Capital One® Spark® Cash Select Review: A Business Card With Unlimited Cash Back

Lyle is a writer specializing in credit cards, travel rewards programs, and banking. His work has also appeared on MSN Money, USA Today, and Yahoo! Finance.

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Thanks to celebrity-filled marketing campaigns, the most well-known Capital One credit cards are its personal cards, particularly those under the Venture® and Quicksilver® brands.

But the card issuer also has an excellent selection of business cards, and the Capital One® Spark® Cash Select is a popular choice for those who want to earn cash back.

There's a lot to like about this card. It offers a cash-back rate that's competitive with the best cash back cards, a sign-up bonus, and features that make it easier to run your business, including employee credit cards and detailed spending reports. Not everything is perfect, though, so we'll provide all the details you need in our full breakdown of the card.

Top perks

Unlimited 1.5% back -- This card earns a flat rate of 1.5% cash back on every dollar you spend.

No annual fee -- Many popular business credit cards have annual fees, but the Capital One® Spark® Cash Select doesn't charge one.

$200 sign-up bonus -- You'll receive this bonus after you spend at least $3,000 in the first three months after opening the card. Although that spending minimum is on the high side for a $200 bonus, it won't be a challenge for most businesses to spend $1,000 per month.

0% intro APR -- The 0% intro APR applies to purchases for nine months, making this card a good choice for short-term financing on your business expenses.

No foreign transaction fees -- If you or your employees need to travel internationally, the Capital One® Spark® Cash Select will help you avoid foreign transaction fees.

Free employee cards -- Additional cards for your employees are free of charge, and you can set spending limits on these cards as a fraud-prevention measure.

What could be improved

No bonus categories -- While the Capital One® Spark® Cash Select earns a solid cash-back rate on every purchase, it won't earn a higher bonus rate on any of your spending. Considering this is a business card, it would be more valuable if it earned bonus cash back in categories where business owners often spend more, such as online advertising or office supply stores.

Suggested credit score

The Capital One® Spark® Cash Select is intended for business owners with excellent credit, meaning a FICO® Score of 720 or higher. According to Capital One, applicants will have the best chance of a successful application if they

  • Have never defaulted on a credit card or loan,
  • Haven't been more than 60 days late on a bill payment in the last three years, and
  • Have had a loan of at least $5,000 and/or a credit card with a credit limit of at least $5,000 for three years or longer.

Alternatives to consider

To decide whether the Capital One® Spark® Cash Select is the best fit for your business, it's important to see how the card compares to the competition.

Capital One® Spark® Cash for Business earns more cash back and offers a bigger sign-up bonus. The cost of these premium perks is a justifiable annual fee.

On the other hand, Chase's Ink Business Cash Credit Card includes a solid cash back program, big sign-up bonus, and long 0% intro APR offer, all with no annual fee.

As of Jan. 07, 2020
Capital One® Spark® Cash for Business Ink Business Cash Credit Card
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4.0 stars
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4.0 stars
ToolTip Icon for Star Rating. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor.
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Credit Rating Requirement: Good/Excellent Clickable tooltip icon for credit rating info.

Credit Rating Requirement: Good/Excellent Clickable tooltip icon for credit rating info.

Bonus: $500 cash bonus after spending $5,000 within three months, $1,500 when spending $50,000 within six months Bonus: $500 bonus after spending $3,000 on purchases within 3 months
Rewards Program: Unlimited 2% cash back Rewards Program: 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each year, 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each year, 1% cash back on all else
Intro APR: Purchases: N/A Balance Transfers: N/A Intro APR: Purchases: 0%, 12 months Balance Transfers: 0%, 12 months
Regular APR: 18.49% Variable Regular APR: 14.99% - 20.99% Variable
Annual Fee: $0 intro for first year; $95 after that Annual Fee: $0

Highlights:

  • Limited Time Offer: Earn up to $2,000 in cash bonuses
  • Earn a $500 cash bonus when you spend $5,000 in the first 3 months and earn $1,500 when you spend $50,000 in the first 6 months of your account opening
  • Earn unlimited 2% cash back for your business on every purchase, everywhere, no limits or category restrictions
  • $0 annual fee for the first year; $95 after that
  • Free employee cards, which also earn unlimited 2% cash back on all purchases
  • $0 Fraud Liability if your card is lost or stolen
  • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
  • No foreign transaction fees

Highlights:

  • Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening
  • Named "Best Rewards Card for Small Business Owners" by Kiplinger's Personal Finance, July 2017
  • 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
  • Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
  • Earn 1% cash back on all other card purchases with no limit to the amount you can earn
  • 0% introductory APR for 12 months on purchases and balance transfers
  • Employee cards at no additional cost
  • No Annual Fee

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On Chase's Secure Website.

This card is right for you if:

  • You have excellent credit
  • You want a no-annual-fee card with cash-back rewards
  • You have upcoming business expenses you want to finance at a 0% intro APR

The Capital One® Spark® Cash Select is great if you're looking for a card that earns rewards and you prefer the ease of redeeming cash back over the complexity of travel points.

Another situation where the Capital One® Spark® Cash Select is worth looking at is when you need to finance business expenses, as the 0% intro APR can save you a lot of money on interest. Just make sure you can pay everything off within the intro period or shortly thereafter. If not, a business loan would be a better choice.

Sorry for the inconvenience...

The Capital One® Spark® Cash Select for Business credit card is currently being updated.

Please, check out our Best Business Credit Cards list for other options.

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