Capital One Spark Cash Select Review

Reviews9 months ago
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When it comes to rewards credit cards for businesses, points, and miles aren't the only way you can add value to your everyday spending. There are also cash-back credit cards for business which will allow you to earn cash value as you spend it! In the review below we will look at the Capital One Spark Cash Select in detail.

Capital One Spark Cash Plus

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Capital One Spark Cash Select – A Summary

Capital One's Spark Cash Select Business card is a great cash-back option for small business owners looking for a straightforward way to earn a little back on all company purchases. The card allows you to earn a flat rewards rate of 1.5% on all of your eligible purchases.

This makes it a great choice for those who are looking for a simple and streamlined flat rate business rewards card with no extra cost or difficulty with spending categories. And this also comes without having to worry about paying out for an annual fee.


Why Does Your Business Need a Cashback Credit Card?

Small business owners benefit from cash-back credit cards because of the freedom and flexibility they give for redemption. You are not locked into spending your rewards solely on travel or with certain airline or hotel partners. Instead, you can use your cashback to cut the costs of a whole host of business costs such as new equipment and furniture, or team building exercises and company celebrations.

This no annual fee Capital One Spark credit card is a great choice if you want a simple way to earn some value back for your company without worrying about complicated schemes, and spending within categories that rotate every quarter.


Capital One Spark Cash Select Review

Below we will look at the Capital One Spark Cash Select Business in detail and give you all the information you need to decide if this is the business credit card for you.


What Benefits Are Available on this Card?

The main selling point of this Capital One Spark Card for businesses is its simplicity. The rewards rate of 1.5% cash back on all your purchases allows you to build value with your everyday business expenses with a simple and easy method.

However, there are still some extra benefits this Capital One Spark credit card offers which can be helpful to your business. Although you won't find a whole host of luxury perks available on mid-level or premium business cards which charge an annual fee.

  • One-Time $500 Cash Bonus welcome offer after you meet the $4,500 spending requirement within the first three months of opening the card account.
  • 1.5% Cash Back Rewards on all other eligible card purchases.
  • No foreign transaction fees. So, you can still use your card when abroad on business trips.
  • Extended warranties on some eligible business purchases.
  • Roadside assistance to help if you break down on your way to a meeting.
  • Year-end summaries of your business spending to help when tax season arrives.
  • Employee cards can be added for free.
  • Payment Flexibility for business owners


The Welcome Bonus for the Capital One Spark Cash Select Card

If your business spending hits $4,500 within the first three months of owning the card, you will be rewarded with a welcome bonus of $500. This is a particularly generous bonus for a card that doesn't charge an annual fee. So, if your regular business spending is $1,500 a month or above, then that's an extra $500 for business spending in your first quarter!


How Do You Earn Cash Back Using this Capital One Spark Credit Card?

The simple and straightforward cashback earning structure of this card is its main selling point. You will earn a rate of 1.5% cash back on all of your card purchases. And this jumps to 5% when you use your card to make hotel and car rental purchases using the Capital One travel hub.

You can redeem your cash back either as a statement credit for your account or arrange for a check for the amount to be mailed to you.

Other business credit cards may provide more value for your spending by allowing you to redeem points and miles with different card partners. But this needs to be weighed against annual fee charges, and whether you want to spend time and effort strategizing redemption and keeping up to date with spending categories.


What Alternative Cards Are There to this Capital One Spark Card?

If you think that the benefits and cash-back rates we have detailed above, aren't the best fit for your business. Then there are some other cards you can consider which may give you a higher return on your spending. These include:

  • The Capital One Spark Cash Plus card. This will give you a higher return of 2% cashback on your spending. But you also need to factor in the $150 annual fee when deciding if this is the card for you.
  • The Capital One Spark Miles Select for Business will allow you to earn rewards as miles which can be redeemed by transferring to one of Capital One's hotel or airline partners. If your business requires a lot of travel, this may be one to consider.


Is the Capital One Spark Chas Select Card Right for Your Business?

If you are looking for a Capital One Business credit card with no annual, then the Spark Cash Select could be the perfect choice. If your small business currently doesn't have enough outgoings to justify applying for a card with an annual fee, then this presents a straightforward way to earn some value back for each of your purchases.

If you are looking for a card with benefits such as airport lounge access, valuable transfer rates with airlines, and TSA Precheck or Global Entry credits, then you will need to consider annual fees, and premium cards to attain these.


Takeaway - Capital One Spark Cash Select Business Card Review

For a simple way to earn cashback on all your business spending, this Capital One Spark card sister offer is a great choice. You won't have to worry about an annual fee or struggling with complicated levels or spending categories, all while receiving a generous Sign-Up Bonus.

If you are just starting out on your business journey, then this is a good starter card, once your business spending grows you may find more benefits with graduating to an annual fee business card with more benefits.