Cash back increases your monetary assets, allowing you to invest more money in your business. This option also happens to be easier to redeem compared to other reward forms. Our list of best Capital One Business cash back credit cards has solid, flat-rate reward percentage cards you can use for your business expenses. Check them out!
Our Top Capital One Business Cash Back Credit Cards Reviews
The best Capital One business cash back credit cards in our list include options for low to high-income businesses. You will also find a breakdown of their specific features, similarities, and differences.
- Best altogether: Spark 1.5% Cash Select
- Best for big businesses: Spark 2% cash Plus
- Best for travel-centric businesses: Spark 1% Classic
Best Business Rewards Card Altogether: Spark 1.5% Cash Select
We found the Capital One Spark 1.5% Cash Select the best business rewards card because of its affordability. Also, you can fulfill its spending requirements quickly whether you run a small, medium, or large business.
As an extra perk, you can assign an accountant to make transactions on your behalf. They will review each transfer and resolve any issues regarding your finances. Alternatively, you can select the bank’s auto pay service to avoid the hassle of remembering to pay on time.
Fees
You don’t pay an annual fee for this card, making it cheaper than the Spark 2% Cash Plus. You are exempt from paying a foreign transaction fee, too. Although you incur an APR between 18.49% and 24.49%, you can avoid it by clearing your monthly statement balance.
Rewards
You earn:
- Unlimited 2% cash back on every purchase.
- Unlimited 5% return on booking hotels and rental cars through the Capital One Travel portal.
- $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening.
Pros
- No annual fee reduces overhead costs for businesses.
- The welcome offer is easily attainable even if you are a small business.
- The simple reward structure makes it easy to understand and manage earnings.
- Free employee cards linked to your primary card can track and earn rewards from employee spending.
Cons
- A flat-rate cash back might not benefit companies with high spending in specific categories.
- You might find the initial spending threshold for the cash bonus somewhat high.
Best Rewards Card for Big Businesses: Spark 2% Cash Plus
The Capital One Spark 2% Cash Plus card stands out for large businesses due to its:
- Reimbursable annual fee
- Spending requirements
- Pay off protocols
Although you may find it expensive, you get added value like every Capital One card. You can set up customized alerts for payments and detection of suspicious activity. You also get year-end summaries to calculate your annual expenses to see whether you met your goals.
Since it is a Visa, you can claim amenities like travel accidents and emergency assistance. You can also claim purchase security and extended warranty like any other Visa card.
Fees
Spark 2% Cash Plus is the most expensive card on this list. You pay a $150 annual fee here. However, the bank reimburses it if you spend $150,000 annually.
Additionally, you don’t pay a foreign transaction fee like other Capital One cards. Also, you can not accumulate debt as the Spark Cash Plus is a pay-in-full card.
Rewards
This card offers a simple yet effective rewards program. You earn:
- Unlimited 2% cash back on every purchase.
- Unlimited 5% return on booking hotels and rental cars through the Capital One Travel portal.
- You also earn a welcome bonus of $1,200 if you spend $30,000 in the first three months.
Pros
- You earn unlimited cashback on every purchase. There are no categories to track and no caps on earnings.
- Businesses can issue cards to employees at no extra cost. This allows them to earn rewards on their spending as well.
- You get an annual cash bonus for spending above a certain threshold. It is rewarding for higher-spending businesses.
- The card is suitable for international travel as there are no fees for foreign transactions.
- You don’t accumulate debt with this card as it’s a pay-in-full card.
Cons
- You pay a high annual fee. It may be too much for businesses with lower spending that wouldn’t offset the cost with cashback.
- Unlike other business cards, the Spark 2% Cash Plus is a pay-in-full. Businesses that want to carry a balance may not find this feature attractive.
- The card has fewer perks than other premium business cards offering travel benefits or purchase protections.
Best for Businesses Building Credit: Spark 1% Classic
You can get this card if you want to start a small business against a low credit limit. It may be difficult to get approved if you have damaged credit. However, fair creditors can reap its benefits.
The best thing we like about the Capital One Spark 1% Classic is that you get the business-specific card perks for an entry-level credit score. We are talking about:
- Year-end budget and tax summaries
- Auto payments
- Eno-generated virtual cards for online shopping. Eno is a Capital One online assistant that helps you manage your card
Fees
You are exempt from paying:
- Annual fee
- Foreign transaction fee
However, you incur a high APR of 29.99% on purchases and 30.74% on balance transfers. Cash advances incur the usual 5% fee. You must clear your monthly statement dues instead of paying the minimum balance. You can stay debt-free if you do so.
Rewards
It offers a straightforward rewards system while helping build credit. You earn:
- Unlimited 1% cash back on every purchase
- Unlimited 5% return on hotels and rental cars booked through Capital One Travel
You also get access to business-related benefits like:
- Free employee cards linked to your main card
- Ability to sync your accounts using Sage Intacct or Concur Expense
Pros
- You pay a $0 annual fee like most Capital One business cards. It eliminates a common expense for new businesses.
- You can use this card to build a strong credit history by making timely payments.
- It is an easily accessible card due to its required credit score.
- You don’t pay a foreign transaction fee here. This makes international purchases cheaper.
Cons
- You get a minimal reward percentage compared to other cards.
- You incur maximum interest on purchases and balance transfers. It can accumulate debt if you carry a monthly balance.
Features to Consider for Capital One Business Cash Back Credit Cards
Business cards are different from personal cards regarding fees, earnings, and benefits. The following are a few features you must consider before choosing a Capital One business card:
| Annual Fee | APR | Rewards | |
|---|---|---|---|
| Spark 1.5% Cash Select | $0 | 18.49% – 24.49% | Unlimited 1.5% cash back on purchases |
| Spark 2% Cash Plus | $150 | Pay-in-full | Unlimited 2% cash back on purchases |
| Spark 1% Classic | $0 | 29.99% | Unlimited 1% return on purchases |
Fees
Look for as low card fees as possible. You don’t want to add to your business expenses if you can avoid it. Cards like Spark 1.5% Cash Select with a $0 annual fee are suitable for small to medium businesses.
Rewards
Try to get a high-earning card for business expenditure. Although Capital One’s business cards offer flat-rate rewards, Spark 2% Cash Plus offers the highest reward percentage.
Extra Benefits
You can maximize your card’s value by availing the added benefits the bank’s cards offer. You can get access to business tools like Sage Intacct to keep your finances in check on cards like the Spark 1% Classic.
Related Questions
What Is the Starting Limit for Capital One Business Credit Cards?
The initial credit limit for a Capital One business card usually ranges between $2,000 and $25,000, depending on various factors. These factors include the applicant’s creditworthiness, income, and business financials. The bank reviews each application individually to determine the appropriate limit.
Does Capital One Business Card Have Foreign Transaction Fees?
Capital One business cards do not charge you foreign transaction fees. This feature makes these cards particularly attractive for business owners who frequently travel abroad or make international purchases. By avoiding these fees, cardholders can save as much as 3% per transaction compared to cards that do not offer this benefit.
Can I Use My Capital One Credit Card Internationally?
Yes, you can use your Capital One card internationally. These cards are readily accepted in most countries due to their association with major payment networks such as Visa and Mastercard. Additionally, with no foreign transaction fees on many Capital One cards, they are an excellent option for international travel and spending.
Conclusion
Due to its affordability and manageable APR, we find the Spark 1.5% Cash Select to be the best Capital One business cash back card. It’s especially great for those with a low to moderate-expense business. However, if your business has higher spends, the 2% Cash Plus is a better option for you. For those with a small business, the 1% Classic is the ideal choice.