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Do you want a flat-rate rewards business credit card? The Capital One Spark Business credit card lineup is one of the most popular options as you can earn rewards on every purchase, everywhere. Which of the five options works best for your business?

Which of the Capital One Spark Business cards do you prefer for your business? A rendering of the new Capital One lounge. Credit: Capital One

Capital One Spark Business Credit Card Review

Before we dive deep into the review, let’s look at the different options Capital One has for businesses. Additionally, we’ve listed the credit card bonus offers that are being offered for new cardholders to earn.

Capital One Spark Bonus Offers

The information for the Capital One Spark Cash for Business, Capital One Spark Miles Select for Business, and the Capital One Spark Classic for Business has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.

  • Capital One Spark Cash Select for Business: Earn a one-time $200 cash bonus after spending $3,000 on purchases within the first 3 months from account opening.
  • Capital One Spark Cash for Business: Earn a $500 cash bonus after spending $4,500 in the first 3 months of account opening.
  • The Capital One Spark Miles Select for Business: Earn a one-time bonus of 20,000 miles – equal to $200 in travel – once after spending $3,000 on purchases within the first 3 months from account opening.
  • Capital One Spark Miles for Business: Earn 50,000 miles after spending $4,500 in the first 3 months of account opening.
  • Capital One Spark Classic for Business: n/a

Learn more: Business Credit Cards

While other business credit cards (like the Chase business credit cards) might offer more points, you might not benefit from the extra points if you don’t make enough of those purchases.

Capital One Spark Business Credit Card Purchase Rewards

So, what is the best Capital One Spark Business credit card for your business spending? The five Spark Business credit card options and their purchase rewards include:

  • Capital One Spark Cash for Business: Unlimited 2% cash back on every purchase, every day
  • Capital One Spark Miles for Business: Unlimited 2x miles per $1 on every purchase, every day
  • The Capital One Spark Cash Select for Business: Unlimited 1.5% cash back on every purchase, every day
  • Capital One Spark Miles Select for Business: Unlimited 1.5x miles per $1 on every purchase, every day
  • Capital One Spark Classic for Business: Build your business credit and earn unlimited 1% cash back on every purchase, every day

With five different Spark business credit cards to choose from, it might be confusing on which is the best Capital One business card. To help, let’s look at cash back vs miles to see what might work out better for your business.

Cash Back or Miles Rewards?

Do you want to earn cash back statement credits or rewards miles for travel? Your points/miles are worth 1 cent (1,000 points = $10) with either redemption option, so it comes down to your personal preference – cash or travel credits?

Of the five Spark credit cards, three offer cash back rewards (the Spark Cash, Spark Cash Select, and the Spark Classic). The other two reward miles (the Spark Miles and Spark Miles Select).

Premium Capital One Spark Business Credit Cards

Both the Capital One Spark Cash for Business and the Capital One Spark Miles for Business have an intro annual fee of $0, then $95 after that. Aside from the Spark Classic, all of the Capital One business credit cards require excellent credit, typically a credit score of at least 740.

The other Capital One Spark cards (Select and Classic) have a $0 annual fee.

None of the Capital One Spark business cards have a foreign transaction fee.

Related: Capital One Spark Business Cards Approval Odds

Are the Capital One Spark Business Cards Worth the Annual Fee?

Is the $95 annual fee worth it? You’ll need to spend at least $5,000 a year just to have the purchase rewards pay the $95 annual fee. If you’re right around the $5,000 annual spending mark, you will be better off going with one of the no annual fee Spark Select or Spark Classic cards to profit 100% from the purchase rewards.

Redeeming Capital One Spark Rewards Points

The redemption option for your Spark Classic, Spark Cash, or Spark Cash Select is straightforward. You redeem your points for statement credits, which reduces your monthly statement balance. A penny saved is a penny earned.

You have a little more flexibility with the Spark Miles and Spark Miles Select as you have two redemption options:

  • Book award travel through the Capital One travel portal powered by Orbitz
  • Use the Capital One purchase eraser to receive travel statement credit on previous travel purchases

Both of these options are a valuable way to redeem your miles for one cent each for award travel. Additionally, Spark Miles for Business cardholders can get more value out of their card. They can enjoy Capital One’s new airport lounges as well as their travel transfer partners, including select hotels.

Still, you may consider other business options if you are looking for business cards for airline miles.

Accor Live Limitless is one of the Capital One travel partners. The ibis Styles London Gloucester Road. Credit: Accor Live Limitless

Pros of Capital One Spark Cash for Business

For many businesses, the Capital One Spark Cash for Business is an enticing offer, compared to other Spark Business cards. You might consider the Capital One Spark Cash for Business for these reasons:

  • Earn unlimited 2% cash back for your business on every purchase, everywhere
  • No foreign transaction fee

The biggest appeal of the Capital One Spark Cash for Business is that you can earn more than 1% on purchases that other rewards credit cards consider non-bonus spending. If your business doesn’t spend a lot on advertising purchases, business travel, or office supply purchases—the most common business credit card bonus categories—the flat-rate Spark credit card is an attractive option.

Cons of Capital One Spark Cash for Business Card

Here’s why you might avoid the Capital One Spark Cash for Business credit card:

  • Can only earn cash rewards
  • Not many additional benefits that add value to the $95 annual fee beyond 2% purchase rewards

However, only being able to earn 2% on every purchase might not be worth the hassle if your business spending can maximize the bonus categories of other business credit cards.

No foreign transaction fee is enticing, even on the Spark Select. However, it still might not be enough to sway your opinion.

No Annual Fee Capital One Spark Business Cards

If you want a no annual fee business credit card, you have three different choices with the Capital One Spark:

  • Spark Classic
  • Spark Cash Select
  • The Spark Miles Select

With the Spark Classic, you’ll earn 1% back on every purchase. This card is recommended for those with average credit in the 600 range. According to Capital One, “average credit” is defaulting on a loan within the last five years or someone who only has three years or less of credit history.

If you have excellent credit, you can earn 1.5 points per $1 spent with the Cash Select or 1.5x miles per $1 spent with the Miles Select. With the Cash Select, you’ll get $1.50 in cash rewards for every $100 you spend. Opting for the Miles Select will give you $1.50 in travel credit for every $100 in card purchases.

Capital One defines excellent credit as:

  • Never declaring bankruptcy or defaulting on a road
  • Not being more than 60 days late on a credit card, loan, or medical bill within the last year
  • Had a loan or credit with a credit limit above $5,000

Sign-Up Bonuses on All the Capital One Spark Business Cards

Note that Capital One doesn’t offer a sign-up bonus for the Spark Classic, so you’ll need to either go for the Spark Select or a Spark Card if you want to earn a bonus.

  • Capital One Spark Cash Select for Business: Earn a one-time $200 cash bonus after spending $3,000 on purchases within the first 3 months from account opening.
  • Capital One Spark Cash for Business: Earn a $500 cash bonus after spending $4,500 in the first 3 months of account opening.
  • The Capital One Spark Miles Select for Business: Earn a one-time bonus of 20,000 miles – equal to $200 in travel – once they spend $3,000 on purchases within the first 3 months from account opening.
  • Capital One Spark Miles for Business: Earn 50,000 miles after spending $4,500 in the first 3 months of account opening.

Learn more: Business Credit Cards

The Best Capital One Spark Business Card Alternative

Maybe you like the 2% purchase rewards, but want additional benefits to justify the annual fee. The Ink Business Preferred® Credit Card is possibly the best alternative business credit card with a $95 annual fee.

With the Ink Business Preferred Credit Card, you can earn up to 3 points per $1 on the most common business and travel purchases. Although you’ll only earn 1 point per $1 on all base purchases, you’ll get these two additional benefits:

  • Points are worth 1.25 cents each when redeemed for travel (1 cent each for statement credits)
  • Can transfer points on a 1:1 basis to airline and hotel loyalty programs

You may want to view our comparison of the Capital One Spark vs Chase Ink Business Preferred to see how these cards differ.

Plus, if you own a personal Chase credit card that earns Ultimate Rewards points, you can pool your points to earn award travel sooner with the best Chase credit cards.

Summary

In conclusion, Capital One offers some enticing business cards that are fairly simple to use, thanks to the ability to earn unlimited rewards. They are pretty straightforward. They have reasonable (or no) annual fees, making them easy options to carry in your wallet. Plus, having no foreign transaction fee on your card is an added bonus of the Capital One Spark Business cards.

Learn more: Business Credit Cards

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1 Comment On "Capital One Spark Business Credit Cards Review"
  1. Ravi Gupta|

    Thanks for Shearing your post is to much informative and
    knowledgefull

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