Chase Ink vs. Capital One Spark [2024]: Which Business Cards Are Better?

CREDIT CARDS - BUSINESS CREDIT CARDS
We generally prefer Chase Ink Business credit cards to Capital One Spark cards, but we could see going with either issuer, depending on the situation.
Updated Feb. 20, 2024
Fact checked
Restaurant owner using computer with credit card

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We recommend Chase Ink Business credit cards because they help you maximize your earning potential with bonus rewards on many different, but common, business expenses. We especially think the Ink Business Preferred® Credit Card is a standout for frequent travelers.

We think certain Capital One Spark credit cards could be excellent choices depending on your situation and preferences. For example, the Capital One Spark Miles for Business makes sense if you want to use one card for all your business expenses.

Let’s dig into our Chase Ink vs. Capital One Spark credit card review to see how these business credit cards compare so you can decide which issuer might make sense for your business.

Key takeaways

  • You typically need at least a good credit score to qualify for a Chase Ink credit card, whereas you might only need a fair credit score to qualify for one of the Capital One Spark cards. Keep in mind that card issuers use multiple factors to determine card eligibility, and a certain credit score doesn’t guarantee approval.
  • Many Chase credit cards allow you to combine rewards points, which could increase their value and your overall earning potential. But you can’t combine points with the Ink Business Premier℠ Credit Card.
  • Chase has 14 travel partners compared with 18 from Capital One.
  • Capital One tends to focus on simple earning rates, whereas Chase has a few cards that offer bonus rewards in certain categories.
  • Both Chase and Capital One offer cashback, travel, and low-interest credit cards in their business card lineups.
In this article

Chase Ink vs. Capital One Spark comparison

Chase Ink Capital One Spark
Number of credit cards 4 6
Main issuer perks
  • Rewards can be combined between Chase Freedom, Chase Sapphire, and most Ink Business cards
  • Rewards are worth 25% more toward travel when redeemed through the Ultimate Rewards portal on the Ink Business Preferred® Credit Card
  • Purchase protection
  • Extended warranty protection
  • Auto rental collision damage waiver
  • Many Spark cards provide ways to cover past purchases with rewards
  • Credit score requirements range from fair to excellent
  • Purchase protection
  • Extended warranty protection
Point values 1-1.25 cents per point

(Note that you might receive more value with transfer partners)

1 cent per point

(Note that you might receive more value with transfer partners)

Travel partners
  • Aer Lingus
  • Air Canada
  • Air France KLM
  • British Airways
  • Emirates
  • Iberia
  • IHG
  • JetBlue
  • Marriott Bonvoy
  • Singapore Airlines
  • Southwest Airlines
  • United
  • Virgin Atlantic
  • World of Hyatt
  • Accor Live Limitless
  • AeroMexico
  • Air Canada
  • Air France KLM
  • Avianca
  • British Airways
  • Cathay Pacific (Asia Miles)
  • Choice Privileges
  • Emirates
  • Etihad
  • EVA Air
  • Finnair
  • Qantas
  • Singapore Airlines
  • TAP Air Portugal
  • Turkish Airlines
  • Virgin Red
  • Wyndham Rewards

Our verdict

Chase Ink Business credit cards are our overall recommended option for business owners because they offer loads of value with their earning rates and benefits, more so than we believe the average person can receive with Capital One Spark cards.

We also like how at least three of the Chase Ink cards (not the Ink Business Premier) can work well together to increase your overall earning potential and value of your rewards. For these reasons, we feel Chase Ink business cards are some of the best business credit cards available.

Chase Ink benefits and drawbacks

Pros Cons
  • Can combine points between most Ink Business, Chase Freedom, and Chase Sapphire cards
  • Lots of transfer partners if you have the Ink Business Preferred
  • Has cards with elevated earning rates for common business expenses
  • Can’t combine points with the Chase Ink Business Premier
  • You typically need multiple Chase cards to maximize your earning potential

We like how the Chase Ink cards generally offer earning rates that make sense for business owners. You can choose a simpler approach to earning with the Ink Business Premier or Ink Business Unlimited® Credit Card, or you can boost your earning potential on specific expenses with the Ink Business Cash® Credit Card and Ink Business Preferred.

And the rates can be quite generous on everyday business expenses. For example, the $0-annual-fee Ink Business Cash earns 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; 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year; and 1% cash back on all other purchases.

Add another or multiple Chase Ink cards into the mix, and you can earn even more rewards in other categories as well. Keep in mind that you can combine points between multiple Ink Business cards and increase your travel redemption value by 25% if you also have the Ink Business Preferred and book through Chase Ultimate Rewards.

Note that you can’t combine points with the Ink Business Premier.

Find out more about Chase Ink business cards.

Perspectives
Ben Walker, CEPF, CFEI®
Ben Walker, CEPF, CFEI®
Senior Credit Cards Writer

Ben is a Senior Credit Cards Writer for FinanceBuzz.

WHY I LIKE THE CHASE INK CASH

I’ve been using the Chase Ink Cash for years because it has a $0 annual fee and I can always count on its high rewards rate on everyday business expenses. I haven’t found any other card that competes with the return I’m able to get when I use the Ink Cash to pay for internet and phone services. And any time I have to make a purchase at an office supply store, this is my go-to card of choice so I can earn those sweet Ultimate Rewards points.

Capital One Spark benefits and drawbacks

Pros Cons
  • Huge focus on simple earning rates
  • Potentially easier to get started with Capital One Spark vs. Chase Ink
  • Lots of transfer partners with applicable travel cards
  • Not many specific bonus categories for earning rewards
  • Not all cards have welcome bonus offers

We like how Capital One Spark cards focus on simple earning rates. In this case, we mean generally being able to use one credit card for all your business expenses.

For example, take the Capital One Spark Cash Plus. This card earns 2% cash back on every purchase, every day; plus 5% cash back on hotels and rental cars booked through Capital One Travel.

Because you already earn an elevated 2% cashback rewards rate on every purchase, every day, you can easily use the Spark Cash Plus for all your business purchases. This might not add up to the same earning potential as some of the Chase Ink business cards, but there’s also value in not having to think about which card you should use for which expense.

Learn more about Capital One business cards.

Tip
It could be easier to get started with Capital One Spark versus Chase Ink business cards because the Capital One Spark Classic for Business typically only requires a fair credit score, which is a 580 on the FICO scoring model, to qualify. Note that card issuers use multiple factors to determine your eligibility, and a certain credit score doesn’t guarantee approval.

Capital One vs. Chase: What both companies excel at

Both Capital One and Chase offer different types of business credit cards to choose from, depending on your preferences and spending habits. For example, you can select from cashback, travel, and low-interest cards for your business.

That could be helpful for multiple scenarios, including a preference to earn cash back over miles. Or, wanting to earn rewards you can redeem for travel.

There’s no clear winner between which card issuer provides the better credit cards, as it depends on the situation. And that’s not a bad thing. It’s a testament to how valuable cards from both companies can be, including the ease of using any rewards you earn.

For travel redemptions with eligible cards, use the Chase Ultimate Rewards program or Capital One Travel. You could easily redeem your rewards toward flights, hotel stays, and car rentals with either online travel portal. Or you could transfer rewards to a variety of airline and hotel partners with either card issuer.

Cash back: Ink Business Premier℠ Credit Card vs. Capital One Spark Cash Plus

Ink Business Premier℠ Credit Card

Ink Business Premier℠ Credit Card 

5.0

Capital One Spark Cash Plus

Capital One Spark Cash Plus 

4.7

Earning rate 5% cash back on travel purchased through Chase Travel℠; unlimited 2.5% cash back on purchases of $5,000 or more; unlimited 2% cash back on all other business purchases 2% cash back on every purchase, every day; plus 5% cash back on hotels and rental cars booked through Capital One Travel
Welcome bonus Earn $1,000 bonus cash back after you spend $10,000 on purchases in the first 3 months from account opening Earn $1,500 after spending $20,000 in the first 3 months (plus an additional $1,500 after spending $100,000 in the first 6 months)
Annual fee $195 $150
Redemption methods
  • Statement credits
  • Bank deposits
  • Travel
  • Gift cards
  • Online shopping (Pay with Points)
  • Statement credits
  • Mailed checks
  • Travel
  • Cover past purchases
  • Gift cards
Foreign transaction fee None None
Credit needed Excellent, Good Excellent
Apply now
Learn more

The Chase Ink Business Premier and Capital One Spark Cash Plus have similar earning rates, annual fees, and redemption methods. They also don’t have foreign transaction fees.

The Spark Cash Plus has the lower $150 annual fee compared with the $195 annual fee on the Ink Business Premier. But the Ink Business Premier offers more earning potential with its elevated earning rate.

Specifically, you earn 2.5% cash back on purchases of $5,000 or more. That’s not something you can find on the Spark Cash Plus. And if you frequently have those types of large business expenses, you should more than cover the difference in annual fees with the extra rewards you’re earning.

For example, here’s how much cash back you would earn at a 2.5% versus 2% rate on purchases equalling $50,000:

  • 2.5% rate: $50,000 x 0.025 = $1,250
  • 2% rate: $50,000 x 0.02 = $1,000

That’s a sizable difference of $250 in rewards, which clearly puts the Ink Business Premier on top if you frequently make large purchases. It doesn’t hurt that the Ink Business Premier also provides cell phone protection, which the Spark Cash Plus doesn’t have.

Winner: We like the Ink Business Premier because it has more earning potential for high-spending businesses.

For lower annual fees, consider these other cashback cards from Chase and Capital One:

Travel rewards: Ink Business Preferred® Credit Card vs. Capital One Spark Miles for Business

Ink Business Preferred® Credit Card

Ink Business Preferred® Credit Card 

4.8

Capital One Spark Miles for Business

Capital One Spark Miles for Business 

4.9

Earning rate 3X points on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year; and 1X points per $1 on all other purchases 5X miles on rental cars and hotels booked through Capital One Travel, and 2X miles on every purchase, every day
Welcome bonus Earn 100k bonus points after you spend $8,000 on purchases in the first 3 months from account opening Earn 50,000 miles after spending $4,500 in the first 3 months
Annual fee $95 $95 (waived first year)
Redemption methods
  • Travel
  • Transfers to travel partners
  • Transfers to other eligible Chase cards
  • Statement credits
  • Bank deposits
  • Gift cards
  • Online shopping (Pay with Points)
  • Travel
  • Transfers to travel partners
  • Cover past travel purchases
  • Statement credits
  • Mailed checks
  • Gift cards
Foreign transaction fee None None
Credit needed Excellent, Good Excellent
Apply now
Learn more

The Ink Business Preferred and Capital One Spark Miles have a few similarities, including their annual fees, redemption methods, and no foreign transaction fees.

The primary difference between the two cards is how you earn rewards. The Ink Business Preferred focuses on specific bonus categories that likely align with common business expenses. And the Capital One Spark Miles provides a simple earning rate that makes it easy to use one card for all your business purchases.

So the better card for you depends on your preferences. Do you want loads of bonus categories or a simple earning rate?

Keep in mind that you could also increase your overall earning potential by using the Ink Business Preferred in tandem with the Ink Business Cash and Ink Business Unlimited. And points you move to the Ink Business Preferred in this manner are worth 25% more toward travel redemptions when booked through Chase Ultimate Rewards.

Winner: It depends. We recommend the Ink Business Preferred if your business expenses align with its bonus categories and you also combine points with the Ink Business Unlimited and Ink Business Cash. But for simple and straightforward earning potential, we recommend the Capital One Spark Miles.

For lower annual fees, consider these other travel credit cards from Chase and Capital One:

0% intro APR: Ink Business Unlimited® Credit Card vs. Capital One Spark Cash Select for Good Credit

Ink Business Unlimited® Credit Card

Ink Business Unlimited® Credit Card 

4.8

Capital One Spark Cash Select for Good Credit

Capital One Spark Cash Select for Good Credit 

4.1

Intro APR 0% intro APR for 12 months on purchases (then 18.49% - 24.49% Variable) 0% intro APR for first 12 months on purchases (then 21.24%, 26.24% or 29.24% (variable))
Annual fee $0 $0
Welcome bonus Earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening Introductory APR on purchases
Earning rate Unlimited 1.5% cash back on every purchase Unlimited 1.5% cash back on all purchases on all cards attached to the account; plus 5% cash back on hotels and rental cars booked through Capital One Travel
Credit needed Excellent, Good Good
Apply now
Learn more

There aren’t typically as many business credit cards with 0% introductory APR offers as personal cards. But you have two excellent options with the Ink Business Unlimited and Capital One Spark Cash Select.

These cards are quite similar and should provide about the same experience if you’re primarily looking for a 0% intro APR offer on purchases. But if you’re also interested in earning rewards, the Ink Business Unlimited typically has a better welcome offer than this version of the Capital One Spark Cash Select.

Note that there’s another version of the Spark Cash Select that provides a welcome offer but no 0% intro APR offer. None of these cards typically have 0% intro APR balance transfer offers.

Winner: We like the Ink Business Unlimited because it essentially matches the Capital One Spark Cash Select across the board and also provides a better welcome offer.

For another business card with a 0% intro APR offer, consider the Ink Business Cash. It offers 0% intro APR for 12 months on purchases (then 18.49% - 24.49% Variable).

Which credit card company should you choose?

When you should choose Chase

  • You already have a relationship with Chase
  • You would rather have different spending categories to help maximize your earning potential
  • You want to earn rewards for travel and plan on taking advantage of the 25% travel redemption bonus through Chase Ultimate Rewards on the Ink Business Preferred
  • You don’t mind using multiple business cards to boost your earning potential
  • You prefer Chase transfer partners, including Southwest, United, and Hyatt

Learn more about Chase credit cards.

When you should choose Capital One

  • You already have a relationship with Capital One
  • You prefer simple rewards rates
  • You would rather use one credit card for all your purchases
  • You prefer Capital One transfer partners, including Etihad, Turkish Airlines, and Wyndham

Learn more about Capital One credit cards.

What factors to consider before choosing

We generally recommend Chase Ink over Capital One Spark business cards, but you might find that either card issuer could work for you depending on your preferences and spending habits.

We like the Chase Ink cards because you can use the Chase Ink Business Cash, Unlimited, and Preferred cards together to maximize your earning potential. Simply use whichever card earns the highest rate in a specific category and then combine your points onto the Ink Business Preferred for a 25% boost to travel redemptions when booked through Chase Ultimate Rewards.

Here are the earning rates on each card:

  Ink Business Preferred® Credit Card

Ink Business Preferred® Credit Card

  Ink Business Cash® Credit Card

Ink Business Cash® Credit Card

  Ink Business Unlimited® Credit Card

Ink Business Unlimited® Credit Card

Rewards rate 3X points on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year; and 1X points per $1 on all other purchases 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; 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year; and 1% cash back on all other purchases Unlimited 1.5% cash back on every purchase

This strategy could be useful if your business expenses align with the bonus categories on these Chase Ink cards.

But if you don’t want to worry about using different cards for specific purchases, consider the Ink Business Premier. You can’t combine its points with the other Chase Ink cards, but it offers a simple earning rate of 5% cash back on travel purchased through Chase Travel℠; unlimited 2.5% cash back on purchases of $5,000 or more; unlimited 2% cash back on all other business purchases.

This generally beats the earning potential on any of the Capital One Spark cards, but Capital One has more cards to choose from with straightforward earning rates. So if keeping things simple is important to you, we recommend the Capital One Spark lineup.

FAQ

Is a Capital One Spark card hard to get?

It depends on which card you’re applying for, your credit score, and other factors as determined by Capital One. Here are the typical credit score requirements for some of the different Capital One Spark cards:

Note that your credit score is only one factor that credit card issuers take into account, and having a certain score doesn’t guarantee approval.

What credit score do you need for a Chase Ink business card?

You typically need at least a good or excellent credit score to qualify for a Chase Ink Business credit card. That’s a 670 and higher on the FICO scoring model. Keep in mind that Chase may also consider other factors besides your credit score when determining whether you qualify for a credit card.

Do you need a business license for a Capital One Spark card?

No, but you need to have business income. This could be as simple as doing freelance work or selling goods online. There’s a wide range of what counts as a “small business” and qualifies you for a business credit card. Keep in mind that you would still need to be approved based on your credit score and other factors.

What is the Capital One Spark business phone number?

You can call the number on the back of your Capital One Spark card or you can call one of these numbers depending on your needs:

  • Capital One Business customer service: 1-800-867-0904
  • Online credit card banking customer service: 1-866-750-0873
  • Benefits administrator: 1-800-397-9010
  • Report a lost or stolen card (international): 1-804-934-2001

Chase Ink vs. Capital One Spark: bottom line

We generally recommend Chase Ink over Capital One Spark business cards if you want to maximize your earning potential. This is especially true with the Ink Business Cash and Ink Business Preferred cards that offer high earning rates on specific business categories.

But you’ll likely find the most earning potential is through using the Ink Business Cash, Unlimited, and Preferred together and combining bonus points across all three cards. Note that the Ink Business Premier doesn’t have synergy with the other Chase Ink cards, but it can also provide plenty of value on its own.

If you prefer simple earning rates, the Capital One Spark cards have more options to choose from. One specific highlight is the Capital One Spark Miles because you can earn at least 2X miles on every purchase, every day.

Check out more of our top recommendations and compare credit cards to find the right credit card offer for you.

Up to 5% Cash Back

4.8

Ink Business Cash® Credit Card

Current Offer

Earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening

Annual Fee

$0

Rewards Rate

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; 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year; and 1% cash back on all other purchases

Benefits and Drawbacks
Card Details

Author Details

Ben Walker, CEPF, CFEI® Ben Walker, CEPF, CFEI®, is a Senior Credit Cards Writer at FinanceBuzz. For over a decade, he's leveraged credit card points and miles to travel the world. His expertise extends to other areas of personal finance — including loans, insurance, investing, and real estate — and you can find his insights on The Washington Post, Debt.com, Yahoo! Finance, and Fox Business.

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