with a $0 annual fee, the Ink Business Unlimited® Credit Card is worth considering. Like the Capital One Spark Cash Select for Excellent Credit, it lets you earn unlimited 1.5% cash back on every purchase made for your business.
The sign-up bonus is even more generous: Earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening. However, note that the spending requirement is also higher. You’ll need to spend $2,500 per month to meet the target. Smaller businesses might find this challenging.
It’s also a good choice if you want to finance a new purchase. It comes with a 0% Intro APR on Purchases for 12 months. After, a 18.49% - 24.49% variable APR applies.
The main downside is that there’s a foreign transaction fee of 3% of each transaction in U.S. dollars. Leave this card at home, or choose another one, if you travel abroad or buy inventory or supplies from overseas companies.
The Capital One Spark Classic for Business is a card for people with fair credit that comes with more modest rewards. It gives you earn unlimited 1% cash back for your business on every purchase, everywhere, no limits or category restrictions. plus, earn unlimited 5% cash back on hotels and rental cars booked through capital one travel.. It lacks a sign-up bonus, which is common for cards that are designed for lower credit scores.
Through good use of your card plus the free employee cards, there’s potential to improve your credit score so that in the future you are qualified for better offers. Plus, it’s a good choice for making purchases outside the U.S. When it comes to foreign transaction fees, there are $0.
| Credit Cards | Our Ratings | Welcome Offer | Rewards Rate | Recommended Credit Credit scores ranges may vary. Your individual chance at approval may vary due to factors such as creditors using a particular variation at their discretion | |
|---|---|---|---|---|---|
Capital One Spark Cash Select for Excellent Credit
 Apply Now
on Capital One's secure site Rates & Fees |
$750 Cash Back once you spend $6,000 on purchases within the first 3 months from account opening | 1.5% Cash Back on every purchase; 5% Cash Back on hotels and rental cars booked through Capital One Travel | Excellent |
Apply Now
on Capital One's secure site Rates & Fees |
|
Capital One Spark Cash Select for Good Credit
Apply Now
on Capital One's secure site Rates & Fees |
N/A | 1.5% Cash Back on every purchase; 5% Cash Back on hotels and rental cars booked through Capital One Travel | Good |
Apply Now
on Capital One's secure site Rates & Fees |
|
Ink Business Unlimited® Credit Card
Apply Now
on Chase's secure site |
Earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening. | Earn unlimited 1.5% cash back on every purchase made for your business | Good/Excellent |
Apply Now
on Chase's secure site |
|
Capital One Spark Classic for Business*
Learn More
on Capital One's secure site |
N/A | Earn unlimited 1% cash back for your business on every purchase, everywhere, no limits or category restrictions. Plus, earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel. | Fair |
Learn More
on Capital One's secure site |
The Capital One Spark Cash Select for Excellent Credit card is a solid choice for businesses that want a cash back credit card without the hassle of categories or spending caps. It’s even better if your typical spending is high enough to meet the spending requirement to earn the sign-up bonus. The $0 annual fee helps keep your expenses low while the free employee cards ensure you get cash back on every business purchase.
Since the Capital One Spark Cash Select for Excellent Credit and Capital One Spark Cash Select for Good Credit offer different types of sign-up bonuses, you need to consider which you qualify for. Check your credit score and then whether or not another card is better. And if your credit score is in the fair range, consider the Capital One Spark Classic for Business for your business spending.
Apply Now
For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.
The information related to the Capital One Spark Miles Select for Business and the Capital One Spark Classic for Business has been independently collected by LendingTree and has not been reviewed or provided by the issuer of these cards prior to publication.
