Capital One® Business Credit Cards

Capital One, a leader in consumer cards, is upping its game with a growing portfolio of business cards with a wide variety of perks and offer terms. Whether you choose to reap the benefits in travel miles, cash back, or as credit toward a new car, Capital One has you covered with a range of cards for today’s modern business owner.

Summary of the Capital One Business Credit Card Family

Capital One is one of the most popular brands in business credit cards, in part because of their wide range of offerings. From the Spark business card family to other options, it’s easy to find the card the balances rewards with buying power and perks. To understand just what makes the Capital One business cards so attractive, you only have to see some of the bonus offers going on right now. From 20,000 miles to a whopping $500 cash back bonus, it’s a very rewarding time to sign up for one of these cards. (With no annual fee for many of the cards, and a waiver for the first year on the rest, it’s also a very low-risk time to see what you think before paying anything out of pocket to become a cardholder!) 

Capital One Business Credit Cards Review

Customers of Capital One business credit cards all have their own reasons why they chose their card, but one of the most common reasons is the rewards. No matter which card you choose, the earning process is painless, and your account will be credited in miles, cash, or credit automatically. There’s never any signing up for “preferred” reward categories or windows for earning. You can simply buy the things you use every day, and let Capital One do the rest. 

Cashing out is incredibly easy as well. There are no minimums to cashing out, and you’ll never face limits on what you can earn. Your rewards are yours to keep as long as you are an account holder in good standing; they never expire!

The earnings aren’t the only perks you can look forward to with Capital One. Incredible customer service and a wide range of protections, including zero fraud liability, are some of the reasons many business owners own more than one card from the family. If you ever have a concern about your account, need assistance making a payment, or want to explore raising your credit limit, you can easily contact a member of their team using the number on the back of your card or through your online account portal.

Let’s take a look at all of the card options available. Which one will you find most rewarding?

If you’re new to the business credit card game, or you need a card that’s forgiving of a new or lower-than-excellent credit score, the Capital One® Spark® Classic for Business covers your bases with a card that’s low on fees and generous on rewards. Enjoy 1% Cash Back on every purchase. Cash out when you want and build a credit profile you can proudly use for future financing offers. This card has no intro offers, no annual fee, and a 24.49% (Variable) interest rate

Travel buffs will have their choice between two competitive Capital One cards: Capital One® Spark® Miles for Business card and the Capital One® Spark® Miles Select for Business. If you have excellent credit, you can qualify for either, which boast promo offers to help you jump-start your next vacation or business trip. With Spark Miles, you can earn Earn up to 200,000 miles: Earn a bonus of 50,000 miles when you spend $5,000 in the first 3 months and 150,000 miles when you spend $50,000 in the first 6 months of opening your account. Limited Time Offer or 20000 Miles once you spend $3,000 on purchases within the first 3 months from account opening with Spark Miles Select.  

The Capital One® Spark® Miles Select for Business has no annual fee and an intro APR of 0% on purchases for 12 months; then 14.49% - 22.49% (Variable). You’ll also earn 1.5 Miles per $1 on every purchase. The Capital One® Spark® Miles for Business has a higher rewards rate with 2 Miles per $1 on every purchase, everywhere. You’ll pay an annual fee of $0 intro for first year; $95 after that for this travel card, which is waived the first year. 

If all you care about is cash, there’s a card (or two) for that. The Capital One® Spark® Cash Select for Business card has a $0 annual fee, an APR of 0% on purchases for 12 months, and 1.5% Cash Back on every purchase. Earn  $200 Cash Back once you spend $3,000 on purchases within the first 3 months from account opening. The card has a competitive 14.49% - 22.49% (Variable) depending on your qualification.

The other cash back option is the  Capital One® Spark® Cash for Business, which has bigger everything. Get a bigger earnings rate of 2% Cash Back for your business on every purchase, everywhere.. Get Earn up to $2,000: Earn a $500 cash bonus when you spend $5,000 in the first 3 months and $1,500 when you spend $50,000 in the first 6 months of opening your account. Limited Time Offer.. It also has a bigger annual fee of $95 and a bigger interest rate starting at 18.49% (Variable) with no promo offer. If you’re a big spender, you’ll want to check out this rewards card. 

Finally, there is a card for auto-lovers with loyalty to the GM brand family. Whether you want your next ride to be a Chevrolet, Buick, GMC or Cadillac, every purchase you make with your GM BuyPower Business Card™ from Capital One® will get you one step closer to a big discount on a new car. Get 5% Earnings on purchases of GM parts, accessories and service at authorized GM Dealers. 3% Earnings on purchases at gas stations, restaurants and office supply stores. 1% Earnings on all other purchases. With a $0 annual fee and a 0% Intro APR on purchases for the first 12 months, this is a tempting card for anyone hoping to buy, earn, and drive for much less than other cards. 

Is the Capital One® Business Credit Card Line Right for You?

All perks aside, it may really come down to your credit history and scores to determine what card works best. While most of the Capital One offerings are geared toward those with excellent credit, there are a couple of options, such as the Spark Classic, which are more friendly to those with average or possibly even fair credit. Getting approved is the first step in finding the card you love. 

Frequently Asked Questions

It’s always wise to research before you apply for a card. Here are some answers to common questions regarding the Capital One® Business Credit Card family:

What is the Capital One Business card credit limit?

Credit lines vary by card and will be dependent on your credit risk. If you have a better credit score and can display an ability to pay back more over time, you’ll get a higher limit than someone who can’t. Remember, you can always ask for a credit limit increase after being an excellent customer for a time. Wait six months after you use your card responsibly, then ask for a higher limit if you think you need one. (All requests for a higher limit will result in an inquiry on your personal or business credit profile –or both. Don’t do this more often than needed, or you could see your score drop significantly.)

I’m not sure that a credit card is the right choice for my financing needs. How can I be sure?

There are a lot of reasons to keep a Capital One business card in your wallet. For one, they are a flexible way to pay for everything you need in your day-to-day business operations, from fuel for your fleet vehicles to meals when traveling. While every business owner should have a credit card to meet their daily spending needs, sometimes, it’s necessary to get access to a larger amount of capital in the form of cash. In these instances, a business loan may be a better option. 

While the application requirements for these are somewhat more rigorous, the payoff is a cash disbursement of $5,000 – $75,000 to spend on things like marketing, personnel, equipment, or debt refinancing. Remember, you don’t usually need to choose between a small business loan and a credit card; most companies use both to grow their businesses. There are a number of Capital One business loan reviews available to help you determine if now is the right time to expand your lending options. 

What other products and services does Capital One offer small business owners?

Once you get your first Capital One card, it’s not uncommon to want to explore the other business solutions the brand offers. In addition to small business loans, they also have an impressive line of banking solutions, including checking, savings, tax filing, and payroll products. For more information on whether these services are right for you, read what other consumers think in an updated Capital One Spark checking review. 

How can I redeem rewards?

Depending on your card type you will earn cash back, miles, or credit toward a new GM vehicle. The earning amounts will vary, as well, but you should be able to cash out at any time, with no minimum. Some cards also qualify for purchase eraser, which is a Capital One service that lets you use your miles to “undo” purchases with a statement on your credit. Whatever you decide to do with your earnings, there is no limit to how much you can earn, and your earnings will never expire as long as you are a qualified account holder. Get to know the terms of your card account to understand how to maximize your benefits and get more for your miles or dollars. 

Can I own more than one Capital One card?

How many cards you can have depends on your creditworthiness and ability to pay back the accounts. Some business owners have more than one card, using one for cash back earnings and another for travel. While you can own more than one card, you may not be able to qualify for more than one intro offer bonus offer, so check the terms of any new card before you apply to be sure that you are eligible. Opening up more than one of the same card in your name is not allowed; balance transfers between Capital One cards are generally not permitted.