CAPITAL ONE SPARK CASH FOR BUSINESS Credit Card Review

There are so many credit cards on the market, choosing the right card for your business can be overwhelming. In this series of reviews we’ll do the searching for you and help you make an informed choice.

Summary

Capital One offers a variety of business credit cards. One of their most popular is the Capital One Spark Cash business credit card, with its simplicity and high yield cash back rewards. The card features some nice perks like a low APR rate compared to competitors, as well as fraud protection coverage, a $500 cash bonus reward, and more.

The Spark Cash business credit card is distinguished in the competitive credit card market, with the highest unlimited cash back rewards around and very few added or hidden fees. Despite these perks, the Spark Cash business credit card does have a fairly large annual fee, no 0% APR period, and business owners need excellent credit to qualify. In this review we’ll sum up the highlights and perks of this card to help you find the right card for your business.

Who is Capital One Spark Cash right for?

Capital One’s Spark Cash business credit card is beneficial for businesses who want a simple credit card, who use credit cards heavily, and who will find the 2% cash back reward beneficial.

Learn more about this card on the Capital One Spark Business website.

Waived annual fee for the first year, then $95

PROS

Unlimited 2% cash back bonus
No fees for foreign transactions
Fraud coverage
You can redeem your cash back any time.
A great website and mobile app

CONS

Large annual fee
No 0% intro APR period
Excellent credit is needed to qualify
No other rewards are offered, only cash back

Capital One Spark Cash Alternative

With a 15-month introductory 0% APR period, a simple points-reward system, and the many perks that come with the American Express network, the Blue Business Plus card is worth considering.

American Express Blue Business Plus: No annual fee. 0% APR for 15 months

Read our American Express Blue Business Plus review

Business Credit Card Reviews

Pricing

Businesses interested in a simple credit card with a big unlimited cash back bonus and low APR rate can benefit from the Capital One Spark Business credit card.

Base Features

The Capital One Spark Cash business credit card features:

Unlimited 2% cash back on all purchases

Cash back rewards can be redeemed anytime

$500 cash bonus reward once you spend $4,500 on purchases within the first 3 months of the account being opened
No annual fee for the first year, then $95 per year onwards
Fraud protection coverage
No fees for foreign transactions
Capital One will send you a quarterly and yearly summary to keep your finances organized
The ability to transfer credit card activity to Quicken, Quickbooks, or an Excel spreadsheet
Mobile banking
Cash advance with either a $10 or 3% fee depending on the amount of cash received
$39 Late payment
$0 for first year, $95 per year onwards

Ratings

Value - 4.5/5

If your business is looking for a simple credit card with unlimited cash back rewards, the Capital One Spark Cash business credit card is definitely one to consider. With a low APR, no foreign transaction fees, and the ability to redeem your rewards at any time, the Capital One Spark Cash business credit card can be useful for many businesses. The only true drawbacks are the high annual fee and lack of a 0% intro APR period.

Customer Service - 4/5

Capital One's customer service is reachable through phone, email, and mail. Inevitably for such a large bank, customer service isn’t always perfect. In our experience, however, they have been quick and knowledgeable. One downside is that they do not offer an online chat on their website.

Ease of Use - 4.5/5

Capital One has a great website and mobile app. Information on their website is well designed, easy to access, and easy to understand. Their mobile app is really simple and well designed, making it easy to manage your finances form anywhere.

Included Features - 4/5

Some of Spark Cash business credit card’s features that stand out most are the 2% unlimited cash back, low APR rate, $500 cash bonus reward, fraud protection coverage, and no fees for foreign transactions. The only disappointments are the lack of added rewards like flight miles, no 0% intro APR period, and a high annual fee.

Conclusion

Capital One’s Spark Cash business credit card is great for businesses who want a simple credit card, and who will find the 2% cash back reward beneficial. The card has a lot of nice perks and is popular in the business credit card market. Despite a few cons, this is a great choice for many businesses.