Capital One® Spark® Cash Select Good Credit Review 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.
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.
The Capital One® Spark® Cash Select Good Credit card is an excellent cash back credit card with no annual fee and unlimited 1.5% cash back on all business-related purchases. This small business credit card is designed for businesses with good credit that want fixed-rate cash back without having to monitor spending categories. Business owners who need to make a big purchase can take advantage of this card’s 0% introductory annual percentage rate (APR) for 12 months. However, this introductory APR doesn’t apply to balance transfers.
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
Do you want to compare the features of one card to another? We’ve made it easy for you to do that—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.
How We Evaluate Cash Back Rewards Business Credit Cards
When grading fixed-rate cash back business credit cards like the Capital One® Spark® Cash Select Good Credit card, we consider ongoing rewards first and introductory rewards as the second biggest 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 | 20 | .30 |
Introductory Rewards | 0 | 20 |
Additional Features | 13 | 15 |
Annual Fee | 15 | 15 |
Introductory APR | 10 | 10 |
Ongoing APR | 6 | 10 |
Total Score | 90 | 100 |
Who Capital One® Spark® Cash Select Good Credit Is Best For
- Business owners who want a fixed-rate rewards card without an annual fee: The Capital One® Spark® Cash Select Good Credit card offers unlimited 1.5% cash back on every purchase without charging annual fees. This is great for businesses that spend money in several categories.
- Business owners who need to make a big purchase: This Capital One® business credit card offers a 0% introductory APR for 12 months after opening an account. Business owners who need to make a big purchase can take advantage of this by paying off their balance in 12 months, interest-free.
- Those who travel internationally for business: This card is ideal for business owners who travel internationally, as it doesn’t charge foreign transaction fees.
Capital One® Spark® Cash Select Good Credit Fees
- Introductory APR: 0% APR on purchases for the first 12 months after opening an account
- Ongoing APR: 15.99%, 20.99%, or 23.99% variable, which adjusts with the prime rate
- Cash advance APR: 26.99% variable, which adjusts with the prime rate
- Penalty APR: 29.4% variable, which adjusts with the prime rate—applied to your account if you make a late payment
- Due date: At least 25 days after the close of every billing cycle—no interest on new purchases as long as your previous balance is paid in full by the due date.
- Annual fee: None
- Balance transfer fee: None
- Foreign transaction fee: None
- Cash advance fee: 3% of the advance or $10, whichever is greater
- Late payment: Up to $39
Capital One® Spark® Cash Select Good Credit Rewards
Unlimited 1.5% fixed-rate cash back on all purchases: You can redeem your cash back upon request in the form of a statement credit or a check by mail. You can also apply your rewards to a recent transaction made on your Capital One business credit card or redeem them for gift cards from restaurants, retailers, or hotels. Automatic redemption is also available at a set time each calendar year or when a threshold has been reached. You can get cash back rewards for any amount at any time with no expiration date, as long as the account is active.
How To Make Payments on the Capital One® Spark® Cash Select Good Credit
- AutoPay: Set up AutoPay online to make automatic monthly payments. There are three options: minimum payment, which varies every month, the balance amount indicated on your monthly statement, or a fixed monthly payment, with a minimum monthly fixed amount of $35.
- By phone: Call the number on the back of your card.
- Mobile app: Login to your account, select your card, and tap “Make a payment.”
- By mail: Send a check or money order to:
Capital One
Attn: Payment Processing
PO Box 71083
Charlotte, NC 28272-1083
Make sure to include your credit card number on your payment to avoid processing delays.
- Branch: Visit at Capital One branch during normal business hours and pay your credit card.
Capital One® Spark® Cash Select Good Credit Additional Features
Extended Warranty Protection
Capital One will extend 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 by this protection include computer software, medical equipment, real estate, preowned items, motorized vehicles, leased items, and items purchased for resale.
Travel & Roadside Assistance
Capital One offers a wide range of travel-related emergency services, including ticket replacement, referrals to legal or medical assistance, roadside jump-starting, tire changing, and towing.
Card Lock & Security Alerts
With the Capital One® Spark® Cash Select Good Credit card, you’ll receive an email or text message alert if the bank detects potentially fraudulent activity, suspicious transactions, or unexpected charges on your account. Capital One also allows you to lock your card or an employee’s card if it has been misplaced, lost, or stolen.
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.
Pros & Cons of the Capital One® Spark® Cash Select Good Credit
| PROS | CONS |
|---|---|
| No annual fee: The Capital One® Spark® Cash Select Good Credit card does not come with an annual fee. | 0% APR doesn’t apply to balance transfers: While you can enjoy the 0% introductory APR on purchases for 12 months, the introductory rate doesn’t apply to balance transfers. |
| Ability to finance purchases with 0% APR for 12 months: Business owners who need to make a big purchase can take up to a year to make payments interest-free. | No sign-up bonus: Unlike most small business credit cards, the Capital One® Spark® Cash Select Good Credit card doesn’t offer a sign-up bonus. |
| Free employee cards: Capital One can also extend its services to the employees at no additional cost | Cash back rewards are not competitive: There are other small business credit cards that offer higher cash back rewards. |
Capital One® Spark® Cash Select Good Credit Alternatives
Capital One® Spark® Miles for Business
The Capital One® Spark® Miles for Business card can help you earn 2x miles on every single business purchase you make. This card is ideal for those who travel for business often—if you use this card to book hotels and rental cars with Capital One Travel, you can earn 5x miles per $1 with no blackout dates or seat restrictions. We chose this card as the best overall business credit card for travel.
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.
American Express Blue Business CashTM
The American Express Blue Business CashTM card is ideal for business owners who might exceed their credit limit after making a big purchase, thanks to its expanded buying power feature. You’ll also get 2% cash back when you spend up to $50,000 per calendar year, then 1% after that. It’s no surprise that this card is our pick for best overall cash back business credit card.
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.
Intro APR
0% on purchases
Regular APR
13.99% - 21.99% 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 American Express and other factors.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 13.99% - 21.99%, 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
13.99% - 21.99% 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 American Express and other factors.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 13.99% - 21.99%, 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.
PNC Cash Rewards® Visa Signature®
The PNC Cash Rewards® Visa Signature® offers a low starting APR of 10.99%. In addition, it offers an introductory APR of 0% for 9 billing cycles and a sign-up bonus of $200 after spending $3,000 in qualifying purchases within the first three months after opening an account.
PNC Cash Rewards® Visa Signature® Business Credit Card
BEST FOR:
PNC Bank account holders who want to earn cash back rewards
Intro APR
0% for 9 billing cycles
Regular APR
10.99% to 19.99% Variable
Annual Fee
$0
Credit Needed
Good - Excellent
- Earn $250 cash bonus for spending $3,000 in the first three billing cycles
- 0% APR on purchases for the first nine billing cycles after opening an account
- Earn 1.5% cash back on all purchases
- No annual fee
Pros
- No annual fee
- Sign-up bonus
- Low ongoing APR
Cons
- Short 0% APR period
- No 0% APR period on balance transfers
- Online application not available for nonaccount holders
- Cash Flow Insight®: This tool helps you monitor your spending categories so you can plan your budget.
- Business integrations: You can download your transactions into Excel®, Quicken® or QuickBooks®, or use .csv files.
- Visa Signature® Benefits: This card comes with Visa travel benefits and protection for purchases.
Intro APR
0% for 9 billing cycles
Regular APR
10.99% to 19.99% Variable
Annual Fee
$0
Credit Needed
Good - Excellent
- Earn $250 cash bonus for spending $3,000 in the first three billing cycles
- 0% APR on purchases for the first nine billing cycles after opening an account
- Earn 1.5% cash back on all purchases
- No annual fee
Pros
- No annual fee
- Sign-up bonus
- Low ongoing APR
Cons
- Short 0% APR period
- No 0% APR period on balance transfers
- Online application not available for nonaccount holders
- Cash Flow Insight®: This tool helps you monitor your spending categories so you can plan your budget.
- Business integrations: You can download your transactions into Excel®, Quicken® or QuickBooks®, or use .csv files.
- Visa Signature® Benefits: This card comes with Visa travel benefits and protection for purchases.
Bottom Line
The Capital One® Spark® Cash Select Good Credit card is best for business owners who want a no-annual-fee card that offers fixed-rate cash back rewards for all business-related purchases. If this isn’t what you need, check out our list of top credit cards to find others that may be a better fit for you.
