If you’re looking for a straightforward cash-back business credit card with a $0 annual fee, the Capital One Spark Cash Select is worth considering. This business card has two varieties: a good-credit version and an excellent-credit version, each with its own unique benefits. For the purposes of our review, we’ll focus on the excellent-credit version.
Here’s what to know about the Capital One Spark Cash Select for Excellent Credit, its features, benefits, drawbacks, and who it’s best for.
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Annual fee: $0
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Welcome offer: Earn $750 cash back after spending $6,000 in the first three months
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Rewards: Earn unlimited 1.5% cash back on all purchases, plus 5% cash back on rental car and hotel reservations through Capital One Travel
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Recommended credit score: Excellent (740-850)
APR
This business credit card comes with a variable APR of 18.49% to 24.49%. Your creditworthiness and other factors will determine what APR you receive.
Annual fee
The card’s annual fee is $0, so you won’t need to strategize your rewards to offset an additional cost.
Welcome offer
The Spark Cash Select for Excellent Credit offers a generous early spend bonus. New cardholders can earn $750 cash back after spending $6,000 in the first three months of account opening. This bonus is reserved for the excellent-credit version of this card and isn’t available with the good-credit version.
Intro offer
While the good-credit version of this card has a 0% introductory APR for 12 months, the Spark Cash Select for Excellent Credit does not. If you’re approved for the excellent-credit version, the standard APR applies immediately.
Rewards rate
How to earn rewards
This business credit card offers a fairly simple rewards structure, which is valuable if you want to avoid tracking bonus categories. As a cardholder, you’ll earn 5% cash back on rental cars and hotels booked in Capital One Travel and 1.5% cash back on all other purchases.
There are no spending caps in either category, meaning you can earn unlimited rewards that never expire.
How to redeem rewards
You can request your cash back in any amount via a statement credit or check. You can also set up automatic redemptions to pay out your cash back when your rewards reach a certain amount or at a specific time of year.
Alternatively, you can use your cashback rewards to book trips via Capital One Travel. This flexibility is useful if you travel for business occasionally. Note that your redemption options may be more limited if your account isn’t in good standing.
Additional benefits
Free employee cards
As a Capital One Spark Cash Select for Excellent Credit cardholder, you’ll get free employee cards. You can easily track employee spending and set limits for each card, plus you’ll earn rewards when your employees use their cards for business-related purchases.
No foreign transaction fees
When you use this car abroad, you won’t need to worry about expensive transaction charges. This card has no foreign transaction fees.
Roadside assistance
You also get special roadside assistance services, including tire changes, jumpstarts, and tows. This emergency assistance can provide added peace of mind when you’re on the road.
Extended warranty protection
Get an additional year of warranty protection for qualifying purchases made with your card.
Who’s the Spark Cash Select for Excellent Credit best for?
With its simple rewards structure, the Capital One Spark Cash Select for Excellent Credit is ideal for people who want to earn straightforward cash back from their business purchases. It’s also a good choice if you’re looking for a card with no annual fee. But be aware that some competitor cards offer higher reward rates in certain categories and more flexible redemptions.
As its name suggests, you’ll need excellent credit to qualify for this card, though Capital One will also consider other factors when determining your approval.
Capital One Spark Cash Select for Excellent Credit pros
Capital One Spark Cash Select for Excellent Credit cons
Where can you use Capital One Spark Cash Select for Excellent Credit?
The Spark Cash for Excellent Credit is part of the Mastercard network. Mastercard indicates its cards are accepted in over 210 countries and territories worldwide, so your card will likely work no matter where you travel.
How to make a Spark Cash Select for Excellent Credit payment
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Online at CaptialOne.com
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By mail:
Capital One
Attn: Payment Processing
PO Box 71087
Charlotte, NC 28272-1087 -
By phone: You can pay your balance over the phone by calling the number on the back of your card
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In-person at a local Capital One branch
Capital One Spark Cash Select for Excellent Credit customer service info
If you need to reach the Capital One customer service team, you can contact them through the following channels. Note that Capital One doesn’t list its hours of availability.
Alternative cards to consider
The Capital One Spark Cash Select for Excellent Credit is an uncomplicated card with simple rewards. While it’s right for some, others may get more use out of a more targeted card. Here are some alternative business cards to consider.
Capital One Spark Cash Plus
Recommended credit score: Excellent (740–850)
Why we like it: If you spend a considerable amount on business purchases, the Capital One Spark Cash Plus could be a good alternative. This card offers 2% cash back on every purchase, plus 5% cash back on hotel and rental car reservations made through Capital One Travel.
As a new cardholder, you can also earn a generous early spend bonus: Spend $30,000 on qualifying purchases in the first three months, and you’ll earn $1,200 in rewards. This card has a $150 annual fee, though you can get it refunded if you spend $150,000 in a given year.
Ink Business Cash® Credit Card
Why we like it: The Chase Ink Business Cash Card offers higher reward rates than the Spark Cash Select for Excellent Credit. You get 5% back on up to $25,000 spent in combined purchases at office supply stores and on internet, phone, and cable services; 2% back on up to $25,000 spent in combined purchases at gas stations and restaurants; and 1% back on all other purchases.
This card also offers a two-part welcome bonus. New cardholders can earn $350 after spending $3,000 in the first three months, plus an additional $400 after spending $6,000 in the first six months. With this no-annual-fee card, you also get a 0% introductory APR on new purchases for 12 months.
Ink Business Unlimited® Credit Card
Why we like it: The Chase Ink Business Unlimited has a simpler rewards structure and welcome offer than the Ink Business Cash. You get 1.5% cash back on every qualifying purchase, and Lyft purchases net you 5% back through March 2025. You can also earn $750 cash back after spending $6,000 in the first three months.
This card has a $0 annual fee, and it offers a 0% introductory APR on new purchases for 12 months.
This article was edited by Alicia Hahn
Editorial Disclosure: The information in this article has not been reviewed or approved by any advertiser. The details on financial products, including card rates and fees, are accurate as of the publish date. All products or services are presented without warranty. Check the bank’s website for the most current information. This site doesn’t include all currently available offers. Credit score alone does not guarantee or imply approval for any financial product.