Capital One® Spark® Cash for Business Credit Card Review

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Capital One Spark Cash Business Credit Card
Image Credit: Capital One

Review Summary:

One of the highest rates of cash back around and a generous welcome bonus make the Capital One® Spark® Cash for Business card an attractive choice for small business owners.

Pros

Cons

  • Earn 2% cash back on all purchases with no limits
  • Receive a $500 welcome bonus after spending $5,000 within three months of account opening and $1,500
    when you spend $50,000 in the first six months
  • Redeem your cash back rewards at any time and in any amount  with no expiration
  • No foreign transaction fees
  • $95 annual fee that’s waived the first year
  • Higher than average interest rate

Team Clark is a big fan of earning cash back rewards from your credit cards, and there’s no faster way to earn them than using the right card for your small business purchases.

A key factor that makes for a great cash back credit card is simplicity. It’s always nice when a card offers a high rate of cash back on all purchases without having to remember which categories offer bonuses for which purchases. The Capital One® Spark® Cash for Business card is not just a simple cash back card for small business owners, it also offers one of the highest rates of cash back on all purchases, plus a generous welcome bonus.

How the Capital One Spark Cash Credit Card Works

Capital One Spark Cash Review: Table of Contents

How to Earn Rewards 

You can start off by earning a $500 welcome bonus after you use your card to spend $5,000 within three months of account opening and $1,500 when you spend $50,000 in the first six months. You also earn an unlimited 2% cash back on all purchases with no limits.

How to Redeem Rewards 

You can redeem your rewards in any amount and at any time during the life of your account. You can also setup your account to automatically redeem your rewards every time they reach a certain threshold, like $20. Your rewards never expire.

Additional Cardholder Benefits 

As a Visa Signature card, the Spark Cash for Business card offers you numerous travel insurance and purchase protection benefits, including extended warranty, price protection and auto rental collision damage waiver coverage.

You also get business benefits like year-end summaries and the ability to download your purchase records into multiple formats including Quicken®, QuickBooks® and Excel®. You can also order free employee cards and place spending limits on each one.

Alternatives to the Capital One® Spark® Cash for Business Card

  • Chase Ink Business CashThis card offers you $500 in cash back after spending just $3,000 in new purchases within three months of account opening. You also receive 5% cash back on up to $25,000 spent in combined purchases at office supplies stores, and on internet, cable and phone services, and 1% cash back elsewhere. This card’s big advantage is that you can transfer the cash back to Ultimate Rewards points when you have another card like the Sapphire Preferred, Sapphire Reserve or Ink Business Preferred. There’s no annual fee for this card.
  • Blue Business Cash from American ExpressThis card offers you 2% cash back on all eligible purchases up to $50,000 per calendar year, and 1% after that. There’s no annual fee for this card.
  • Chase Ink Business UnlimitedThis card offers you 1.5% cash back on all purchases with no limits. You can also receive $500 in cash back after spending just $3,000 in new purchases within three months of account opening. As with the Chase Ink Cash, you can transfer the cash back to Ultimate Rewards points when you have another card like the Sapphire Preferred, Sapphire Reserve or Ink Business Preferred. There’s no annual fee for this card.

Final Thought

This is a card for small business owners that just want to “set it and forget it” and earn the most possible cash back from using a single card for their company purchases. By offering a generous welcome bonus and letting you earn unlimited cash back on your purchases, the Capital One® Spark® Cash for Business is one of the best small business credit cards that you can get.

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