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

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The Capital One Spark Small Business Credit Cards

Capital One’s six Spark business cards offer solid rewards rates on all purchases, plus a few low-interest perks for businesses using credit cards for working capital.

You’ll enjoy no foreign transaction fees, quarterly and year-end statements that categorize business expenses, and the option to personalize your card with your business logo. Each card also comes equipped with Visa Business benefits, including an auto rental collision damage waiver, purchase and warranty protection, and travel and emergency assistance.

Ready to learn about the cards? Here’s what you need to know about each Spark.

Capital One® Spark® Miles for Business

If you want travel rewards, the Capital One® Spark® Miles for Business has one of the highest flat rewards rates in the business. You’ll earn 2X miles on every dollar spent, redeemable for airline tickets, hotel stays and more. There’s also a signup bonus: Get a one-time bonus of 25,000 miles once you spend $5,000 on purchases within the first 3 months.

Example image of Capital One® Spark® Miles for Business

Capital One® Spark® Miles for Business

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Apply Now on Capital One's secure website

Pros

  • High rewards rate
  • No foreign transaction fee

Cons

  • Has annual fee

Sign-up Bonus

Get a one-time bonus of 25,000 miles once you spend $5,000 on purchases within the first 3 months

Annual Fee

$0 intro for first year; $59 after that

Intro APR Promotions

None

APR

  • APR: 13.9% - 20.9% (Variable)
  • Penalty APR: Up to 29.4% (V), Variable
  • Cash Advance APR: 24.9% (V), Variable

Card Details

  • Earn 2 miles per dollar on every purchase, every day
  • Plus, a one-time bonus of 25,000 miles once you spend $5,000 on purchases within the first 3 months
  • Miles don't expire, and there are no categories to limit where or what you buy
  • Earn 5,000 bonus miles by signing up for one or more employee cards in the first 60 days
  • There's no limit to the amount of miles you can earn and miles don't expire
  • Redeem miles for travel, cash back, gift cards, and more
  • No foreign transaction fees and fly on any airline, anytime, with no blackout dates or seat restrictions

The card has an annual fee of $0 intro for first year; $59 after that.

Capital One® Spark® Cash for Business

If you prefer cash rewards for your business, the Capital One® Spark® Cash for Business is a great option. It offers 2% cash back on every purchase and a cash signup bonus: Get a one-time $250 cash bonus once you spend $5,000 on purchases within the first 3 months. You can redeem your cash back at any time, in any amount.

Example image of Capital One® Spark® Cash for Business

Capital One® Spark® Cash for Business

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Apply Now on Capital One's secure website

Pros

  • High rewards rate
  • No foreign transaction fee

Cons

  • Has annual fee

Sign-up Bonus

Get a one-time $250 cash bonus once you spend $5,000 on purchases within the first 3 months

Annual Fee

$0 intro for first year; $59 after that

Intro APR Promotions

None

APR

  • APR: 13.9% - 20.9% (Variable)
  • Penalty APR: Up to 29.4% (V), Variable
  • Cash Advance APR: 24.9% (V), Variable

Card Details

  • Earn 2% cash back on every purchase, every day
  • Plus, a one-time $250 cash bonus once you spend $5,000 on purchases within the first 3 months
  • Cash rewards don't expire, and there are no categories to limit where or what you buy
  • Earn a $50 cash bonus by signing up for one or more employee cards in the first 60 days
  • $0 intro annual fee for the first year; $59 after that
  • Redeem cash rewards anytime, for any amount, even set up automatic redemption
  • No foreign transaction fees
  • Earn unlimited cash rewards that don't expire

The Capital One® Spark® Cash for Business has an annual fee of $0 intro for first year; $59 after that.

Capital One® Spark® Miles Select for Business

If you’re looking for a travel credit card without an annual fee, you should check out the Capital One® Spark® Miles Select for Business. It offers 1.5 miles on every dollar you spend and a one-time signup bonus: 10,000 miles after you spend $3,000 in the first three months.

Example image of Capital One® Spark® Miles Select for Business

Capital One® Spark® Miles Select for Business

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Apply Now on Capital One's secure website

Pros

  • High rewards rate
  • No annual fee
  • No foreign transaction fee

Sign-up Bonus

Earn 1.5 miles per dollar on every purchase, every day.

Annual Fee

$0

Intro APR Promotions

0% on purchases until October 2015

APR

  • APR: 12.9% - 20.9% (Variable)
  • Penalty APR: Up to 29.4% (V), Variable
  • Cash Advance APR: 24.9% (V), Variable

Card Details

  • Earn 1.5 miles per dollar on every purchase, every day
  • Plus, a one-time bonus of 10,000 miles once you spend $3,000 on purchases within the first 3 months
  • Miles don't expire, and there are no categories to limit where or what you buy
  • Save on interest with 0% intro APR on purchases until October 2015; 12.9%-20.9% variable APR after that
  • Pay no annual fee or foreign transaction fees
  • Get online Quarterly and Year-End Summaries
  • There's no limit to the amount of miles you can earn and miles don't expire
  • Fly on any airline, anytime, with no blackout dates or seat restrictions

The Capital One® Spark® Miles Select for Business is a great card if you need some time to pay off your business purchases. It has an introductory APR offer of 0% on purchases until October 2015, and then the ongoing APR of 12.9% - 20.9% (Variable). Just make sure you pay off the balance before any interest is accrued.

Capital One® Spark® Cash Select for Business

If you’d prefer a cash-back card without an annual fee, the Capital One® Spark® Cash Select for Business is a great option. It offers 1.5% back on every purchase and a cash signup bonus of $100 after you spend $3,000 in the first three months.

Example image of Capital One® Spark® Cash Select for Business

Capital One® Spark® Cash Select for Business

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Apply Now on Capital One's secure website

Pros

  • High rewards rate
  • No annual fee
  • No foreign transaction fee

Sign-up Bonus

Earn 1.5% cash back on every purchase, every day.

Annual Fee

$0

Intro APR Promotions

0% on purchases until October 2015

APR

  • APR: 12.9% - 20.9% (Variable)
  • Penalty APR: Up to 29.4% (V), Variable
  • Cash Advance APR: 24.9% (V), Variable

Card Details

  • Earn 1.5% cash back on every purchase, every day
  • Plus, a one-time $100 cash bonus once you spend $3,000 on purchases within the first 3 months
  • Save on interest with 0% intro APR on purchases until October 2015; 12.9%-20.9% variable APR after that
  • Pay no annual fee or foreign transaction fees
  • Get online Quarterly and Year-End Summaries
  • Redeem cash rewards anytime, for any amount, even set up automatic redemption
  • Earn unlimited cash rewards that don't expire

Like the Capital One® Spark® Miles Select for Business, the Capital One® Spark® Cash Select for Business offers an introductory APR of 0% on purchases until October 2015, and then the ongoing APR of 12.9% - 20.9% (Variable).

Capital One® Spark® Select for Business

If you need a longer 0% APR period, the Capital One® Spark® Select for Business has an introductory offer of 0% on purchases until January 2016, and then the ongoing APR of 10.9% - 18.9% (Variable). This gives you a few extra months of 0% financing than the Capital One® Spark® Miles Select for Business — remember to pay it off before your balance accrues any interest.

Example image of Capital One® Spark® Select for Business

Capital One® Spark® Select for Business

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  2. 2 stars
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Apply Now on Capital One's secure website

Pros

  • No annual fee
  • No foreign transaction fee

Sign-up Bonus

Earn 1 mile per dollar on all purchases, and there's no limit to the amount of miles you can earn.

Annual Fee

$0

Intro APR Promotions

0% on purchases until January 2016

APR

  • APR: 10.9% - 18.9% (Variable)
  • Penalty APR: Up to 29.4% (V), Variable
  • Cash Advance APR: 24.9% (V), Variable

Card Details

  • Save on interest with our lowest intro APR on all purchases until January 2016; 10.9% - 18.9% variable APR after that
  • Pay no annual fee or foreign transaction fees
  • Build business credit with responsible use
  • Earn 1 mile per dollar on all purchases, and there's no limit to the amount of miles you can earn
  • Miles don't expire and can be redeemed for travel, cash back, gift cards and more
  • Fraud coverage if your card is ever lost or stolen
  • Enjoy business benefits including Year-End Summaries, employee cards at no extra cost, and experienced small business customer service

The Capital One® Spark® Select for Business offers 1 mile on every $1 spent. There’s no signup bonus: this card is for people who need time to pay off business purchases, not high-rewards chasers.

Capital One® Spark® Classic for Business

If your business’ credit is less than stellar, the Capital One® Spark® Classic for Business is a solid option. It’s available for businesses that don’t necessarily have excellent credit.

Example image of Capital One® Spark® Classic for Business

Capital One® Spark® Classic for Business

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Apply Now on Capital One's secure website

Pros

  • No annual fee
  • No foreign transaction fee

Cons

  • High APR

Sign-up Bonus

Earn 1% cash back on every purchase

Annual Fee

$0

Intro APR Promotions

None

APR

  • APR: 22.9% (Variable)
  • Penalty APR: Up to 29.4% (V), Variable
  • Cash Advance APR: 24.9% (V), Variable

Card Details

  • Enjoy no annual fee
  • Earn 1% cash back on every purchase, every day
  • Build business credit with responsible use
  • Fraud coverage if your card is ever lost or stolen
  • No foreign transaction fees
  • Enjoy business benefits including Year-End Summaries, employee cards at no extra cost, and experienced small business customer service

The Capital One® Spark® Classic for Business offers 1% back on all your purchases.

Erin El Issa is a staff writer covering personal finance for NerdWallet. Follow her on Twitter @Erin_Lindsay17 and on Google+.


Image via iStock.