Capital One Spark Cash review: Full details

The Capital One Spark Money card provides limitless 2% money again on all purchases with no spending caps. Other than the simplistic cash-back incomes construction, the cardboard lacks standout advantages and carries a $95 annual charge after the introductory $0 annual charge within the first 12 months (see rates and fees). Card ranking*: ⭐⭐½

*Card rating is predicated on the opinion of TPG’s editors and isn’t influenced by the cardboard issuer.

Cash-back credit cards give companies the last word flexibility. The money again can be utilized to e book journey, pay bills or purchase something helpful to the enterprise.

The Spark Cash is a revamped model of the discontinued Spark Money for Enterprise. It offers companies an infinite 2% cash-back bank card choice with a hard and fast credit score line, not like the same Capital One Spark Cash Plus card, which has no preset credit score restrict and should be paid in full each month.

The Spark Money has an introductory $0 annual charge within the first 12 months and a $95 annual charge thereafter.

The TPG really helpful credit score for this card is 740 or increased. Nevertheless, it could be potential to get accredited with a decrease rating.

Let’s dive into whether or not the Spark Money ought to be in your corporation’s pockets.

New Spark Cash cardholders can earn $750 money again after spending $7,500 inside the first three months from account opening.

That is one in every of one of many higher welcome provides we usually see on a cash-back enterprise card. That mentioned, smaller companies will desire a stable technique to fulfill the spending requirement.

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Associated: The best time to apply for these popular Capital One credit cards based on offer history

Regardless of having an annual charge after the primary 12 months, the Spark Cash severely lacks standout advantages and leaves a lot to be desired.

The Spark Money contains advantages like free worker playing cards and itemized year-end summaries that will help you handle your corporation.

Whereas these advantages aren’t eye-popping and are normal on most enterprise playing cards, they might be helpful for many companies. Past that, this card would not supply a lot to justify having a $95 annual fee after the primary cardmember 12 months.

Associated: How to apply for a Capital One business credit card

Simplicity is the secret with incomes money again on the Spark Cash. You may earn limitless 2% money again on all eligible purchases.

Plus, cardholders will earn 5% money again on hotels and rental vehicles booked by means of Capital One Travel.

For enterprise homeowners who need to maintain their earnings easy, it is a first rate card to contemplate. Getting not less than 2% again on your entire purchases is a stable return in your spending.

Associated: Capital One miles: How to earn, redeem and transfer rewards

Redeeming money again on the Spark Cash is easy. Capital One means that you can redeem your rewards for any quantity so you may tailor your redemptions to fulfill your corporation’s wants.

Whereas cash-back is not as profitable as incomes factors and miles, many individuals favor it for its simplicity and ease. Even when you’re a factors and miles fan, having a cash-back card available is helpful for instances when you do not have numerous journey deliberate.

Associated: How to choose a cash-back credit card

If you wish to earn transferable rewards or higher advantages and perks, or when you do not need to have an annual charge past the primary cardmember 12 months, there are different playing cards that compete with and even outclass the Spark Cash that you could be need to contemplate.

• In the event you choose no annual charge: The American Express Blue Business Cash™ Card has no annual charge (see rates and fees) and earns limitless 2% money again on all purchases (on as much as $50,000 per 12 months, then 1% thereafter). To be taught extra, learn our full review of the Blue Business Cash card.
• In the event you choose incomes transferable factors: The Ink Business Preferred® Credit Card has a $95 annual charge and earns 3 Final Rewards factors per greenback on the primary $150,000 spent in mixed purchases every year on journey; delivery purchases; web, cable and cellphone companies; and promoting purchases made with social media websites and search engines like google and yahoo (and 1 level per greenback on all different purchases). These Final Rewards factors will be redeemed for outsize worth by using Chase’s glorious roster of transfer partners. To be taught extra, learn our full review of the Ink Business Preferred card.
• If you would like lounge entry: The Capital One Venture X Business carries a $395 annual charge (see rates and fees) and earns not less than 2 miles per greenback spent on all purchases, which may redeemed with Capital One’s in depth community of 15-plus switch companions. Cardholders obtain nice lounge entry, a $300 Capital One Journey portal assertion credit score, 10,000 bonus miles each account anniversary, and stable journey protections and perks. To be taught extra, learn our full review of the Venture X Business.

For added choices, take a look at our full listing of the best business cards.

Associated: Is the Venture X Business worth it?

The Spark Money is a good enterprise providing that earns an infinite 2% money again. Nevertheless, with lackluster advantages and an annual charge after the primary 12 months (see rates and fees), companies is perhaps higher suited with one other card, particularly contemplating there are different playing cards that provide 2% money again with higher advantages with out an annual charge.

If you wish to earn transferable rewards or increased cash-back charges in broad classes, you would possibly need to contemplate one other business card.

Apply right here: Capital One Spark Cash for Business

Associated: Reasons to get a business credit card

For charges and costs of the Blue Enterprise Money, click on here.

For Capital One merchandise listed on this web page, a few of the advantages could also be supplied by Visa® or Mastercard® and will range by product. See the respective Information to Advantages for particulars, as phrases and exclusions apply.