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Capital One just launched its new lineup, the Capital One Spark business credit cards. No longer Venture Business and so forth, the Spark cards still remain among the best options for small business owners. The suite of six cards is headlined by two standout offers: the Capital One Spark Miles and Capital One Spark Cash. The cards offer solid rewards rates across all purchases, plus a few low-interest perks for those businesses using credit cards for working capital.
Before we detail the cards individually, we’ll talk about what Capital One has to offer on all its cards. It charges no foreign transaction fee, key for business travelers. It also offers quarterly and year-end statements that categorize expenses, and the option to personalize the card with your business’ logo.
It’s also worth noting that Capital One has voluntarily adopted the CARD Act protections, which apply only to personal cards, for its business credit cards as well. This means you’re protected from unannounced and sustained interest rate hikes, among other practices. In a time when many issuers push regular consumers to use business credit cards because they’re unregulated, Capital One’s voluntary acceptance speaks well of them.
Meet the team
Capital One® Spark® Miles for Business
The first, the Capital One Spark Miles, is like the Venture Business, and has one of the highest rewards rates in the business. Our opinion of this is the same as our assessment of the consumer version, the Capital One® Venture® Rewards Credit Card: It’s flexible, it earns a lot of rewards and it’s a darn good choice for any business that travels with any frequency. Its annual fee is $0 intro for first year; $59 after that, and it pays out in No Hassle Miles, which allow you to redeem for any travel expense as a statement credit. All told, it’s one of the best small business credit cards out there.
Capital One® Spark® Cash for Business
The Spark Cash replaces the Business No Hassle Cash Premier, and is more or less the same as the Spark Miles, except that it earns cash back rather than No Hassle Miles. You earn generous cash back on all purchases, plus a bonus: Get a one-time $250 cash bonus once you spend $5,000 on purchases within the first 3 months It’s versatile, and cash back is the easiest form of rewards to use, so for businesses that don’t travel as much, it’s an equally solid option.
Capital One® Spark® Miles Select for Business
The Spark Miles Select for Business replaces the Business Platinum, 1.5 miles per $1. It has a good one-time bonus offer and it’s especially friendly to businesses looking for capital given that it sports an intro APR offer, as well as no annual fee.
Capital One® Spark® Cash Select for Business
The Capital One Spark Cash Select for Business replaces the Business No Hassle Cash Premier. It’s the same as the CapOne Spark Miles Select, except that it earns cash back and has a one-time cash-back bonus.
Capital One® Spark® Select for Business
The CapOne Spark Select Business replaces the CapOne Business Platinum Preferred, and earns 1 mile per $1 spent on all purchases. It has no annual fee and offers 0% interest on purchases, but has no signup bonus. It’s meant for businesses with more limited credit than would qualify for the Spark Cash or Miles Select, which earn more rewards.
Capital One® Spark® Classic for Business
The Capital One Spark Classic is equivalent to the CapOne Business No Hassle Cash and earns 1% cash back, but has no signup bonus or intro APR. It’s a better option if your business can’t qualify for the Capital One Spark Cash, but compared to the other offers it’s not nearly as exciting.
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