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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.

Written by
Curtis Arnold
Edited by
Jennifer Doss
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Small Business Card

Capital One Spark Classic for Business

  • 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.
  • Welcome Bonus
  • N/A
  • Annual Fee
  • $0
card_name
4.0
Credit Score: Average, Fair, Limited
Terms and Limitations Apply

Key Features

Editor Analysis:

Pros
  • The sky’s the limit when it comes to how much cash back you can accumulate thanks to 1% earned on every purchase.
  • Using this card in a responsible manner can help bolster your corporate credit.
Cons
  • If you have better than average credit you may want to consider a card with higher rewards potential.

CardName benefits

The CardName offers several great benefits. Some of its top benefits include:

  • 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

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 Capital One Spark Classic for Business 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.

CardName application 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

CardName 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.

Potential downsides of the CardName card

The CardName RegAPR APR is definitely on the higher side, however, it may be more difficult for people who have no business credit history, or a fair credit history, to qualify for cards with a lower APR.

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.

How does CardName compare to other cards?

CardName vs. CardName

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CardName and the card_name 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, CardName offers benefits that CardName does not, such as a welcome offer for cardholders to 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.

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.

CardName vs. CardName

discontinued

The CardName and the card_name 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 $900 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 intro_apr_duration and then RegAPR

Who should apply for the CardName 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.

More like this:
Business Credit Cards Cash Back Credit Cards Intro 0% APR Cards

Our Methodology

Survey methodology: CardRatings commissioned Op4G in September 2023 to conduct surveys among 1,869 cardholders nationwide. CardRatings website analytics from Jan. 1, 2023-Aug. 31, 2023 were used to determine a selection of the most popular cards and additional cards were included to add survey breadth. Responses to each of nine questions were given on a scale of 1-10 and respondents’ scores were then averaged under broad topics. To determine the overall score, responses from questions 1-8 were summed and the answer to "How likely are you to recommend this card to a friend, coworker or family member?" was double weighted. Current Scores reflect scores from the most recent survey (2023); “Past Scores” reflect scores from the 2022 survey.

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.

This content is not provided by any company mentioned in this article. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any such company. CardRatings.com does not review every company or every offer available on the market.

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

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