Great For: Unlimited cash back
- Unlimited 1.5% cash back on every purchase with no cap
- 0% intro APR on purchases for 9 months
- No annual fee
|Welcome offerif you spend $3k in first 3 months||Rewards ratebased on where you spend money||Annual fee||Minimum credit|
|$200 cash back||1.5% cash back||0||700|
The Capital One Spark Cash Select is a fee-free cash back card that will reward you 1.5 cents for every dollar you spend with it. Throw in a $200 welcome offer and a 9-month 0% intro APR period, and you’ve got one of the very best no-fee cards on the market.
Capital One Spark Cash Select for Business Intro Rates
When you sign on as a Spark Cash Select cardholder, you’ll gain access to a nine-month 0% intro APR period.
What does that mean exactly? Well, picture having a credit card that charges no interest at all for balances you carry every month.
If you make your minimum payments on time, that’s how your Spark Cash Select will work for you for your first nine months with it. You’ll be able to get that big-ticket item you’ve been putting off buying for your business, and then you’ll be able to pay it off over nine months without accumulating a cent of interest.
But be careful to pay off your balance in full before the nine-month intro period is up—though your APR will set in at a rate that will depend on the market Prime Rate and your creditworthiness, this rate will certainly set in at greater than 0%.
Capital One Spark Cash Select for Business Rewards: Welcome Offer
The Capital One Spark Cash Select comes with a signing bonus that relies on your spending $3,000 during your first three months with the card.
If you reach that spending threshold, you’ll earn $200 cash back.
Do you spend an average of $1,000 on your business every month?
If you answered, “Yes,” then you’d be able to access the Spark Cash Select’s signing bonus without altering your business spending habits.
That means Capital One will essentially pay you $200 for business spending as usual. And that’s just another sum of value you can put towards investing in your business.
Capital One Spark Cash Select for Business Rewards: Ongoing Offer
When you spend with your Capital One Spark Cash Select for Business, you’ll earn an even 1.5% cash back for every single dollar you spend on your business.
You won’t have to worry about whether or not you’re optimizing your cash back with your spending—you’ll spend with the peace of mind that accompanies knowing you’re always earning the most cash back possible.
Not to mention, the rewards that you earn with the Spark Cash Select won’t be capped annually. This no-cap feature is actually pretty rare for cash back credit cards, so the Spark Cash Select is definitely a high-earning outlier within the cash back business credit card scene.
Capital One Spark Cash Select for Business Annual Fee
What’s the annual fee for all of the rewards that the Spark Cash Select offers? We’re so glad you asked, because it’s $0.
It might be hard to believe, but you’ll be able to access the Spark Cash Select’s flat-rate, no-cap cash back rewards for free.
If you qualify for it, the Capital One Spark Cash Select offers one of the most straightforward, hassle-free cash back rewards programs on the market no annual fee at all.
Get the Capital One Spark Cash Select if:
- You’re looking for a no-fuss cash back rewards card.
- You want to access a 0% intro APR periods of nine months.
- You don’t want to pay an annual fee.
Skip the Capital One Spark Cash Select if:
- You’re looking for even better cash back rewards.
- You’re looking for a card with a longer 0% intro APR.
- You’d rather earn rewards points for your spending.
No Annual Fee
Not having an annual fee is one of the biggest draws a business rewards credit card could boast, and not many are able to.
This Capital One business credit card is an anomaly in that it allows you to accumulate solid cash back without paying an annual fee. Because this card doesn’t have an annual fee, you won’t have to bother with the calculations involved in trying to figure out if a high-fee card is worth its rewards rates.
As long as you spend responsibly, the Spark Cash Select is all earning, all the time.
Flat-Rate, No-Cap Cash Back
The Spark Cash Select’s flat-rate, no-cap rewards are another main reason why it should be on your shortlist for cash back business credit cards.
For business owners that aren’t prepared to dedicate some serious brainpower to figuring out how to optimize rotating rewards categories and hierarchies, the Spark Cash Select’s flat-rate cash back returns are a breath of fresh air.
Even more, if your business spending doesn’t isolate itself to a few specific categories, flat-rate rewards could end up being far more lucrative for you than reward categories. If you’re spending in different areas all the time, you’ll only rarely spend within a card’s top-earning categories.
Best of all, Capital One won’t cap your potential earnings when you spend with this card.
Luckily, with the Spark Cash Select you’re always earning for every dollar—no matter what you spend on, no matter how much you spend.
No Foreign Transaction Fee
One sneaky fee that business credit cards can often get you with is a foreign transaction fee. Credit card issuers tend to impose these fees in the form of a percentage of every dollar you spend outside of the U.S. And this percentage can get as high as 3%.
Good news for international spenders—Capital One won’t charge you a foreign transaction fee for the purchases you make abroad. That’s just 3% more money you’ll be saving your business and another worry you can let go when you spend with the Capital One Spark Cash Select for Business.
Small Signing Bonus
Though it might be hard to believe, the Spark Cash Select’s signing bonus of $200 cash back is actually pretty modest compared to the signing bonuses that some of its competitors offer.
It’s important to note that it’s pretty remarkable that the Spark Cash Select has a signing bonus—very few no-fee cards offer them. Nonetheless, if you’re willing to pay an annual fee, you’ll definitely be able to find a more generous signing bonus out there.
All in all, if you’re looking for a huge lump sum cash out as your welcome bonus, then you should probably look into cash back cards other than the Spark Cash Select.
Short 0% Intro APR Period
Another place where the Spark Cash Select is mildly lacking? Its 0% intro APR period.
Though the Spark Cash Select does offer a nine-month 0% intro APR period, there are other no-fee cards that offer even longer 0% intro APR periods.
At the end of the day, the lengthier the 0% intro APR period, the more time you’ll have to pay off any balance you carry interest-free. A few extra months of 0% APR could save your business a lot of cash.
If a lengthy 0% intro APR period is high-priority for you and your business, check out alternative cash back business credit cards with longer intro periods.
No Top-Earning Spending Categories
Though the Capital One Spark Cash Select’s flat-rate cash back rewards might be a major upside for certain types of spenders, it can also be a major downside for other types of spenders.
If you’re spending a lot on traditional business expenses—think office supplies, shipping, gas, advertisement—then a flat-rate card won’t be your most lucrative option. That’s because many other business credit cards will offer tiered rewards that will let you earn upwards of 5% of every purchase you make within a given category.
All in all, if you’re mostly spending on typical business purchases, then the Capital One Spark Cash for Business probably won’t be your most lucrative option.
Great For: Simple cash back rewardsRead Full Review
- Unlimited 2% cash back on every purchase with no cap
- Earn a $500 as signup bonus if you spend $4,500 in the first 3 months
- Annual fee waived first year
|Welcome offerif you spend $4,500 in the first 3 months||Rewards rateon every purchase with no caps||Annual feefirst year, then $95||Minimum credit|
|$500||2% cash back||0||660|
Great For: Making purchases with a 0% intro APR periodRead Full Review
- 12 month 0% intro APR period on purchases from the date of account opening
- 2X points for the first $50K spent
- No annual fee
|Intro apron purchases for 12 months from the date of account opening||Regular apron purchases for 12 months from the date of account opening||Annual fee||Minimum credit|
|0%||13.24% – 19.24%||0||700|
Sally Lauckner is the editor-in-chief of the Fundera Ledger and the editorial director at Fundera.
Sally has over a decade of experience in print and online journalism. Previously she was the senior editor at SmartAsset—a Y Combinator-backed fintech startup that provides personal finance advice. There she edited articles and data reports on topics including taxes, mortgages, banking, credit cards, investing, insurance, and retirement planning. She has also held various editorial roles at AOL.com, Huffington Post, and Glamour magazine. Her work has also appeared in Marie Claire, Teen Vogue, and Cosmopolitan magazines.