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Capital One Spark Classic for Business Review

It may not have the lowest APR, but this small-business credit card offers strong value for entrepreneurs who want to build corporate credit while enjoying no annual fee and cash back on every purchase. Information for this card not reviewed by or provided by Capital One.
author Curtis Arnold

Capital One Spark Classic for Business

Capital One Spark Classic for Business
Our Rating:   
Average, Fair, Limited

CardRatings Editor's Analysis: Pros & Cons

  • All of the flexibility of the Capital One Venture Rewards Credit Card without the annual fee.
  • The sky’s the limit when it comes to how much cash back you can earn; 1% on every purchase.
  • Using this card in a responsible manner can help bolster your corporate credit.
  • If you have better than average credit you may want to consider a card with higher rewards potential.
Terms and Limitations Apply.

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CAPITAL ONE® SPARK® CLASSIC FOR BUSINESS BENEFITS

The CardName offers several benefits:

  • No annual fee
  • 1% cash back rewards on all purchases
  • Automatic fraud and security alerts
  • No fraud liability for lost or stolen cards
  • Free employee cards that each can be set for customized spending limits and also earn rewards
  • Cardholders pick their own monthly bill due dates
  • Ability to set up automatic payments
  • Ability to conveniently download purchase records in QuickBooks®, Excel®, or Quicken® formats
  • No foreign transaction fees for purchases made outside of the United States
  • Roadside assistance services, such as towing, jump-starting, and tire changing
  • Emergency travel assistance services, such as ticket replacement and legal and medical referrals
  • Extended warranty and protection on eligible purchases

Top Features

 Rewards
1 % Cash Back on every purchase. 1 % Cash Back on every purchase. 5 % Cash Back on hotels and rental cars booked through Capital One Travel. 1 % Cash Back on every purchase. 5 % Cash Back on hotels and rental cars booked through Capital One Travel.
 Bonus Rewards
N/A
 Annual Fee
$0

WHAT OUR EDITORS LIKE MOST ABOUT CAPITAL ONE® SPARK® CLASSIC

If you're a small business owner who needs credit, it can be difficult to find a lender that will issue a business card to you – especially if you have no credit history or a less than perfect credit history. But the CardName could be the solution you're looking for.

This card is designed specifically for business owners who need to build up a limited credit history, as well as those who have fair credit (i.e., a FICO score of 580 to 669 or a VantageScore of 650 to 699) based on their personal credit history. Also, this card gives you the opportunity to earn 1% cash back rewards on all of your purchases, without paying an annual fee.

CAPITAL ONE® SPARK® CLASSIC FOR BUSINESS REQUIREMENTS

In order to qualify for CardName, you should:

  • Be at least 18 years old
  • Have a business that was legally formed, incorporated, or registered in the United States
  • Supply the business name as you want it to appear on the card, as well as a business tax ID number, and information on legal business structure, ownership type, category, industry, or specialty
  • Submit the business contact (business address, phone number, email address) and financial (types of bank accounts, monthly expenditures, yearly revenue) information
  • Submit personal identifying information (name, Social Security number, date of birth, business title), contact (phone number, address), and financial (monthly housing payment, annual income) information

CAPITAL ONE® SPARK® CLASSIC FOR BUSINESS FEES

The CardName does not charge an annual fee, which is rare with business cards that also offer rewards programs. There is also no foreign transaction fee, so if you have business expenses outside of the U.S., it's a good card to use instead of one of the others, which may charge as much as 3% per foreign transaction.

HOW CAPITAL ONE® SPARK® CLASSIC FOR BUSINESS COMPARES TO OTHER CREDIT CARDS

Capital One® Spark® Classic for Business vs. Capital One Spark Cash Plus

discontinued

CardName and the CardName are both popular cards for business owners, and they both offer benefits like free employee cards, no fees for foreign transactions, and emergency and travel assistance.

However, Spark Cash Plus offers benefits that CardName does not, such as a welcome offer for cardholders to earn a one-time cash bonus of $1,200 once you spend $30,000 in the first three months.

Also, although they both provide unlimited cash back rewards for all purchases, Spark Cash Plus offers 2%, rather than Spark® Classic's 1%.

On the other hand, the CardName does not charge an annual fee, while the Spark Cash Plus card has an annual fee of AnnualFees. However, this annual fee is refunded when you spend at least $150,000 a year with the card.

Capital One® Spark® Classic for Business vs. Chase Ink Business Unlimited®

discontinued

The CardName and the CardName both have no annual fee and allow cardholders to add employee cards at no additional cost.

However, the major similarities between the two cards end there.

The CardName offers a modestly higher cash back reward rate of 1.5% on all purchases. Plus, there's a welcome bonus for new cardholders, of $750 cash back if you spend $6,000 on purchases in the first three months of opening the account.

Also, the Ink Business Unlimited card includes a 0% introductory APR on purchases for the first 12 months and then, RegAPR

Capital One® Spark® Classic for Business vs. CardName

discontinued

The CardName and CardName (American Express is a CardRatings advertiser.) both allow cardholders to obtain free employee cards.

Also, both cards provide cash back on purchases, but CardName offers a higher rate at 2% up to $50,000 spent on eligible purchases annually, and then down to the same 1% rate as the Spark® Classic card.

The Blue Business Cash card also offers a 0% introductory APR on purchases for the first 12 months of opening the account and then RegAPR. It also allows you to spend above your credit limit with its Expanded Buying Power, but that benefit is not unlimited and it is adjusted based on your credit history, how you use your card, and your payment history.

The Blue Business Cash card, however, does have a disadvantage for those who make foreign purchases, as the card charges foreign_fee, while the CardName has no transaction fees on foreign purchases.

POTENTIAL DOWNSIDES OF THE CAPITAL ONE® SPARK® CLASSIC FOR BUSINESS CARD

The CardName RegAPR APR is definitely higher than cardholders pay with other cards, however, it may be more difficult for people who have no business credit history, or a fair credit history, to qualify for other cards.

The rewards rate is also one of the lowest rates available at 1% cash back, so if you are interested in earning rewards on your business purchases and you can qualify for other credit cards, then you should consider a business card that offers more valuable rewards and bonuses.

SHOULD I GET THE CAPITAL ONE® SPARK® CLASSIC FOR BUSINESS CARD?

Despite the high APR, the CardName does offer several benefits that cardholders can take advantage of, such as the 1% cash back rewards on all purchases, including those made on employee cards.

If you are a business owner who needs to build up your credit rating, this card can help you pay for the supplies you need until you're able to get a card with a lower APR rate and more robust rewards.

For rates and fees for CardName (See Rates and Fees).

Capital One Spark Classic for Business Compared to Other Reward Cards

Apply online for Chase Sapphire Reserve®
Apply online for Mastercard® Titanium Card™
Apply online for Capital One Venture Rewards Credit Card
Apply online for Citi Premier<sup>®</sup> Card
Rewards
1 % Cash Back on every purchase. 1 % Cash Back on every purchase. 5 % Cash Back on hotels and rental cars booked through Capital One Travel. 1 % Cash Back on every purchase. 5 % Cash Back on hotels and rental cars booked through Capital One Travel. 
Rewards
Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Travel? immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases. 
Rewards
Flat-rate redemption value of 1% for cash back or 2% value for airfare redemption with no airline or seat restrictions and no blackout dates. Earn one point for every dollar spent. Straightforward redemption without needing a high-maintenance reward strategy. No foreign transaction fees, no earning caps, no rotating categories, and no need to chase down transfer partners to escape very low point values. 
Rewards
2 Miles per dollar on every purchase, every day. 5 Miles per dollar on hotels and rental cars booked through Capital One Travel. 
Rewards
Earn 3 Points per $1 spent at Restaurants and Supermarkets. Earn 3 Points per $1 spent at Gas Stations, Air Travel and Other Hotels. Earn 1 Point per $1 spent on all other purchases. 
Bonus Rewards
N/A  
Bonus Rewards
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase Travel℠.  
Bonus Rewards
N/A  
Bonus Rewards
Enjoy a one-time bonus of 75,000 Miles once you spend $4,000 on purchases within 3 months from account opening  
Bonus Rewards
Earn 60,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening. Plus, for a limited time, earn a total of 10 ThankYou® Points per $1 spent on hotel, car rentals, and attractions (excluding air travel) booked on the Citi Travel portal through June 30, 2024.  
Annual Fee
$0 
Annual Fee
$550 
Annual Fee
$195 
Annual Fee
$95 
Annual Fee
$95 

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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