Most rewards credit cards for small business charge annual fees to help cover the cost of rebates, but not the Capital One® Spark® Cash Select for Business card. This no-annual-fee account furthers its appeal by offering a $200 Cash Bonus for new cardholders who spend $3,000 on purchases within the first 3 months. Cardholders earn 1.5 percent cash back on every purchase for your business, with no minimum to redeem. As with all Capital One offerings, this credit card charges no foreign transaction fees when making purchases outside of the U.S.
Capital One aims Spark Cash Select at the wallets of America's most frugal business owners with a feature set designed to scale. This card currently offers a zero percent introductory APR on purchases for nine months. Custom, itemized reports (quarterly and year-end) of your spending can help you simplify planning, budgeting and tax time for your business. Capital One's business specialists can issue extra cards for each of your employees, for free, but you control their purchasing limits and the kinds of transactions they can complete. With your whole team hunting for bargains, you can rack up a big cash rebate even faster. You'll track those earnings using Capital One’s website, where you can either request a statement credit on demand or set your reward redemption on auto-pilot.
If you want to maximize your rewards and you don't mind paying an annual fee, you may want to apply for the Capital One® Spark® Cash for Business credit card instead. It offers a flat, 2 percent cash back on all purchases with a $0 introductory annual fee for first year; $95 after that. On the other hand, shopping around for other no-annual-fee business cards with cash rewards could require a calculator.
The Ink Business CashSM Credit Card from Chase features a $0 annual fee and the chance to earn 5 percent cash back on the first $25,000 in combined purchases at office supply stores and on cellular phone, landline, Internet and cable TV services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other card purchases with no limit to the amount you can earn. If you can’t be bothered with keeping track of tiered cash-back rewards, keep Capital One® Spark® Cash Select for Business in mind.