Capital One® Spark® Classic for Business is best for business owners with fair credit. When used responsibly, this unsecured small business credit card can help you build and strengthen your credit. Additionally, it allows you to earn fixed-rate rewards on all business-related purchases without paying an annual fee.
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 1% Classic
BEST FOR:
Those with fair credit
Intro APR
N/A
Regular APR
30.74% variable
Annual Fee
$0
Credit Needed
Fair
- 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 to qualify
- Doesn’t charge annual and balance transfer fees
Cons
- Charges high ongoing APR
- Has no 0% introductory APR
- No welcome offer
- Automatic payments: Setting up AutoPay in the Capital One mobile app will save you from having to worry about signing in to your account every month
- $0 fraud liability: If your card is either lost or stolen, you can get an emergency replacement and cash advance.
- Purchase records: You can download all purchase records quickly and securely in multiple formats, including Quicken®, QuickBooks®, and Excel®.
- Extended warranty: Get free additional warranty and protection on eligible items purchased with your business credit card.
- Free employee cards: You can create multiple employee cards, track employee spending, and customize spending limits while earning all the rewards from their purchases.
Intro APR
N/A
Regular APR
30.74% variable
Annual Fee
$0
Credit Needed
Fair
- 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 to qualify
- Doesn’t charge annual and balance transfer fees
Cons
- Charges high ongoing APR
- Has no 0% introductory APR
- No welcome offer
- Automatic payments: Setting up AutoPay in the Capital One mobile app will save you from having to worry about signing in to your account every month
- $0 fraud liability: If your card is either lost or stolen, you can get an emergency replacement and cash advance.
- Purchase records: You can download all purchase records quickly and securely in multiple formats, including Quicken®, QuickBooks®, and Excel®.
- Extended warranty: Get free additional warranty and protection on eligible items purchased with your business credit card.
- Free employee cards: You can create multiple employee cards, track employee spending, and customize spending limits while earning all the rewards from their purchases.
When grading business credit cards like the Capital One® Spark® Classic for Business, we first consider the annual fee and ongoing annual percentage rates (APRs). We also take into account the card’s ongoing rewards, introductory APR, and any other fees.
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Who the Capital One® Spark® Classic for Business Is Best For
- Those with credit scores between 580 and 669: It’s an excellent unsecured credit card that helps build both personal and business credit.
- Those who want a fixed-rate rewards card: You’ll earn unlimited 1% cash back on all spending without keeping track of category restrictions.
- Those who don’t want additional fees: It doesn’t charge any annual, foreign transaction, and balance transfer fees.
Check out our recommended alternatives below if this card doesn’t fit the bill. Alternatively, you may check our review of the best Capital One business credit cards for more options from the issuing bank.
Capital One® Spark® Classic for Business Rewards
- Unlimited 1% cash back on every purchase for your business, with no minimum to redeem
- Unlimited 5% cash back on hotels and car rentals booked through Capital One Travel
Capital One® Spark® Classic for Business Calculator
Find out how much you can earn from the Capital One® Spark® Classic for Business based on your estimated monthly expenses. Our rewards calculator will compute your potential rewards—just enter your expected monthly spending, and our calculator will do the rest.
How To Redeem Capital One® Spark® Classic for Business Rewards
Cash back is available upon request as a statement credit or through a check sent by mail. You can also set up an automatic redemption preference, with options including setting a time each calendar year or when a specific threshold has been met. Note that rewards don’t expire so long as your account is active.
Capital One® Spark® Classic for Business Features
Featured Benefits
- Automatic payments: Setting up AutoPay in the Capital One mobile app will save you from having to worry about signing in to your account every month
- $0 fraud liability: If your card is either lost or stolen, you can get an emergency replacement and cash advance.
- Year-end summaries: You can get an itemized report of your spending to simplify both budgeting and tax time.
- Purchase records: You can download all purchase records quickly and securely in multiple formats, including Quicken, QuickBooks, and Excel.
- Capital One Travel: Capital One offers the best prices on thousands of trip options, even after booking, with the flexibility to pay with your rewards, card, or both.
Managing Accounts
- Flexible payments: You can choose your monthly due date, having the control to pay when you want.
- Transition details: Stay on top of your purchases by finding merchant information, such as an address, logo, phone number, and map, when made available.
- Recurring transactions: Check out Capital One’s list of merchants that charge your Spark® Classic for Business monthly.
- Free employee cards: You can create multiple employee cards, track employee spending, and customize spending limits while earning rewards from their purchases.
Service & Protection
- Roadside assistance: Capital One offers services that can help you in roadside emergencies, such as jump-starting, tire changing, and towing.
- Extended warranty: Get free additional warranty and protection on eligible items purchased with your business credit card.
- Fraud and security alerts: Receive email or text message alerts if Capital One detects a potential mistake or suspicious charge on your account.
Capital One® Spark® Classic for Business Fees
APR
- Introductory: None
- Ongoing, balance transfers, and cash advance: 30.74% variable—changes with the prime rate
- Penalty: 34.65% variable—changes with the prime rate and will be applied to your account if you make a late payment.
Fees
- Annual and balance transfer: None
- Cash advance: Either $3 or 3% of the amount of each cash advance, 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 into your Capital One account and select “Make a payment.”
- In-person: 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
Capital One® Spark® Classic for Business Alternatives
First National Bank of Omaha Business Edition Secured Visa Card
First National Bank of Omaha Business Edition® Secured Mastercard® Card
BEST FOR:
Secured credit lines of as much as $100,000
Intro APR
None
Regular APR
APR: 25.99% variable
Annual Fee
$39
Credit Needed
Very Poor to Good
- While FNBO does not offer any rewards for their new and existing cardholders for this card, you can still earn rewards through Mastercard Easy Savings®, where cardholders are able to save on purchases with automatic rebates from over 40,000 participating merchant locations available.
Pros
- Available for those with very poor to good scores
- Can set credit limits from $2,000 to $100,000
- Offers free management reports
Cons
- With annual fee
- Charges foreign transaction fee
- No introductory and ongoing rewards
- Requires a security deposit of 110% of the credit limit required
- TurboTax discount: Get a discount of up to $20 on TurboTax federal products when using First National Bank of Omaha Business Edition® Secured Mastercard®.
- QuickBooks Online or QuickBooks Self-Employed discount: Receive either a 30% off of a 12-month subscription on QuickBooks Online (Simple Start, Essentials, Plus, or Advanced) or a 30% off of a 12-month subscription on QuickBooks Self-Employed. This is applicable only to new QuickBooks Online customers.
- Free management reports: First National Bank of Omaha provides free management reports to help track expenses, monitor spending, note tax deductions, prepare tax filings, and predict costs easily.
- Zero liability: FNBO guarantees that you won’t be held responsible for any fraudulent charges made with both your card and account information.
Intro APR
None
Regular APR
APR: 25.99% variable
Annual Fee
$39
Credit Needed
Very Poor to Good
- While FNBO does not offer any rewards for their new and existing cardholders for this card, you can still earn rewards through Mastercard Easy Savings®, where cardholders are able to save on purchases with automatic rebates from over 40,000 participating merchant locations available.
Pros
- Available for those with very poor to good scores
- Can set credit limits from $2,000 to $100,000
- Offers free management reports
Cons
- With annual fee
- Charges foreign transaction fee
- No introductory and ongoing rewards
- Requires a security deposit of 110% of the credit limit required
- TurboTax discount: Get a discount of up to $20 on TurboTax federal products when using First National Bank of Omaha Business Edition® Secured Mastercard®.
- QuickBooks Online or QuickBooks Self-Employed discount: Receive either a 30% off of a 12-month subscription on QuickBooks Online (Simple Start, Essentials, Plus, or Advanced) or a 30% off of a 12-month subscription on QuickBooks Self-Employed. This is applicable only to new QuickBooks Online customers.
- Free management reports: First National Bank of Omaha provides free management reports to help track expenses, monitor spending, note tax deductions, prepare tax filings, and predict costs easily.
- Zero liability: FNBO guarantees that you won’t be held responsible for any fraudulent charges made with both your card and account information.
When To Consider First National Bank of Omaha Business Edition Secured Visa Card
- You want a high credit limit: It is one of the few secured business credit cards that offer a maximum of $100,000 credit limit.
- You plan to rebuild/establish your credit: As a secured business credit card, it helps you rebuild/establish your business credit scores to eventually apply for an unsecured business credit card.
Other Benefits
- Offers zero liability, which guarantees that you won’t be held responsible for any fraudulent charges made with your card
- Receive automatic rebates on your purchases through the Mastercard Easy Savings®
- Provides coverage for automobile rentals paid with your card
The ability to request a high credit limit is our reason for recommending it as our best secured business credit card and our top business credit card for Bad Credit.
Bento for Business Visa® Debit Card
 Bento for Business Visa® Debit CardBEST FOR: Those who need robust spend controls | |
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Monthly fees
Additional fees
Further details
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When To Consider Bento for Business Visa® Debit Card
- You want a business prepaid card with ATM access: This business prepaid card lets business owners withdraw funds via ATM. Note that a withdrawal limit of $500 per day is allowed.
Other Benefits
- Lets you pay your invoices digitally by only using the payee’s email address through Bento Pay™
- Allows you to make different kinds of cards depending on your business needs
- Set up customized alerts to be notified of certain activities made on your Bento account
Despite charging fixed monthly fees depending on the number of employees you have, its ability to withdraw funds via ATM is our main reason for recommending it as our top business prepaid card and one of our preferred business credit cards for Fair Credit.
Emburse Spend Card
 Emburse Spend CardBEST FOR: Earning Unlimited Cash Back Rewards | |
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Costs | |
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When To Consider Emburse Spend Card
- You want a business prepaid card that lets you earn rewards: It lets you earn 1% cash back on all purchases
Other Benefits
- Offers a default $100,000 budget ceiling, and can be increased with additional review
- Assists you in making data-driven decisions to improve your financial health through the Emburse Spend
- Has no additional costs for using Emburse Spend
This card made it to our roundups of the best sole proprietorship business credit cards, recommended small business credit cards, and best business credit cards for bad credit due to its ability to earn unlimited cash back rewards and easy approval.
Frequently Asked Questions (FAQs)
Yes, the card reports your card activities to both personal and business credit bureaus.
You can apply for the Capital One Spark 1% Classic for Business in three ways:
- Online: This is considered the fastest and most straightforward way to apply. Note that decisions are instantly made when applying online. Note that you will need to fill in a form with relevant information.
- Phone: You can call (800) 227-4825 and follow the prompts that will lead you to a representative
- In-person: Go to the nearest Capital One branch to apply for the Capital One Spark 1% Classic for Business.
Bottom Line
Capital One® Spark® Classic for Business is best for business owners who need a card that will help them build both personal and business credit without having to make a security deposit. It lets you earn unlimited 1% cash back on all business-related purchases and unlimited 5% cash back on hotels and car rentals booked via Capital One Travel. Other business credit cards will offer a lower ongoing APR and not charge additional fees.
