Capital One® Spark® Select for Business
Capital One® Spark® Select for Business
Capital One® Spark® Select for Business
Card details
Save on interest with our lowest intro APR on all purchases until April 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
Rates, fees & offers
Annual fee
$0
Rewards rate
1.00%
Bonus offer
Earn 1 mile per dollar on all purchases, and there's no limit to the amount of miles you can earn.
Intro APR
0% on purchases until April 2016
Ongoing APR
APR: 10.9% - 18.9% (Variable)
Penalty APR: 29.40%, Variable
Cash Advance APR: 24.90%, Variable
Foreign transaction fee
None
Recommended credit score
Compare to other cards
 Capital One® Spark® Select for Business | ||
|---|---|---|
| Learn more | Learn more | |
Annual fee$0 | Annual fee$99 | Annual fee$199 |
Regular APR10.9% - 18.9% (Variable) | Regular APRSee Terms | |
Intro APR0% on purchases until April 2016 | Intro APR0% intro APR for 15 months on balance transfers made within 45 days of account opening. After that, a variable APR will apply, 21.24%-29.99%. | Intro APRN/A |
Recommended Credit Score |
Recommended Credit Score |
Recommended Credit Score |
NerdWallet review
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Rating details
3
Editor's overall rating
Pros and cons
Pros
No annual fee
No foreign transaction fee
Cons
Verdict – The Capital One Spark Select Business is a great card for small businesses: it’s a rewards card, and there’s no cost to carrying it, with no annual fee.
You’ll earn 1 mile per dollar on all eligible purchases, and those points will come back to you as Capital One’s No Hassle Miles.
Despite their name, they’re less miles and more statement credit on travel. I know – that seems like an odd distinction to make, but it’s an apt one: regular miles will go up and down in value while No Hassle Miles remain static.
Regular miles tend to be most valuable in the off-season, when nobody’s booking flights. The converse is also true: when everybody’s trying to fly around the country for the holidays, miles don't get you far.
Meanwhile, No Hassle Miles are essentially a cash equivalent. 1 mile is and will always be redeemable for 1 cent on your travel, hence CapOne’s statement that “if your ticket costs $150, you need 15,000 miles.”
When you do accumulate those miles, you don’t redeem when you book, as you might with those regular miles; rather, you have Capital One apply No Hassle Miles as statement credit to your ticket purchases.
Their rewards aren’t quite immediate this way, but it’s still a great program, if only because these miles are worth exactly as much as they say they are.
They’re also a little more versatile than most. Whereas some cards will restrict your redemption to travel, CapOne gives you the option to request that your miles be put on a gift card to stores like Amazon, Target and more.
Alternative cards for higher rewards
If you’re looking for some richer rewards, CapOne’s got your back. They have a few other Spark Miles business cards.
First, there’s the Capital One Spark Miles Select, which earns an effective 1.5% and has no annual fee. You’re probably wondering: why bother with the Select Business if the Miles Select earns .5% more and neither has an annual fee? The Select Business is intended for companies with limited credit, so might be better for business owners who don't have a long history of financial statements.
If you’re of greater means still, consider the Capital One Spark Miles for Business, which earns 2%. It has an annual fee, but, after enough spending, your rewards will outweigh the charge. With just $5,900 in annual spending, it’s a better deal than the low-end card, the Select Business, and after $11,800, it outstrips the middle child, the Miles Select, too.
