Capital One® Spark® Cash Select Good Credit is an excellent cash back credit card that offers 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
- 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
Cons
- 0% APR doesn’t apply to balance transfers
- No sign-up bonus
- $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
- 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
Cons
- 0% APR doesn’t apply to balance transfers
- No sign-up bonus
- $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
How We Evaluate Cash Back Rewards Business Credit Cards
When grading fixed-rate cash back business credit cards like Capital One® Spark® Cash Select Good Credit, 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 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 | 64 | 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: Capital One® Spark® Cash Select Good Credit 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 annual percentage rate (APR) for 12 months after opening an account. Business owners who need to make a big purchase can take advantage of this as they can pay off their balance in 12 months, interest-free.
Pros & Cons Explained
Pros of Capital One® Spark® Cash Select Good Credit
- No annual fee: With zero annual fee, you can enjoy unlimited 1.5% cash back on all purchases without the need to keep track of spending categories.
- Ability to finance purchases with 0% APR for 12 months: Business owners who need to make a big purchase can take advantage of the 0% APR for 12 months. This means that you get to borrow money and pay it back with zero interest if you pay the balance within 12 months of opening an account.
Cons of Capital One® Spark® Cash Select Good Credit
- 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. If you need to transfer your balance from your other credit cards, you may find this to be a disadvantage.
- 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. If this is an issue for you, consider other options such as the Chase Ink Business Cash® card.
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%
Capital One® Spark® Cash Select Good Credit Rewards
- Unlimited 1.5% fixed-rate cash back on all purchases
- Welcome offer: None
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 restaurant, retailer, or hotel gift cards. 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.
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 Capital One® Spark® Cash Select Good Credit, 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.
Capital One® Spark® Cash Select Good Credit Alternatives
Chase Ink Business CashSM Credit Card
Chase Ink Business Cash is a good alternative if your business spends a significant amount at office supply stores and on internet, cable, and phone services. This small business credit card offers 5% cash back on the first $25,000 spent on combined purchases in these categories each account anniversary year.
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
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.
- 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
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 Triple Cash Rewards World EliteTM Visa
If you want to enjoy a 0% introductory APR and a welcome bonus of $500, you should consider applying for a U.S. Bank Business Triple Cash Rewards World Elite Visa. This business credit card offers a 0% introductory APR for 15 billing cycles, which is three months more than what the Capital One® Spark® Cash Select Good Credit card offers.
U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard
BEST FOR:
0% APR for 15 billing cycles
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® the card that gives back on all your eligible business needs.
- Limited time offer: Earn $500 in cash back. Just spend $4,500 on the Account Owner's card in the first 150 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations, office supply stores, cellphone service providers. and restaurants.
- 1% cash back on all other eligible net purchases.
- No limit on total cash back earned.
- Rewards never expire
- Earn an annual $100 statement credit for recurring software subscription expenses like FreshBooks or QuickBooks.
- 0% Intro APR on purchase and balance transfers for 15 billing cycles. After that, a variable APR that is 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
- 0% APR applies to both purchases and balance transfers
- Unlimited cash back rewards
- No annual fee
Cons
- Balance transfer fee is charged even during the introductory period
- Intro APR doesn’t apply to cash advances
- 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.
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® the card that gives back on all your eligible business needs.
- Limited time offer: Earn $500 in cash back. Just spend $4,500 on the Account Owner's card in the first 150 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations, office supply stores, cellphone service providers. and restaurants.
- 1% cash back on all other eligible net purchases.
- No limit on total cash back earned.
- Rewards never expire
- Earn an annual $100 statement credit for recurring software subscription expenses like FreshBooks or QuickBooks.
- 0% Intro APR on purchase and balance transfers for 15 billing cycles. After that, a variable APR that is 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
- 0% APR applies to both purchases and balance transfers
- Unlimited cash back rewards
- No annual fee
Cons
- Balance transfer fee is charged even during the introductory period
- Intro APR doesn’t apply to cash advances
- 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.
Bank of America® Business Advantage Cash Rewards Mastercard®
With the Bank of America® Business Advantage Cash Rewards Mastercard®, you can earn up to 3% cash back on your chosen spending category. This is an excellent alternative if your business usually spends in any of these eligible categories: gas stations, office supply stores, travel, TV or telecommunication services, computer services, or business consulting services.
Bank of America® Business Advantage Cash Rewards Mastercard® credit card
BEST FOR:
Up to 3% cash back in a spending category of your choice
9 billing cycles
- Get a $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening - with no annual fee and cash rewards don't expire.
- Earn 3% cash back in the category of your choice, 2% cash back on dining and unlimited 1% cash back on all other purchases.
- You'll get 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
- 0% Introductory APR on purchases for your first 9 billing cycles.
- Redeem your cash rewards as a statement credit, check, or have cash deposited into a Bank of America® checking or savings account.
- Get 75% more cash back on every purchase when you're a Preferred Rewards for Business Platinum Honors tier member. That means you will earn 5.25% on your selected choice category, 3.5% on dining and unlimited 1.75% cash back on all other purchases.
Pros
- Statement credit introductory bonus offer
- Low ongoing APR
Cons
- Highest rewards are capped at $50,000 each year
- Earns top rewards in only one spending category
Bank of American does not disclose details of its additional card features. To find out more about these additional features, review your guide to benefits when you receive your card in the mail.
9 billing cycles
- Get a $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening - with no annual fee and cash rewards don't expire.
- Earn 3% cash back in the category of your choice, 2% cash back on dining and unlimited 1% cash back on all other purchases.
- You'll get 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
- 0% Introductory APR on purchases for your first 9 billing cycles.
- Redeem your cash rewards as a statement credit, check, or have cash deposited into a Bank of America® checking or savings account.
- Get 75% more cash back on every purchase when you're a Preferred Rewards for Business Platinum Honors tier member. That means you will earn 5.25% on your selected choice category, 3.5% on dining and unlimited 1.75% cash back on all other purchases.
Pros
- Statement credit introductory bonus offer
- Low ongoing APR
Cons
- Highest rewards are capped at $50,000 each year
- Earns top rewards in only one spending category
Bank of American does not disclose details of its additional card features. To find out more about these additional features, review your guide to benefits when you receive your card in the mail.
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.
