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Capital One® Spark® Cash for Business: 2% Cash Back All The Time

Capital One® Spark® Cash for Business: 2% Cash Back All The Time

If you want to avoid the hassle of point and mile redemption, this may be the right cash back card for your business.
Editor's Rating: 4.5/5.0

Editor's Rating

4.5/5.0

The Capital One® Spark® Cash for Business is a reliable business credit card options that most small business owners should consider. The card finds its strength in offering 2% cash back on all purchases, regardless of spending category. Although it has an annual fee of $95 (waived for the first year), the Capital One® Spark® Cash for Business is extremely flexible and would serve as a solid card for most people.

Is the Capital One® Spark® Cash for Business Worth It?

With 2% cash back on all spending regardless of category, the Capital One® Spark® Cash for Business offers a very compelling rewards rate for any small business. For small business owners that may value flexibility and ease of use, the card offers a very flexible 2% back making it incredibly worthwhile. For comparisons sake, the only consumer and business cards that offer higher rewards rates have awards that are limited to travel. If your business is in the market for a balance between high rewards and ease of use, then the Capital One® Spark® Cash for Business should definitely be on your list of considerations.

On Capital One's Secure Website

Capital One® Spark® Cash for Business

On Capital One's Secure Website
Earn a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening
  • Earning unlimited 2% cash back could mean thousands of dollars each year going back into your business
  • Plus, a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening
  • Use Spark Cash across all your business spend, with no categories to limit your purchasing
  • $0 intro annual fee for the first year; $95 after that
  • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
  • Get employee cards at no additional cost, and earn rewards from their business spend

Note: The information in this box was provided by Capital One and is not part of our independent analysis.

  • Earning unlimited 2% cash back could mean thousands of dollars each year going back into your business
  • Plus, a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening
  • Use Spark Cash across all your business spend, with no categories to limit your purchasing
  • $0 intro annual fee for the first year; $95 after that
  • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
  • Get employee cards at no additional cost, and earn rewards from their business spend
Annual Fee
$0 intro for first year; $95 after that
APR
19.24% (Variable)
Credit Needed
Excellent, Good

Other Business Card Options

As we have highlighted, the main reason for a business to get the Capital One® Spark® Cash for Business is its high flat rate rewards. Companies with very broad spending patterns will benefit from this type of rewards structure. If however your small business has most of its credit card expenses in particular areas, other business cards may end up coming out ahead.

Capital One® Spark® Cash Select for Business

On Capital One's Secure Website

Capital One® Spark® Cash Select for Business

On Capital One's Secure Website
One time bonus of $200 once you spend $3,000 in the first 3 months
  • Earning unlimited 1.5% cash back could mean thousands of dollars each year going back into your business
  • Plus, a one-time $200 cash bonus once you spend $3,000 on purchases within 3 months from account opening
  • Save on interest with 0% intro APR on purchases for 9 months; 15.24% - 23.24% variable APR after that
  • No annual fee
  • Use Spark Cash Select across all your business spend, with no categories to limit your purchasing
  • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
  • Get employee cards at no additional cost, and earn rewards from their business spend

Note: The information in this box was provided by Capital One and is not part of our independent analysis.

  • Earning unlimited 1.5% cash back could mean thousands of dollars each year going back into your business
  • Plus, a one-time $200 cash bonus once you spend $3,000 on purchases within 3 months from account opening
  • Save on interest with 0% intro APR on purchases for 9 months; 15.24% - 23.24% variable APR after that
  • No annual fee
  • Use Spark Cash Select across all your business spend, with no categories to limit your purchasing
  • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
  • Get employee cards at no additional cost, and earn rewards from their business spend
Annual Fee
$0
APR
15.24% - 23.24% (Variable)
Credit Needed
Excellent, Good

The Capital One® Spark® Cash Select for Business is that first alternative that comes to mind. The greatest difference between these two cards is that the Capital One® Spark® Cash Select for Business comes with no annual fee, but a lower cash back rate of 1.5%. Once the annual fee kicks in during the second year of the more expensive card, you'll need to spend at least $19,000 for the 2% card to come out ahead. Not accounting for any bonuses.

Ink Business Cash℠ Credit Card

On Chase's Secure Website

Ink Business Cash℠ Credit Card

On Chase's Secure Website
Earn $500 bonus cash back when you spend $3,000 on purchases in the first 3 months from account opening.
  • Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening
  • 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
  • 0% introductory APR for 12 months on purchases and balance transfers
  • Employee cards at no additional cost
  • No Annual Fee
  • Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening
  • 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
  • 0% introductory APR for 12 months on purchases and balance transfers
  • Employee cards at no additional cost
  • No Annual Fee
Annual Fee
$0
APR
15.49% - 21.49% Variable
Credit Needed
Excellent Credit

As we have highlighted, the main reason for a business to get the Capital One® Spark® Cash for Business is its high flat rate rewards. Companies with very broad spending patterns will benefit from this type of rewards structure. If, however, your small business has most of its credit card expenses in particular areas, other business cards may end up coming out ahead, such as the Ink Business Cash℠ Credit Card.

The Ink Business Cash℠ Credit Card offers 5% cash back on the first $25,000 in combined purchases spent at office supply stores and on internet, cable and phone services each year. The card also provides 2% cash back on the first $25,000 spent at gas stations and restaurants each year, and 1% cash back on all other purchases without limit. What makes these benefits exceptional is that the Ink Business Cash℠ Credit Card has absolutely no annual fee and additional cards for employees are provided at no extra cost. This makes the card a great option for the frugal business owner.

Our Verdict

If you're going to be spending $12,000 annually and see expenses coming from all classification of categories, we think that the Capital One® Spark® Cash for Business is the best card. It is one of the simplest credit cards available, making it an easy decision. Its why we named it one of our best credit cards for business owners.

Applying for the Capital One® Spark® Cash for Business

The Capital One® Spark® Cash for Business is designated for businesses with Good or Excellent credit scores. Business owners running a new company with limited financial or credit history will need to have a personal guarantee to get approval for the card. Capital One® will take into account your personal finances and credit history when evaluating your application.

Comments and Questions

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Info about the following cards: Premier Rewards Gold Card from American Express, Delta Reserve® Credit Card from American Express, Platinum Delta SkyMiles® Credit Card from American Express, Hilton Honors Surpass® Credit Card, American Express® Blue Sky, American Express® Green Card, The Amex EveryDay® Preferred Credit Card from American Express, The Amex EveryDay® Credit Card from American Express, The Plenti® Credit Card from Amex, Blue from American Express®, Platinum Card® from American Express Exclusively for Mercedes-Benz, Bluebird, Centurion® Card from American Express, Hilton Honors American Express Aspire Card, Starwood Preferred Guest® American Express Luxury Card, Amazon Business American Express Card, and Marriott Bonvoy Brilliant™ American Express® Card has been collected independently by ValuePenguin. The issuer did not provide the details, nor is it responsible for their accuracy.

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program.

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.

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® Card 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).

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