Capital One Spark Cash Select for Good Credit review
With no caps on rewards, this card is an easy way for business owners to pocket some extra cash. Plus, its introductory 0% APR offer is a great perk for the business owner who needs some extra time to pay large purchases off. Information for this card not reviewed by or provided by Capital One.
Capital One Spark Cash Select for Good Credit
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Credit Score: credit_score_neededKey Features
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- New cardholders can enjoy 0% intro APR for 12 months before the regular ongoing reg_apr,reg_apr_type APR rate applies.
- Earn unlimited 1.5% cash back on all purchases with no categories or caps to worry about.
- This card charges no annual or foreign transaction fees.
- While 1.5% is a solid earn rate, you could earn more if you're willing to keep up with rotating categories or pay an annual fee.
Ink Business Unlimited® Credit Card
discontinued_disclaimerIf you’re looking for a business credit card that is easy to understand – no rotating categories, for instance, or points to redeem – and if you’re searching for a business credit card that gives you the chance to save money on everything you buy – cardholders can enjoy 0% intro APR for 12 months (then RegAPR) and 1.5% cash back on all purchases on an ongoing basis – the Capital One Spark Cash Select for Good Credit may be the card for you.
Capital One Spark Cash Select for Good Credit benefits
If you know you have some big business purchases coming up, and you’re currently interviewing credit cards to see which one you want to "hire," you may want to take a look at the Capital One Spark Cash Select for Good Credit.
Not every business can just shell out a lot of money to replace a computer system or renovate their building. Sometimes you need to have a credit card spend that money, and you’d like to pay it back over time.
That’s where the Capital One Spark Cash Select for Good Credit may come in handy. Twelve glorious months to pay things off at your leisure with no interest rate is a nice perk (after this intro period, RegAPR applies). Plus, there are plenty of other things to like about this card.
Capital One Spark Cash Select for Good Credit cardholders enjoy the following benefits:
- Unlimited 1.5% cash back for your business on every purchase, everywhere – with no limits or category restrictions
- No annual fee
- Rewards won’t expire for the life of the account
- Redeem your cash back rewards for any amount
- Free employee cards, which also earn unlimited 1.5% cash back on all purchases
- $0 fraud liability for unauthorized charges
- No foreign transaction fees
What credit score is required for the Capital One Spark Cash Select for Good Credit?
You’ll need at least good credit for the Capital One Spark Cash Select for Good Credit card. Generally, that tends to mean you’ll need at least a 670 credit score, though Capital One may take other facets of your credit history into account when deciding on approval.
What are the potential downsides of the Capital One Spark Cash Select for Good Credit?
Fortunately, there is no real dark side to the Capital One Spark Cash Select for Good Credit card. If you "hire" this card, you won’t find out later that it’s robbing you blind by stealing and hoarding office supplies (in other words, there’s no annual fee or foreign transaction fee or other hidden fees).
But like any employee you hire, you might think, "Here I bring you on my staff… maybe you could work a little harder."
It is possible, in other words, to find credit cards with higher cash back rates or longer 0% intro APR periods. You might be somebody who doesn’t mind rotating credit card categories and would love to see some higher cash back category of 3% or 5% for travel or office supply purchases, perhaps. If that’s you, the simple rewards structure this card offers may be a bit of a let down.
How does the Capital One Spark Cash Select for Good Credit compare to other cards?
Capital One Spark Cash Select for Good Credit vs. Capital One Spark Cash Select for Excellent Credit
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There aren’t many credit cards that could be considered twins, but these two credit cards really are alike. They even have the same name. They both offer 1.5% cash back on everything and have no annual fees and no foreign transaction fees, and with both cards, you can get free employee cards, which also earn unlimited 1.5% cash back on all purchases.
While perhaps twins, they aren’t identical. First off, you need excellent credit for approval consideration for the Capital One Spark Cash Select for Excellent Credit. It’s recommended that you have good credit to apply for the Capital One Spark Cash Select for Good Credit. Their APRs are also a little different, the good credit version features a RegAPR APR and the excellent credit version a RegAPR APR.
Finally, with the Capital One Spark Cash Select for Excellent Credit new cardholders can earn signup_reward cash back once you spend signup_bonus_spend_amount on purchases within the first three months from account opening.
Capital One Spark Cash Select for Good Credit vs. Capital One Spark Cash Plus
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You could call the Capital One Spark Cash Plus the older sibling of the Capital One Spark Cash Select for Good Credit. It isn’t a twin, though these cards are also similar.
With the Capital One Spark Cash Plus, cardholders can earn a one-time cash bonus of $2,000 once you spend $30,000 in the first three months, plus earn an additional $2,000 cash bonus for every $500,000 spent during the first year.
The Capital One Spark Cash Select for Good Credit has no cash bonus, just the possibly very helpful introductory APR offer.
And definitely worth noting – the Capital One Spark Cash Plus has no APR. You’re expected to pay the card off every month. If you don’t, you’ll be socked with a late fee.
The Capital One Spark Cash Plus card offers unlimited 2% cash back for everything you buy and unlimited 5% cash back on hotels and rental cars booked through Capital One’s travel booking site, while the Capital One Spark Cash Select for Good Credit gives you 1.5%.
Otherwise, the cards are fairly similar, though the Capital One Spark Cash Plus is definitely aimed at businesses that spend a lot. If you spend $150,000 a year, your annual fee will be refunded. There is no similar offering with the Capital One Spark Cash Select for Good Credit card.
Who is a good fit for the Capital One Spark Cash Select for Good Credit?
The Capital One Spark Cash Select for Good Credit is a worthy card for the business owner who has some expenses coming up – and doesn’t want to pay for it all at once and would like to take advantage of the 0% APR offer – and who likes the idea of having a simple cash back strategy for shaving off the price on everything the business purchases.
For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.
Disclaimer:The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we cannot guarantee the accuracy of the information in this article. Reasonable efforts are made to maintain accurate information. See the online credit card application for full terms and conditions on offers and rewards. Please verify all terms and conditions of any credit card prior to applying.
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