Capital One® Spark® Cash Select for Business
Are you a small business owner or independent contractor who’s looking for an easy-to-use rewards card that earns bonus cash back on every purchase? The Spark Cash Select for Business from Capital One could be the card for you.
Every dollar you spend earns 1.5 percent cash back, no matter what you’re buying. You don’t have worry about special bonus categories or devising strategies to maximize your returns. And there’s no limit on the cash back you can earn.
Consider this: if you spend just $2,000 a month, you’ll get a solid $360 back a year. That’s net profit because this card has no annual fee.
If you already have a rewards card, considering getting this one as a backup. It costs nothing and earns a bonus on all purchases. So you can keep it forever at no cost and use it for purchases that wouldn’t otherwise earn extra points with your other rewards cards.
In addition to this card’s simple and lucrative earning scheme, you’ll also get a quick $200 for signing up and spending $3,000 in the first three months of card membership. To top off the welcome bonus, you’ll get nine months of 0% APR on new purchases. If you need a little time to pay off a big ticket item or an investment in your business, this card fits the bill.
Bonuses and Benefits
Knowing what benefits come with a credit card can help you decide if it’s a good fit for you. Here we cover the bonuses and perks that the Capital One® Spark® Cash Select for Business offers and the value of the Capital One Capital One® Cash Back Rewards cashback you earn.
Spend just $3,000 in the first three months of card membership and you’ll get an easy $200. You’ll also get nine months of interest-free financing on new purchases. If you’re thinking about expanding your business or making a big purchase, this card can help with 0% APR.
One added perk that many small business owners will appreciate is free employee cards. Not only will it be easy to track employee spending thanks to Capital One’s Spark Business tools, but you’ll get all of the rewards. Every dollar an employee spends earns cash back for the primary cardholder’s account.
What You Get
- Earn $200 after you spend $3,000 on purchases in the first 3 months
- 1.5% cashback on every purchase
- Free employee cards that earn rewards for you
- 0% APR on new purchases for 9 months
The cashback rewards you earn with the Spark Cash Select for Business will never expire as long as you keep your account open and in good standing. There’s also no limit on the rewards you can earn at the 1.5 percent return rate.
Everyday Earnings with Capital One® Spark® Cash Select for Business
One of the best features of the Spark Cash Select is its excellent everyday earning potential. Every purchase you make earns a bonus. You’ll get a solid 1.5 percent return on every dollar. You don’t have to worry about maximizing your earning or figuring out which special bonus categories your purchases fall into. Just use the card and earn cash.
If you’re already in the rewards game and have cards that earn bonus miles or points for certain purchases like groceries and gas, this card is a great option for getting a little extra when you wouldn’t otherwise earn a bonus. Plus you can keep this card without risk or investment since it has no annual fee.
- Car Rental
- All Other Purchases
Every purchase, with no exception and no limits, earns a return of 1.5 percent.
No Foreign Transaction Fees
You can use this card while traveling abroad and you won’t be charged any additional fees.
Travel and Emergency Assistance
Cardholders get access to a wide range of emergency services, including ticket replacement, legal or medical referrals and more. Available 24 hours a day, 365 days a year.
Need help with dinner reservations, event tickets or travel planning? Call Visa concierge any time of day.
Earn Elite Status Fast
The Spark Cash Select for Business is not a travel card and does not offer any way to earn elite status with airline or hotel loyalty programs.
Fees: the cost of Having Capital One® Spark® Cash Select for Business
The Spark Cash Select is a no-fee card. That means that every penny you earn in rewards is a net profit for you. There’s also no reason to not have this card in your wallet since there’s no cost.
This card comes with a $200 sign-up bonus, and since you don’t have to apply that to covering an annual fee, it’s essentially free money.
- Annual Fee
- Foreign Transaction Fee
- Late Payment Fee
- Up to $39
The Spark Cash Select for Business is a no-fee card. You do not have to earn a certain amount of rewards in order to cover the cost since it’s free. It’s still good to know roughly how much you’ll be earning, though. We’ve broken out our estimates for the first- and second-year net earnings.
These estimates are based on an annual monthly spend of $2,000
Top 5 Benefits of the Spark® Cash Select Credit Card for Business
The Spark Cash Select for Business is a solid no-fee cashback card for any small business owner or independent contractor who wants to earn a bonus for every purchase.
- Sign-Up Bonus: You’ll get a quick $200 just for getting the card and meeting the minimum spend. That’s not bad for a card without an annual fee.
- Bonus Earning on Every Purchase: You’ll get a solid 0 return on every purchase you make, and there’s no limit on the cash back you can earn.
- No Annual Fee: There’s no cost to hold this card, so there’s no reason you shouldn’t add it to your wallet.
- Hassle-Free Rewards: There’s no need to hunt down the best redemptions or worry about limited award space. Just redeem for cash, essentially earning 1.5 cents per dollar spent.
- 0% Introductory APR on Purchases: Looking for a card to help finance a big purchase? Or maybe you’re thinking about a short-term investment in your business? Get interest-free financing for the first 9 months of card membership.
While it’s not the most rewarding card on the market, the Spark Cash Select for Business earns a solid 1.5 percent return on every purchase and has no annual fee. That makes it a great card for anyone who doesn’t want to deal with the hassle of special bonus categories for purchases or complicated award redemptions from airlines.
That doesn’t mean, though, that it’s only good for those who are new to credit card rewards. Since this card has no cost and earns a bonus on all purchases, it’s a great backup to have in case your other rewards cards aren’t going to earn more than a 1 percent return on a particular purchase.
Another reason to consider this card is if you have a lot of expenses coming up soon and you’re going to have to carry a balance for a few months. Grab this card and take advantage of some interest-free financing. All new purchases get 0% APR for the first nine months you have the card. Just be sure to pay off your balance before the special rate runs out. Paying interest can quickly eat away all the rewards you earn.
Need more info? Check out our frequently asked questions. If you have other questions, please click on “Ask Now” below.
The Spark Cash Select card is designed for small business owners who have excellent credit. It comes with some special features geared toward business owners, like quarterly and year-end spending summaries for budgeting and tax preparation, downloadable records for Quicken, QuickBooks, Excel, free employee cards, access to dedicated business customer service representatives and more.
If you don’t think you’ll use these benefits, you should consider applying for Capital One’s personal version of the card, Quicksilver. It comes with the same earning potential and interest-free period on purchases, but also adds 0% financing for nine months on balance transfers. The only drawback is that the sign-up bonus is $50 less, at $150. Though you only have to spend $500 in three months to get the bonus.
Note that it doesn’t take much to qualify for a business credit card. You just have to show the issuer that you make some profit from self-employment. This could be as simple as selling items on ebay or Etsy. Independent contractors qualify, too.
Spark Cash Select for Business is a cashback card, not a travel rewards card. You cannot directly redeem the rewards you earn with this card for airfare, hotels, car rentals or other travel. You can, however, use the cash back you earn to pay for any travel you want. Simply redeem your rewards for either a statement credit or a check and use it toward purchases from any airline, hotel or other travel outlet.
If you’d rather have a travel card, consider a Miles card from Capital One. The Spark Miles Select is very similar to the Spark Cash Select card. It has no annual fee and offers 1.5 miles for every dollar spent. You’ll also get a 20,000 miles sign-up bonus that’s worth $200 in travel. Miles can be used to cover travel purchases you’ve already made via Capital One’s Purchase Eraser or for future travel through the travel portal operated by Orbitz.
Capital One’s policy is to limit customers to two directly issued personal cards. However, that does not include store cards, such as Saks or Kohl’s, or secured cards, which are designed for building credit. That means you can only have two of their travel or cashback cards, which are branded as Venture and Quicksilver, respectively.
While there isn’t a written policy dealing with business cards, the limit does not seem to include the Spark for Business cards either. If you’re looking for a way to carry more Capital One cards, you could look into getting a business card.
You should immediately call Capital One to report the missing card. The Spark Cash Select card comes with $0 liability, so you won’t be charge for any unauthorized purchases made on the card.
Since the Spark Cash Select is a Visa Signature card, it includes Emergency Card Replacement services. Wherever you are in the world, Visa will send you a new card as quickly as possible. If you need cash until the new card arrives, you also qualify for Emergency Cash Disbursement. Emergency cash will be sent to a convenient location close to you.
Compare Capital One Business Cards
Other Capital One Business cards
Capital One offers four business cards. There are two Spark Cash cards, designed to earn cash back, and two Spark Miles cards, which are targeted toward travelers. There are fee and no-fee versions for both.
|Capital One® Spark® Cash for Business||Capital One® Spark® Miles Business Credit Card||Capital One® Spark® Miles Select Business Credit Card|
|Sign-up bonus||$500||$200||50,000 miles||20,000 miles|
|Annual Fee||$0 first year, then $95||$0||$0 first year, then $95||$0|
|APR On Purchases||17.99% Variable±||13.99% to 21.99% Variable±||17.99% Variable±||13.99% to 21.99% Variable±|
|Second Year Value||$480||$360||$480||$360|
The Spark Cash card is a step up from the Spark Cash Select, offering a bigger sign-up bonus and better earning potential. It also comes with a $59 annual fee, which is waived for the first year. You’ll get 2 percent back on every purchase and a $500 bonus after spending $4,500. The Select card has no fee, earns 1.5 percent per dollar and has a $200 bonus after spending $3,000.
The Spark Miles Select is the no-fee version of the standard Spark Miles card, which has a $59 annual fee that’s waived for the first year. Like the Cash cards, the standard Miles card has better benefits, offering two miles per dollar and a 50,000 miles sign-up bonus, compared to the Select card’s 1.5 miles per dollar and 20,000 miles bonus.
The Miles cards can be used to pay for travel purchases via the Travel Purchase Eraser or through Capital One’s travel portal powered by Orbitz. The Cash cards, on the other hand, can only be used to earn cash back. The best card for you will depend on how much you spend and what you want use your rewards for.
Compare Spark® Cash Select Credit Card for Business to Other Cards
There are a lot of small business rewards cards on the market. Let’s take a look at how the Spark Cash Select stands up to the competition.
Of these cards, the Ink Business Cash card is the most similar to the Spark Cash Select. Like the select, it’s a no-fee cashback card, though its earning scheme is notably different.
With the Ink card, you’ll get an impressive 5 percent back on the first $25,000 you spend a year at office supply stores and on internet, cable and phone services. You’ll also get a solid 2 percent back at gas stations and restaurants for up to $25,000 in spending a year. All other purchases and all purchases in those categories beyond their $25,000 limits will earn just 1 percent back. Also, the card’s sign-up bonus is $100 more, offering a total of $300 after spending $3,000.
So why would you choose the Spark Cash over the Ink Cash? The cards can serve different purposes. The Spark is an easy-to-use earner. You’ll never have to worry about special categories or limits, making it a good card for everyday spending or just as a backup for purchases that wouldn’t earn a bonus with other rewards cards. The Ink card is better for someone who wants to take a more active approach to reward earning. It would make a good primary card that you could supplement with something like the Spark card.
Both the Amex Business Gold Rewards and the Starwood Preferred Guest Business cards are best for someone who wants to be able to transfer their points to various airline and hotel partners for free travel. The Amex card is a better all-around earner, with several bonus categories. The SPG card, on the other hand, has unparalleled flexibility due to its 30+ airline transfer partners. You can potentially get a lot more value per point with these cards, but you’ll have to put in some time in order to find the best redemptions.
Whenever you apply for a credit card make sure you read the terms and conditions of the card and the rewards program to find out about minimum spend requirements and any restrictions to ensure you can successfully obtain the card and earn the rewards it offers.
Card Terms and Conditions
While it's easy to focus on the rewards offered by the Spark Cash Select for Business, it's worth taking a closer look at the terms and conditions. There's a lot to consider as you think about how you're going to use the card. Will you carry a balance, get a cash advance or maybe make a big purchase? Below is a rundown of the various interest rates, purchase protections, security features and mobile banking options that come with this Visa Signature card.
- Ongoing APR:
- 13.99% to 21.99% Variable±
- Intro APR for balance transfers:
- See Terms and Conditions
- Minimum Grace Period:
- 25 days
- Intro APR:
- 0% introductory APR for the first 9 months that your account is open
- Extended Warranty Protection:
- Get an additional year of coverage at no charge on eligible items that are purchased with your card.
- Purchase Protection:
- Visa will replace, repair or reimburse you for eligible items in the event of theft or damage. Good for 90 day from the date of purchase.
Cash Advance Features
- Ongoing APR:
- 23.99% Variable±
- Cash Advance Fee:
- Either $10 or 3% of the amount of each cash advance, whichever is greater
Security and Protections
Capital One offers a variety security features for your Spark for Business card.
- Fraud Alerts:
- Get real-time alerts for fraud attempts and unusual account activity via text, email or phone.
- Zero Liability:
- You’ll never have to pay for any fraudulent charges billed to your account.
- Emv Chip Technology:
- Get global acceptance and enhanced security at merchants that use chip-enabled terminals.
- Credit Wise From Capital One:
- Keep track of your credit standing and monitor your score with this free tool.
Use the Capital One Mobile App and digital wallets to keep an eye on your account and to make purchases safely.
- Capital One Mobile App:
- Use your mobile device or tablet to pay bills, monitor account activity, set up alerts and more.
- Digital Wallets:
- Make safe and secure purchases online and in stores with Apple Pay, Samsung Pay, Android Pay or Capital One Wallet.
Additional Cardholder Benefits
Visa Signature Business cards, like the Spark Cash Select, come with a variety of cardholder travel benefits, including:
Visa Signature Travel Benefits
- Auto Rental Collision Damage Waiver:
- Primary coverage for theft and collision when you pay for your rental with your Spark Cash card.
- Emergency Card Replacement And Emergency Cash Disbursement:
- Get your lost or stolen card replaced quickly anywhere in the world. You can also receive emergency cash if needed.
- Lost Luggage Reimbursement:
- Get up to $3,000 per passenger for damaged or lost bags.
- Roadside Dispatch:
- Get towing and locksmith referrals for service in the United States by calling 1-800-VISA-TOW. Service charges apply.
- Travel Accident Insurance:
- Receive accidental death or dismemberment coverage for any air, bus, train or cruise ship transportation paid for with your card.
- Travel And Emergency Assistance:
- Visa offers a wide range of emergency services, including ticket replacement, legal or medical referrals and more. Service is available 24 hours a day, 365 days a year.
- Baggage Delay Insurance:
- Reimbursement for essentials, such as toiletries and clothing, if bags are delayed over 6 hours. Get up to $100 a day for 3 days.