-annual-fee option with the highest rewards rate.

Investopedia is committed to delivering the best credit card recommendations in the industry. The Capital One Spark Cash Select - $500 Cash Bonus card is a fantastic option for business owners seeking a simple cashback credit card with high rewards, $0 annual fee, no foreign transaction fees and a host of business-related benefits. This card provides simplicity and flexibility when it comes to earning and redeeming cashback rewards, while business benefits like free employee cards, extended warranty, roadside assistance and more work to sweeten the deal. For more information please see our Advertiser Disclosure. Plus, you'll earn 1% cash back on all other eligible purchases. Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1% cash back earned is automatically credited to your statement.

Sign-up bonus:Earn up to a $1,000 cash bonus; $500 once you spend $5,000 in the first 3 months, and $500 once you spend $50,000 in the first 6 months of account opening. OK92033): Licenses, NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer AccessLicenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Capital One Spark Cash Select Review: No-Fuss Rewards, No Fee. Advertiser Disclosure: Some of the offers that appear on this website are from companies which ValuePenguin receives compensation. So other than using your card for every purchase you can, theres not much you can do to maximize the value of the cash back you receive. When you spend $3,000 on purchases within three months from account opening, you will earn a $200 cash bonus. But it features a unique and potentially lucrative bonus, which Discover phrases this way: "Get an unlimited dollar-for-dollar match of all the cash back you earn at the end of your first year, automatically. Its accurate to the best of our knowledge when its posted. It, too, earns 1.5% cash back on all purchases, has an annual fee of$0 and doesn't charge foreign transaction fees. All financial products, shopping products and services are presented without warranty. Though the sign-up bonus is more difficult to attain with the Ink Business Cash Credit Card, if you use this card regularly, the value of the earning rate and sign-up bonus will likely provide greater value than the Capital One Spark Cash Select - $500 Cash Bonus. If you'd prefer a higher earning rate and don't mind paying a moderate annual fee, you can earn 2% Cash Back for your business on every purchase, everywhere, instead of 1.5%, with the Capital One Spark Cash for Business card. Get something different!!! These CapitalOne Spark cards really are not business cards at all, but sign-up bonuses and immediate cashback are hard to beat! TheCapital One Spark Cash Select - $500 Cash Bonus is an easy choice for small-business owners who want simple cash-back rewards, no foreign transaction fees and an annual fee of$0. and have not been previously reviewed, approved or endorsed by any other And no limit to how much well match. Get cash back rewards for any amount at any time with no expiration date for the life of the account. Advertising considerations may impact where offers appear on the site but do not affect any editorial decisions, such as which card products we write about and how we evaluate them. Capital One Spark Miles for Business, annual fee of$0 intro for the first year, then $95. Earn 2% cash back for your business on every purchase, everywhere.

When evaluating offers, please review the financial institutions Terms and Conditions. Terms apply. By clicking Accept All Cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. If you travel frequently, you may find a travel credit card more rewarding. The card awards 2 points on travel and dining and 1 point on everything else. Most cash-back cards slap on foreign transaction fees when you make international purchases, but this one doesn't. However, it charges foreign transaction fees. Benefits: Both cards offer benefits including an auto rental collision damage waiver, purchase security, extended warranty coverage and travel and emergency assistance services. This is a solid fixed earning rate for companies with diverse spending patterns that wouldn't necessarily benefit from more rewards in bonus categories. can make a lot of sense for entrepreneurs who value simplicity even though the issuer has made things a little complicated with its Spark Cash Select card. I pay my card on time and there is nothing more to it. Also, this account will show up on your personal credit, so there's truly not a lot of benefit besides increasing your available credit and a nice sign-up bonus. That's an extra half point per dollar, on each eligible purchase of $5,000 or more. Credit card foreign transaction fees are typically 3%, meaning they can easily wipe out the value of any rewards you earn. I literally bought a new laptop for my business within 5 minutes of approval without receiving the actual card, so I was earning cash back within minutes!

If you frequently travel overseas for work, this benefit is essential. However, this does not influence our evaluations. 0% intro APR on Purchases for 12 months, and then the ongoing APR of 14.74%-20.74% Variable APR. Both versions of the card offer unlimited 1.5% cash back on all purchases and, unlike most cash-back cards, don't charge foreign transaction fees. Miles are worth 1 cent apiece when redeemed for a broad range of travel purchases. pays 1.5% on all purchases, even inventory orders. After that, the standard APR is 13.99%, 19.99% or 23.99%, based on your creditworthiness. We rate both introductory APR percentage and length (in months) along with the midpoint of the variable regular APR interest rate range. I have this Business card for my business & it's showing in my credit & decrease my personal credit score, what the point getting business card when your personal score goes down. If you have specific questions about the accessibility of this site, or need assistance with using this site, contact us. NerdWallet's ratings are determined by our editorial team. The Capital One Spark Cash Select - $500 Cash Bonus is a great option for businesses looking for a simple, high-earning cashback card with a $0 annual fee and no foreign transaction fees. Compared to the Capital One Spark Cash Select - $500 Cash Bonus, though, it comes with a much larger sign-up bonus Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening. (Some good options are included in this review.) The information for the Capital One Spark Cash Select for Business Credit Card has been collected independently by U.S. News and the card is not currently available on the site. With the Capital One Spark Cash Select - $500 Cash Bonus, you can Earn unlimited 1.5% Cash Back on every purchase; 5% Cash Back on hotels and rental cars booked through Capital One Travel. Some of these include several travel-related credits like a Global Entry/TSA Precheck credit, a CLEAR credit (enrollment required) and an airline fee credit for up to $200 (enrollment required) that help offset the annual fee. Capital One Spark Cash Select - $500 Cash Bonus, American Express Blue Business Cash Card, 0% intro APR on purchases for 12 months from the date of account opening. This card also offers 5% cash back on hotels and rental cars booked through Capital One Travel. You wont earn a sign-up bonus with this offer however, you will still get unlimited 1.5% Cash Back on every purchase; 5% Cash Back on hotels and rental cars booked through Capital One Travel with a $0 annual fee. If you're keen on finding a no-annual-fee cash-back card without foreign transaction fees, though, the Capital One Spark Cash Select - $500 Cash Bonusis a winner. Editorial Note: The content of this article is based on the authors opinions and recommendations alone. Rewards:1.5 miles per dollar spent on all purchases. Pre-qualified offers are not binding. plus a 0% APR period (0% intro APR on Purchases for 12 months, and then the ongoing APR of 14.74%-20.74% Variable APR), giving it the primary benefits of the Capital One Spark Cash Select - $500 Cash Bonus and the Capital One Spark Cash Select - 0% Intro APR for 12 Months. This card also offers 5% cash back on hotels and rental cars booked through Capital One Travel.

One example is the other Spark Cash Select credit card offer, which has no annual fee but doesn't include any sign-up bonus whatsoever. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Modest rewards and introductory cash bonus. Capital One gives cardholders the ability to lock their or an employee's card from the mobile app. Credit Karma is committed to ensuring digital accessibility for people with disabilities. Power in its 2021 U.S. Banking Mobile App Satisfaction Study. Bonus categories also tend to focus on operating expenses rather than inventory. Rewards: The Capital One Spark Cash Select for Business card earns 1.5% cash back on all purchases. Still, both cards do come with the same generous sign-up bonus. This flexibility in rewards redemption options could translate to maximized value. These cards award miles instead of cash back, which can be redeemed for travel as statement credits or transferred to a variety of travel partners. Become a NerdWallet member, and well send you tailored articles we think youll love. When compared among all business cards in our database: For Capital One Spark Cash Select Excellent Credit, See how this card compares to similar cards, Investopedia Credit Card Rating Methodology. This site does not include all card companies or all card offers available in the marketplace. Not cool at all. 2 miles per dollar spent on all purchases. Here's how they stack up. It doesn't charge an annual fee or foreign transaction fees, comes with a high sign-up bonus, solid business benefits and a great flat earning rate across all spending categories.

Either $10 or 3% of the amount of each cash advance, whichever is greater. There is a $0 annual fee, so you won't need to worry about that as a requirement for card membership. The opinions you read here come from our editorial team. Earn a one-time bonus of 50,000 miles equal to $500 in travel once you spend $4,500 on purchases within the first 3 months from account opening. and Credit Karma Offers, Inc. are not registered by the NYS Department of Financial Services. CK 650, Vantage 750. My Capital One Card has a credit limit of $10,000. They ruin your Credit! There are very few downsides to this card, but we should mention that many small business credit cards like the Ink Business Cash Credit Card, for example offer higher rewards in particular spending categories. Sign-up bonus:Earn a one-time bonus of 50,000 miles equal to $500 in travel once you spend $4,500 on purchases within the first 3 months from account opening. All Rights Reserved.

Then there's the Chase Ink Business Unlimited, which has no annual fee and offers the same 12-month 0% APR on purchases deal as the Amex Blue Business Cash, while also offering a bonus of $750more than three times the size of the one with the Capital One Spark Cash Select Excellent Creditfor $7,500 in spending within the first three months. Capital One Spark Cash Plus, annual fee of$150. Rewards: Unlimited 1.5% cash back on all purchases; unlimited 5% cash back on hotels and rental cars booked through Capital One Travel. When evaluating offers, please review the financial institutions Terms and Conditions. To view rates and fees of the American Express Blue Business Cash Card, see this page. If you care more about saving interest on a purchase for your business than earning a sign-up bonus, you should check out the Capital One Spark Cash Select - 0% Intro APR for 12 Months. When you're comparing the Capital One Spark Cash Plus and theCapital One Spark Cash Select - $500 Cash Bonus, the latter might seem like the best option if you're trying to avoid annual fees. The card does not have an annual fee.

On the negative, they used my lowest credit score for approval- my FICO BankCard 3 Score, which was the lowest of the dozens of scores that MyFICO monitors, so I only got approved with a $5000 limit. You can typically earn more rewards on your purchases when you spend on categories like office supplies, dining and travel, or whatever the card is offering. Applied and got instant approval for $2K. If 0% APR isnt a priority for you, theres also this card's sibling, the Capital One Spark Cash. Two other Spark cards also offer cash back: The Capital One Spark Cash Plusoffers 2% cash back on all purchases, but is a charge card (so you can't revolve a balance) and has an annual fee of $150. Product name, logo, brands, and other trademarks featured or referred to within Our recommended ranges are based off of the FICO Score 8 credit-scoring model. Put $10,000 a month in inventory spending on the card, for example, and you've got $1,800 in rewards in a year. With the Ink Business Cash Credit Card, cardholders can 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. Can only recommend. Many or all of the products featured here are from our partners who compensate us. Terms apply (see rates and fees). Applied for Credit Card with over 760 score. The card does charge a 3% foreign transaction fee, however, so it's not a good choice for international purchases. Balance transfer fees are occasionally waived during introductory periods with certain cards, a factor which is heavily and positively weighted in our scoring model for cards offering this benefit. You can receive cash in the form of a statement credit or paper check. There are a myriad of reward and non-reward card options that charge no annual fee but for the many that do assess an annual fee the cost is often justified by their lucrative ongoing rewards and initial signup bonuses.

That's because The Business Platinum Card from American Express comes with a hefty $695 annual fee, but also includes a host of luxury travel perks intended to compensate for the fee. To rate credit cards we objectively assess, score and weight nearly 100 individual card features which roll up into five major feature sets: fees, interest, rewards, benefits and security/customer service. annual fee, unlimited 1.5% cash back on all purchases and a welcome offer. Heres how we weighted those feature sets for the overall star rating of a card: We have applied our proprietary rating methodology to every generally-accepted credit card in the U.S. domestic market to allow consumers to make fully informed choices. 1.5 miles per dollar spent on all purchases. Earn 3 points per $1 spent when you book your travel (car, hotel, airline) through the Bank of America Travel Center. Auto, homeowners, and renters insurance services offered through Karma Insurance Services, LLC (CA resident license #0172748).

Many cards offer 0% introductory APR on purchases and balance transfers for varying lengths and then revert to a permanent or regular APR (based on a variable rate tied to the prime rate) that applies to any balances not paid in full. Quantitative features are those that boil down to dollars and cents, such as fees, interest rates, rewards (including earning rates and redemption values) and the cash value of benefits and perks. California loans arranged pursuant to Dep't of Business Oversight Finance Lenders License #60DBO-78868. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125). Youll earn a flat 1.5% cash back on every purchase you make. But in most key areas it falls behind a number of competitors, including some that also charge no annual fee, at least for the first year. It offers 2% cash back on the first $50,000 spent annually. The Capital One Spark Cash for Business card may no longer be available. The information has not been reviewed or provided by the card issuer and it may be out of date. Earn 1.5% cash back or earn 1X point and receive 1,000 bonus points when your company spend is $1,000 or more in any monthly billing period. Compare the different offers from our partners and choose the card that is right for you. However, there are business cards out there that offer more cash back, like the Capital One Spark Cash for Business. When charged, balance transfer fees range between 3% - 5%, which we grade accordingly.

Terms apply to American Express credit card offers. This is a great flat earning rate if you're not sure which categories your business will spend the most in, and if you'd prefer the simplicity of knowing you'll earn cash back on whatever charges you put on the card. NerdWallet strives to keep its information accurate and up to date.

TheCapital One Spark Cash Select - $500 Cash Bonus pays 1.5% on all purchases, even inventory orders. Cash back is immediate and flexible, and the current $200 sign-up bonus is legit. Capital One Spark Cash Select for Business vs. Capital One Spark Classic for Business. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. That makes this card a good choice for a business whose spending is all over the map, or not concentrated in typical bonus categories like office supplies or travel. Cards that are selected best overall in their respective categories generally feature most if not all of the following attributes: Credit card fees come in many forms but the primary ones involve those for annual card membership and balance transfer. Please call Member Support at 833-675-0553 or email legal@creditkarma.com. The scoring formula takes into account the type of card being reviewed (such as cash back, travel or balance transfer) and the card's rates, fees, rewards and other features.

Security and customer service features like lost or stolen card replacement, being able to lock ones card from an issuer app and 24 hour customer support are becoming more standard across the card market and we provide a significant amount of weighting to features in this area.

The Capital One Spark Cash Select - $500 Cash Bonus requires cardholders to have a credit score of 720 - 850. TheInk Business Unlimited Credit Card checks many of the same boxes as theCapital One Spark Cash Select - $500 Cash Bonus: a $0 annual fee, unlimited 1.5% cash back on all purchases and a welcome offer. While those are fairly solid rewards for a business card with no annual fee, theyre not the best rate out there, even amongbusiness cards with no annual fee. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. Our opinions are our own. For the first nine months, there is a 0% APR on purchases. The Business Platinum Card from American Express is intended for a different type of user than the Capital One Spark Cash Select - $500 Cash Bonus card. The card does charge a 3% foreign transaction fee, however, so it's not a good choice for international purchases. The Equifax logo is a registered trademark owned by Equifax in the United States and other countries. The standard APR is 13.99%, 19.99% or 23.99%, based on your creditworthiness. Capital One was rated third in J.D. This card gives you access to services to help you during auto-related emergencies, such as jump-starting, tire changing and towing. Terms apply. This card is perfect for those looking to avoid paying an annual fee or foreign transaction fees, but still want to earn rewards. This will go on your personal credit report and TANK YOUR SCORE as you use this for your business! Earn 3% cash back on eligible purchases at gas stations, office supply stores and cell phone/service providers. Not sure if they will give me a CLI in a few months but $2K is nothing. The annual fee is a bit of a drag though. If you're in the market for a no-annual-fee cash-back card, you can find higher rewards rates or larger sign-up bonuses on other cards in this category. No annual fee: The Capital One Spark Cash Select for Business card has an annual fee of $0. Comparative assessments and other editorial opinions are those of U.S. News Annual fee: $0. Two other Spark cards also offer cash back: offers 2% cash back on all purchases, but is a charge card (so you can't revolve a balance) and has an annual fee of. No introductory APR on balance transfers: Although the Capital One Spark Cash Select for Business card offers a 0% APR on purchases for the first nine months, there is not an introductory offer for balance transfers. does away withsuch complications. The information related to The Business Platinum Card from American Express has been independently collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication. Earn unlimited 1.5% cash back for your business on every purchase, everywhere, no limits or category restrictions. If you spend more than $19,000 per year on your card, the Capital One Spark Cash for Business will earn more rewards for you than the Capital One Spark Cash Select - $500 Cash Bonus. The card earns 1.5% cash back on all purchases. The. Earn 3% cash back in a category of your choice from a list of six options; 2% cash back on dining; and 1% back on all other purchases. The ongoing APR is 14.74%-20.74% Variable APR, Many business cash-backcards offer bonus categoriesthat can supercharge your rewards if your business spending fits into them or limit your rewards if it doesn't. Yes, we feel that the Capital One Spark Cash Select - $500 Cash Bonus is a good card. For cards that offer rewards we determine the value per dollar spent along with average redemption values and assign more favorable ratings to cards that offer superior consumer value. That's good if you travel internationally and great if youbuy inventory overseas. NerdWallet rates the cash-back offer as the better option overall, but theCapital One Spark Cash Select - 0% Intro APR for 12 Months can make sense if your credit isn't excellent (typically a FICO score of at least 720) or you want a 0% APR period. And if you'd prefer an alternative to the Capital One Spark Cash Select - $500 Cash Bonus, there are plenty of other business card options that may be better suited to your needs. Annual fee: Get more smart money moves straight to your inbox. That's a relatively low return on spending. Capital One Spark Cash Select - 0% Intro APR for 12 Months, 0% intro APR on Purchases for 12 months, and then the ongoing APR of 17.49%-25.49% Variable APR, NerdWallet rates the cash-back offer as the better option overall, but the. So how do we make money? Well tell you when a card is good, well tell you when a card is bad, and well only call a card the best if we would recommend it to our friends or family members. Other standard fees can generally be avoided, such as those for paying late or taking cash advances but we rate those relative to other cards in the market for reference, though with less weight assigned. Capital One Spark Miles Select for Business,annual fee of$0. The Capital One Spark Cash Select Excellent Credit is a small-business card with no annual fee and 1.5% cash-back rewards. The Capital One Spark Cash Select - $500 Cash Bonus card comes with a generous sign-up bonus, especially for a no-annual-fee card. Youll also get: These ratings and reviews are provided by our users. The Capital One Spark Cash Select - $500 Cash Bonus is a wonderful option for small business owners looking for a straightforward cashback card with solid earning rates across all categories, as well as some solid business-related perks.

You could also consider theDiscover it Business Card. Plus, you'll get a 0% intro APR period:0% intro APR on Purchases for 12 Months, and then the ongoing APR of 14.49%-22.49% Variable APR. So you could turn $350 cash back into $700 with Cashback Match. " Earn a one-time $200 cash bonus once you spend $3,000 on purchases within the first 3 months from account opening. Customers are right-this is not a business credit card -its a personal card with your business name. The only difference is company name on it. Capital One's flat-rate rewards approach to. The card offers most of the same features, along with an APR of 0% on purchases for 12 months (followed by a 17.49% - 25.49% (Variable) APR). , the latter might seem like the best option if you're trying to avoid annual fees. Powers 2021 Credit Card Customer Satisfaction Study behind Discover and American Express, ranking about average among national card issuers. What? This information may be different than what you see when you visit a financial institution, service provider or specific products site.