Capital One Spark Cash Review: Simple, Generous Rewards

This card is no longer accepting applications. Existing cardholders can earn 2% cash back on all purchases, with no limit and no special categories to keep track of.

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Our Take

5.0

NerdWallet rating 

The bottom line: This card has effectively been replaced by the Capital One Spark Cash Plus, which keeps the same 2% reward rate but increases the annual fee.

Best Small-Business Cash-Back Credit Card

Capital One Spark Cash Credit Card

Capital One Spark Cash for Business

Annual fee

$0 intro for the first year, then $95

Regular APR

20.99% Variable APR

Intro APR

N/A

Recommended Credit Score

Quick Facts

Pros & Cons

Pros

  • High rewards rate
  • No foreign transaction fees

Cons

  • Requires good/excellent credit
  • High APR

Alternate Pick: Bonus categories

Chase Ink Business Cash Credit Card Credit Card
NerdWallet rating 

Ink Business Cash® Credit Card

More cash back on select purchases

Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year, then 1%. The annual fee is $0.

Read our review

Compare to Other Cards

Capital One Spark Cash Credit Card

Capital One Spark Cash for Business

NerdWallet rating 
NerdWallet rating 
NerdWallet rating 
Annual fee

$0 intro for the first year, then $95

Annual fee

$95

Annual fee

$0

Regular APR

20.99% Variable APR

Regular APR

15.99% - 20.99% Variable APR

Regular APR

13.24% - 19.24% Variable APR

Rates & Fees

Intro APR

N/A

Intro APR

N/A

Intro APR

0% intro APR on purchases for 12 months from the date of account opening

Recommended Credit Score
Recommended Credit Score
Recommended Credit Score

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Full Review

As of August 2021, the  is no longer available to new applicants. This card has essentially been replaced by the .

For existing cardholders, the  makes it easy to earn plenty of cash back on all kinds of spending. The card, which has an annual fee of , features unlimited 2% cash back on all purchases — no bonus categories to deal with, no spending caps to worry about. Because of this, it's long been a fixture among NerdWallet's

There are no-annual-fee alternatives that earn 2% back on purchases up to an annual spending cap, and those may deliver more value for smaller-spending business owners in the long run. But for big spenders looking for a no-fuss option, this card is a strong pick.

Many business cash-back cards pay 1% on most purchases and a higher rate in certain categories. Those categories usually center on operating costs, such as office supplies, travel, telecommunications, advertising, shipping and so on. The offers 2% cash back on all purchases. That makes it ideal for businesses whose expenses don't line up with other cards’ categories, or that aren't concentrated in any particular categories.

Further, “2% on all purchases” includes inventory purchases — and, as many small-business operators can attest, inventory spending can easily dwarf operating expenses. Put $10,000 a month in inventory spending on the card, for example, and you've got $2,400 in rewards in a year. There is no limit on the amount of spending eligible for 2% rewards. You can set up automatic redemption to cash in your rewards when the balance reaches a certain amount, or you can redeem on request.

The  starts you off with a huge tiered sign-up bonus: That's one of the most generous sign-up bonuses available among small-business cash-back cards.

Unlike most cash-back credit cards, the doesn't charge foreign transaction fees. That's good if you do a lot of foreign travel — and great if you purchase inventory overseas. Credit card foreign transaction fees are typically 3%, meaning they can easily wipe out the value of any rewards you earn. Not a concern with the .

The  is one of five , which are all quite similar in name and appearance.

Of the bunch, the  offers the highest cash-back rewards rate. Two other Spark cards also offer cash back:

The other remaining cards offer rewards in the form of miles, which can be redeemed at 1 cent apiece to cover a broad range of travel purchases, or can be transferred to select airlines. Capital One doesn't charge foreign transaction fees on any of its credit cards, including all of the Spark cards.

For more analysis about how all these options stack up, check out . Here's an overview of what they offer.

The is the only major small-business card that offers an unlimited 2% cash back on all purchases, which makes it well worth its annual fee — — for small businesses that spend a lot. But at least one other small-business card — the  — offers 2% cash back on all eligible purchases up to $50,000 per calendar year, then 1%, for an annual fee of . Terms apply (see ). Setting aside first-year incentives, that makes it a more valuable option than the  if you plan to spend less than $59,500 a year on your card.

The  also comes with a generous 0% intro APR period: . The downside: It charges foreign transaction fees. Terms apply.

Like most small-business cards, the  doesn't come with a 0% APR period. If you're planning to carry a balance in the first few months after opening your account, a 0% APR offer could help you save plenty on interest charges.

The , mentioned above, is a good alternative. So is the , which also has an annual fee of  and offers 1.5% cash back on all purchases, with no spending caps. You'll get . The card's sign-up bonus is also outstanding, especially compared to other cards with an annual fee of : However, it charges foreign transaction fees.

The more money you spend in your business, the more attractive the  becomes. If you value simplicity and have expenses high enough to justify the fee, it's the cream of the crop. If you don't have much in the way of business expenses, though, a no-fee card is a better option.

To view rates and fees of the , see .

Frequently asked questions