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April 5, 2018

Capital One Business Credit Card Offers

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Capital One is offering promotions for small business credit card applicants. Read the latest reviews and score the best deals with this guide.

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Capital One offers several cards for small businesses. Whether you're a new business, want cash back or travel miles, or don't have good credit, Capital One has a card that could work for you.

Read on to see which card is best for you.

Rule of thumb:

For New Businesses: Capital One Spark Cash Select for Business

Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% for 9 months
N/A
14.74% - 22.74% (Variable)
$0

Who this card is best for: Small businesses just starting out.

Spark Cash Select has an intro APR, which is great if you have some larger purchases to make for your business and need time to pay it off. It's also good for small businesses that don't yet have a steady cash flow. That intro period will come in handy if there is a slow month and you can't make the payment. This card also has the lowest interest rate.

For Cash Back: Capital One Spark Cash for Business

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Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
N/AN/A
18.74% (Variable)
$0 intro for first year; $95 after that

Who this card is best for: More established businesses with varied spending.

Spark Cash gives a flat rate cash back, so you get rewarded on every expense. You can get the cash back as statement credit. There is an annual fee, so you'll need to have enough expenses to make enough cash back to justify the fee. It has a very generous sign-up bonus if you can meet the spend requirement.

If your business has more than $9,500 in expenses a year ($792/month), you'll come out ahead with the Spark Cash. You will earn $190 in cash back per year, as opposed to $95 with the Spark Classic. The difference in the cash back more than justifies the annual fee.

For Travel Miles: Capital One Spark Miles for Business

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Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
N/AN/A
18.74% (Variable)
$0 intro for first year; $95 after that

Who this card is best for: Businesses with travel needs.

You can redeem your miles towards any travel purchase. You just redeem your miles towards travel purchases made within the past 90 days at the rate of 100 miles = $1. Or you can book travel on the Capital One travel portal at the same rate.

This is effectively the same reward rate as the Spark Cash. Except you can only redeem your rewards against travel purchases. If you want to redeem for cash back or account credit, you'll get less back. So the Spark Miles is actually not as flexible as just getting statement credit with the Spark Cash.

What Capital One counts as travel: airlines, hotels, rail lines, car rentals, cruises, limousines, busses, taxis, travel agents and time shares. This does include things like small boutique hotels, Airbnb, and Uber.

If your business is new or spends less than $9,500/year, consider the Capital One Spark Miles Select for Business, the no annual fee version.

Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% for 9 months
N/A
14.74% - 22.74% (Variable)
$0

For Average Credit: Capital One Spark Classic for Business

Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
N/AN/A
24.74% (Variable)
$0

Who this card is best for: if your personal credit is average.

For first-time business card applicants, approval will depend on your personal credit history. Spark Classic is geared towards those with average credit. So if your personal credit isn't stellar, this may be the only card you'll qualify for.

Just one thing to note: the APR is high, so make sure you can pay the balance in full each month.

What You Get With All Capital One Business Cards

  • No foreign transaction fee. You can take any of the cards for trips abroad.

  • Free employee cards. Track each card's spending and earn rewards from their purchases.

  • Expense summaries. You get a quarterly and year-end itemized report of your spending.

  • Purchase records. You can download your purchase records into programs like QuickBooks, Quicken, and Excel.

  • Visa Savings Edge. Save up to 15% when you shop at participating merchants when you enroll your card.

  • Purchase security. You are covered if your eligible item is damaged or stolen within 90 of purchase.

  • Extended protection. Extend the manufacturer's warranty up to 1 year on eligible items.

Things to Know About Capital One Business Credit Cards

  • They do show up on your personal credit report. Not all business cards report to consumer credit bureaus, but Capital One's do. So any activity on your business card will impact your personal credit too.

  • You will need to provide business information. On the application, you will need to provide your business' annual revenue and tax ID number or employer ID number. Don't worry, even if you're a new business with no revenue, you can still apply. Read: How to Get a Business Credit Card.

  • You will have to sign a personal guarantee. This is a clause that states that you, personally, will repay any business debt. If you stop making payments on the card, Capital One can come after you personally to recover the balance owed.

  • Generally, you need excellent credit. The Capital One business cards require excellent credit. The only exception is the Spark Classic, which is geared towards those with average credit (or if you cannot find a personal guarantor with excellent credit).

Which Small Business Card?

The right one for you depends on your business' needs and spending habits. Newer businesses may want to start out with one of the no-annual-fee cards. The Spark Cash Select is great if you need an interest break. More established businesses with higher expenses will find that the annual-fee cards offer better reward potential. The Spark Cash and Spark Miles have the same reward rate, so it's just a matter of whether you want the cash back flexibility or the miles.

Remember: as with all credit card and bank offers, terms and limitations apply.

Disclaimer: Opinions expressed here are author's alone. Please support CreditDonkey on our mission to help you make savvy decisions. Our free online service is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content.

Editorial Note: This content is not provided by Capital One. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Capital One.

Disclaimer: The information for the Capital One® Spark® Classic for Business, Capital One® Spark® Cash for Business, Capital One® Spark® Miles for Business, Capital One® Spark® Cash Select for Business, and Capital One® Spark® Miles Select for Business has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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