Capital One Spark Cash Select for Business
Is It A Good Business Credit Card?
Last Updated: By TRUiC Team
Are you in the market for a business credit card to help your company take the next step financially? There are dozens of options out there, but how do you know which one is the best pick for your business?
To complement your own research, my team and I studied the details of every major business credit card with the goal of helping you make a well-informed decision.
In this Capital One Spark Cash Select business credit card review, you’ll find everything you need to know about its pros and cons, fees, features, customer feedback and more. Let's find out if it's a good fit for your business!
Recommended: Read our review of the best business credit cards.
Capital One Spark Cash Select Pros & Cons
Pros of Capital One Spark Cash Select
- My favorite feature of this card is that there's no annual fee. While other business credit cards waive the fee for the first year, you'll never be charged an annual fee with Spark Cash Select.
- Although it isn't the highest in the industry, the 1.5% unlimited cash-back rate is still quite generous. In fact, it’s the highest flat cash-back rate I’ve seen on a card with no annual fee.
- Spark Cash Select includes quarterly and year-end reports for every cardholder. You’ll receive a customized and itemized summary of your purchases, which makes planning and analyzing your budget much easier.
Cons of Capital One Spark Cash Select
- Only customers with excellent credit can get a Spark Cash Select card. This means you’ll likely be ineligible if you’ve made any late payments, have a limited credit history, etc.
Capital One Spark Cash Select earns a score of 4.3/5 in our book. They offer a generous cash-back rate and decent bonuses without charging an annual fee. Want to take some more time to review the alternatives? Simply use the button below!
Capital One Spark Cash Select Fees & Features
Among the features that would come in handy for any entrepreneur are:
- No annual fee
- Unlimited 1.5% cash back on all purchases
- $200 cash bonus after spending $3,000 in first 3 months
- No foreign transaction fees
- Zero-liability fraud coverage
All told, this is a well-balanced collection of low fees and strong rewards. The only issue that stands out as a potential negative is that Spark Cash Select is known for being a rather low-limit business credit card. The standard credit limit is $2,000, and according to their customer reviews it’s very difficult to get Capital One to raise that limit once it’s set.
It isn’t common to find credit card reviews on 3rd-party review aggregate sites. However, Capital One’s website has in-depth feedback forums for each of their products.
From these reviews, I’ve noticed that most cardholders seem to really appreciate the Spark Cash Select card, with customers frequently commenting on the card’s great rewards and ease of use. On the other hand, some cardholders are frustrated with its low credit limit.
- CapitalOne.com: 4.4/5, 481 reviews
Customer Reviews Section Last Updated 11-8-17
Conclusion: Aside from those who need higher credit limits, it seems that nearly all Spark Cash Select cardholders are pleased with the card. Based on its high average rating, we can surmise that most customers would recommend Spark Cash Select!
How Capital One Spark Cash Select Compares
Throughout the course of my research on this subject, I’ve become a big fan of the Spark Cash Select card -- but it's obviously not the only worthwhile business credit card out there. With that in mind, let’s see how it compares to the original Spark Cash card, another Capital One product with some crucial differences:
Fees: The standard Spark Cash card charges a $95 annual fee (after your free first year), while Spark Cash Select has no annual fee. When it comes to foreign transactions, neither card will charge you a fee.
Cashback: Spark Cash offers 2% unlimited cash back, which is a step up from Spark Cash Select’s 1.5% unlimited cash-back offering.
Bonuses: With the original Spark Cash, you can get $500 after spending $4,500 in the first 3 months. Spark Cash Select offers a $200 cash bonus after making $3,000 in purchases in 3 months.
Here's A Quick Visual
Spark Cash Select
Service Charge Starts at $0
1.5% unlimited cash back
Perfect for: Anyone looking for a card with great rewards and no annual fee
Service Charge Starts at $95/year
unlimited 2% cash back
Perfect for: Anyone looking for a card with a high cash-back rate and flat APR
Frequently Asked Questions
Do They Provide Fraud Protection?
Absolutely! With Capital One Spark Cash Select, you'll get some peace of mind with their complete fraud protection. If your card is lost or stolen, you'll have no liability for any charges. They'll also send you timely notifications of suspicious activity.
Is It Easy to Get Cards for My Employees?
It honestly doesn’t get much simpler. You can get employee cards at no extra cost, and it’s really easy to manage them through Capital One’s online tools. You’ll also earn rewards from purchases made on their cards, just like you would with your own.
Are There Any Special Features?
Yes! As I mentioned, their convenient quarterly and year-end summaries make it much easier to keep track of your company’s budget.
Should You Use Capital One Spark Cash Select?
Capital One Spark Cash Select earns a score of 4.3/5 in our book. They offer a generous cash-back rate and decent bonuses without charging an annual fee. That being said, if this doesn’t sound like you perfect fit, check out our Best Business Credit Cards.