Capital One Spark Cash for Business Overview

Find out more about the Capital One Spark Cash for Business credit card with features & benefits, pros & cons and other useful information.

Updated on December 2nd, 2019

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Capital One Spark Cash for Business is a small business credit card that gives you 2% cash back for all of your business purchases.

Rates and Fees:

Rate or Fee Type

Amount

Annual Fee

$95.00

Variable APR

18.74%

Penalty APR

31.15%

APR for Cash Advances

24.74%

Capital One Spark Cash For Business
Review:

Pros: Free international transactions. Very secure.

Cons: Difficult for first-time applicants to qualify.

Bottomline: If you have an excellent credit score, Capital One Spark Cash for Business could save your business a lot of money.

Key Information:

Founder

Richard Fairbank, Nigel Morris

Founded

1988

Headquarters

McLean, VA

Number of Employees

10,000

Number of Customers

3,000,000

CEO

Richard Fairbank

Address

1680 Capital One Drive, McLean, VA 22102

Phone Number

1 (877) 383-4802

Website

www.capitalone.com

Features and Benefits:

2% cash back.

With the Capital One 2 cash back credit card, you earn 2% on all of your purchases. Your rewards are unlimited and you can redeem them at any time. That means more money in your pocket the more you use your Capital One 2 cash back card.

Low annual fee.

Capital One Spark Cash for business is affordable, with an annual fee of only $95.00. Even better, the first year is free!

Cash bonus for new members.

If you're ready to start using your new Spark card, Capital one will give you a $500.00 cash rewards bonus if you spend at least $4,500.00 in the first three months that your account is open.

Free employee cards.

Business accounts are usually used by more than one person. With Capital One's 2 percent cash back business credit card, you can order free employee credit cards. Employee credit cards can also be used to earn rewards.

Pros and Cons:

Pros

Cons

Generous cash back rewards.

High APR (18.74%).

No fees for international transactions.

No travel rewards like other business credit cards.

Purchase records can be downloaded for Quickbooks.

Requires an excellent credit score in order to qualify.

Fraud coverage and alerts via text, email or phone.

The application process is more rigorous than most.

FAQs:

Does Capital One have a business credit card?

Yes. Capital One has three Spark business credit cards, namely, Spark Cash, Spark Cash Select, and Spark Classic.

Does Capital One have a 2% cash back card?

Yes, the Spark Cash Credit Card from Capital One offers unlimited 2% cash back that can be redeemed at any time.

Is the Capital One Spark a card good?

While it can be difficult for first-time applicants to qualify, the Capital One Spark Cash credit card can save your business a lot of money. Customers have given it fairly good reviews.

Does Capital One report to Dun & Bradstreet?

Yes. Capital One's business credit cards report to three business credit bureaus, namely, Dun & Bradstreet, Experian Business, and Small Business Financial Exchange.

Does Capital One have business checking?

Yes, Capital One offers two business checking accounts. However, as of November 2019, selected Capital One products are undergoing changes, and applications for these are not being accepted for the time being. Keep an eye on Capital One's website for updates.

Does Capital One Business report to personal credit?

Capital One reports business credit card activity to consumer bureaus.

Does Capital One Spark have foreign transaction fees?

No, Capital One Spark does not charge any transaction fees when you use your card internationally. This makes it a convenient payment option on business trips.

How do I redeem my Capital One Spark rewards?

If you have started to earn cashback from your Capital One credit card purchases, you can redeem your rewards at any time by [logging into your Capital One account](https://www.capitalone.com and visiting the "Rewards" page.

Does the Capital One Spark credit card have annual fees?

The fees are waived for the first year. After that, the card has an annual fee of $95.00.

Customer Reviews:

FierceRabbit

Reviewed: Oct 15, 2017

Source: Myfico

It's a sweet card and they are generous with the SL. I got 50k and my wife got 30k, even tho they wouldn't give me a cli on my 750 limit capital one card. The cash back is available as soon as charges clear, so awesome.

SouthJamaica

Reviewed: Apr 23, 2018

Source: Myfico

it's very good. The only negatives are (1) Capital One often triple pulls for your application (but that's behind you now) and (2) it reports to personal credit (but you already knew that).

TruthHurts87

Reviewed: Oct 14, 2017

Source: Myfico

I had been searching for a business credit card which offers great cash back as I don't really need travel points or rewards. Long story short, I applied for the Capital One Spark Cash and got approved with a $30k SL. Does anyone have experience with this card? Only downfall I noticed was it reports on your personal credit.