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Capital One® Spark® Cash Select for Business Review

This card offers busy business owners the ease of a flat 1.5% cash back on every purchase for a bottom-line-friendly no annual fee. In addition to the rewards, cardholders enjoy a long list of extra benefits and a welcome offer.
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Capital One® Spark® Cash Select for Business

This card is no longer available.
Our Rating:   
Excellent, Good

CardRatings Editor's Analysis: Pros & Cons

  • This card is great for new business owners who don't travel frequently and prefer to skip the annual fee
  • Good earn rate and easy to manage rewards program with no sign-ups or caps to keep track of
  • You can go nine months saving on interest with a 0% intro APR on purchases (then, 14.49% - 22.49% (Variable)).
  • If you plan to spend $1,000 or more monthly, Capital One® Spark® Cash for Business may be a better choice to earn greater rewards.

Capital One® Spark® Cash Select for Business Essentials

Simplicity is the beauty of the Capital One® Spark® Cash Select for Business credit card. The offer and benefits are easy to understand and easy to take full advantage of. For the business owner that doesn't do much traveling, then Capital One® Spark® Cash Select for Business is a valuable addition to your business wallet.

The Capital One® Spark® Cash Select for Business card doesn't have the most lucrative introductory offer but it certainly can save you hundreds or even thousands of dollars. There is a 0% intro APR offer on all purchases for the first nine months after activation (then, 14.49% - 22.49% (Variable)). In addition, as soon as you make $3,000 in purchases in the first three months, you earn a $200 bonus.

More savings come in the form of a $0 annual fee.

The cash-back rate of 1.5% is not as high as some other cards, but it applies to all purchases made with your Capital One® Spark® Cash Select for Business card and that can easily add up to thousands of dollars per year that you can re-invest into your business. Plus, remember there's no annual fee to worry about offsetting.

If your business has several employees with the authority to make purchases on the company credit card, you can request additional cards at no charge. This allows multiple people to be able to make purchases on the account while racking up the rewards for your business.

Additional benefits include free fraud protection and alerts, quarterly and year-end summaries and no foreign transaction fees.

In addition, Capital One® Spark® Cash Select for Business features Visa Business Benefits, including auto rental collision damage waiver, travel and emergency assistance services and purchase security and extended protection.

Top Features

 Cash Back on Gas
1.5%
 Cash Back on Groceries
1.5%
 Cash Back on Other
1.5%

What Our Editors Like Best About Capital One® Spark® Cash Select for Business

As a business owner, you can always find a use for some extra cash and the Capital One® Spark® Cash Select for Business credit card provides you with several ways to bolster your bank account. The $0 annual fee is a savings of at least $95 a year over many, if not most, small business rewards cards. The $200 introductory bonus is easily attainable ($3,000 in purchases over the first three months). And then there is the enticing 1.5% cash back on every purchase with no limit on how much you can earn. Even if your business makes just $5,000 in purchases per month using the Capital One® Spark® Cash Select for Business card, that would mean $900 in cash back each year. And the best part, you can redeem cash-back rewards at any time in any amount. No minimum. And the rewards won't expire for the life of the account.

We also love the 0% introductory rate on purchases made over the first nine months after your account is activated. This could easily save your business hundreds or even thousands of dollars in interest, especially if you're a new business with some initial overhead costs or if you're looking to make a big purchase to take your business to the next level and need some interest-free time to pay it off.

We are also fans of the simplicity of the Capital One® Spark® Cash Select for Business. You don't have to worry about rotating categories – or any categories at all, in fact – to maximize your cash-back rewards. It's a straight 1.5% across the board on all purchases.

Potential Downsides of Capital One® Spark® Cash Select for Business

If you travel a great deal on business, you can still earn quite a bit of cash-back rewards, but you might do better with a card that offers reward miles or some special redemption options when it comes to travel. With some, the travel rewards you earn can carry a higher cash value than the 1.5% offered by Capital One® Spark® Cash Select for Business.

Also, if you have the time and inclination to manage your account closely, a card that offers higher cash-back rewards in particular categories your business frequently shops in could prove worth your time and attention..

Finally, your creditworthiness and your ability to make on-time payments is critical to making the most of the Capital One® Spark® Cash Select for Business card. To begin with, you need excellent credit to qualify for this card. And paying on time is critical as missed or late payments will quickly rack up interest charges that will eat into any of your rewards.

How Capital One® Spark® Cash Select for Business Compares to Similar Cards

Capital One® Spark® Cash Select for Business vs. Capital One® Spark® Cash for Business (This card is not currently available on CardRatings)

At first blush, it might seem that these are the same cards. But there are some rather significant differences that the consumer needs to be aware of.

Capital One® Spark® Cash Select for Business comes with a $0 annual fee. Capital One® Spark® Cash for Business, however, features a $0 annual fee for the first year and then charges a $95 annual fee after that.

Capital One® Spark® Cash Select for Business offers a $200 cash bonus after $3,000 in purchases over the first three months, while the Capital One® Spark® Cash for Business card offers a bigger bonus where you can earn a one-time $500 cash bonus when you spend $4,500 in the first three months your account is open.

Here's the biggie: Capital One® Spark® Cash Select for Business rewards you with an unlimited 1.5% cash back on all purchases; whereas Capital One® Spark® Cash for Business offers an unlimited 2% cash back on all purchases.

In other words, if your business spends enough to offset that annual fee (and it really wouldn't take much to do that given the 2% back you earn on all your purchases) you'd likely be better off with the Capital One® Spark® Cash for Business credit card.

Capital One® Spark® Cash Select for Business vs. Ink Business Cash℠ Credit Card

Capital One® Spark® Cash Select for Business offers an introductory 0% interest rate on all purchases for the first nine months before jumping to a 14.49% - 22.49% (Variable) APR based on creditworthiness. The Ink Business Cash℠ Credit Card makes its 0% introductory rate for 12 months on purchases (then, 13.24% - 19.24% Variable).

Capital One® Spark® Cash Select for Business gives 1.5% cash back across the board on all purchases. There is no limit on the amount of cash back you can earn and the rewards won't expire for the life of the account. With the Ink Business Cash℠ Credit Card, you earn 5% cash back on the first $25,000 spent each account anniversary year on combined purchases at office supply stores and on cellular, internet, cable and phone services. You earn 2% cash back on the first $25,000 spent each year at gas stations and restaurants. And you earn 1% back on everything else and once you reach the annual spending caps in the other categories.

Neither card charges an annual fee.

Capital One® Spark® Cash Select for Business offers a $200 cash bonus after $3,000 in purchases over the first three months. The Ink Business Cash℠ Credit Card offers a $500 bonus after $3,000 in purchases over the first three months. This decision will likely come down to whether your business can capitalize on the bonus rewards categories offered by the Ink Business Cash℠ Credit Card.

Capital One® Spark® Cash Select for Business vs. The Blue Business® Plus Credit Card from American Express

Neither card charges an annual fee. (American Express is a CardRatings advertiser. See Rates and Fees for The Blue Business® Plus Credit Card from American Express.)

Capital One® Spark® Cash Select for Business offers an introductory 0% interest rate on all purchases for the first nine months (then, 14.49% - 22.49% (Variable)). The Blue Business® Plus Credit Card from American Express offers a longer 0% introductory rate at 12 months from account opening on purchases, then jumps to 13.24% - 19.24% Variable (See Rates and Fees). Terms apply.

Capital One® Spark® Cash Select for Business rewards you at 1.5% cash back across the board on all purchases. There is no limit on the amount of cash back you can earn and the rewards won't expire. The Blue Business® Plus Credit Card from American Express lets you earn points to redeem for a variety of rewards, including travel, event tickets and gift cards to restaurants and stores. You earn 2 points for every $1 spent on all your purchases up to $50,000 each year. After that, it's one point per $1 spent.Terms apply Plus, new cardholders can earn up to $300 back to boost your business. You can earn up to $100 in the form of statement credits at each of the following merchants: Dell Technologies, DocuSign or FedEx after you make an eligible purchase on your new card within the first three months of card membership.

Capital One® Spark® Cash Select for Business does not charge for foreign transactions. The Blue Business® Plus Credit Card from American Express charges 2.7% for each foreign transaction (See Rates and Fees).

Who Should Get This Card?

The owner of a growing business that doesn't do much traveling is perfectly suited for the Capital One® Spark® Cash Select for Business credit card. The card provides multiple opportunities to save money and earn money that can be invested back into your business. In addition, the introductory offer and rewards program are easy to understand and easy to make the most of.

Anyone who likes to see their bank account grow without having to jump through too many hoops should also have this card in their wallet. A $200 bonus after $3,000 in qualifying purchases over the first three months, $0 annual fee, 0% interest on all purchases for the first nine months after card activation and limitless 1.5% cash back on all purchases adds up to many ways to pad your business' bottom line.


(See Rates and Fees of The Blue Business® Plus Credit Card from American Express)

Capital One® Spark® Cash Select for Business Compared to Other Cash back Cards

Cash Back on Gas
1.5% 
Cash Back on Gas
1.5% 
Cash Back on Gas
1% when you buy plus 1% as you pay 
Cash Back on Gas
Qualified applicants will receive exclusive benefits such as 1% cash back rewards on all purchases 
Cash Back on Groceries
1.5% 
Cash Back on Groceries
5% cash back on grocery store purchases (not including Target(R) or Walmart(R) purchases) on up to $12,000 spent in the first year. 
Cash Back on Groceries
1% when you buy plus 1% as you pay 
Cash Back on Groceries
Qualified applicants will receive exclusive benefits such as 1% cash back rewards on all purchases 
Cash Back on other
1.5% 
Cash Back on other
1.5% 
Cash Back on other
1% when you buy plus 1% as you pay 
Cash Back on other
Qualified applicants will receive exclusive benefits such as 1% cash back rewards on all purchases 

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