capital one spark cash select


We utilize BLS (U.S. Bureau of Labor Statistics) income and average category spending data to calculate annual earnings rates for rewards cards that offer cash back, points or miles rewards at a set rate on all spending or in consideration of bonus rewards for certain spending categories, like gasoline, groceries, restaurants or travel. Capital One Spark Miles for Business, annual fee of$0 intro for the first year, then $95. Capital One Spark Cash Select - $500 Cash Bonus, American Express Blue Business Cash Card, 0% intro APR on purchases for 12 months from the date of account opening. If you're keen on finding a no-annual-fee cash-back card without foreign transaction fees, though, the Capital One Spark Cash Select - $500 Cash Bonusis a winner. However, this does not influence our evaluations. entities, such as banks, credit card issuers or travel companies. These emergency services are a nice perk of the Capital One Spark Cash Select - $500 Cash Bonus, as they'll give you peace of mind whenever you're on the road. Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1% cash back earned is automatically credited to your statement. Our opinions are our own. This card offers 2% cash back on all eligible purchases up to $50,000 per calendar year, then 1%, for an annual fee of$0. iPhone is a trademark of Apple Inc., registered in the U.S. and other countries. The Capital One Spark Classic for Business, which is an alternative for small-business owners with fair credit, has an annual fee of $0 and earns just 1% on all purchases. Plus you'll earn 1% cash back on all other eligible purchases. The only difference is company name on it. Earn unlimited 1.5% cash back on every purchase. Earn 3% cash back on eligible purchases at gas stations, office supply stores, cell phone service providers and restaurants. What? If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Capital One's flat-rate rewards approach to. To further simplify things, you can set up automatic redemption to cash in your rewards when the balance reaches a certain amount. Earn 1% cash back on all other card purchases with no limit to the amount you can earn. The Capital One Spark Cash Select - $500 Cash Bonus, on the other hand, never charges an annual fee. My business in perfect standing (4 years). Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. Both versions of the card offer unlimited 1.5% cash back on all purchases and, unlike most cash-back cards, don't charge foreign transaction fees.

Earn 1.5% cash back on every dollar spent on all purchases. I had nothing but GOOD EXPERIENCES with CapitalOne. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Read our advertiser disclosure for more info. This site may be compensated through third party advertisers. While those are fairly solid rewards for a business card with no annual fee, theyre not the best rate out there, even amongbusiness cards with no annual fee. Editorial Note: The content of this article is based on the authors opinions and recommendations alone. Sign-up bonus:Earn up to a $1,000 cash bonus; $500 once you spend $5,000 in the first 3 months, and $500 once you spend $50,000 in the first 6 months of account opening. If you don't plan to use the card for international purchases, though, go with a more rewarding option. It, too, earns 1.5% cash back on all purchases, has an annual fee of, and doesn't charge foreign transaction fees. So you could turn $350 cash back into $700 with Cashback Match. " Option to download purchase records quickly and securely to accounting software, including Quicken, QuickBooks and Excel. It, too, earns 1.5% cash back on all purchases, has an annual fee of$0 and doesn't charge foreign transaction fees. To view rates and fees of the American Express Blue Business Cash Card, see this page. Terms apply (see. The annual fee is a bit of a drag though. Modest rewards and introductory cash bonus. Thanks. Terms apply. Capital One gives cardholders the ability to lock their or an employee's card from the mobile app. Can only recommend. Earn a one-time $200 cash bonus once you spend $3,000 on purchases within the first 3 months from account opening. That's because The Business Platinum Card from American Express comes with a hefty $695 annual fee, but also includes a host of luxury travel perks intended to compensate for the fee. These CapitalOne Spark cards really are not business cards at all, but sign-up bonuses and immediate cashback are hard to beat! The card does charge a 3% foreign transaction fee, however, so it's not a good choice for international purchases. If you have specific questions about the accessibility of this site, or need assistance with using this site, contact us. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. Here's how they stack up. With the Capital One Spark Classic for Business card, youll earn 1% cash back on all purchases. We are continually improving the user experience for everyone, and applying the relevant accessibility guidelines. Qualitative factors are those that affect how easy or difficult it is for a typical cardholder to get good value from the card. Credit score is one of the many factors lenders review in considering your application. We rate both introductory APR percentage and length (in months) along with the midpoint of the variable regular APR interest rate range. This is a great flat earning rate if you're not sure which categories your business will spend the most in, and if you'd prefer the simplicity of knowing you'll earn cash back on whatever charges you put on the card. Only mortgage activity by Credit Karma Mortgage, Inc., dba Credit Karma is licensed by the State of New York. Put $10,000 a month in inventory spending on the card, for example, and you've got $1,800 in rewards in a year. Then there's the Chase Ink Business Unlimited, which has no annual fee and offers the same 12-month 0% APR on purchases deal as the Amex Blue Business Cash, while also offering a bonus of $750more than three times the size of the one with the Capital One Spark Cash Select Excellent Creditfor $7,500 in spending within the first three months. One example is the other Spark Cash Select credit card offer, which has no annual fee but doesn't include any sign-up bonus whatsoever. And while it lacks a 0% APR offer it provides higher bonuses, especially for big spenders: $500 cash if you spend $4,500 in the first three months with the card. Its the less expensive, if less rewarding, sibling to the Capital One Spark Cash card. This will go on your personal credit report and TANK YOUR SCORE as you use this for your business! You wont earn a sign-up bonus with this offer however, you will still get unlimited 1.5% Cash Back on every purchase; 5% Cash Back on hotels and rental cars booked through Capital One Travel with a $0 annual fee. The Capital One Spark Cash Select - $500 Cash Bonus is a great option for businesses looking for a simple, high-earning cashback card with a $0 annual fee and no foreign transaction fees. Earn up to a $1,000 cash bonus; $500 once you spend $5,000 in the first 3 months, and $500 once you spend $50,000 in the first 6 months of account opening. Spark business credit card benefits like free employee cards, payment flexibility and a high sign-up bonus are just a few of the perks that could make this card a great choice for small business owners. -annual-fee option with the highest rewards rate. , though, it comes with a much larger sign-up bonus . Though the sign-up bonus is more difficult to attain with the Ink Business Cash Credit Card, if you use this card regularly, the value of the earning rate and sign-up bonus will likely provide greater value than the Capital One Spark Cash Select - $500 Cash Bonus. Either $10 or 3% of the amount of each cash advance, whichever is greater. Here is a list of our partners. Earn a one-time bonus of 50,000 miles equal to $500 in travel once you spend $4,500 on purchases within the first 3 months from account opening. Our partners compensate us. If foreign transaction fees arent a dealbreaker for you, though, you'd be better off with a different, more rewarding card. Youll also get: These ratings and reviews are provided by our users. We also assign value to sign-up bonus offers and their initial spending requirements, when present. Would like to hear from CK members who have this cards regarding initial credit limit and CLI. This card offers 5X Membership Rewards points on flights and prepaid hotels on amextravel.com. With this card you can earn 2% Cash Back for your business on every purchase, everywhere, compared with the 1.5% cash back from Capital One Spark Cash Select - $500 Cash Bonus. Of the manyCapital One business credit cards, the Capital One Spark Cash Select - $500 Cash Bonus is the$0-annual-fee option with the highest rewards rate. Also, this account will show up on your personal credit, so there's truly not a lot of benefit besides increasing your available credit and a nice sign-up bonus. Your cash-back rewards will never expire, and you can redeem them for cash at any amount and at any time. You could also consider theDiscover it Business Card. Note: There are two other Spark credit cards the Capital One Spark Miles Select for Business and the Capital One Spark Miles for Business. Its important to note that for our overall score that we make a number of assumptions about how you would be using your credit card: Capital One Spark Cash Select Excellent Credit Review. California loans arranged pursuant to Dep't of Business Oversight Finance Lenders License #60DBO-78868. Full Review of Capital One Spark Cash Select Excellent Credit, Capital One Spark Cash Select Excellent Credit Bonus, Prefers uncomplicated rewards with single rate for all spending, Resists or refuses an annual fee on principle or due to cost, Earning a primary or side income from a small business, Capital One Spark Cash Select Excellent Credit, Business Advantage Travel Rewards credit card, U.S. Bank Triple Cash Rewards Visa Business Card, Capital One Spark Cash Select Good Credit, Business Advantage Unlimited Cash Rewards Card, U.S. Bank Business Cash Rewards World Elite Mastercard, American Express Blue Business Cash Card. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear).

Earn 3 points per $1 spent when you book your travel (car, hotel, airline) through the Bank of America Travel Center. Compared to the Capital One Spark Cash Select - $500 Cash Bonus, though, it comes with a much larger sign-up bonus Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening. . Two other Spark cards also offer cash back: The Capital One Spark Cash Plusoffers 2% cash back on all purchases, but is a charge card (so you can't revolve a balance) and has an annual fee of $150. However, there are business cards out there that offer more cash back, like the Capital One Spark Cash for Business.

As a new cardholder, your business will earn a one-time offer of $500 after you spend $4,500 in the first three months. Property, casualty, life and health insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. Cardholders can earn a one-time $500 Cash Back once you spend $4,500 on purchases within the first 3 months from account opening. And no limit to how much well match. When evaluating offers, please review the financial institutions Terms and Conditions. Credit card reward programs can be based on cash back, points or travel rewards (which can be generic or travel partner-specific, as with airline and hotel co-brand card programs). Capital One Spark Cash Select for Business Benefits, California Do Not Sell My Personal Information Request. The card awards 2 points on travel and dining and 1 point on everything else.

The Ink Business Cash Credit Card is an example of a business card that offers bonus categories rather than a flat earning rate for rewards, which can be extremely valuable for business owners. Get 50% more Membership Rewards points. Power in its 2021 U.S. Banking Mobile App Satisfaction Study. If you're in the market for a no-annual-fee cash-back card, you can find higher rewards rates or larger sign-up bonuses on other cards in this category. Applied for Credit Card with over 760 score.

The Business Platinum Card from American Express is a bit more of an investment than the Capital One Spark Cash Select - $500 Cash Bonus card. (Some good options are included in this review.) Sign-up bonus:Earn a one-time bonus of 50,000 miles equal to $500 in travel once you spend $4,500 on purchases within the first 3 months from account opening. Product name, logo, brands, and other trademarks featured or referred to within Two other Spark cards also offer cash back: offers 2% cash back on all purchases, but is a charge card (so you can't revolve a balance) and has an annual fee of. The scoring formula takes into account the type of card being reviewed (such as cash back, travel or balance transfer) and the card's rates, fees, rewards and other features. Our marketing partners dont review, approve or endorse our editorial content. Earn unlimited 1.5 points for every $1 you spend on all purchases. Earn unlimited 1.5% cash back on all purchases everywhere, every time. If you're looking for a business card with fantastic luxury travel benefits and plan to spend heavily on your credit card, this card could be a great option. When you spend $3,000 on purchases within three months from account opening, you will earn a $200 cash bonus. For the first nine months, there is a 0% APR on purchases. pays 1.5% on all purchases, even inventory orders. Earn 3% cash back on eligible purchases at gas stations, office supply stores and cell phone/service providers. All financial products, shopping products and services are presented without warranty.

Investopedia is committed to delivering the best credit card recommendations in the industry.

You may get additional time on an original manufacturers warranty of three years or less. Bonus categories also tend to focus on operating expenses rather than inventory. So how do we make money? Take, for instance, the Amex Blue Business Cash. Earn 2% cash back for your business on every purchase, everywhere. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. For more analysis, check out NerdWallet's comparison of these cards. I literally bought a new laptop for my business within 5 minutes of approval without receiving the actual card, so I was earning cash back within minutes! This card also offers 5% cash back on hotels and rental cars booked through Capital One Travel. Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening. Cash back is immediate and flexible, and the current $200 sign-up bonus is legit. (Some good options are included in this review.) To rate credit cards we objectively assess, score and weight nearly 100 individual card features which roll up into five major feature sets: fees, interest, rewards, benefits and security/customer service. Please call Member Support at 833-675-0553 or email legal@creditkarma.com. After that, the standard APR is 13.99%, 19.99% or 23.99%, based on your creditworthiness. Earn 1.5% cash back or earn 1X point and receive 1,000 bonus points when your company spend is $1,000 or more in any monthly billing period. Advertiser Disclosure: Some of the offers that appear on this website are from companies which ValuePenguin receives compensation. and Credit Karma Offers, Inc. are not registered by the NYS Department of Financial Services. I have this Business card for my business & it's showing in my credit & decrease my personal credit score, what the point getting business card when your personal score goes down. Not cool at all. That's not a concern with this card. Credit Karma receives compensation from third-party advertisers, but that doesnt affect our editors' opinions. Pre-qualified offers are not binding. Become a NerdWallet member, and well send you tailored articles we think youll love. See americanexpress.com for more information. However, it charges foreign transaction fees. Some of these include several travel-related credits like a Global Entry/TSA Precheck credit, a CLEAR credit (enrollment required) and an airline fee credit for up to $200 (enrollment required) that help offset the annual fee. Rewards:2 miles per dollar spent on all purchases. Or you can redeem on request. Visit americanexpress.com to learn more. One exception is that it doesnt charge a foreign transaction fee, which is uncommon for a cash-back credit card. This card's cash-back rewards are worth the same regardless of how you redeem them. That's good if you travel internationally and great if youbuy inventory overseas. Other standard fees can generally be avoided, such as those for paying late or taking cash advances but we rate those relative to other cards in the market for reference, though with less weight assigned. Because the Capital One Spark Cash for Business comes with a large sign-up bonus and elevated rewards earning potential, business owners who spend sufficiently on the card will compensate for the moderate annual fee. Unlimited 1.5% cash back on all purchases; unlimited 5% cash back on hotels and rental cars booked through Capital One Travel. Youll earn a flat 1.5% cash back on every purchase you make. Not reccomended! Miles are worth 1 cent apiece when redeemed for a broad range of travel purchases. 3 by J.D.

App Store is a service mark of Apple Inc. Benefits: With both cards, you will get benefits including an auto rental collision damage waiver, purchase security, extended warranty coverage, and travel and emergency assistance services. No annual fee: The Capital One Spark Cash Select for Business card has an annual fee of $0.

Denied! Welcomebonus: Earn a $500 bonus when you spend $4,500 in the first 3 months of account opening. The information has not been reviewed or provided by the card issuer and it may be out of date. Well estimate your chances of approval based on your credit profile. 20072022 Credit Karma, LLC. The information related to The Business Platinum Card from American Express has been independently collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication. 1.5% cash back on all purchases; 5% cash back on hotels and rental cars booked through Capital One Travel. Banks, issuers and credit card companies do not endorse or guarantee this content, are not responsible for it, and may not even be aware of it. Cardholder benefits include an auto rental collision damage waiver, purchase security, extended warranty coverage, and travel and emergency assistance services.

But it features a unique and potentially lucrative bonus, which Discover phrases this way: "Get an unlimited dollar-for-dollar match of all the cash back you earn at the end of your first year, automatically. If you're keen on finding a no-annual-fee cash-back card without foreign transaction fees, though, the. and have not been previously reviewed, approved or endorsed by any other The standard APR is 13.99%, 19.99% or 23.99%, based on your creditworthiness.

Earn 3% cash back in a category of your choice from a list of six options; 2% cash back on dining; and 1% back on all other purchases. The Capital One Spark Cash for Business card may no longer be available. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Credit Karma is committed to ensuring digital accessibility for people with disabilities.

I love everything about it EXCEPT that it goes on your personal credit. By clicking Accept All Cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. If you spend more than $19,000 per year on your card, the Capital One Spark Cash for Business will earn more rewards for you than the Capital One Spark Cash Select - $500 Cash Bonus. All financial products, shopping products and services are presented without warranty.

And no limit to how much well match. Reaching the spending requirement should be attainable in order to get a significant amount of cash back, especially if you plan to use your card for a large amount of start-up costs. You can typically earn more rewards on your purchases when you spend on categories like office supplies, dining and travel, or whatever the card is offering. If foreign transaction fees arent a dealbreaker for you, though, you'd be better off with a different, more rewarding card. Applied and got instant approval for $2K. You can choose from two offers with that same name, but different sign-up benefits: Earn a $500 bonus when you spend $4,500 in the first 3 months of account opening. They ruin your Credit! Terrible! I intend on keeping the card, but I plan to shift my primary business purchases to another card, I can't afford to have my credit take hits like that (sometimes double digits) because I make legitimate business purchases. TheCapital One Spark Cash Select - $500 Cash Bonus is an easy choice for small-business owners who want simple cash-back rewards, no foreign transaction fees and an annual fee of$0. Overall, the Capital One Spark Cash Select Excellent Credit's fees are in line with industry standards. These responses are not provided or commissioned by the bank advertiser. This compensation may impact how and where offers appear on this site (including, for example, the order in which they appear). But there's a third option that might be even better: the, This card offers 2% cash back on all eligible purchases up to $50,000 per calendar year, then 1%, for an annual fee of, . If you know your business tends to spend heavily in a specific category, you may be better off choosing a card that offers extra rewards for those purchases. If 0% APR isnt a priority for you, theres also this card's sibling, the Capital One Spark Cash. 1.5 miles per dollar spent on all purchases. Get cash back rewards for any amount at any time with no expiration date for the life of the account. However, the Capital One Spark Cash for Business also includes an introductory $0 intro for first year; $95 after that annual fee. Get an unlimited dollar-for-dollar match of all the cash back you earn at the end of your first year, automatically. plus a 0% APR period (0% intro APR on Purchases for 12 months, and then the ongoing APR of 14.74%-20.74% Variable APR), giving it the primary benefits of the Capital One Spark Cash Select - $500 Cash Bonus and the Capital One Spark Cash Select - 0% Intro APR for 12 Months. Many business cash-backcards offer bonus categoriesthat can supercharge your rewards if your business spending fits into them or limit your rewards if it doesn't.

NerdWallet strives to keep its information accurate and up to date. You can manage your account online or with the card issuer's mobile app, which was ranked No. Capital One Spark Cash Select - 0% Intro APR for 12 Months, annual fee of $0. The content If you travel frequently, you may find a travel credit card more rewarding. Heres how we weighted those feature sets for the overall star rating of a card: We have applied our proprietary rating methodology to every generally-accepted credit card in the U.S. domestic market to allow consumers to make fully informed choices. So you could turn $350 cash back into $700 with Cashback Match." Other redemption options include gift cards and statement credits for specific purchases (as opposed to a general credit). Not sure if they will give me a CLI in a few months but $2K is nothing. It also offers a 0% intro APR, which the Capital One Spark Cash Select - $500 Cash Bonus lacks.

How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. Terms apply. Plus, you'll get a 0% intro APR period:0% intro APR on Purchases for 12 Months, and then the ongoing APR of 14.49%-22.49% Variable APR. That makes this card a good choice for a business whose spending is all over the map, or not concentrated in typical bonus categories like office supplies or travel. We may receive compensation if you visit partners we recommend. Put $10,000 a month in inventory spending on the card, for example, and you've got $1,800 in rewards in a year. , the latter might seem like the best option if you're trying to avoid annual fees. This is a solid fixed earning rate for companies with diverse spending patterns that wouldn't necessarily benefit from more rewards in bonus categories. Earn a one-time $500 cash back once you spend $4,500 on purchases within the first 3 months from account opening. When it came to unauthorized use, CapitalOne was right on it, sometimes even alerted me before I noticed. That's an extra half point per dollar, on each eligible purchase of $5,000 or more. We believe everyone should be able to make financial decisions with confidence. Credit Karma are the property of their respective trademark holders. Many or all of the products featured here are from our partners who compensate us. Capital One Spark Miles Select for Business,annual fee of$0. When compared among all business cards in our database: For Capital One Spark Cash Select Excellent Credit, See how this card compares to similar cards, Investopedia Credit Card Rating Methodology. As soon as I got approved, the card immediately got added to my CapitalOne app, so I was able to use the card immediately! Capital One was rated third in J.D. The Capital One Spark Cash Select - $500 Cash Bonus card comes with a generous sign-up bonus, especially for a no-annual-fee card. To further simplify things, you can set up automatic redemption to cash in your rewards when the balance reaches a certain amount. For example, it's less than half of what you'd get for the same spending requirement with the Chase Ink Business Unlimited, which offers a $750 bonus after you spend $7,500 in the first three months. You can even set up automatic redemptions once your balance reaches a certain threshold, such as $25, $50, $100, $200, $500, or $1,500. You can choose from two offers with that same name, but different sign-up benefits: TheCapital One Spark Cash Select - $500 Cash Bonuscomes with a welcome bonus: Earn a $500 bonus when you spend $4,500 in the first 3 months of account opening.