Many business credit cards offer generous rewards programs, but they charge high annual fees or make their programs complicated to navigate. If you don't want to track bonus points on rotating categories or deal with annual limits on the cash back your company can earn, the Capital One® Spark® Cash Select for Business (learn more) might be the card you're looking for.
While this card doesn't provide offer premium features such as access to airline lounges, it's a simple card ideal for businesses that don't want to think a lot about how to maximize cardholder perks. It's an affordable card, too, with a $0 annual fee, free cards for employees, and even a 0% introductory APR (annual percentage rate) on purchases.
Not sure if it's the right choice for you? This Capital One® Spark® Cash Select for Business review will help you assess its features and decide if this is the card your business has been looking for.
Intro APR on purchases
- $200 cash bonus welcome offer
- Unlimited 1.5% cash back
- 0% intro APR on purchases
- Free employee cards
- No annual fee
- Other cards have longer intro APR periods
Who should get this card?
Are you hoping to avoid paying an annual fee for a bunch of cardholder perks you probably won't use? Or do you want an effortless credit card rewards program you don't have to think about? Do you want to finance purchases at a 0% APR and get added protections for every purchase you make?
If you answered yes to any of these questions, consider submitting a credit card application for the Capital One Spark Cash Select for Business. This card charges a $0 annual fee, provides a 0% introductory APR on purchases for 9 months, and gives you unlimited 1.5% cash back on all purchases on all cards attached to the account.
You can get free cards for your staff to earn rewards faster and redeem your cash back anytime you want with no limits or expiration dates.
And if all that wasn't enough, purchase protection ensures you can get eligible items repaired or replaced within 90 days of buying if something goes wrong — and eligible items purchased with your card will have the manufacturer's warranty doubled.
To get all these features, however, you'll need to make sure you're creditworthy, as this isn't a business credit card for people with no credit.
|Card Issuer||Capital One|
|Welcome Bonus||Earn a $200 cash bonus after spending $3,000 in the first 3 months|
|Recommended Credit Score||Excellent|
|Intro APR||0% APR on purchases for 9 months|
|Foreign Transaction Fee||None|
Top card benefits
- Decent early spend bonus: You can earn a $200 cash bonus after spending $3,000 in the first 3 months. Though not the highest bonus on the market, it’s a nice perk that should be relatively easy for most business owners to earn.
- Easy-to-follow rewards structure: Get a straightforward unlimited 1.5% cash back on all purchases on all cards attached to the account. There are no limits and no rotating bonus categories to worry about.
- 0% intro APR on purchases: You’ll pay 0% interest on new purchases during the first 9 months after opening the card, making the Capital One Spark Cash Select for Business an ideal choice if your company needs to pay off big buys over time.
- $0 annual fee: Unlike many other business cards, there's a $0 fee for becoming a card holder.
- Free employee cards: You can get credit cards for every member of your staff and earn rewards from all the purchases they make.
Earning and redeeming
One of the best things about the Capital One Spark Cash Select for Business is that the rewards program is incredibly simple. So you don't have to think about strategizing at all to get the most bang for your buck from this card.
Best ways to earn
Capital One's Spark Cash Select for Business simply provides unlimited 1.5% cash back on every purchase. There's no opportunity to earn bonus rewards, but you also don't need to worry about activating bonus categories or focusing your spending on specific things such as shopping or travel.
To maximize the rewards you earn, simply use your card for as many business purchases as you can. And don't forget to take advantage of the option to get free cards for all your employees so they can charge their purchases and help you earn rewards faster.
However, be careful not to rack up too big of a bill. If your account balance isn’t paid off before the intro APR expires, you’ll start paying interest fees — which would eat into all that cash back you earned.
Maximizing your redemptions
Redeeming your rewards is also very simple with Capital One's Spark Cash Select for Business. You can access the cash back you earn as a statement credit or a check. You can redeem any time you want to with no minimums, so you can put cash back right into your business.
If you want to make the redemption process even more effortless, you have the option to set up preferences for automatic redemption. You can choose to redeem your cash back at a specific time each calendar year. Or you can opt to automatically redeem once you've hit a specific rewards threshold, such as $50, $500, or $1,500. When you set up automatic redemption, you don't ever have to think about requesting cash back.
Capital One also allows you to redeem for credits for previous purchases or gift cards. But since you don't get any extra value for your cash back by taking advantage of these options, it's usually simpler to just get a check or statement credit.
Does Capital One cash back expire?
Capital One Cash back never expires, so you don't need to worry about losing the rewards you've earned with your Spark Cash Select for Business.
How does cash back work with Capital One?
Capital One makes it easy to earn cash back with the Spark Cash Select for Business since you simply get unlimited 1.5% cash back on every purchase. However, balance transfers and cash advances don't count as purchases, so you won't get any cash back when you complete these transactions with your card.
You can redeem cash back for a statement credit or request a check. And you can redeem manually anytime you want with no minimum redemption limit. You can also set up automatic redemption once you hit a specific threshold — starting at $25 and increasing from there — or at a specific time in the calendar year.
What is considered excellent credit?
The Capital One Spark Cash Select for Business requires you to have an excellent credit score. Capital One doesn't specify a specific minimum score in order to successfully apply for this card. A FICO score of 749-799 is considered "very good" and a score over 800 is considered "exceptional."
How do I redeem my Capital One Spark rewards?
To redeem your rewards, log into your Capital One account and navigate to the “Redeem Rewards” page. From there, you can select the amount you want to redeem and how you’d like the rewards delivered to you.
If you don't want to manually redeem rewards each time, you can also log into your account and set up automatic redemption.
Other cards to consider
Not sure if the Capital One Spark Cash Select for Business is right for you? There are a few other business cards to consider:
The Capital One® Spark® Cash for Business offers many of the same card features of the Spark Cash Select, including purchase protection and extended manufacturer warranties. This card charges a $95 (waived first year) annual fee after the first year, but it offers unlimited 2% cash back on all spending.
The Chase Ink Business Unlimited, on the other hand, provides the same unlimited 1.5% cash back as the Capital One Spark Cash Select Business does and also charges a $0 annual fee. The new cardmember sign-up bonus is more generous on this Ink card, though, as you can earn $500 bonus cash back after spending $3,000 in the first 3 months.
You also get a 0% intro APR period for 12 months on the Chase Ink Business Unlimited — longer than the one offered by Capital One.
Intro APR on purchases
Earn a $200 cash bonus after spending $3,000 in the first 3 months