The Capital One® Spark® Cash Select for Business provides a solid 1.5% cash back rate for all your business expenses. This makes it an excellent choice for businesses with diverse spending patterns that don’t fit a single category. Plus, there is no annual fee with this card.
New applicants can earn a one-time $200 cash bonus once you spend $3,000 on purchases within 3 months from account opening.
Most small business credit cards, like the Ink Business Cash℠ Credit Card or the SimplyCash® Plus Business Credit Card from American Express, give their highest rewards to select categories, such as office supplies, dining, and travel. When you charge other things to these cards, you generally get no more than 1% back. If you’re interested in a simple, fixed-rate rewards program the Spark Cash Select is a good one to choose.
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Spark Cash Select for Business Summary
With the Capital One® Spark® Cash Select for Business:
• Earning unlimited 1.5% cash back could mean thousands of dollars each year going back into your business
• Plus, a one-time $200 cash bonus once you spend $3,000 on purchases within 3 months from account opening
• Save on interest with 0% intro APR on purchases for 9 months; 14.24%-22.24% variable APR after that
• No annual fee
• Use Spark Cash Select across all your business spend, with no categories to limit your purchasing
• Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
• Get employee cards at no additional cost, and earn rewards from their business spend
Earn An Unlimited 1.5% Cash Back
You’ll earn unlimited 1.5% cash back on all purchases with the Spark Cash Select. Your cash back will not expire as long as your account is open.
There are also no foreign transaction fees, so it can be a good card to use if you’re outside the U.S. Plus, you don’t have to pay more to add employee cards to your account.
If you want free money with no hassle, it’s a good option.
Manually redeem the cash back you earn with the Spark Cash Select as a statement credit or as a check. Statement credit is usually the easiest way to redeem.
Capital One also provides an automatic redemption system you can set up. This will automatically redeem your cash back at either a set time every year or when it reaches a specified threshold.
You can also redeem your cash back for certain purchases, gift cards, and other expenses. But these methods are subject to change and won’t always grant the full value of 1 cent for every 1 cent you’ve earned. So, it’s usually best to just redeem for statement credits.
With the Capital One® Spark® Cash Select for Business, you can earn an unlimited 1.5% cash back on all business expenses. This is great for companies that spend less than $19,000 per year.
For companies that spend over $19,000 per year, the Capital One® Spark® Cash for Business may be a better option for you. It earns an unlimited 2% cash back instead and comes with a $95 annual fee, waived the first year. As you spend more, the difference in cash back you’ll earn will grow more in favor of the Spark Cash card.
Nonetheless, the Spark Cash Select is a solid choice is great for small business owners who don’t want to keep track of bonus categories or want to avoid extra fees. However, if your business spends thousands of dollars a year on a credit card or you spend a lot in another card’s bonus category, you can probably earn a richer return elsewhere. See all the credit card promotions and their reviews offered here on BCS!
Learn more about this card and find out how you can apply here.
Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airline, or hotel chain, and has not been reviewed, approved, or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone, not those of the bank, credit card issuer, airline, or hotel chain, and have not been reviewed, approved, or otherwise endorsed by any of these entities.