The Spark small business credit card line was recently launched by Capital One and the company, in a press release, notes it wants to offer small business owners increased rewards from everyday purchases. The company's new portfolio offers a total of six credit card choices.
The six new credit cards are offering such rewards as cash back on all purchases, and miles, depending on the card chosen. Some of the cards offered and their major features include:
- Capital One® Spark® Cash for Business: Businesses that are looking for cash back rewards and who have good to excellent credit may want to consider this card. Offers 2 percent cash back on every purchase made. The card has an introductory annual fee of $0 for the first year, but an annual fee of $59 after that.
- Capital One® Spark® Miles for Business: Businesses where travel is frequent, and miles are the desired reward and those who have good to excellent credit may want to consider this card. Earn 2 miles for every dollar spent on purchases. The card has an introductory annual fee of $0 for the first year, but an annual fee of $59 after that.
Also offered for small business customers are the Capital One® Spark® Cash Select for Business, the Capital One® Spark® Miles Select for Business and the Capital One® Spark℠ Classic for Business and the Capital One® Spark® Select for Business. These cards offer slightly lower rewards on purchases and carry no annual membership fee.