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® Credit Card 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.

Overlooking St. John's, capital of Newfoundland & Labrador
Use this Capital One Spark vs Chase Ink Business Preferred review to see how the benefits can help your business. View overlooking St. John’s, capital of Newfoundland & Labrador.

Capital One Spark vs Chase Ink Business Preferred

The information for the Capital One® Spark® Miles for Business, Capital One® Spark® Miles Select for Business, Capital One® Spark® Cash 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.

The Capital One Spark lineup consists of five different cards:

  • Capital One Spark Cash for Business
  • Capital One® Spark® Miles for Business
  • The Capital One® Spark® Miles Select for Business
  • Capital One® Spark® Cash Select for Business
  • Capital One® Spark® Classic for Business

However, we’re going to focus on these two flagship products:

  • Capital One Spark Cash for Business
  • Capital One® Spark® Miles for Business

There are also several Ink Business cards, including the no annual fee Ink Business Cash® Credit Card, the no annual fee Ink Business Unlimited® Credit Card, and the $95 annual fee Ink Business Preferred® Credit Card, which is the card we’ll be focusing on today.

This will also help give us an “apples to apples comparison” between the Capital One Spark Cash for Business, Capital One Spark Miles for Business, and Chase Ink Business Preferred Credit Card who all come with a $95 annual fee, though, the $95 annual fee is waived for the first year on these Capital One Spark credit cards.

Purchase Rewards

One of the largest differences between the Spark and the Chase Ink Business Preferred® Credit Card 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. There are no minimums to redeem cash back and no expiration dates for the life of the account. There are also free employee cards, which also earn unlimited 2% cash back on all purchases and $0 Fraud Liability if your card is lost or stolen.

Learn more: Business Credit Cards

The Capital One® Spark® Miles for Business gives you the opportunity to earn an unlimited 2x miles per $1 on every purchase, everywhere as well. There are also no minimums or expiration dates to worry about.

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

Chase Ink Business Preferred

The Chase Ink Business Preferred® Credit Card 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. Points don’t expire either.

Related: Ink Business Preferred Card Review

Redeeming Rewards Points

Redeeming your rewards points is easy with all three of these credit cards. Your decision 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 (Learn more: Business Credit Cards)
  • Spark Miles: Travel statement credits or future award travel

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

Chase Ink Business Preferred

The Ink Business Preferred® Credit Card 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 cards 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 up to $500 in bonus cash. You’ll earn a $500 cash bonus after spending $4,500 in the first 3 months of account opening.

The Capital One® Spark® Miles for Business gives you the opportunity to earn 50,000 miles after spending $4,500 in the first 3 months of account opening. Plus, if you transfer miles to 10+ airlines, you can get up to $100 credit for Global Entry or TSA PreCheck.

Transfer partners include:

  • Aeromexico
  • Air France KLM (Flying Blue)
  • Air Canada (Aeroplan)
  • Alitalia
  • Asia Miles
  • Avianca
  • Emirates
  • Etihad
  • EVA Air
  • Finnair
  • JetBlue
  • Qantas
  • Singapore Airlines

There are also two hotel partners—ALL (Accor Live Limitless) and Wyndham Rewards.

Related: Best Capital One Credit Cards

Ink Business Preferred Credit Card

The Ink Business Preferred® Credit Card has the largest ongoing bonus offer for Ultimate Rewards Points. You’ll get 100,000 Ultimate Rewards points after spending $15,000 in the first three months.

When redeemed for travel, this bonus is worth $1,250 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.

Chase transfer partners include:

  • Aer Lingus AerClub
  • British Airways Executive Club
  • Emirates Skywards
  • Air France KLM Flying Blue
  • Iberia Plus
  • JetBlue TrueBlue
  • Singapore Airlines KrisFlyer
  • Southwest Airline Rapid Rewards
  • United MileagePlus
  • Virgin Atlantic Flying Club

Chase Hotel Partners

  • IHG Rewards Club
  • Marriott Bonvoy
  • World of Hyatt

Related: Best Chase Credit Cards

Additional Card Benefits

The main value for both the Capital One Spark cards and Chase Ink Business Preferred Credit Card is the ability to earn and redeem rewards points with minimal effort. But, all three 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
  • Can be redeemed for any amount with no expiration
  • Miles can be transferred to 10+ Capital One travel partners (with the Spark Miles for Business card)

Chase Ink Business Preferred

The Ink Business Preferred Credit Card offers 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

The Chase Ink Business Preferred is Better When…

The Capital One Spark cards are solid reward credit cards, but you’ll benefit greatly from the Chase Ink Business Preferred® Credit Card 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 100,000 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.

100,000 Bonus Points: Ink Business Preferred® Credit Card

Capital One Spark Cash for Business (Learn more: Business Credit Cards)

Capital One® Spark® Miles for Business

Johnny Jet Editorial
Advertisement

Chase Sapphire Preferred® Card

recommended-cart-post-image
APPLY NOW
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 2x total points on up to $1,000 in grocery store purchases per month from November 1, 2020 to April 30, 2021. Includes eligible pick-up and delivery services.

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.

Leave a Reply

Required fields are marked *