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If you’re looking for a straightforward cash-back business credit card with a $0 annual fee, the Capital One Spark Cash Select is worth considering. This business card has two varieties: a good-credit version and an excellent-credit version, each with its own unique benefits. For the purposes of our review, we’ll focus on the excellent-credit version.
Here’s what to know about the Capital One Spark Cash Select for Excellent Credit, its features, benefits, drawbacks, and who it’s best for.
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Rewards rate
- 5% cash back on hotels and rental cars booked through Capital One Travel
- 1.5% cash back on all other purchases
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Benefits
- Simplify your recordkeeping by downloading your purchase records in multiple formats such as Quicken orQuickBooks
- Enjoy international travel without additional fees on purchases made abroad
Additional benefits include:
Free employee cards: As a Capital One Spark Cash Select for Excellent Credit cardholder, you’ll get free employee cards. You can easily track employee spending and set limits for each card, plus you’ll earn rewards when your employees use their cards for business-related purchases.
No foreign transaction fees: When you use this car abroad, you won’t need to worry about expensive transaction charges. This card has no foreign transaction fees.
Roadside assistance: You also get special roadside assistance services, including tire changes, jumpstarts, and tows. This emergency assistance can provide added peace of mind when you’re on the road.
Extended warranty protection: Get an additional year of warranty protection for qualifying purchases made with your card.
How to earn rewards
This business credit card offers a fairly simple rewards structure, which is valuable if you want to avoid tracking bonus categories. As a cardholder, you’ll earn 5% cash back on rental cars and hotels booked in Capital One Travel and 1.5% cash back on all other purchases.
There are no spending caps in either category, meaning you can earn unlimited rewards that never expire.
How to redeem rewards
You can request your cash back in any amount via a statement credit or check. You can also set up automatic redemptions to pay out your cash back when your rewards reach a certain amount or at a specific time of year.
Alternatively, you can use your cashback rewards to book trips via Capital One Travel. This flexibility is useful if you travel for business occasionally. Note that your redemption options may be more limited if your account isn’t in good standing.
Who’s the Spark Cash Select for Excellent Credit best for?
With its simple rewards structure, the Capital One Spark Cash Select for Excellent Credit is ideal for people who want to earn straightforward cash back from their business purchases. It’s also a good choice if you’re looking for a card with no annual fee. But be aware that some competitor cards offer higher reward rates in certain categories and more flexible redemptions.
As its name suggests, you’ll need excellent credit to qualify for this card, though Capital One will also consider other factors when determining your approval.
Capital One Spark Cash Select for Excellent Credit pros
Capital One Spark Cash Select for Excellent Credit cons
Where can you use Capital One Spark Cash Select for Excellent Credit?
The Spark Cash for Excellent Credit is part of the Mastercard network. Mastercard indicates its cards are accepted in over 210 countries and territories worldwide, so your card will likely work no matter where you travel.
How to make a Spark Cash Select for Excellent Credit payment
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Online at CaptialOne.com
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By mail:
Capital One
Attn: Payment Processing
PO Box 71087
Charlotte, NC 28272-1087 -
By phone: You can pay your balance over the phone by calling the number on the back of your card
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In-person at a local Capital One branch
Capital One Spark Cash Select for Excellent Credit customer service info
If you need to reach the Capital One customer service team, you can contact them through the following channels. Note that Capital One doesn’t list its hours of availability.
Alternative cards to consider
The Capital One Spark Cash Select for Excellent Credit is an uncomplicated card with simple rewards. While it’s right for some, others may get more use out of a more targeted card. Here are some alternative business cards to consider.
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Rewards rate
- 5% unlimited cash back on hotels and rental cars booked through Capital One Travel
- 2% unlimited cash back on all other purchases (no limits or category restrictions)
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Benefits
- Get your $150 annual fee refunded every year after spending at least $150,000
- Your spending limit is flexible and adjusts based on factors such as your purchase, payment, and credit history
- You’ll never be charged interest since your balance is due in full every month
Why we like it: If you spend a considerable amount on business purchases, the Capital One Spark Cash Plus could be a good alternative. This card offers 2% cash back on every purchase, plus 5% cash back on hotel and rental car reservations made through Capital One Travel.
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Annual fee
$0
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Welcome offer
Earn $350 after spending $3,000 in the first 3 months, plus an additional $400 after spending $6,000 in the first 6 months
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Card type(s)
Business, Cash-Back
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Introductory Purchases APR
0% Intro APR on Purchases for 12 months
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Ongoing Purchases APR
18.49% – 24.49% Variable
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Recommended credit score
Good, Excellent
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Rewards rate
- 5% cash back on the first $25,000 in combined spending at office supply stores and on internet, cable, and phone services each account anniversary year
- 2% cash back on the first $25,000 in combined spending at gas stations and restaurants each account anniversary year
- 1% cash back on all other purchases
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Benefits
- Earn 5% cash back on Lyft rides through March 2025
- Get a 10% bonus on the cash back you earn in your first year if you have a Chase Business Checking account on your card anniversary (available on cards opened between March and November 2024)
Why we like it: The Chase Ink Business Cash Card offers higher reward rates than the Spark Cash Select for Excellent Credit. You get 5% back on up to $25,000 spent in combined purchases at office supply stores and on internet, phone, and cable services; 2% back on up to $25,000 spent in combined purchases at gas stations and restaurants; and 1% back on all other purchases.
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Annual fee
$0
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Welcome offer
Earn $900 bonus cash back after spending $6,000 in the first 3 months
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Card type(s)
Business, Travel
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Introductory Purchases APR
0% Intro APR on Purchases for 12 Months
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Ongoing Purchases APR
18.49% – 24.49% Variable
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Recommended credit score
Good, Excellent
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Benefits
- $0 annual fee
- 0% intro APR on purchases for 12 months (18.49% – 24.49% variable APR after that)
- You won’t be held responsible for unauthorized charges made with your card or account information
Why we like it: The Chase Ink Business Unlimited has a simpler rewards structure and welcome offer than the Ink Business Cash. You get 1.5% cash back on every qualifying purchase, and Lyft purchases net you 5% back through March 2025.
This article was edited by Alicia Hahn
Editorial Disclosure: The information in this article has not been reviewed or approved by any advertiser. The details on financial products, including card rates and fees, are accurate as of the publish date. All products or services are presented without warranty. Check the bank’s website for the most current information. This site doesn’t include all currently available offers. Credit score alone does not guarantee or imply approval for any financial product.