Capital One® Spark® Cash Select for Business

Josh Patoka
April 26, 2019

Business credit cards that don’t charge an annual fee can be hit or miss in regards to their benefits. The Capital One Spark Cash Select is one of the better options if you want to earn cash rewards. You earn unlimited 1.5% back on every purchase and never pay an annual fee or a foreign transaction fee. New cardmembers can also receive a $200 cash signup bonus after spending $3,000 in the first 3 months. There is also a 0% introductory purchase APR for the first 9 months.

Additional employee cards are also available for free. Capital One’s business perks also help make bookkeeping easy as they produce quarterly and annual spending reports. Capital One requires the card applicant to have good to excellent personal credit. This card can be a better match than the $95-a-year Capital One Spark Cash for Business if you spend less than $19,000 annually because that’s when the 2% rewards begin earning more than the 1.5% back.

Advantages of the Capital One Spark Cash Select for Business

Unlimited 1.5% cash back: Getting 1.5% back on every purchase makes this card one of the highest rewarding business credit cards that don’t charge an annual fee. Flat rate rewards also make it easy to calculate how much cash back you earn with each purchase. You can redeem your rewards balance at any time without a minimum redemption amount.

New cardmember bonus: First-time cardmembers have the chance to earn $200 bonus cash after making $3,000 in purchases within the first 3 months. You also earn 1.5% back on these purchases. Capital One also offers a 0% introductory APR on new purchases for the first 9 months. Afterward, the remaining balance begins accruing interest at 15.24%, 19.24%, or 23.24% APR depending on your creditworthiness.

No annual fee: Not paying an annual fee means you keep 100% of your rewards. This is also one of the few $0 annual fee business credit cards that don’t charge a foreign transaction fee. That is a potential 3% savings for every international purchase you make.

Capital One business benefits: All card transactions can upload to accounting programs including Quickbooks, Quicken, and Excel. You can also receive quarterly and annual spending reports that help track spending by employee and purchase category.

Why You Might Want a Different Card

Spend at least $19,000 annually: If you make at least $19,000 in annual card purchases, you can earn more with the Capital One Spark Cash for Business, which earns unlimited 2% back but has a $95 annual fee ($0 during the first year). If you spend less the $19,000 annually, the Spark Cash Select still nets more cash back because it doesn’t have a $95 annual fee.

Want travel redemption options: Other business rewards credit cards let you redeem points for cash or travel awards. Cash rewards are still very flexible as they can be used to pay for future purchases or as statement credits. Also, there isn’t a redemption minimum, which lets you quickly redeem your rewards.

No bonus categories: Other $0 annual fee business credit cards offer tiered purchase rewards higher than 1.5% per $1 spent. Businesses with low expenses may earn more rewards if the bonus categories align with their primary expense categories.

Is the Capital One Spark Cash Select for Business Right for my Business?

Businesses that spend less than $19,000 annually will benefit the most from the unlimited 1.5% cash rewards. The Capital One Spark Cash Select for Business is also a good option if you don’t benefit from tiered bonus categories or you don’t want to pay a foreign transaction fee.

Click “Apply now” to get started with Capital One.