Capital One® Spark® Cash for Business
BEST FOR
Earning unlimited 2% cash back
- Introductory reward worth $500 after you spend $4,500 within the first three months
- 2% cash back on every purchase
- Issue employee cards for free
Pros
- No limit to the amount of rewards you can earn
- Lucrative welcome offer
Cons
- Lacks a 0% APR offer
- Annual fee is only waived for 12 months
- Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes. It provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the U.S. and abroad.
- Purchase protection: Covers your new purchases for up to 90 days against damage or theft up to $10,000 per claim.
Capital One® Spark® Cash for Business is an excellent cash back credit card that offers unlimited 2% cash back on all spending with a low annual fee. There are no limits, category restrictions, and required minimums to redeem. This small business credit card is designed so that businesses don’t have to track category bonuses.
Who Capital One® Spark® Cash for Business Is Best For
- Owners who want a fixed-rate rewards card: With Capital One® Spark® Cash for Business, you will earn 2% cash back on all spending, making it an excellent choice for business owners who have a variety of spending needs and don’t want to keep track of bonus category spending.
How We Evaluate Cash Back Rewards Business Credit Cards
When grading cash back business credit cards like Capital One® Spark® Cash for Business, we weigh ongoing rewards heaviest. We rate introductory rewards as slightly less important, but it’s still the second biggest factor. We also consider the annual fee, introductory and ongoing APRs, and additional features.
Grading Criteria | Card Score | Highest Possible Score |
|---|---|---|
Ongoing Rewards | 30 | 30 |
Introductory Rewards | 20 | 20 |
Additional Features | 13 | 15 |
Annual Fee | 13 | 15 |
Introductory APR | 0 | 10 |
Ongoing APR | 7 | 10 |
Total Score | 83 | 100 |
Capital One® Spark® Cash 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
Capital One® Spark® Cash for Business Rewards
- Unlimited 2% cash back on all spending, which you can redeem at any time with no required minimums.
Welcome offer: $500 cash bonus after you spend $4,500 on purchases within the first three months from account opening.
After earning rewards, you’ll be able to receive them as a check or an automatic credit on your monthly bill. Capital One business credit card can also be redeemed for gift cards at restaurants, retailers, or hotels.
Capital One® Spark® Cash for Business Features
Purchase Security
The Capital One® Spark® Cash for Business covers purchased items that were either stolen or damaged for the first 90 days after your purchase. Purchase security will replace, repair, or reimburse you up to the original purchasing price. Coverage is limited to $10,000 per claim and $50,000 per cardholder. Some purchases are not included with this coverage like animals, living plants, computer software, collectible items, jewelry, medical equipment, perishables, preowned items, and more.
Extended Warranty Protection
Capital One will double the time period of the original manufacturer’s warranty up to one additional year for warranties of three years or less. Coverage is limited to $10,000 per claim and $50,000 per cardholder. Items not covered with this protection include computer software, medical equipment, real estate, motorized vehicles, leased items, preowned items, and items purchased for resale.
Travel Accident Insurance
Capital One provides travel accident insurance, which is available through Visa® Signature Business Benefits. It covers up to $250,000 when you use the Capital One® Spark® Cash for Business to pay for a trip. It covers you, your spouse, and unmarried dependent children. Coverage does not include loss resulting from emotional trauma, mental or physical illness, suicide, intentionally self-inflicted injuries, war, and travel between the insured person’s residence and regular place of employment.
Lost Luggage Reimbursement
The lost luggage reimbursement is part of Visa® Signature Business Benefits, which protects your checked luggage or carry-on baggage against theft or misdirection by the common carrier. Capital One® Spark® Cash for Business lost luggage reimbursement covers the value of your checked or carry-on baggage up to $3,000 per trip. New York residents will only have coverage up to $2,000.
Auto Rental Collision Damage Waiver
Capital One provides an auto rental collision damage waiver in case of damage due to collision or theft. The coverage is primary if the car rental is for business purposes, which means you won’t need to use your personal insurance or accept the rental company’s insurance. Capital One may reimburse you up to the cash value of the car. Rentals of 31 consecutive days or less are eligible.
Travel and Emergency Assistance Services
Capital One provides travel, emergency, medical, and legal assistance 24 hours a day to the cardholder, their immediate family members, and any business associates. While the number is free to call, you’ll be responsible for the cost of any actual medical, legal, transportation, cash advance, or other services provided.
Price Protection Plan
Capital One’s price protection plan can help you save money on products you’ve purchased using your Capital One® Spark® Cash for Business card. If you see a previously purchased item listed at a lower price in another merchant’s printed advertisement within 60 days, you can receive a refund of the difference from Capital One. The refund amount is limited to $500 per item and $2,500 per eligible account.
Capital One® Spark® Cash for Business Alternatives
Chase Ink Business CashSM Credit Card
Ink Business Cash℠ Credit Card
BEST FOR
Office-based businesses that want top cash back rewards
- Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening
- Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone 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
- 0% introductory APR for 12 months on purchases
- Employee cards at no additional cost
- No Annual Fee
Note: The information related to the ChaseInk Business Cash℠ Credit Card Card has been collected by fitsmallbusiness.com and has not been reviewed or provided by the issuer of this card.
Pros
- Top rewards for office supply spending
- Introductory APR on purchases
- Cash sign-up bonus
Cons
- 0% APR doesn’t apply to balance transfers
- High balance transfer fee of 5%
- Designed mainly for office-oriented companies
- Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes. It provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the U.S. and abroad.
- Purchase protection: Covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account per year.
- Extended warranty protection: Extends the time period of the U.S. manufacturer’s warranty by an additional year on eligible warranties of three years or less.
U.S. Bank Business Cash Rewards World EliteTM MasterCard®
U.S. Bank Business Cash Rewards World Elite™ Mastercard®
BEST FOR
0% APR for 12 Billing Cycles
- Limited Time Offer: Earn $500 cash back after spending $3,000 in the first 90 days of opening your account
- Earn up to 3% cash back on eligible gas station, office supply store, and cellphone/service provider net purchases
- 1% cash back on all other eligible net purchases
- No limit on total cash back earned
- Rewards never expire
- 25% annual bonus based on your prior year's cash rewards, up to $250
- 0% Intro APR* on balance transfers for 12 billing cycles; after that, a variable APR that's currently 13.99% to 22.99%
- No annual fee*
- Great offer from U.S. Bank, a 2021 World's Most Ethical Company® ― Ethisphere Institute, February 2021
Pros
- A 0% APR period on purchases on balance transfers
- 25% annual cash rewards bonus
Cons
- Small introductory bonus offer
- Balance transfer fee
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional 1 year from the expiration of warranties of 5 years or less. An item with a 6-month warranty would be backed for an additional 6 months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
American Express Blue Business® Plus Credit Card
The Blue Business® Plus Credit Card from American Express
BEST FOR
Pocketing 2x points per $1 and 0% introductory APR for 12 months
- Earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first 3 months of Card Membership.
- Earn 2X Membership Rewards® points on everyday business purchases such as office supplies or client dinners. 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter.
- You’ve got the power to use your Card beyond its credit limit* with Expanded Buying Power.
- *The amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to American Express, and other factors.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 13.24% - 19.24%, based on your creditworthiness and other factors at account opening.
- No Annual Fee
- Terms Apply
Pros
- 0% APR for 12 months on purchases and balance transfer
- Earn 2x points on all spending
Cons
- No lucrative welcome offer
- 2x points rewards are capped at $50,000 in spending
- Extended warranty protection: American Express will match the length of the original manufacturer’s warranty if it’s less than 2 years. It provides an additional 2 years if the original manufacturer’s warranty is between 2 and 5 years. Coverage is limited to $10,000 per occurrence and $50,000 per account each year.
- Purchase protection: The issuer will repair, replace, or reimburse you for an item purchased with the card that was damaged or stolen within 120 days of purchase. Coverage is limited to $1,000 per occurrence and $50,000 per account each year.
Bottom Line
Capital One® Spark® Cash for Business is best for business owners who prefer to earn fixed-rate cash back rewards for all business-related purchases at a low annual fee without having to track category bonuses. Our page that covers the top credit cards can help you find the right credit card that’s best for your business needs.
