Best in the Business: The Capital One Spark Small Business Credit Cards

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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

Capital One Spark Miles Credit Card
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The first, the Capital One Spark Miles, is like the Venture Business, and has one of the highest rewards rates in the business. It gives 2 miles per $1 spent on all purchases, plus a signup bonus. Get 25,000 bonus miles - just spend $5,000 on purchases within the first 3 months. 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 of $59 is waived the first year, 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

Capital One Spark Cash Credit Card
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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 2% cash back on all purchases, plus a bonus. Get a $250 cash bonus - just 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

Capital One Spark Miles Select Business Credit Card
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The Spark Miles Select for Business replaces the Business Platinum, 1.5 miles per $1. It has a one-time bonus of 10,000 miles once you spend $3,000 on purchases in the first 3 months. It’s more friendly to businesses looking for capital:with a 0% introductory period and no annual fee.

Capital One Spark Cash Select for Business

Capital One Spark Cash Select Business Credit Card
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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 bonus of $100 cash back once you spend $3,000 on purchases in the first 3 months.

Capital One Spark Select Business

Capital One Spark Select Business Credit Card
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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 50% more rewards.

Capital One Spark Classic

Capital One Spark Classic Business Credit Card
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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 0% 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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