Rates and Fees
|Intro APR||0% on purchases for 9 months|
|Purchase APR||15.24% - 23.24% (Variable)|
|Welcome Offer||$200 Cash Back once you spend $3,000 on purchases within 3 months from account opening|
|Rewards Rate||1.5% Cash Back on every purchase.|
- Earning unlimited 1.5% cash back could mean thousands of dollars each year going back into your business
- Plus, a one-time $200 cash bonus once you spend $3,000 on purchases within 3 months from account opening
- Save on interest with 0% intro APR on purchases for 9 months; 15.24% - 23.24% variable APR after that
- No annual fee
- Use Spark Cash Select across all your business spend, with no categories to limit your purchasing
- Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
- Get employee cards at no additional cost, and earn rewards from their business spend
The Capital One suite of business cards offers a little bit of everything to entrepreneurs. Where it shines, however, is the , which gives a beautiful balance of no annual fee and above-average cash back earnings without signing up for additional offers. Its attractive no-interest promo rate is a deal clincher.
Pros and Cons
- Redeem cash at any time
- No foreign transaction fees
- No caps on earning
- $200 cash bonus after $3,000 in purchases the first 3 months
- annual fee
- No opportunities to earn higher cash rewards rates for special categories
- Requires an excellent credit profile
Summary of the
For a no-nonsense cash back reward card, the is the best of the bunch. Part of the impressive line of Spark business cards from Capital One, it offers no annual fee with a simple rewards structure. Use the cash back for whatever you want, with almost no restrictions on how and where you can earn. If you’re a fan of Capital One and its business-friendly credit model, this is a pick you can be proud to carry.
If you have above-average to excellent credit, it’s worth applying for this card, which is one of the few business cards with cash-back perks and a annual fee. Its cashback program is modest in earnings at While 1.5% isn’t as competitive as some retail cards, it’s still higher than the low end of competing cards, which only give 1% back for “other” purchases that are made outside of specialty categories. Overall, you will probably earn more over the lifetime of this card, and earnings (which have no limit) can be cashed out at any time.
While the card isn’t heavy on travel perks, it does have some benefits, including emergency card replacement to get a new card or even cash 24/7 (worldwide) and auto rental damage waiver service. The purchase protection is a nice benefit, too, giving you 90 days of replacement, repair, or reimbursement for select items you buy with the card; it also doubles the manufacturer’s warranty on items you buy.
No annual fees give this card an extra boost, and the promo offer is one of the best out there right now for a cash-back rewards card. Earn . Use the cash to pay down your account balance, or cash it out for whatever you want. Rewards don’t expire as long as you keep your account in good standing.
Is theRight for You?
For the business owner who wants no limits on how—and where—to earn, this card can’t be beaten. The cash back rate is competitive and unlimited, so you can buy what you want without overthinking which card to use. Free cards for your employees will help you earn even more and in less time, so it’s a great option for business owners who have a team who travels, buys supplies, and relies on credit to do their job. With no annual fee, there’s no punishment if you don’t use it as much as you wanted.
If you’re not sold on the terms of this card, keep in mind that Capital One has several other business cards that may be a good fit, including:
offers . Get 2 miles back on every $1 in purchases with this card that has an annual fee of .
Frequently Asked Questions
Consumers commonly have the following questions regarding the :
How much can I earn a year? Do my earnings expire?
Cash rewards don’t expire, as long as you remain an account holder in good standing. Don’t close your account without cashing out your rewards first. You can earn unlimited rewards through the program, but you won’t earn rewards for balance transfers, cash advances, and certain other non-purchase transactions.
How often will rewards be given?
Rewards are earned as you shop, but may only show up after each billing cycle, as a reward update on your statement. You can cash out at any time, however.