Business owners with average credit, look no further, Capital One Spark Classic for Business is available for you to build your business credit and earn cash back!
This card allows you to build your business credit score AND gives you the chance to earn unlimited 1% cash back on all purchases, every day! Plus, enjoy the perks of Capital One’s business cardholders for free! Get year-end summaries, employee cards at no additional cost, and no foreign transaction fee.
The Spark Classic for Business also has no annual fee for you to worry about! With this card in your wallet, you’ll enjoy a simple, hassle free card with no additional hidden fees.
As a business owner, you might have to do a little bit of traveling, so Capital One gives their card members a great perk of having no foreign transaction fee on any of their cards. So, travel internationally and spend as you need without worrying about additional fees attached.
| Ink Business Preferred® Card 90K Points after $8,000 spend within first 3 months | Ink Business Unlimited® Credit Card $750 Bonus after $6,000 spend within 3 months |
| Capital One Venture X Business 150K Miles after $30,000 spend within 3 months | Ink Business Cash® Credit Card Up to $750 Bonus: Earn $350 after $3,000 spend in the first 3 months and an additional $400 with $6,000 spend in the first 6 months. |
| Chase Sapphire Preferred® Card 100K Points after $5,000 spend within 3 months. | Chase Freedom FlexSM $200 Bonus after $500 spend within 3 months |
| The Platinum Card® from American Express 80K Points after $8,000 spend within 6 months. Terms Apply. | Capital One Venture X Credit Card 75K Points after $4,000 spend within 3 months. |
| American Express® Gold Card 60K Points after $6,000 spend within 6 months. | Chase Freedom Unlimited® Card $200 Bonus after $500 spend within 3 months |
| Chase Sapphire Reserve® Card 60K Points after $4,000 spend within 3 months. | Capital One Quicksilver Cash Rewards Card $200 Bonus after $500 spend within 3 months |
Capital One Spark Classic for Business Summary
| Bonus Available | No welcome bonus. |
| Ongoing Rewards/Benefits | Earn 2X points on everyday business purchases with no category restrictions. On up to $50,000 in annual spending, then 1x points thereafter. |
| Foreign Transaction Fees | 2.7% |
| Annual Fee | $0 |
Recommended Free Credit Score (Get Free Score) 580 – 740 (Fair – Good)
PROS
- Designed for Average credit
- No annual fee
- Cash back rewards
- No foreign transaction fees
CONS
- No welcome bonus
- High APR
Redeeming Spark Classic Rewards
You have the option of choosing statement credits or checks in the mail to get your cash back from your Spark Classic card. Unlike other rewards cards, there is no minimum spend needed to redeem.
For an even easier process, you will have the ability to set up automatic redemptions whenever your cash back reaches a certain amount or when a certain date passes.
Why You Should Apply for This Card
Earn Unlimited 1% Cash Back: You won’t save a ton with this rewards card, as it offers just 1% cash back for every purchase. However, if you use it regularly, you should be able to collect a good amount. There are no categories to limit how you earn, and rewards won’t expire as long as your account stays active. In addition, you can redeem your cash back for any amount in the form of statement credit.
No Excellent Credit Required: Most credit cards need good to excellent credit to apply for. With the Spark Classic for Business, you just need an average credit score to apply for it. This credit card can help facilitate your payments and help you build your company’s credit score.
Capital One Spark Classic for Business Full Benefits
- No Annual Fee
- Credit Building: Build and strengthen credit for your business by using this card responsibly.
- Unlimited Rewards: Earn unlimited 1% cash back on every purchase for your business with no minimum to redeem.
- Fraud Coverage and Alerts: Enjoy $0 Fraud Liability if your card is lost or stolen. Plus, get real-time alerts of fraud attempts via text, email, or phone.
- No Foreign Transaction Fees: Don’t worry about transaction fee when making purchases outside of the U.S.
- Rewards Your Way: Reward points do not expire. Redeem your cash back for any amount and at anytime.
- Travel and Purchase Perks: Receive full auto rental collision insurance and theft protection on car rentals, 24/7 emergency travel assistance, lost card replacement, fraud detection, and shopping privileges, such as purchase protection and extended warranty.
- Employee Cards at No Additional Cost: Earn rewards when your employees use their card. Be aware that if employees are allowed to use the account, they will be authorized users. That means, they’ll have equal charging privileges unless you establish individual spending limits.
- Quarterly and Annual Summaries: Receive quarterly and annual spending summaries with this card. Summaries include a detailed, itemized, and categorized look at your spending during the covered period. Plus, get detailed reports of employee spending, if applicable.
Bottom Line
If you just aren’t getting approved for other business credit cards because you’re credit score is a little low, try the Capital One Spark Classic for Business credit card! You’ll get a simple credit card with unlimited 1% cash back and no annual fee!
The Spark Classic for Business is here to help you work and build up your credit score. In addition, it has excellent perks comparable to other business credit cards.
You can get detailed reports on year end summaries to better your business’ planning and budgeting needs! You also have the option to add employee cards to the account for free. Thus, all purchases can count towards your unlimited 1% cash back pool. See our full list of credit card bonuses for all your credit card needs!
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