Capital One Debuts Spark Cash Plus and Spark Cash Select Credit Cards

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Capital One business credit card debut

Capital One Spark Cash Plus Credit Card

  • Rewards

    Unlimited 2% cash back on every purchase

  • Welcome bonus

    $500 once you spend $5,000 in the first three months, and an additional $500 once you spend $50,000 in the first six months

  • Annual fee

  • Promo APR

  • Regular APR

    No APR; pay off your balance in full every month to avoid a 2.99% late fee

  • Balance transfer fee

  • Foreign transaction fee

  • Credit needed

Pros

  • Lucrative welcome offer
  • No present spending limit
  • Free employee cards
  • Roadside assistance benefits
  • No foreign transaction fees

Cons

  • Balance must be paid in full each month
  • Annual cash bonus of $200 requires $200,000 yearly spending

Information about the Capital One Spark Cash Plus has been collected independently by Select and has not been reviewed or provided by the issuer prior to publication.

Capital One Spark Cash Select Credit Card – Good Credit

The Capital One Spark Cash Select Credit Card comes in two different versions. This version is designed for business owners with good credit, and that need payment flexibility. The card comes with a 0% intro APR for 12 months, and is 15.99% – 23.99% variable APR after that.

In addition, the card comes with these benefits:

  • Unlimited 1.5% cash back
  • No annual fee
  • Free employee cards
  • Roadside assistance

Because this is a credit card you will have a credit limit, unlike a charge card, and will only be able to spend up to a certain amount before you need to pay off your balance again.

Capital One Spark Cash Select – Good Credit

  • Rewards

    Unlimited 1.5% cash back on every purchase

  • Welcome bonus

  • Annual fee

  • Promo APR

    0% intro APR for 12 months

  • Regular APR

  • Balance transfer fee

  • Foreign transaction fee

  • Credit needed

Pros

  • Valuable intro APR
  • Free employee cards
  • Roadside assistance benefits
  • No foreign transaction fees

Cons

  • No welcome bonus
  • Higher cash back options available elsewhere

Information about the Capital One Spark Cash Select – Good Credit has been collected independently by Select and has not been reviewed or provided by the issuer prior to publication.

Capital One Spark Cash Select Credit Card – Excellent Credit

This version of the Capital One Spark Cash Select Credit Card is for business owners with excellent credit. This card does not come with a 0% intro APR, but comes with a significant welcome bonus:

  • $500 welcome bonus when cardholders spend $4,500 in the first 3 months
  • Unlimited 1.5% cash back
  • No annual fee
  • Free employee cards
  • Roadside assistance

This card competes with the Chase Ink Business Unlimited® Credit Card, which offers a great welcome bonus of $750 after spending $7,500 in the first three months of card membership. Additionally, the card offers a 0% intro APR for the first 12 months (after, 13.24%–19.24% variable) and 1.5% cash back on all eligible purchases.

Capital One Spark Cash Select – Excellent Credit

  • Rewards

    Unlimited 1.5% cash back on every purchase

  • Welcome bonus

    Earn a one-time $500 cash bonus once you spend $4,500 on purchases within the first 3 months from account opening. 

  • Annual fee

  • Promo APR

  • Regular APR

    13.24% – 19.24% variable APR

  • Balance transfer fee

  • Foreign transaction fee

  • Credit needed

Pros

  • Valuable welcome offer bonus
  • Free employee cards
  • Roadside assistance benefits
  • No foreign transaction fees

Cons

  • High APR
  • Higher cash back options available elsewhere

Information about the Capital One Spark Cash Select for Excellent Credit has been collected independently by Select and has not been reviewed or provided by the issuer prior to publication.

How to apply for and pick a business credit card

There is a seemingly endless list of business credit cards available for small business owners. It can be overwhelming to try to pick the right card for your business, but it can be boiled down into a few key points.

Picking the right business credit card

When you are searching for a business credit card, keep in mind these few questions:

By keeping these questions in mind, you will be able to find a few business credit card options that work best for your company.

Applying for a business credit card

Applying for a business credit card is very similar to a regular credit card application, with just an extra few steps.

You will need the following information to document the status of your business:

  • Business name, address and phone number
  • Industry type and company structure
  • Years in business
  • Number of employees
  • Annual business revenue
  • Estimated monthly spend
  • Tax identification number
  • Personal information such as your social security number, name, birthday and address

Capital One says its business credit card application will take roughly 10 minutes. But if you have this information handy, it can be processed even quicker.

Bottom line

The Capital One business credit card portfolio may appeal to many types of small business owner. Whether you are looking for spending flexibility, payment flexibility or solid cash-back rewards, one of these three cards can help you run and operate your business’s expenses.

For rates and fees of the Blue Business Plus, click here.

Information about the Capital One Spark Cash Select Credit Card – Excellent Credit, Capital One Spark Cash Select Credit Card – Good Credit and the Capital One Spark Cash Plus Credit Card has been collected independently by Select and has not been reviewed or provided by the issuer of the cards prior to publication.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.