Best Capital One Business Credit Cards for 2022
Tricia has nearly two decades of experience in commercial and federal government lending. Her expertise is highlighted throughout small business loan content on Fit Small Business.
Benilyn has over a decade of experience as a banking officer. Her expertise is featured throughout Fit Small Business in personal finance, credit card, and real estate investing content.
This article is part of a larger series on Best Small Business Credit Cards.
When choosing a small business credit card, you should consider cards that offer cash back, travel rewards, or no annual fee. Capital One offers five business credit card options and a cash card. Since there are so many choices, it can be difficult to select the right one for your business. We’ve provided this best for a breakdown on each card to help you decide what’s most important to you:
- Capital One® Spark® Miles Select for Business: Best for having both introductory annual percentage rate (APR) and sign-up bonus
- Capital One® Spark® Miles for Business: Best for business owners who frequently travel and want to earn premium unlimited fixed-rate rewards
- Capital One® Spark® Classic for Business: Best for business owners who need to build personal and business credit
- Capital One® Spark® Cash Select Good Credit: Best for earning 0% introductory APR
- Capital One® Spark® Cash Select Excellent Credit: Best for earning a sign-up cash bonus
- Capital One® Spark Cash Plus: Best for businesses that can pay in full every month and want to earn premium unlimited fixed-rate cash back
Want to compare the features of one card to another? We’ve made it easy for you to do just that! Simply check off up to three cards on this page to add them to your cart. This will allow you to view the details in a side-by-side comparison.
Capital One® Spark® Miles Select for Business: Best for Having Both 0% APR & Sign-up Bonus
Capital One® Spark® Miles Select for Business
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Travel rewards and annual spending less than $19,000
Intro APR
0% on purchases
Regular APR
13.99% - 23.99% (Variable)
Annual Fee
$0
Credit Needed
Excellent, Good
- Introductory reward worth $200 in travel after you spend $3,000 within the first three months
- 1.5x miles per $1 spent
- 5x miles on hotel and rental car bookings through the issuer
- Issue employee cards for free
Pros
- No foreign transaction fees
- Interest-free financing on purchases
Cons
- No 0% APR balance transfer offer
- Limited list of airline partners
- Purchase assurance: Most purchases made entirely with your card are covered if damaged or stolen within 90 days from the date of purchase. Coverage is limited to $10,000 per claim and $50,000 per cardholder account per 12 month period.
- Extended warranty coverage: Doubles the original warranty time period and duplicates the coverage of the original manufacturer’s warranty up to a maximum of 12 months on most items you purchase.
- Travel medical emergency assitance: Provide referrals to medical services if you have a medical emergency while traveling. You’re covered if you’re 100 or more miles away from home and from the day you leave until midnight of the 60th day of your trip, or the day you return to your city of residence, whichever is sooner.
Intro APR
0% on purchases
Regular APR
13.99% - 23.99% (Variable)
Annual Fee
$0
Credit Needed
Excellent, Good
- Introductory reward worth $200 in travel after you spend $3,000 within the first three months
- 1.5x miles per $1 spent
- 5x miles on hotel and rental car bookings through the issuer
- Issue employee cards for free
Pros
- No foreign transaction fees
- Interest-free financing on purchases
Cons
- No 0% APR balance transfer offer
- Limited list of airline partners
- Purchase assurance: Most purchases made entirely with your card are covered if damaged or stolen within 90 days from the date of purchase. Coverage is limited to $10,000 per claim and $50,000 per cardholder account per 12 month period.
- Extended warranty coverage: Doubles the original warranty time period and duplicates the coverage of the original manufacturer’s warranty up to a maximum of 12 months on most items you purchase.
- Travel medical emergency assitance: Provide referrals to medical services if you have a medical emergency while traveling. You’re covered if you’re 100 or more miles away from home and from the day you leave until midnight of the 60th day of your trip, or the day you return to your city of residence, whichever is sooner.
Who Is Capital One® Spark® Miles Select for Business Best For?
The Capital One® Spark® Miles Select for Business is best for business owners who frequently travel and prefer to earn fixed-rate travel rewards with no annual fee. You can use your miles on flights, hotels, vacation packages, or as cash back in the form of a statement credit or check by mail. You can also transfer miles to any of Capital One’s travel partners.
The Capital One® Spark® Miles Select for Business is an excellent travel credit card if you spend a total of $19,000 or less in a year. If you have more than $19,000 in annual credit card expenses, you would benefit more from the Capital One® Spark® Miles for Business.
Capital One® Spark® Miles Select for Business Fees
- Introductory APR: 0% on purchases for nine months
- Ongoing APR: 13.99% to 23.99% variable, which changes with the prime rate
- Annual fee: None
- Balance transfer fee: None
- Foreign transaction fee: None
- Cash advance fee: $10 or 3%, whichever is greater—cash advance APR is 26.99% variable
Why We Like Capital One® Spark® Miles Select for Business
- $0 annual fee: This card charges no annual fee while allowing you to earn travel rewards for every eligible purchase you make.
- 1.5x unlimited miles: You can earn unlimited 1.5x miles on all business-related purchases with no blackouts or seat restrictions and no minimum to redeem.
- 20,000 miles sign-up bonus: Receive a welcome bonus of 20,000 miles once you spend $3,000 on purchases within the first three months of opening an account.
- 0% introductory APR on purchases: You can enjoy a 0% introductory APR for nine months, which is an advantage if you plan to use your card to finance a large purchase.
- No balance transfer and foreign transaction fees: You won’t be charged fees for balance transfers or foreign transactions on purchases made outside of the United States.
What’s Missing From Capital One® Spark® Miles Select for Business
The 0% introductory APR doesn’t apply to balance transfers. The balance transfer APR, which ranges between 13.99% and 23.99%, will apply as soon as you’re approved. This is a drawback if you plan to transfer a balance from your other credit cards.
Capital One® Spark® Miles for Business: Best for Frequent Travel & Unlimited Fixed-rate Rewards
Capital One® Spark® Miles for Business
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Unlimited 2x miles with every swipe
Intro APR
N/A
Regular APR
20.99% (Variable)
Annual Fee
$0 intro for first year; $95 after that
Credit Needed
Excellent, Good
- Introductory reward worth $500 in travel after you spend $4,500 within the first three months
- 2x miles per $1 spent
- Issue employee cards for free
Pros
- No foreign transaction fees
- TSA Pre✓® or Global Entry application fee credit
Cons
- You’ll pay an annual fee after the first year
- Doesn’t offer interest-free financing
- Airport security screening reimbursement: Either a $100 statement credit for Global Entry or an $85 statement credit for TSA Pre✓® once every four years.
- Purchase assurance: Most purchases made entirely with your card are covered if damaged or stolen within 90 days from the date of purchase. Coverage is limited to $10,000 per claim and $50,000 per cardholder account per 12 month period.
- Extended warranty coverage: Doubles the original warranty time period and duplicates the coverage of the original manufacturer’s warranty up to a maximum of 12 months on most items you purchase.
- Travel medical emergency assistance: Provide referrals to medical services if you have a medical emergency while traveling. You’re covered if you’re 100 or more miles away from home and from the day you leave until midnight of the 60th day of your trip, or the day you return to your city of residence, whichever is sooner.
Intro APR
N/A
Regular APR
20.99% (Variable)
Annual Fee
$0 intro for first year; $95 after that
Credit Needed
Excellent, Good
- Introductory reward worth $500 in travel after you spend $4,500 within the first three months
- 2x miles per $1 spent
- Issue employee cards for free
Pros
- No foreign transaction fees
- TSA Pre✓® or Global Entry application fee credit
Cons
- You’ll pay an annual fee after the first year
- Doesn’t offer interest-free financing
- Airport security screening reimbursement: Either a $100 statement credit for Global Entry or an $85 statement credit for TSA Pre✓® once every four years.
- Purchase assurance: Most purchases made entirely with your card are covered if damaged or stolen within 90 days from the date of purchase. Coverage is limited to $10,000 per claim and $50,000 per cardholder account per 12 month period.
- Extended warranty coverage: Doubles the original warranty time period and duplicates the coverage of the original manufacturer’s warranty up to a maximum of 12 months on most items you purchase.
- Travel medical emergency assistance: Provide referrals to medical services if you have a medical emergency while traveling. You’re covered if you’re 100 or more miles away from home and from the day you leave until midnight of the 60th day of your trip, or the day you return to your city of residence, whichever is sooner.
Who Is Capital One® Spark® Miles for Business Best For?
The Capital One® Spark® Miles for Business is best for business owners who travel frequently and want to earn fixed-rate travel rewards without having to keep track of spending categories. This small business credit card is also best for businesses that want to earn sign-up bonus rewards by spending at least $4,500 on purchases within the first three months of opening an account.
If you spend more than $19,000 in a year, you can get more value and maximize your rewards from this small business credit card. However, if your expenses don’t exceed $19,000 per year, you’ll benefit more from Capital One® Spark® Miles Select for Business, as it doesn’t charge an annual fee.
Capital One® Spark® Miles for Business Fees
- Introductory APR: None
- Ongoing APR: 20.99% variable, which changes with the prime rate
- Annual fee: $95, which is waived the first year
- Balance transfer fee: None
- Foreign transaction fee: None
- Cash advance fee: $10 or 3%, whichever is greater—cash advance APR is 26.99% variable
Why We Like Capital One® Spark® Miles for Business
- Unlimited 2x miles: Earn unlimited 2x miles on all business-related purchases with no blackouts or seat restrictions. It doesn’t require minimum miles to redeem.
- 50,000 miles sign-up bonus: Receive a sign-up bonus of 50,000 miles after spending $4,500 on purchases within the first three months of opening your account.
- $100 travel credit: Earn up to $100 credit for Global Entry or TSA Pre✓® when you pay the application fee using your card.
- No annual fee for the first year: This card offers a $0 intro annual fee for the first year. You’ll be charged a $95 annual fee after that.
- No balance transfer and foreign transaction fees: You won’t be charged fees for balance transfers or foreign transactions.
What’s Missing From Capital One® Spark® Miles for Business
The Capital One® Spark® Miles for Business doesn’t offer an ongoing $0 annual fee. It also doesn’t offer a 0% introductory APR on purchases or balance transfers. This may be a disadvantage for those who are planning to make a big purchase or transfer a balance from another credit card. The 20.99% APR will apply to your purchases and balance transfers as soon as you’re approved.
Capital One® Spark® Classic for Business: Best for Building Business & Personal Credit
Capital One® Spark® Classic for Business
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Fair credit business owners (580 to 669)
Intro APR
N/A
Regular APR
26.99% (Variable)
Annual Fee
$0
Credit Needed
Average, Fair, Limited
- 1% cash back every time you swipe
- Build your business credit through responsible usage
- Issue employee cards for free
Pros
- Opportunity to build business credit
- Only requires fair credit
- No annual fee
Cons
- No 0% introductory APR
- No sign-up bonus
- High APR
- Purchase protection: Capital One will replace, repair, or reimburse you for eligible items in the event of theft or damage within the first 90 days of purchase.
- Extended warranty protection: You’ll get additional warranty protection on eligible items that are purchased with your business card, up to 1 year past the manufacturer’s warranty.
- Auto rental collision damage waiver: You’re covered for damage due to collision or theft when you rent an eligible car with your Capital One® Spark® Classic for Business card.
Intro APR
N/A
Regular APR
26.99% (Variable)
Annual Fee
$0
Credit Needed
Average, Fair, Limited
- 1% cash back every time you swipe
- Build your business credit through responsible usage
- Issue employee cards for free
Pros
- Opportunity to build business credit
- Only requires fair credit
- No annual fee
Cons
- No 0% introductory APR
- No sign-up bonus
- High APR
- Purchase protection: Capital One will replace, repair, or reimburse you for eligible items in the event of theft or damage within the first 90 days of purchase.
- Extended warranty protection: You’ll get additional warranty protection on eligible items that are purchased with your business card, up to 1 year past the manufacturer’s warranty.
- Auto rental collision damage waiver: You’re covered for damage due to collision or theft when you rent an eligible car with your Capital One® Spark® Classic for Business card.
Who Is Capital One® Spark® Classic for Business Best For?
The Capital One® Spark® Classic for Business is best for business owners who have a fair credit score. This business credit card for fair credit can help you build and strengthen your credit if you use the card responsibly. This is also an excellent option for businesses that prefer to earn an unlimited fixed-rate reward on all purchases without having to pay an annual fee.
Pro tip: The Capital One® Spark® Classic for Business is great for business owners with personal credit scores between 580 and 669. If your credit score is above 669, you may want to consider other Capital One cash back credit cards, such as the Capital One® Cash Select Good Credit or Capital One® Cash Select Excellent Credit.
Capital One® Spark® Classic for Business Fees
- Introductory APR: None
- Ongoing APR: 26.99% variable, which changes with the prime rate
- Annual fee: None
- Balance transfer fee: None
- Foreign transaction fee: None
- Cash advance fee: $10 or 3%, whichever is greater—cash advance APR is 26.99% variable
Why We Like Capital One® Spark® Classic for Business
- $0 annual fee: This card has no annual fee, allowing you to enjoy cash back rewards on your purchases without the additional cost.
- Only requires fair credit: Business owners with fair credit can qualify for the Capital One® Spark® Classic credit card.
- Can help build credit: You build your credit if you use your card responsibly and you pay your balances on time.
- Unlimited 1% cash back: You can earn unlimited 1% cash back for your business on every purchase, without expiry and category restrictions.
What’s Missing From Capital One® Spark® Classic for Business
The Capital One® Spark® Classic for Business doesn’t offer a 0% introductory rate on purchases or balance transfers. This is a drawback for those who want to make a large purchase or transfer a balance from another card. Also, it doesn’t offer a welcome bonus and only offers 1% cash back on all purchases, which is much lower than the rewards offered by other Capital One credit cards.
Capital One® Spark® Cash Select Good Credit: Best for Earning 0% APR
Capital One® Spark® Cash Select Good Credit
BEST FOR:
Businesses with good credit that want a 0% introductory APR
Intro APR
0%
Regular APR
15.99% to 23.99%
Annual Fee
0%
Credit Needed
Good
- Earn unlimited 1.5% cash back for your business on every purchase, everywhere, no limits or category restrictions.
- Enjoy a $0 annual fee in addition to the big rewards and cash bonus you can earn.
Pros
- No annual fee
- Ability to finance purchases with 0% APR for 12 months
- Free employee cards
Cons
- 0% APR doesn’t apply to balance transfers
- No sign-up bonus
- Cash back rewards aren’t competitive
- $0 foreign transaction fee: No foreign transaction fees on purchases made outside of the United States
- $0 fraud liability: Advance emergency replacement for lost and stolen card plus a cash advance
- Roadside assistance: Services such as jump-starting, tire changing, and towing
Intro APR
0%
Regular APR
15.99% to 23.99%
Annual Fee
0%
Credit Needed
Good
- Earn unlimited 1.5% cash back for your business on every purchase, everywhere, no limits or category restrictions.
- Enjoy a $0 annual fee in addition to the big rewards and cash bonus you can earn.
Pros
- No annual fee
- Ability to finance purchases with 0% APR for 12 months
- Free employee cards
Cons
- 0% APR doesn’t apply to balance transfers
- No sign-up bonus
- Cash back rewards aren’t competitive
- $0 foreign transaction fee: No foreign transaction fees on purchases made outside of the United States
- $0 fraud liability: Advance emergency replacement for lost and stolen card plus a cash advance
- Roadside assistance: Services such as jump-starting, tire changing, and towing
Who Is Capital One® Spark® Cash Select Good Credit Best For?
The Capital One® Spark® Cash Select Good Credit card is best for business owners with good credit who want to earn fixed-rate cash back without having to monitor spending categories. It offers unlimited 1.5% cash back, which you can redeem at any time with no minimum or expiration. If you need to make a big purchase, you can take advantage of its 0% introductory rate for 12 months.
If you want to earn a sign-up bonus, this credit card may not be right for you, as it doesn’t offer one. You need to have excellent credit to qualify for the other Capital One credit cards that offer welcome bonuses.
Capital One® Spark® Cash Select Good Credit Fees
- Introductory APR: 0% APR on purchases for 12 months
- Ongoing APR: 15.99% to 23.99% variable, which will adjust with the prime rate
- Annual fee: None
- Balance transfer fee: None
- Foreign transaction fee: None
- Cash advance fee: 3% of the advance or $10, whichever is greater—cash advance APR is 26.99%
Why We Like Capital One® Spark® Cash Select Good Credit
- $0 annual fee: This card doesn’t charge an annual fee, allowing you to enjoy its rewards without the extra cost.
- Only requires good credit: Business owners who don’t have excellent credit can still qualify.
- Unlimited 1.5% cash back: You don’t need to monitor your spending categories, as you can earn unlimited 1.5% cash back rewards on all business-related purchases.
- 0% introductory APR: This card offers a 0% introductory rate on purchases for the first 12 months after you open an account. This means you can enjoy interest-free financing if you plan to make a large purchase.
What’s Missing From Capital One® Spark® Cash Select Good Credit
The Capital One® Spark® Cash Select Good Credit card doesn’t offer any sign-up bonus. Its 0% introductory APR only applies to purchases and not to balance transfers. Moreover, its ongoing APR of between 15.99% and 23.99% is slightly higher than the Capital One® Spark® Cash Select Excellent Credit card.
Capital One® Spark® Cash Select Excellent Credit: Best for Earning a Sign-up Cash Bonus
Capital One® Spark® Cash Select Excellent Credit
BEST FOR:
Businesses with excellent credit that want a lower ongoing APR
Intro APR
N/A
Regular APR
13.24%, 16.24% or 19.24%
Annual Fee
None
Credit Needed
Excellent
- Earn unlimited 1.5% cash back for your business on every purchase, everywhere, no limits or category restrictions.
- Earn a one-time $500 cash bonus once you spend $4,500 on purchases within the first three months from account opening.
- Enjoy a $0 annual fee in addition to the big rewards and cash bonus you can earn.
Pros
- No annual fee
- $500 sign-up bonus when you spend $4,500 within three months
- Protection against lost or stolen cards
Cons
- No 0% intro APR
- Requires excellent credit
- May do a hard pull of your credit at application
- $0 foreign transaction fee: No foreign transaction fees on purchases made outside of the United States
- $0 fraud liability: Advance emergency replacement for lost and stolen card plus cash advance
- Roadside assistance: Emergency services such as jump-starting, tire changing, and towing
Intro APR
N/A
Regular APR
13.24%, 16.24% or 19.24%
Annual Fee
None
Credit Needed
Excellent
- Earn unlimited 1.5% cash back for your business on every purchase, everywhere, no limits or category restrictions.
- Earn a one-time $500 cash bonus once you spend $4,500 on purchases within the first three months from account opening.
- Enjoy a $0 annual fee in addition to the big rewards and cash bonus you can earn.
Pros
- No annual fee
- $500 sign-up bonus when you spend $4,500 within three months
- Protection against lost or stolen cards
Cons
- No 0% intro APR
- Requires excellent credit
- May do a hard pull of your credit at application
- $0 foreign transaction fee: No foreign transaction fees on purchases made outside of the United States
- $0 fraud liability: Advance emergency replacement for lost and stolen card plus cash advance
- Roadside assistance: Emergency services such as jump-starting, tire changing, and towing
Who Is Capital One® Spark Cash Select Excellent Credit Best For?
The Capital One® Spark® Cash Select Excellent Credit card is best for business owners with excellent credit scores who prefer a fixed-rate rewards card without an annual fee. This credit card is also a good option if you can spend at least $4,500 on purchases within the first three months of opening an account so you can take advantage of the $500 sign-up bonus.
If you need a 0% APR credit card, the Capital One® Spark® Cash Select Excellent Credit card may not be right for you—it doesn’t offer an introductory 0% APR. You may want to consider applying for a Capital One® Spark® Cash Select Good Credit card or Capital One® Spark® Miles Select for Business instead.
Capital One® Spark® Cash Select Excellent Credit Fees
- Introductory APR: None
- Ongoing APR: 13.24% to 19.24% variable, which will adjust with the prime rate
- Annual fee: None
- Balance transfer fee: None
- Foreign transaction fee: None
- Cash advance fee: 3% of the advance or $10, whichever is greater—cash advance APR is 26.99%
Why We Like Capital One® Spark® Cash Select Excellent Credit
- $0 annual fee: With this card, you can save on your overall financing cost, as it doesn’t charge annual fees.
- $500 cash bonus: You can earn a cash bonus of $500 after spending $4,500 on purchases within the first three months of opening an account.
- Unlimited 1.5% cash back: This card allows you to earn unlimited 1.5% cash back rewards on all business-related purchases, regardless of spending categories.
- Low ongoing APR: Compared to other Capital One business credit cards, the Capital One® Spark® Cash Select Excellent Credit offers a low ongoing APR that ranges from 13.24% to 19.24%.
What’s Missing From Capital One® Spark® Cash Select Excellent Credit
The Capital One® Spark® Cash Select Excellent Credit card doesn’t offer a 0% introductory APR on either purchases or balance transfers, which is a disadvantage for those who need interest-free financing.
Capital One® Spark Cash Plus: Best for Businesses That Can Pay in Full Every Month and Want Unlimited Cash Back
Capital One® Spark® Cash Plus Card
BEST FOR:
Businesses that want purchasing power and can pay their balances in full every month
Intro APR
None
Regular APR
None. There's no APR because your balance is due in full every month. Otherwise, you'll be charged a 2.99% monthly late fee
Annual Fee
$150
Credit Needed
Excellent
- Earn unlimited 2% cash back for your business on every purchase, everywhere, no limits or category restrictions.
- Earn up to $1,000 in the first six months; $500 once you spend $5,000 in the first three months, and $500 once you spend $50,000 in the first six months.
- Earn an annual $200 cash bonus every year you spend $200,000 or more.
Pros
- No preset spending limit
- Up to $1,000 cash bonus
- Unlimited 2% cash back on all purchases
- Opportunity to earn annual cash bonus
Cons
- Requires an annual fee
- Need to pay in full every month
- Requires excellent credit
- $0 foreign transaction fee: No foreign transaction fees on purchases made outside of the United States
- $0 fraud liability: Advance emergency replacement for lost and stolen card plus cash advance
- Roadside assistance: Emergency services such as jump-starting, tire changing, and towing
Intro APR
None
Regular APR
None. There's no APR because your balance is due in full every month. Otherwise, you'll be charged a 2.99% monthly late fee
Annual Fee
$150
Credit Needed
Excellent
- Earn unlimited 2% cash back for your business on every purchase, everywhere, no limits or category restrictions.
- Earn up to $1,000 in the first six months; $500 once you spend $5,000 in the first three months, and $500 once you spend $50,000 in the first six months.
- Earn an annual $200 cash bonus every year you spend $200,000 or more.
Pros
- No preset spending limit
- Up to $1,000 cash bonus
- Unlimited 2% cash back on all purchases
- Opportunity to earn annual cash bonus
Cons
- Requires an annual fee
- Need to pay in full every month
- Requires excellent credit
- $0 foreign transaction fee: No foreign transaction fees on purchases made outside of the United States
- $0 fraud liability: Advance emergency replacement for lost and stolen card plus cash advance
- Roadside assistance: Emergency services such as jump-starting, tire changing, and towing
Who is Capital One® Spark Cash Plus Best For?
The Capital One® Spark Cash Plus is best for business owners with excellent credit who need a flexible credit limit and can pay their balance in full every month. This is also an excellent option for businesses that want unlimited 2% cash back on all business-related purchases. This card doesn’t have preset spending limits—the credit limit adapts to your needs based on your spending behavior, payment history, and credit profile.
The Capital One® Spark Cash Plus is a pay-in-full card, which means you’re required to pay your full balance every month. If you don’t have enough cash flow to ensure full monthly payments, it’s best to find other credit cards that charge APRs instead.
Capital One® Spark Cash Plus Fees
- Introductory APR: None
- Ongoing APR: Not applicable because your balance is due in full every month—otherwise, you’ll be charged a 2.99% monthly late fee
- Annual fee: $150
- Balance transfer fee: Not applicable
- Foreign transaction fee: None
- Cash advance fee: Varies per account owner—cash advances may be available only in limited circumstances
Why We Like Capital One® Spark Cash Plus
- Unlimited 2% cash back: You can earn unlimited 2% cash back on all purchases, with no limits or category restrictions.
- No preset credit limit: There is no preset spending limit, which gives you purchasing power that adapts to your business’s needs.
- Up to $1,000 cash bonus: You can earn a $500 cash bonus after you spend $5,000 in the first three months and another $500 when you spend $50,000 in the first six months.
- $200 annual cash bonus: With the Capital One® Spark Cash Plus, you can earn a $200 annual cash bonus when your expenses reach $200,000 or more.
What’s Missing From Capital One® Spark Cash Plus
The Capital One® Spark Cash Plus doesn’t offer a $0 annual fee. It also doesn’t offer interest-free financing for a certain period, as you’re required to pay your balances in full every month. Additionally, this card doesn’t allow balance transfer and cash advance transactions.
How to Choose the Right Capital One Business Credit Card
Capital One business credit cards allow you to earn rewards on all your business-related expenses through cash back and travel rewards. The best Capital One business credit card will depend on your specific business situation and preferences. When considering which card is best for your business, it’s important to identify your unique business needs.
Here are five important factors to consider when deciding which Capital One credit card is right for your business:
1. Your Credit
Your credit score will primarily determine what type of Capital One business credit card you can qualify for. If you have fair credit, you would only qualify for the Capital One® Spark® Classic for Business. If you have good credit, you may qualify for both Capital One® Spark® Classic and Spark® Cash Select Good Credit. Those with excellent credit can qualify for all other Capital One credit cards.
2. The Type of Rewards Your Business Needs
Capital One business credit cards offer either cash back or travel rewards. To find the right card for your business, it’s important to identify what type of rewards your business needs. If your business requires you to travel frequently, you will find the credit cards that offer travel rewards (such as the Capital One® Spark® Miles Select and Capital One® Spark® Miles) to be more valuable. If you don’t often travel, it would be best to take advantage of the cash back rewards from the other Capital One cards.
3. Your Total Business Expenses
While all Capital One credit cards offer fixed-rate rewards on all business-related purchases, some cards offer better rewards if you have higher expenses. For example, if you prefer a travel rewards card and your annual business expenses exceed $19,000, you’d benefit more from Capital One® Spark® Miles than from Capital One® Spark® Miles Select for Business.
4. Your Preferred Introductory Offer
Aside from the Capital One® Spark® Classic credit card, all other Capital One business credit cards offer either introductory 0% APR or welcome bonuses. The Capital One® Spark® Miles Select offers both. If you plan to finance a large purchase, a card with a 0% introductory APR allows you to enjoy interest-free financing. If you don’t need the 0% APR, you might benefit more from getting a card that allows you to earn a sign-up bonus when you meet the purchase requirement.
5. Your Paying Habits
Your paying habits are another important factor to consider when deciding which Capital One credit card is right for your business. If you pay your balance in full every month and you have significant annual credit card expenses, you may want to consider the Capital One® Spark Cash Plus or Capital One® Spark® Miles. If you don’t usually pay your balance in full, you should look for a credit card that offers a low ongoing APR, such as the Capital One® Spark® Cash Select Excellent Credit or Capital One® Spark® Miles Select.
Bottom Line
Capital One offers a variety of business credit cards, including cash back, travel, below-excellent credit, and pay-in-full business credit cards. Some Capital One business cards provide you access to no-interest financing, while others offer lucrative sign-up cash bonuses. They each carry different annual fees, introductory and ongoing APRs, and rewards. The best Capital One business card for you depends on your business’s unique circumstances.
If none of these cards fit your needs, find one that best suits your business through our credit card marketplace.
