OUR FAVORITE PARTNER CARDS

New 60,000 points offer. Terms apply.

50,000 bonus miles

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Disclosure, visit this page

The Capital One Spark lineup and the Chase Ink Business Preferred are two of the most popular business rewards credit cards. Although both cards earn rewards points on every purchase, there are many differences. To help you choose the right card for your business, read this Capital One Spark vs. Chase Ink Business Preferred comparison first.

Capital One Spark vs. Chase Ink Business Preferred

The Capital One Spark lineup consists of five different cards, but we’re going to focus on the two flagship products:

Capital One® Spark® Cash for Business

Capital One® Spark® Miles for Business

This will also help give us an “apples to apples comparison” between two business credit cards with a $95 annual fee too. But, the $95 annual fee is waived for the first year on the Capital One Spark credit cards.

Purchase Rewards

One of the largest differences between the Spark and the Chase Ink Business Preferred is the purchase rewards. Although some of the other comparisons are just as important, you want to use the business credit card that earns the most rewards points possible from your business spending.

Because every business spends money on different things, you might decide the Spark is the better option than the Ink Preferred. Or, you might decide that the Ink Preferred bonus categories are more relevant to your daily spending. It’s better to know which card is better now, than after you’ve already applied.

Capital One Spark

The Capital One® Spark® Cash for Business gives you the ability to earn an unlimited 2% cash back for your business on every purchase, everywhere. Plus, you can earn a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening.

The Capital One® Spark® Miles for Business gives you the opportunity to earn an unlimited 2 miles per $1 on every purchase, everywhere as well as the ability to earn a one-time bonus of 50,000 miles – equal to $500 in travel – once you spend $4,500 on purchases within the first 3 months from account opening. You also receive up to $100 to use towards a Global Entry or TSA PreCheck application fee.

Unlike the Ink Business Preferred that lets you redeem your rewards points for cash or award travel, it’s one or the other with Spark lineup.

Chase Ink Business Preferred

The Chase Ink Business Preferred has a tiered purchase rewards program that earns Chase Ultimate Rewards points on every purchase.

On the first $150,000 in combined annual spending, you’ll get 3 Ultimate Rewards points per $1 for these categories:

  • Travel Purchases
  • Shipping Purchases
  • Search Engine and Social Media Purchases
  • Internet, Cable, and Phone Services

If you exceed the $150,000 annual spending cap, all remaining purchases in these categories earn 1 point per $1 until your next account anniversary.

All non-bonus spending categories will always earn an unlimited 1 point per $1.

Capital One Spark

Redeeming Rewards Points

Redeeming your rewards points is easy with either credit card too. Your decision with either option boils down to if you want to travel or cash rewards.

Capital One Spark

One downside to the Spark lineup is that your rewards points can only be redeemed for one type of award depending on which card you sign up for:

  • Spark Cash: Cashback rewards
  • Spark Miles: Travel statement credits or future award travel

With either card, each rewards point is always worth one cent each.

Chase Ink Business Preferred

The Ink Business Preferred lets you redeem your rewards points for cash rewards, award travel, 1:1 point transfers, and gift cards. You’re never locked into one redemption option for the entire time you own the card.

However, there’s an added incentive to redeem your points for award travel. With cash back and gift card rewards, your points are only worth 1 cent each; just like the Capital One Spark. When you redeem them for award travel, your points are worth at least 1.25 cents each. Thanks to the 1:1 point transfers, there are many opportunities that make your points worth at least 2 cents each! That’s double the value of the Capital One Spark.

Some of the 1:1 Ultimate Rewards travel partners include Southwest Airlines, British Airways Avios, United Airlines, and World of Hyatt. There are 13 1:1 travel partners in all, and if you travel for business, the 1:1 points transfers are almost always a better option than going through the credit card travel portal.

Welcome Bonus

You’re going to love or hate the Capital One Spark or Chase Ink Business Preferred depending on how you can earn and redeem your points. But, the welcome bonus can be an additional incentive to choose one card over the other.

Capital One Spark

The Capital One® Spark® Cash for Business gives you the ability to earn a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening.

The Capital One® Spark® Miles for Business gives you the opportunity to earn a one-time bonus of 50,000 miles – equal to $500 in travel – once you spend $4,500 on purchases within the first 3 months from account opening.

Capital One also waives the $95 annual fee for the first year too!

Chase Ink Business Preferred

The Ink Business Preferred℠ Credit Card has the largest ongoing bonus offer for Ultimate Rewards Points. You’ll get 80,000 Ultimate Rewards points after spending $5,000 in the first three months.

When redeemed for travel, this bonus is worth $1,000 thanks to the 25% travel redemption bonus. Of course, your points can be worth more if you transfer them to an Ultimate Rewards travel partner. If you decide to redeem the entire bonus for non-travel rewards, they will be worth $800.

Even though you have to pay the annual fee for the first year of card ownership and you have to spend an extra $500, the sign-up bonus that’s double the value of the Capital One Spark.

Best Small Business Credit Cards: Chase Ink Business Preferred

Additional Card Benefits

The main value for both the Capital One Spark and Chase Ink Business Preferred is the ability to earn and redeem rewards points with minimal effort. But, both cards offer some additional benefits that you might like as well.

Capital One Spark

Here are a few of the additional Spark benefits:

  • Secondary rental car collision damage waiver protection
  • Extended warranty protection
  • No foreign transaction fee

Chase Ink Business Preferred

The Ink Business Preferred offer these additional travel benefits:

  • Primary rental car collision damage waiver protection
  • Cell phone protection
  • Extended warranty protection
  • Trip cancellation and protection insurance
  • No foreign transaction fee

When the Capital One Spark is Better

The Capital One Spark is a better option in these instances:

  • You benefit more from the 2% cash back or the 2x miles per $1
  • Don’t want to pay an annual fee the first year
  • Can’t reach the Ink Preferred’s $5,000 bonus offer spending requirement

The Chase Ink Business Preferred is Better When…

The Capital One Spark is a solid reward credit card, but you’ll benefit greatly from the Chase Ink Business Preferred in these cases:

  • Benefit from the 3x bonus categories
  • Want 1:1 point transfers and the 25% travel redemption bonus
  • Want more point redemption options
  • Can achieve the spending requirement for 80,000 bonus Ultimate Rewards points

Summary: Capital One Spark vs. Chase Ink Business Preferred

Which business credit card is better depends on your spending habits and point redemption preference. Both cards charge a $95 annual fee and you have to earn enough rewards points to exceed that fee.

In my opinion, the Ink Preferred is the best business rewards credit cards since you earn 80,000 Ultimate Rewards points which can then be transferred one of the Chase’s Ultimate Rewards transfer partners. 

Learn more:

Chase Ink Business Preferred

Capital One® Spark® Cash for Business

Capital One® Spark® Miles for Business

Johnny Jet Editorial

The comments on this page are not provided, reviewed, or otherwise approved by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.

Capital One Spark vs. Chase Ink Business Preferred
5 (100%) 1 vote[s]

Leave a Reply

Required fields are marked *