Best Capital One Business Credit Cards for 2022
Best Capital One Business Credit Cards for 2022
The Capital One Spark Cash Plus is the best pick for businesses. With an unfussy 2% Cash Back on every purchase; 5% Cash Back on hotels and rental cars booked through Capital One Travel, you'll earn cash back rewards whether you're purchasing office furniture or business travel.
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Top Capital One business credit cards of 2022
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Signing up for a business credit card is one tiny but significant step toward legitimizing your small business. Not only does it separate your personal finances from your business expenses, but it also allows your business to start building your business credit score.
Finding the best credit card for your small business will depend on what you’re hoping to get out of a card and how your company’s expenditures break down annually. Capital One offers five small business credit cards, which provide a wide range of rewards, services and features, so you can find the card that fits your business.
Compare the best Capital One business credit cards of 2022
Card | Welcome Offer | Credit Needed | Annual Fee | ||
|---|---|---|---|---|---|
| Heavy spenders |
Capital One Spark Cash Plus
| Earn up to a $1,000 cash bonus; $500 once you spend $5,000 in the first 3 months, and $500 once you spend $50,000 in the first 6 months of account opening | 660 - 850 | $150 | Apply Now
On Capital One's Secure Website |
| Low expenses |
Capital One Spark Cash Select - $500 Cash Bonus
| $500 Cash Back once you spend $4,500 on purchases within the first 3 months from account opening | 720 - 850 | $0 | Apply Now
On Capital One's Secure Website |
| Frequent flyers |
Capital One Spark Miles for Business
| 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. | 660 - 850 | $0 intro for first year; $95 after that | Apply Now
On Capital One's Secure Website |
View more cards
Welcome Offer
Credit Score Needed
Annual Fee
Best Capital One business credit card overall and for heavy spenders
Capital One Spark Cash Plus
Earn up to a $1,000 cash bonus; $500 once you spend $5,000 in the first 3 months, and $500 once you spend $50,000 in the first 6 months of account opening
$150
N/A
660 - 850
- Earn up to a $1,000 cash bonus; $500 once you spend $5,000 in the first 3 months, and $500 once you spend $50,000 in the first 6 months of account opening
- Earn unlimited 2% cash back on every purchase, everywhere—with no limits or category restrictions
- Comes with no preset spending limit, so it can adapt to your needs based on your spending behavior, payment history and credit profile
- Earn an annual $200 cash bonus every year you spend $200,000 or more
- Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel
- Add employee cards for free, and earn unlimited 2% cash back from their purchases
- $150 annual fee
- Spark Cash Plus has no APR because your balance is due in full every month
The Capital One Spark Cash Plus is the best Capital One business card for big spenders because it requires heavy spending to earn the full welcome bonus, which is one of the largest we've ever seen. You'll Earn up to a $1,000 cash bonus; $500 once you spend $5,000 in the first 3 months, and $500 once you spend $50,000 in the first 6 months of account opening. You'll also 2% Cash Back on every purchase; 5% Cash Back on hotels and rental cars booked through Capital One Travel. Big spenders can earn an additional $200 cash bonus per year when they make at least $200,000 in purchases.
Best Capital One business credit card for low expenses
Capital One Spark Cash Select - $500 Cash Bonus
$500 Cash Back once you spend $4,500 on purchases within the first 3 months from account opening
$0
16.24% - 22.24% (Variable)
720 - 850
- Earn a $500 bonus when you spend $4,500 in the first 3 months of account opening
- Earn unlimited 1.5% cash back for your business on every purchase, everywhere — with no limits or category restrictions
- No annual fee
- Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel
- Rewards won't expire for the life of the account
- Redeem your cash back rewards for any amount
- Free employee cards, which also earn unlimited 1.5% cash back on all purchases
- $0 fraud liability if your card is lost or stolen
If your business overhead is low, the Capital One Spark Cash Select - $500 Cash Bonus is the best option for you. Even with low expenses, your business can earn $500 Cash Back once you spend $4,500 on purchases within the first 3 months from account opening. Plus, there is no annual fee to worry about, and you'll earn 1.5% Cash Back on every purchase; 5% Cash Back on hotels and rental cars booked through Capital One Travel.
Best Capital One business credit card for frequent flyers
Capital One Spark Miles for Business
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.
$0 intro for first year; $95 after that
23.99% (Variable)
660 - 850
- 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
- Earn unlimited 2X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won't expire for the life of the account
- Transfer your miles to 15+ travel loyalty programs
- Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services
- Fly through security with one statement credit for either the $85 TSA PreCheck® application fee or the $100 Global Entry application fee
- $0 intro annual fee for the first year; $95 after that
- Free employee cards which also earn unlimited 2X miles from their purchases
Frequent flyers will love the Capital One Spark Miles for Business because its rewards can be used to book travel through Capital One Travel or transfer to Capital One's travel partners to book directly with airlines or hotels. The card earns 2 Miles per $1 on every purchase, everywhere and includes reimbursement of up to $100 for Global Entry or TSA PreCheck application fees. You can also earn up to 5x on hotels and rental cars through Capital One Travel to complete your travel itinerary.
Best Capital One business credit card for moderate travelers
Capital One Spark Miles Select for Business
One-time bonus of 20,000 miles once you spend $3,000 on purchases within 3 months from account opening
$0
15.49%, 21.49% or 25.49% (Variable)
660 - 850
- Earn unlimited 1.5X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won't expire for the life of the account
- Earn a one-time bonus of 20,000 miles – equal to $200 in travel – once you spend $3,000 on purchases within the first 3 months from account opening
- Earn 5X miles on hotel and rental car bookings through Capital One Travel using a Spark Miles Select card
- Save on interest with 0% intro APR on purchases for 9 months; 14.24% - 24.24% variable APR after that
- No annual fee
- Transfer your miles to 15+ leading travel loyalty programs like Air Canada and Emirates™
- Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services
- Free employee cards which also earn unlimited 1.5X miles from their purchases
The Capital One Spark Miles Select for Business is the best card for occasional travelers because it earns generous rewards without having to pay an annual fee. You'll earn a One-time bonus of 20,000 miles once you spend $3,000 on purchases within 3 months from account opening plus 1.5 Miles per $1 on every purchase. You have excellent flexibility with your miles because they can be used to book travel through Capital One Travel or transfer to 15+ airline and hotel partners to book award reservations.
Best Capital One business credit card for new businesses
Capital One Spark Classic for Business
$0
26.99% (Variable)
600 - 660
- Earn unlimited 1% cash back for your business on every purchase, everywhere, no limits or category restrictions
- No annual fee
- Build and strengthen credit for your business by using this credit card responsibly
- $0 Fraud Liability if your card is lost or stolen
- Free employee cards, which also earn unlimited 1% cash back on all purchases
- Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
- No foreign transaction fees
It can take time for new business owners to build enough credit to qualify for the best credit cards. The Capital One Spark Classic for Business helps you build your credit while also earning rewards. You'll earn an unlimited 1% Cash Back on every purchase without paying an annual fee. And Capital One will report your usage and payment history to the credit bureaus to help you build your credit.
Capital One business credit card benefits
In addition to earning rewards, all Capital One Spark cards come equipped with valuable travel protections:
- Rental collision coverage: When paying with your eligible car rental with your Spark card, you'll enjoy complimentary auto rental coverage that covers damage or theft.
- Travel assistance: When traveling, you can reach out to Capital One's emergency services to get legal or medical referrals or other travel-related advice.
- Roadside assistance: In the event of an auto-related emergency, you'll have access to roadside assistance that can help with jump-starting, towing and more.
- No foreign transaction fees: When making purchases abroad in another currency, you won't have to pay any foreign transaction fees with your Spark card.
You'll also enjoy the following shopping protection benefits:
- $0 fraud liability: If your card is lost or stolen, you won't be responsible for fraudulent charges.
- Extended warranty and protection: When purchasing items with your Spark card that comes with a manufacturer's warranty, this coverage extends the warranty period.
Should I choose a Capital One miles card or cashback card?
Among the Capital One Spark business card options, you must choose between earning cash back or travel rewards.
For most businesses, we advise you to apply for the Capital One Spark cashback cards, as you'll gain the most value and flexibility by opting to earn cash. With the Spark Miles cards, these rewards are best for travel purchases but yield a lower return if you opt for cash back.
Below, we take a look at the three Spark cashback cards. We recommend choosing the option that best aligns with your annual spending and your credit history. Here are the fees and rewards of each cashback card, side-by-side:
Capital One Spark Cash Plus | Capital One Spark Cash Select - $500 Cash Bonus | Capital One Spark Classic for Business | |
|---|---|---|---|
| Annual fee | $150 | $0 | $0 |
| Sign-up bonus | Earn up to a $1,000 cash bonus; $500 once you spend $5,000 in the first 3 months, and $500 once you spend $50,000 in the first 6 months of account opening | $500 Cash Back once you spend $4,500 on purchases within the first 3 months from account opening | N/A |
| Promotional APR | N/A | N/A | N/A |
| Regular APR | N/A | 16.24% - 22.24% (Variable) APR | 26.99% (Variable) |
| Rewards | 2% Cash Back on every purchase; 5% Cash Back on hotels and rental cars booked through Capital One Travel | 1.5% Cash Back on every purchase; 5% Cash Back on hotels and rental cars booked through Capital One Travel | 1% Cash Back on every purchase |
| Foreign transaction fees | None | None | None |
Apply Now
On Capital One's Secure Website | Apply Now
On Capital One's Secure Website |
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How do the Capital One business credit cards compare to other cards?
Among the top issuers — American Express, Bank of America and Chase — the Capital One business credit cards provide relatively low rewards in comparison. Other issuers offer businesses the ability to specialize in particular merchant categories, giving higher rewards on these purchases.
For example, the Chase Ink Business Cash® Credit Card is a popular business card that lets users 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. While these rates are equal to or better than any of the Spark cards, you'll have to keep up with multiple purchase categories that may not even fit your business needs.
Therefore, if you fail to find a business credit card at any other issuer that matches up well with how you spend your money, we recommend considering one of the Capital One Spark cards for an unlimited rewards rate.
FAQs about Capital One business credit cards
Capital One Spark for Business is Capital One's line of business credit cards. There are two types: cashback and travel rewards (miles-earning) cards.
You cannot have more than five Capital One cards total at one time (including personal and business cards).
To open a Capital One business account, you must apply for any of Capital One's business credit cards. Be prepared to provide business information on your application, such as your business' total annual revenue and your business tax ID number or employee ID number. (Business tax IDs are not required for sole proprietorships.)
No. All Capital One business credit cards waive foreign transaction fees.
No. Your miles never expire so long as you keep your account open.
No. Your cash back never expires so long as you keep your account open.
Recap of the best Capital One business credit cards of 2022
- Best for heavy spenders: Capital One Spark Cash Plus
- Best for low expenses: Capital One Spark Cash Select - $500 Cash Bonus
- Best for frequent flyers: Capital One Spark Miles for Business
- Best for moderate travel: Capital One Spark Miles Select for Business
- Best for new businesses: Capital One Spark Classic for Business
Methodology
To make choosing the right card easier, we've looked at credit cards reviewed on ValuePenguin as well as cards on major issuer sites to compile a list of the best rewards credit cards available right now. Our recommendations are based on the additional value you can earn with the cards — including the rewards value, cost of ownership and value of benefits such as travel and purchase protections, lounge membership and airline companion passes. Our choices are not influenced by our advertisers. Learn more on how we calculate rewards.
The information related to Capital One Spark Miles Select for Business and Capital One Spark Classic for Business has been independently collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication.
These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
Advertiser Disclosure: The products that appear on this site may be from companies from which ValuePenguin receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). ValuePenguin does not include all financial institutions or all products offered available in the marketplace.
How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.
Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. The card awards 2 points on travel and dining and 1 point on everything else. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125).