2% Cash Back With No Caps
While many business credit cards have a base earnings rate of 1%, the Capital One Spark Cash earns an unlimited 2% cash back on every purchase. That makes it a smart pick for business owners who prefer simplicity or whose expenses are varied rather than concentrated in certain categories.
Up to 5% Cash Back on Travel Booked Through Capital One
The Capital One Spark Cash also earns 5% back on hotels and rental cars booked through Capital One’s travel booking site. That’s a strong rate of return that can turbocharge your cash-back earnings, especially for business owners who are road warriors. Just know you may not receive elite status benefits from hotel and rental car providers for reservations made through third-party portals like Capital One Travel.
No Foreign Transaction Fees
Like all Capital One cards, the Spark Cash doesn’t charge fees for foreign purchases. That means you can save up to 3% per transaction when traveling overseas or purchasing from international vendors.
Waived Annual Fee for the First Year
The Spark Cash has a $0 intro for first year; $95 after that. That gives you 12 months to decide if it’s right for you before the yearly fee kicks in. If you spend at least $150,000—or would have spent that much were it not for credit line limitations—you may be better off with the Spark Cash Plus, as that spending level would earn you a refund of its $150 annual fee (rates & fees).
Based on our calculations, if you spend less than $19,000 (which breaks down to about $1,583 per month), you’d come out ahead with the Capital One Spark Cash Select, which has no annual fee (rates & fees), even though it has a lower base earning rate of 1.5%. However, in that scenario, your best choice may be to choose one of the no-annual-fee 2% cash-back business cards offered by other card issuers.
Other Capital One Spark Cash Benefits
- Free employee cards. Add employee cards free of charge to earn cash back for all your team’s spending.
- Extended warranty protection.** Protect your business purchases by extending the manufacturer’s warranty on eligible items paid for with your card.
