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On the search for a no annual fee, cash back credit card for your business? Here’s an option! With the Capital One® Spark® Cash Select for Business Card, you will earn an unlimited 1.5% cash back! This could potentially be hundreds to thousands of dollars each year that’s going back into your business!
In addition, you can earn $200 cash bonus after you spend $3,000 on purchases within the first 3 months. This card also comes with no foreign transaction fees AND no annual fees! For more about this card, see below!
Learn more about this card and its features here.
| PROMOTIONAL LINK | OFFER | REVIEW |
| Chase Total Business Checking® | $300 Cash | Review |
| Huntington Bank Unlimited Plus Business Checking | $750 Cash | Review |
| Huntington Bank Unlimited Business Checking | $400 Cash | Review |
| Huntington Bank Business Checking 100 | $200 Cash | Review |
Table of Contents
Capital One Spark Cash Select for Business
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| Bonus Available | Earn a one-time $200 cash bonus after you make at least $3,000 in purchases within the first 3 months of account opening. |
| *Bonus Value | $200 |
| Ongoing Rewards/Benefits | Unlimited 1.5% cash back on all purchases.
Employee cards at no extra cost. |
| Foreign Transaction Fees | No |
| Annual Fee | $0 |
Recommended Free Credit Score (Get Free Score) 690 – 850 (Good – Excellent)
PROS
- No annual fee
- Welcome bonus
- Unlimited cash back
- Free employee cards
- No foreign transaction fee
CONS
- Good-Excellent credit needed to qualify
Editor’s Alternate Pick
 The Chase Ink Business CashSM Card offers $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening. You'll earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year, 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year, & % cash back on all other card purchases with no limit to the amount you can earn. This card comes with no annual fee. You'll be able to take advantage of employee cards at no additional cost & the 0% introductory APR for 12 months on purchases. |
Capital One Spark Cash Select $200 Bonus Offer
Check out the Spark Cash Select card’s $200 bonus cash introductory offer. It is a great bonus considering it comes with no annual fee.
To qualify for this bonus offer, you must charge at least $3,000 to your card within the first 3 months of opening your account.
Here are some ideas on meeting the spending requirement:
| • Plastiq - Using Plastiq allows you to pay for your personal expenses such as rent, tuition, mortgage, auto lease etc. Although they charge a 2.5% processing fee for using your credit card, this will contribute to the card bonus that you will receive. There is also a referral program that allows you to earn "Free-Free Dollars" that goes towards processing fees as well. |
| • Funding Checking Accounts - When it comes to funding a checking account, opening your initial deposit with a credit card is the usual way to go about it. However, if you want to have more opportunities, you should open a checking account that offers a sign-up bonus. This allows you to work towards bonuses from not one but two different sources instead. Banks like Chase, Huntington Bank, TD Bank and BBVA offers credit card funding, and for your opening deposit, you can often fund anywhere from $50-$1000 with a credit card, depending on the bank. |
| • Gift Card Purchases With Using a Credit Card - Another way to acquire the bonus is using your credit card to purchase gift cards. Buying a a gift card or an individual merchant card typically do not require a purchase fee and are used towards leisure, so gift cards are ideal. However, gift cards such as a Visa or American Express do incur purchase fees because they can be spent anywhere, but gift cards that are specifically for a certain online shopping site such as Amazon or eBay don't. |
| As for a Citi Credit Card, you should call customer service and ask them to lower your Cash Advance limit to $0 before making any purchases because Citi tends to read gift card purchases as a Cash Advance. Ideally, you should do this with any card just to be safe. Lastly, there is such thing as a discounted gift card which can be purchased on Raise or eBay. If you use a credit card often for everyday purchases, it can build your credit score that will contribute towards paying for things such as bills and taxes. |
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Earn & Redeem Cash Back
Earning unlimited 1.5% cash back could mean thousands of dollars each year going back into your business. 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. This means you can save up rewards for a long time to cover a large expense or redeem rewards in small amounts as you please. I’d highly recommend redeeming in that way, but you can also redeem your rewards for gift cards or charity.
Spark Cash Select for Business Benefits
- Quarterly and yearly summary: Get a custom, itemized spending report simplifying planning, budgeting, and taxes.
- Employee cards: Add employee cards at no additional cost. Easily track their spending, and earn all the rewards from their purchases.
- No foreign transaction fees: Make purchases outside of the US with zero transaction fees.
- Easy accounting: Download your purchase records quickly and securely to multiple formats including Quicken®, Quickbooks™, and Excel®.
Visa Business Benefits
As a Visa signature card, the Spark Cash for Business comes with some additional benefits, including:
- 24/7 worldwide emergency card replacement: Get a replacement Visa Signature Business card sent to you or receive emergency cash at a convenient location.
- Auto rental damage waiver: Visa has you covered for any damage caused by collision or theft when you rent an eligible car.
- Purchase security and extended protection: Visa will replace, repair, or reimburse eligible items within 90 days of purchase. Plus, it doubles the length of the manufacturer’s warranty.
Other Card Benefits
- No Annual Fee: Get all the neat perks without having to pay an annual fee.
- No Foreign Transaction Fee: Keep earning your rewards! Use this card when traveling abroad without paying a fee.
- Travel and Purchase Perks: Enjoy auto rental collision damage waiver, car rental insurance, travel and emergency assistance services, roadside dispatch, lost luggage reimbursement and travel accident insurance. Plus, get $0 fraud liability and emergency card services. For your purchases, get price protection, purchase protection, and extended warranty protection. Plus, as a cardholder, you’ll get access to special VIP events and shopping discounts.
- 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. This means, they’ll have equal charging privileges unless you established individual spending limits.
- Quarterly and Annual Summaries: The Spark Cash Select for Business card allows you to receive quarterly and annual spending summaries. The summaries include a detailed, itemized, and categorized look at your spending during the covered period. Plus, enjoy detailed reports of employee spending, if applicable.
Bottom Line
The Capital One® Spark® Cash Select for Business Card is ideal for small business owners with the simple flat rate 1.5% unlimited cash back on all purchases.
It has the option to add employees to your account, set limits, and track spending at no additional charge. You’ll definitely save money considering that this card has no annual fee. Plus, enjoy your trips even more with no foreign transaction fees to worry about.
Another perk is that during your trips, you’ll have access to travel assistance services. They can help make your travels run more smoothly AND are available to you 24/7. Ticket replacement and legal or medical referrals are just some of the convenient services that may come in handy when you are on a trip.
Let us know about your thoughts and experience with this card in the comment section below! If you’re interested in more options, see our list of the Best Credit Cards! Be sure to check out our section on the latest bank bonuses!
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What’s The Competition?
The Chase Ink Business CashSM Card offers $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening. You'll earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year, 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year, & % cash back on all other card purchases with no limit to the amount you can earn. This card comes with no annual fee. You'll be able to take advantage of employee cards at no additional cost & the 0% introductory APR for 12 months on purchases. |
 The Chase Ink Business PreferredSM Card offers 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That's $1,250 toward travel when redeemed through Chase Ultimate Rewards®. You'll earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year; 1 point per $1 on all other purchases - with no limit to the amount you can earn. Furthermore, points are worth 25% more when you redeem for travel through Chase Ultimate Rewards. This card does come with a $95 annual fee but does not have any foreign transaction fees. |
 The Ink Business UnlimitedSM Credit Card offers $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening. You'll earn an unlimited 1.5% cash back on every purchase made for your business and you'll receive employee cards at no additional cost. This card carries no annual fee and you'll have the opportunity to take advantage of a 0% introductory APR for 12 months on purchases |
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