Capital One Spark Cash Review: Full Details
Overview of Capital One Spark Cash
the Capital One Spark Cash The card offers unlimited 2% cash back on all purchases with no spending limits. Beyond its simple cash-back earning structure, the card lacks standout benefits and charges a $95 annual fee after an introductory $0 annual fee the first year (see exchange rates and fees). Card Rating*: ⭐⭐½
* Card review based on the opinions of the TPG editorial board and not influenced by the card issuer.
Cash back credit card giving businesses maximum flexibility. Refunds can be used to book travel, pay expenses, or purchase anything useful for the business.
the Spark Cash is an improved version of the discontinued Spark Cash for Business. It offers businesses the option of an unlimited 2% cash back credit card with a fixed credit limit, unlike similar options. Capital One Spark Cash Plus The card has no preset credit limit and must be paid in full every month.
Spark Cash has an annual introductory fee of $0 for the first year and an annual fee of $95 after that.
TPG recommends credit score for this card it is 740 or higher. However, it is possible to be approved with a lower score.
Let’s find out if Spark Cash should be in your business wallet or not.
Pros and cons of Capital One Spark Cash
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Capital One Spark Cash welcome offer
New Spark Cash Cardholders can earn $750 cash back after spending $7,500 within the first three months of account opening.
This is one of the better welcome offers we often see on cashback business cards. That said, smaller businesses will want a solid strategy to meet spending requirements.
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Related: The best time to apply for these popular Capital One credit cards is based on offer history
Benefits of Capital One Spark Cash
Although there is an annual fee after the first year, Spark Cash seriously lacks outstanding benefits and leaves much to be desired.
Spark Cash includes benefits like free employee cards and itemized year-end summaries to help you manage your business.
While those benefits aren’t eye-catching and come standard on most business cards, they can be useful for most businesses. Other than that, this card doesn’t offer much Justifies having a $95 annual fee after the first cardholder year.
Related: How to apply for a Capital One business credit card
Earn cash back from Capital One Spark Cash
Simplicity is the name of the game for earning cashback above Spark Cash. You’ll get unlimited 2% cash back All purchases qualify.
Additionally, cardholders will receive 5% cash back upon payment hotel and car rental is booked through Capital One Travel.
For business owners who want to keep their income simple, this is a suitable card to consider. Getting at least 2% back on all your purchases is a solid return on your spending.
Related: Capital One Miles: How to earn, redeem, and transfer rewards
Redeem cash back for Capital One Spark Cash
Cash refund on Spark Cash it’s that simple. Capital One lets you redeem your rewards for any amount so you can tailor your redemption amount to meet your business needs.
Although cashback is not as lucrative as earning points and miles, many people prefer it because of its simplicity and ease of understanding. Even if you’re a fan of points and miles, having a cashback card on hand will come in handy in situations where you don’t have a lot of travel plans.
Related: How to choose a cashback credit card
Which cards compete with the Capital One Spark Cash?
If you want to earn transferable rewards or better benefits and perks, or if you don’t want to pay an annual fee after the cardholder’s first year, there are other cards that compete or even outperform that card. Spark Cash which you may want to consider.
- If you don’t want to pay the annual fee: the American Express Blue Business Cash™ Card There is no annual fee (see exchange rates and fees) and earn unlimited 2% cash back on all purchases (up to $50,000 per year, then 1% after that). To learn more, read ours Full review of the Blue Business Cash card.
- If you want to earn transferable points: the Ink Business Preferred® Credit Card has a $95 annual fee and earns 3 Ultimate Rewards points for every dollar over the first $150,000 spent on combined purchases each year on travel; purchasing and transporting goods; internet, cable and phone services; and advertising purchases made on social media sites and search engines (and 1 point per dollar on all other purchases). These Ultimate Rewards points can be redeemed for exceptional value using Chase’s excellent features List of transfer partners. To learn more, read our Full review of the Ink Business Preferred card.
- If you want to enter the waiting room: the Capital One Venture X Business has an annual fee of $395 (see exchange rates and fees) and earn at least 2 miles per dollar spent on all purchases, redeemable with Capital One’s extensive network of more than 15 transfer partners. Cardholders get great lounge access, a $300 Capital One Travel portal statement credit, 10,000 bonus miles per account anniversary, and solid travel protections and perks. To learn more, read ours Full review of Venture X Business.
For more options, see our full list of best business card.
Related: Is Venture X worth it?
Is Capital One Spark Cash worth it?
Spark Cash is a good business service that can earn 2% unlimited cash. However, with lackluster benefits and annual fees after the first year (see exchange rates and fees), businesses may be better suited to a different card, especially considering there are other cards that offer 2% cash back with better benefits without the annual fee.
Bottom line
If you want a business card that offers unlimited, easy-to-remember 2% cashback, Spark Cash is a solid choice. While simple, it’s limited by mediocre benefits and annual fees after the first year.
If you want to earn Rewards are transferable or higher cashback rates in broad categories, you may want to consider another option business card.
Register here: Capital One Spark Cash for Business
Related: Reasons to own a business credit card
For Blue Business Cash rates and fees, click This.
For Capital One products listed on this page, some benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Benefits Guide for details on when terms and exclusions apply.
