Capital One Spark Business Credit Cards
John Ganotis
Updated Jun 05, 2018
Capital One Spark is Capital One’s line of small business credit cards. For Capital One’s personal cards go to this page.
There are five Spark cards in total. Four are designed for business owners with excellent credit, with a fifth designed for people with fair or average credit. They all effectively earn cash back rewards.
| Card | Annual Fee | Credit Level | Rewards | Intro APR |
|---|---|---|---|---|
| Spark Cash (Review) | $95, $0 first year | Excellent |
|
None |
| Spark Cash Select (Review) | $0 | Excellent |
|
0% intro APR on purchases for 12 months |
| Spark Miles (Review) | $95, $0 first year | Excellent |
|
None |
| Spark Miles Select (Review) | $0 | Excellent |
|
0% intro APR on purchases for 12 months |
| Spark Classic (Review) | $0 | Fair or Average |
|
None |
All these cards report to three different credit bureaus: Dun & Bradstreet, Experian, and the Small Business Financial Exchange.
These cards do not have foreign transaction fees.
Unlimited employee cards are available on all these cards for free. Spending on employee cards earn rewards, and you can set individual credit limits on each card.
These cards all earn an unlimited amount of cash back (or “miles”) at a fixed rate on all your business expenses. Some other business card back cards have an annual cap on certain bonus categories. You may find it beneficial to get more than one business credit card to maximize rewards. You could spend on a different business card that earns more in certain categories, then use one of these Capital One Spark cards for all other purchases when you’d earn less with another card.
Spark Classic (Fair Credit)
The Spark Classic is designed for people with fair or average credit. It’s a good offer for that credit level considering it has no annual fee and earns an unlimited 1% cash back on all purchases.
Capital One® Spark® Classic for Business
For People with
Fair Credit
- Annual Fee: $0
- Interest Rate: 24.24% Variable
Quick Card Facts
- Enjoy no annual fee
- Build business credit with responsible use with eligibility for an automatic credit line increase
- Earn 1% cash back on every purchase, every day
- Separate business expenses from personal expenses
- $0 Fraud Liability if your card is ever lost or stolen
- Get additional employee cards for no cost
- Enjoy business benefits like Year-End Summaries and experienced small business customer service
Spark Cash & Spark Miles (Excellent Credit)
For business owners with excellent credit, there are four different options: two different Spark Cash cards and two different Spark Miles cards. Within each family, there’s a rewards card with no annual fee, and a second card that earns more rewards and has an annual fee.
Based on our research, there’s no reason to get a Spark Miles card over a Spark Cash card.
With the Spark Miles or Spark Miles Select you’ll earn 2 or 1.5 miles per dollar spent, respectively. These “miles” can only be redeemed for travel purchases at a rate of 1¢ each. Alternatively, with the Spark Cash or Spark Cash Select you’ll earn 2% or 1.5% on all purchases, respectively. You’ll get this cash back as a statement credit, regardless of the types of purchases you make.
Spark Cash cards
The main differences between these cards are the amount of cash back they earn and the annual fees:
- Spark Cash: 2% cash back, $95 annual fee after the first year
- Spark Cash Select: 1.5% cash back, no annual fee
The Spark Cash cards are a great deal, since you can earn an unlimited amount of cash back no matter how much you spend on the cards. The main difference between these card is the amount of cash back each earns. To help with cash flow, the Spark Cash Select also offers a 12-month 0% introductory APR on purchases, which the Spark Cash does not have.
Based on the annual fee and cash back potential, we’ve calculated that if your small business spends more than $19,000 per year, you’ll earn more rewards value with the Spark Cash than the Spark Cash Select. This table shows the amount of cash back you’ll earn with each card (after the annual fee) at several levels of spending:
| Amount Spent Annually | Cash Back Earned, Spark Cash | Cash Back Earned, Spark Cash Select |
|---|---|---|
| $2,500 | -$45 | $37.50 |
| $4,750 | $0 | $71.25 |
| $10,000 | $105 | $150 |
| $19,000 | $285 | $285 |
| $25,000 | $405 | $375 |
| $50,000 | $905 | $750 |
| $100,000 | $1,905 | $1,500 |
Capital One® Spark® Cash for Business
For People with
Excellent Credit
- Annual Fee: $95 (waived the first year)
- Interest Rate: 17.99% Variable
Quick Card Facts
- Earn 2% cash back on every purchase, every day
- Plus, a one-time $500 cash bonus once you spend $4,500 on purchases within the first 3 months
- Cash rewards don't expire, and there are no categories to limit where or what you buy
- $0 intro annual fee for the first year; $95 after that
- Redeem cash rewards anytime, for any amount, even set up automatic redemption
- No foreign transaction fees
- Earn unlimited cash rewards that don't expire
Capital One® Spark® Cash Select for Business
For People with
Excellent Credit
- Annual Fee: $0
- Interest Rate: 13.99%, 17.99%, or 21.99% Variable
Quick Card Facts
- Earn 1.5% cash back on every purchase, every day
- Plus, a one-time $200 cash bonus once you spend $3,000 on purchases within the first 3 months
- Save on interest with 0% intro APR on purchases until May 2016; 12.9%-20.9% variable APR after that
- Pay no annual fee or foreign transaction fees
- Get online Quarterly and Year-End Summaries
- Redeem cash rewards anytime, for any amount, even set up automatic redemption
- Earn unlimited cash rewards that don't expire
Spark Miles cards
The main differences between these cards are the annual fee and how many “miles” they earn:
- Spark Miles: 2 miles per $1 spent, $95 annual fee after the first year
- Spark Miles Select: 1.5 miles per $1 spent, no annual fee
These “miles” can be redeemed for travel purchases at 1¢ each. So, the Spark Miles cards provide the same cash back value with more restrictions on how the rewards can be redeemed. There’s not really a reason to get one of these cards over the equivalent Spark Cash card.
The same $19,000 spending threshold applies to the Spark Miles vs. the Spark Miles Select that applies to the Spark Cash cards, provided you can redeem all your rewards for travel purchases. The Spark Miles Select comes with a 12-month 0% introductory APR on purchases, while the Spark Miles doesn’t.
Capital One® Spark® Miles for Business
For People with
Excellent Credit
- Annual Fee: $0 for the first year, then $95
- Interest Rate: 17.99% Variable
Quick Card Facts
- Earn 2 miles per dollar spent on every purchase, every day
- Plus, a one-time bonus of 50,000 miles once you spend $4,500 on purchases within the first 3 months
- Miles don't expire, and there are no categories to limit where or what you buy
- $0 intro annual fee for the first year; $95 after that
- There's no limit to the amount of miles you can earn and miles don't expire
- Redeem miles for travel, cash back, gift cards, and more
- No foreign transaction fees and fly on any airline, anytime, with no blackout dates or seat restrictions
Capital One® Spark® Miles Select for Business
For People with
Excellent Credit
- Annual Fee: $0
- Interest Rate: 13.99%, 17.99%, or 21.99% Variable
Quick Card Facts
- Earn 1.5 miles per dollar spent on every purchase, every day
- Plus, a one-time bonus of 20,000 miles once you spend $3,000 on purchases within the first 3 months
- Miles don't expire, and there are no categories to limit where or what you buy
- Pay no annual fee or foreign transaction fees
- Get online Quarterly and Year-End Summaries
- There's no limit to the amount of miles you can earn and miles don't expire
- Fly on any airline, anytime, with no blackout dates or seat restrictions
Capital One Business Card Features
Benefits
All Capital One business cards come with a certain set of benefits, provided by Capital One. They also come with more benefits and protections provided by either Visa or Mastercard.
The benefits provided by Capital One are:
- No foreign transaction fees: No extra charges for transactions made outside the U.S.
- Experienced Business Customer Service Representatives: Specially trained to help with your business needs.
- Employee cards: Get free employee cards to manage spending and maximize your reward potential.
- Spending Summaries: Quarterly and year-end summaries of purchases.
- Connect to Quickbooks®: Transfer your spending data to Quickbooks, Quicken, or Excel.
- Shopping Protections: Including Purchase Security and Extended Warranties.
- Travel Protections: You’ll get an Auto Rental Collision Damage Waiver, along with Travel and Emergency Assistance Services.
- Fraud Protection: Real-time coverage of fraud attempts to help protect your account.
- Account Alerts: Personalized email or text reminders to help you stay on top of all account activity.
- Personalized Payment Due Date: Pick your own monthly due date.
Capital One will also provide a link to the Guide to Benefits that comes with each of their cards, a very handy resource.
Compare Business Credit Cards
Browse business credit cards on our partner’s site below.
Business Credit Cards
- Bring your Business finances to the next level with a Business rewards card.
- Bonus offer – new card holders may be eligible for welcome bonuses of up to 100,000 points.
- Earn rewards points on your everyday business expenses.
- Rewards can be redeemed for business expenses like airfare, gas, or hotel rooms.
- Credit cards and charge cards are available.
- Terms vary by partner offer. Please see each bank’s application for terms and conditions.
- Clicking Apply Now will take you to CreditCards.com to compare Business cards from participating partners.
