Capital One
Spark 1.5% Cash Select
Key Features
| Annual Fee | $0.00 |
| Regular APR | Purchase Rate 16.74% - 22.74% variable APR based on your creditworthiness. |
About this card
The Spark 1.5% Cash Select card is a good option for small businesses seeking a straightforward cash-back rewards program with no annual fee. Its strengths include a solid rewards rate of 1.5% cash back on all purchases, plus 5% on hotels and rental cars booked through Capital One Business Travel, a generous sign-up bonus, and no foreign transaction fees. The positive reputation of Capital One and the card's inclusion in 'best of' lists further enhance its appeal. However, the high regular APR (16.74% - 22.74%) is a significant drawback, especially for a card targeting businesses with good to excellent credit. Additionally, while the 1.5% cash back is decent, some competing cards offer higher rates (e.g., 2%). Overall, it's a worthwhile option, particularly for businesses that prioritize simplicity and predictability and can pay their balances in full each month to avoid the high APR. Its value is slightly diminished by the higher APR and the availability of cards with slightly better rewards, but the lack of an annual fee keeps it competitive. I am giving it a 3.6 rating because it is a solid option but has a few notable weaknesses.
Pros & Cons
What's great
- Generous sign-up bonus
- High rewards rate
- No annual fee
- No foreign transaction fees
- Free employee cards
Things to consider
- High regular APR
- Requires excellent credit
What this card offers
Sign-up bonuses
- Earn a one-time $750 cash bonus once you spend $6,000 on purchases within the first 3 months from account opening.
Rewards
- Earn unlimited 1.5% cash back for your business on every purchase, everywhere, no limits or category restrictions.
- Plus, earn unlimited 5% cash back on hotels and rental cars booked through Capital One Business Travel.
Other features
- Rewards Your Way
- Get cash back rewards for any amount at any time with no expiration date for the life of the account.
- Automatic payments
- Set up AutoPay so you don’t have to worry about signing into your account every month.
- $0 fraud liability
- If your card is lost or stolen, you can get an emergency replacement and a cash advance.
- Year-end summaries
- Get an itemized report of your spending to simplify budgeting and tax time.
- Account managers
- Assign an account manager to make purchases and payments, review transactions and resolve any problems.
- Purchase records
- Quickly and securely download your purchase records into multiple formats including Quicken®, QuickBooks® and Excel®.
- Virtual card numbers
- Make safer payments online without exposing your actual card number with merchants.
- Choose your due date
- Pick your own monthly due date. Your business has the control to pay when you want.
- Transaction details
- Stay on top of your purchases. You can find merchant information like an address, logo, phone number and map, when available.
- Recurring transactions
- View a list of merchants that charge your business card monthly like subscriptions and bills.
- Free employee cards
- Track employee spending while earning all the rewards from their purchases.
- Spend limits
- Set customized spending limits for employee cards and see transactions as soon as they post.
- No foreign transaction fees
- Pay zero foreign transaction fees on purchases made outside of the United States.
- Roadside assistance
- Our business cards offer services to help you during auto-related emergencies, such as jump-starting, tire changing and towing.
- Capital One Business Travel
- Save time and money with complimentary access to an all-in-one business travel management solution. Explore Capital One Business Travel.
- Account access
- Manage your account online or use the mobile app to get account activity alerts, see payment options, download past account statements and more.
- Security alerts
- Get notified via text, email and phone if Capital One notices potential suspicious transactions on your account.
- Fraud & security alerts
- Receive an email or text message alert if we detect a potential mistake or suspicious charge on your account.
- Card lock
- Lock your card or an employee’s if it has been misplaced, lost or stolen.
- Extended warranty
- Get free additional warranty and protection on eligible items that you purchase with your card.
- Customer support
- Our Capital One Business representatives are specially trained to work with business owners and are available to answer any questions you may have.
Additional Notes
Credit Level: Excellent