Capital One Spark Cash Select Excellent Credit Review for 2023
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.
Nancy Fernandez is a Credit Card and Insurance Expert at Fit Small Business, specializing in business credit cards and business insurance.
This article is part of a larger series on Best Small Business Credit Cards.
Capital One® Spark® Cash Select Excellent Credit offers unlimited 1.5% cash back on all purchases and no annual fee. It’s best for business owners who have excellent credit, prefer a low ongoing annual percentage rate (APR), and want to earn fixed-rate cash back rewards, regardless of spending categories.
If you wish to compare one card over another, select a maximum of three cards on this page and click Add to compare to view the details in a side-by-side comparison.
Capital One® Spark® Cash Select Excellent Credit
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:
Businesses with excellent credit that want a lower ongoing APR
Intro APR
N/A
Regular APR
17.99%, 20.99%, or 23.99% variable
Annual Fee
None
Credit Needed
Excellent
- Unlimited 5% cash back on hotels and car rentals booked through Capital One Travel
- Unlimited 1.5% fixed-rate cash back on all purchases
Pros
- No annual, transfer, and foreign transaction fees
- With sign-up bonus
- With protection against lost or stolen cards
Cons
- No interest-free financing option on both purchases and balance transfers
- Needs excellent credit
- May do a hard pull of your credit when at application
- With high cash advance and penalty interest rates
- Automatic payments: Set up AutoPay to not worry about signing into your account every month to set your payments
- Purchase records: You can quickly and securely download your purchase records in different formats, such as Quicken®, QuickBooks®, and Excel®
- Free employee cards: You can track employee spending while earning all the rewards from their purchases by issuing free employee cards.
- Zero fraud liability: If your card is lost or stolen, you can get an emergency replacement and a cash advance
- Capital One travel: Get the best prices on thousands of trip options, even after you book. In addition, pay flexibly using your earned rewards, a card, or both
Intro APR
N/A
Regular APR
17.99%, 20.99%, or 23.99% variable
Annual Fee
None
Credit Needed
Excellent
- Unlimited 5% cash back on hotels and car rentals booked through Capital One Travel
- Unlimited 1.5% fixed-rate cash back on all purchases
Pros
- No annual, transfer, and foreign transaction fees
- With sign-up bonus
- With protection against lost or stolen cards
Cons
- No interest-free financing option on both purchases and balance transfers
- Needs excellent credit
- May do a hard pull of your credit when at application
- With high cash advance and penalty interest rates
- Automatic payments: Set up AutoPay to not worry about signing into your account every month to set your payments
- Purchase records: You can quickly and securely download your purchase records in different formats, such as Quicken®, QuickBooks®, and Excel®
- Free employee cards: You can track employee spending while earning all the rewards from their purchases by issuing free employee cards.
- Zero fraud liability: If your card is lost or stolen, you can get an emergency replacement and a cash advance
- Capital One travel: Get the best prices on thousands of trip options, even after you book. In addition, pay flexibly using your earned rewards, a card, or both
When grading fixed-rate cash back business credit cards like the Capital One® Spark® Cash Select Excellent Credit, we give the most weight to ongoing rewards, with introductory rewards as the second bigger factor. We also consider the annual fee, introductory and ongoing annual percentage rates (APRs), and additional features.
Grading Criteria | Card Score | Highest Possible Score |
|---|---|---|
Ongoing Rewards | 27 | 30 |
Introductory Rewards | 10 | 20 |
Additional Features | 13 | 15 |
Annual Fee | 15 | 15 |
Introductory APR | 0 | 10 |
Ongoing APR | 8 | 10 |
Total Score | 73 | 100 |
Who Capital One® Spark® Cash Select Excellent Credit Card Is Best For
- Those with excellent credit: It’s best for business owners with excellent credit. It offers an ongoing APR of 17.99% to 23.99%, which is much lower compared to the Capital One® Spark® Cash Select Good Credit Card.
- Those who want unlimited cash back rewards: It’ll let you collect rewards without limits or category restrictions.
See our recommended alternatives below if this card isn’t the best fit for your business.
Capital One® Spark® Cash Select Excellent Credit Fees
APR
- Introductory: None
- Ongoing and transfers: 17.99%, 20.99%, or 23.99% variable, which adjusts with the prime rate
- Cash advance: 31.74% variable, which adjusts with the prime rate
- Penalty and when it applies: 34.15% variable, which adjusts with the prime rate and applies when you make a late payment
Fees
- Annual, transfer, and foreign transaction: None
- Cash advance: Either 3% of the amount of each cash advance or $3, whichever is greater
- Late payment: Up to $39
Your due date is at least 25 days after the close of each billing cycle.
- Capital One Mobile: Use the app to ensure you pay your balances in full each month.
- Phone: Call (800) 227-4825 or the number on the back of your credit card.
- Online: Log in to your Capital One account and select “Make a payment.”
- Nearest Capital One bank: Visit the nearest Capital One branch.
- Mail: Send a check by United States mail using this address:
Capital One
Attn: Payment Processing
PO Box 71083
Charlotte, NC 28772-1083
- Overnight*: When sending overnight, use this address:
Capital One
Attn: Payment Processing
6125 Lakeview Rd., Ste. 800
Charlotte, NC 28269
*Note: US Postal Service Priority mail usually doesn’t get delivered straight to a payment processing center and may not get processed the next day. To ensure overnight delivery and processing, use an express mail service like FedEx, UPS, or DHL, among others.
Capital One® Spark® Cash Select Excellent Credit Rewards
- Unlimited 5% cash back on hotels and car rentals booked through Capital One Travel
- Unlimited 1.5% fixed-rate cash back on all purchases
- $500 welcome cash bonus after spending $4,500 within the first three months after opening an account
Points that you earned will not expire so long as your account is active. Also, there is no limit on the amount of rewards you can earn on your purchases.
You can redeem your cash back as a statement credit or a check. In addition, you can set up an automatic redemption preference, with the options include setting the time each calendar year or meeting a specific threshold.
You can use our calculator to compute the potential rewards you might earn from using the Capital One® Spark® Cash Select Excellent Credit. Just input your projected annual spending and let our calculator do the rest.
Capital One® Spark® Cash Select Excellent Credit Features
Account and Card Management
- Automatic payments: Set up AutoPay so that you don’t have to sign in to your account to make monthly payments.
- Payment flexibility: Select your preferred monthly due date.
- Year-end summaries: Receive an itemized report of your spending to simplify budgeting and tax time.
- Purchase records: Download your purchase records and categorize them through various software, such as Quicken®, QuickBooks®, and Excel®.
- Free employee cards: Set customized spending limits for employee cards, monitor employee spending, earn rewards from their purchases, and see transactions as soon as they’re posted.
Service and Protection
- Extended warranty: Get free additional warranty and protection on eligible items that you purchase with this card.
- Zero fraud liability: Get an emergency replacement and a cash advance if your card is lost or stolen.
- Fraud and security alerts: Receive an email or text message alert the moment Capital One detects a potential mistake or suspicious charge on your account.
- Card lock: You can lock both your and your employees’ cards if they are lost, misplaced, or stolen.
Travel
- Capital One Travel: Get the best prices on thousands of trip options, even after you book, and pay flexibly using your earned rewards, a card, or both.
- Roadside assistance: Capital One offers services to help you during auto-related emergencies, such as jump-starting, tire changing, and towing.
Capital One® Spark® Cash Select Excellent Credit Alternatives
American Express Blue Business CashTM
American Express Blue Business Cash™ Card
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:
Those who want better cash back rewards
Intro APR
0% on purchases
Regular APR
18.24% - 26.24% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- Just remember, 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 us and other factors.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 18.24% - 26.24%, based on your creditworthiness and other factors as determined at the time of account opening.
- No Annual Fee
- Terms Apply
Pros
- 0% intro APR
- Welcome bonus
- Fixed rate rewards
- No annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us, and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter.
Intro APR
0% on purchases
Regular APR
18.24% - 26.24% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- Just remember, 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 us and other factors.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 18.24% - 26.24%, based on your creditworthiness and other factors as determined at the time of account opening.
- No Annual Fee
- Terms Apply
Pros
- 0% intro APR
- Welcome bonus
- Fixed rate rewards
- No annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us, and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter.
- Is a viable option for those who want a straightforward cash back rewards system and may exceed their credit limit
- Lets you earn 2% cash back on all eligible purchases up to $50,000 per calendar year, then 1% after that
- Offers expanded buying power, which allows you to spend over your credit limit; note that the amount you can spend depends on your card usage, payment history, credit score, and financial resources
- Has a 0% introductory APR on purchases for the first 12 months
- Is in our roundups of the:
Capital One® Spark® Cash Select Good Credit
Capital One® Spark® Cash Select Good Credit
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:
Businesses with good credit that want a 0% introductory APR and fixed 1.5% cash back rewards
Intro APR
0%
Regular APR
20.74%, 25.74%, or 28.74% variable
Annual Fee
$0
Credit Needed
Good
- Unlimited 5% cash back on hotels and rental cars booked through Capital One Travel
- Unlimited 1.5% fixed-rate cash back on all purchases with no limits or category restrictions
Pros
- No annual, balance transfer, and foreign transaction fees
- With intro 0% APR on purchases
- Free employee cards
Cons
- No intro 0% APR on balance transfers
- No sign-up bonus for their new cardholders
- With high cash advance and penalty APRs
- Zero fraud liability: If your card is lost or stolen, you can get an emergency replacement and a cash advance
- Roadside assistance: Capital One offers services to help you during auto-related emergencies, such as jump-starting, tire changing, and towing
- Free employee cards: You can track employee spending while earning all the rewards from their purchases by issuing free employee cards. In addition, you can set customized spending limits for employee cards and see transactions as soon as they post
- Purchase records: You can quickly and securely download your purchase records in different formats, such as Quicken®, QuickBooks®, and Excel®
Intro APR
0%
Regular APR
20.74%, 25.74%, or 28.74% variable
Annual Fee
$0
Credit Needed
Good
- Unlimited 5% cash back on hotels and rental cars booked through Capital One Travel
- Unlimited 1.5% fixed-rate cash back on all purchases with no limits or category restrictions
Pros
- No annual, balance transfer, and foreign transaction fees
- With intro 0% APR on purchases
- Free employee cards
Cons
- No intro 0% APR on balance transfers
- No sign-up bonus for their new cardholders
- With high cash advance and penalty APRs
- Zero fraud liability: If your card is lost or stolen, you can get an emergency replacement and a cash advance
- Roadside assistance: Capital One offers services to help you during auto-related emergencies, such as jump-starting, tire changing, and towing
- Free employee cards: You can track employee spending while earning all the rewards from their purchases by issuing free employee cards. In addition, you can set customized spending limits for employee cards and see transactions as soon as they post
- Purchase records: You can quickly and securely download your purchase records in different formats, such as Quicken®, QuickBooks®, and Excel®
- Is a great alternative if you want a Capital One® card with a 0% introductory APR on purchases (for the first 12 months)
- Lets you earn unlimited 1.5% fixed-rate cash back on all purchases, with no limits or category restrictions
- Does not charge annual, balance transfer, or foreign transaction fees
- Is in our roundups of the:
You can also check our list of the best Capital One business credit cards for more options.
U.S. Bank Business Platinum Card
U.S. Bank Business Platinum Card
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:
Extended 0% APR period on purchases and balance transfers
Intro APR
Regular APR
16.99% - 25.99% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good Credit
- U.S. Bank Business Platinum Card
- 0% Intro APR on purchases and balance transfers for 18 billing cycles. After that, a variable APR currently 16.99%-25.99%.
- Expense management tool VISA Spend Clarity is free to access and sync expenses, set employee card controls, generate reports, and more.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
Pros
- With a long 0% introductory APR period on purchases and balance transfers
- Does not charge annual fees
- Offers ExtendPay® Plan
Cons
- No introductory and ongoing rewards
- Balance transfer fee is charged even during the introductory period
- Needs Excellent/Good credit score to qualify
- SinglePoint® Essentials: SinglePoint® Essentials is U.S. Bank’s one-stop tool for viewing account balances and transaction details, transferring funds between existing U.S. Bank accounts, downloading statements, and making payments.
- Fraud protection: U.S. Bank offers fraud protection to ensure the safety and security of all cardholders. To learn more about U.S. Bank’s fraud protection services, you can set up a virtual appointment, call U.S. Bank, or go to the nearest U.S. Bank branch.
- ExtendPay® plan: This allows you to pay off balances over time by dividing eligible credit card purchases into affordable monthly payments with no interest—you only need to pay a fixed monthly fee.
Visa Spend Clarity: Another tool that cardholders can use to track spending and manage finances is Visa Spend Clarity.
Intro APR
Regular APR
16.99% - 25.99% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good Credit
- U.S. Bank Business Platinum Card
- 0% Intro APR on purchases and balance transfers for 18 billing cycles. After that, a variable APR currently 16.99%-25.99%.
- Expense management tool VISA Spend Clarity is free to access and sync expenses, set employee card controls, generate reports, and more.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
Pros
- With a long 0% introductory APR period on purchases and balance transfers
- Does not charge annual fees
- Offers ExtendPay® Plan
Cons
- No introductory and ongoing rewards
- Balance transfer fee is charged even during the introductory period
- Needs Excellent/Good credit score to qualify
- SinglePoint® Essentials: SinglePoint® Essentials is U.S. Bank’s one-stop tool for viewing account balances and transaction details, transferring funds between existing U.S. Bank accounts, downloading statements, and making payments.
- Fraud protection: U.S. Bank offers fraud protection to ensure the safety and security of all cardholders. To learn more about U.S. Bank’s fraud protection services, you can set up a virtual appointment, call U.S. Bank, or go to the nearest U.S. Bank branch.
- ExtendPay® plan: This allows you to pay off balances over time by dividing eligible credit card purchases into affordable monthly payments with no interest—you only need to pay a fixed monthly fee.
Visa Spend Clarity: Another tool that cardholders can use to track spending and manage finances is Visa Spend Clarity.
- Is ideal for those looking for a long 0% introductory APR, as it offers both purchases and balance transfers for the first 18 months
- Does not charge annual fees
- Lacks rewards for new and existing cardholders
- Is on our lists of the:
Bottom Line
Capital One® Spark® Cash Select Excellent Credit is a great card for those who have excellent credit and want to maximize the rewards they earned from business purchases. While it doesn’t have an interest-free financing option on both purchases and balance transfers, it doesn’t charge annual or transfer fees. In addition, it lets you earn unlimited 5% cash back on hotels and car rentals booked through Capital One Travel and unlimited 1.5% fixed-rate cash back on all purchases.
