If you’re looking for a no-hassle business cash back credit card with a $0 annual fee, the Capital One Spark Cash Select is worth considering. This business card comes in two flavors: a version for good credit and one for excellent credit, each with its own unique benefits. For our review, we’ll focus on the version for excellent credit.
Here’s everything you need to know about Capital One Spark Cash Select for excellent credit, its features, pros, cons, and who it’s best for.
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Premium rate
- 5% cash back on hotels and rental cars booked through Capital One Travel
- 1.5% cashback on all other purchases
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Advantages
- Simplify your accounting by downloading your purchase documents in multiple formats such as Quicken or QuickBooks.
- Enjoy international travel without additional fees for purchases made abroad
Additional benefits include:
Free employee cards: As a Capital One Spark Cash Select for Excellent Credit cardholder, you’ll receive free employee cards. You can easily track your employees’ spending and set limits on each card. Plus, you’ll earn rewards when your employees use their cards for business-related purchases.
No foreign transaction fees: If you use this car abroad, you don’t have to worry about expensive transaction fees. There are no foreign transaction fees for this card.
Roadside assistance: You will also receive special roadside assistance services, including tire changes, jump starts and towing. This emergency assistance can give you additional peace of mind while on the road.
Extended warranty protection: Get an additional year of warranty protection on qualified purchases made with your card.
How to earn rewards
This business credit card offers a fairly simple rewards structure, which is useful if you don’t like to track bonus categories. As a cardholder, you’ll earn 5% cash back on rental cars and hotels booked through Capital One Travel and 1.5% cash back on all other purchases.
There are no spending caps in any of the categories, meaning you can earn unlimited rewards that never expire.
How to redeem rewards
You can request your cash back in any amount via account credit or check. You can also set up automatic redemptions to pay out your cash back when your rewards reach a certain amount or at a certain time of the year.
Alternatively, you can use your cash back rewards to book travel through Capital One Travel. This flexibility is useful if you travel occasionally for work. Note that your redemption options may be more limited if your account is not in good standing.
Who is Spark Cash Select for excellent credit best suited for?
With its simple rewards structure, the Capital One Spark Cash Select for excellent credit is ideal for people who want a hassle-free way to earn cash back on their business purchases. It’s also a great choice if you’re looking for a card with no annual fee. However, keep in mind that some competing cards offer higher rewards rates and more flexible redemptions in certain categories.
As the name suggests, you need excellent credit to qualify for this card, but Capital One also considers other factors when deciding whether to approve you.
Capital One Spark Cash Select for outstanding credit professionals
Cons of Capital One Spark Cash Select for Excellent Credit
Where can you use Capital One Spark Cash Select for excellent credit?
Spark Cash for Excellent Credit is part of the Mastercard network. Mastercard says its cards are accepted in over 210 countries and territories worldwide, so your card will likely work wherever you travel.
How to make a Spark Cash Select payment for excellent credit
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Online at CapitalOne.com
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By post:
Capital One
Attn: Payment processing
PO Box 71087
Charlotte, NC 28272-1087 -
By phone: You can pay your balance by phone by calling the number on the back of your card.
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In person at a local Capital One branch
Capital One Spark Cash Select for Excellent Credit – Customer Service Information
If you need to reach the Capital One customer service team, you can contact them through the following channels. Note that Capital One does not list its hours of operation.
Alternative cards to consider
The Capital One Spark Cash Select for excellent credit is a no-brainer card with simple rewards. While it’s right for some, others may make better use of a more targeted card. Here are some alternative business cards to consider.
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Premium rate
- 5% unlimited cash back on hotels and rental cars booked through Capital One Travel
- 2% unlimited cashback on all other purchases (no limits or category restrictions)
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Advantages
- Get your $150 annual fee back every year after you spend at least $150,000
- Your spending limit is flexible and will adjust based on factors such as your purchasing, payment and credit history.
- You will never be charged interest as your balance is due in full each month
Why we like it: If you spend a lot of money on business purchases, the Capital One Spark Cash Plus could be a good alternative. This card offers 2% cash back on every purchase, as well as 5% cash back on hotel and car rental reservations made through Capital One Travel.
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Annual fee
$0
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Welcome offer
Earn $350 after spending $3,000 in the first 3 months, plus another $400 after spending $6,000 in the first 6 months
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Card type(s)
Business, Cashback
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Introductory Purchases APR
0% introductory APR on purchases for 12 months
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APR for ongoing purchases
18.49% – 24.49% variable
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Recommended credit score
Good, Excellent
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Premium rate
- 5% cash back on the first $25,000 in total spending at office supply stores and on internet, cable and phone services in each account anniversary year
- 2% cash back on the first $25,000 in total spending at gas stations and restaurants in each account anniversary year
- 1% cashback on all other purchases
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Advantages
- Get 5% cash back on Lyft rides through March 2025
- Get a 10% bonus on the cash back you earn in the first year if you have a Chase Business Checking account on your card’s anniversary date (available for cards opened between March and November 2024)
Why we like it: The Chase Ink Business Cash Card offers higher rewards rates than the Spark Cash Select for excellent credit. You’ll earn 5% back on up to $25,000 spent on combined purchases at office supply stores and on internet, phone and cable services; 2% back on up to $25,000 spent on combined purchases at gas stations and restaurants; and 1% back on all other purchases.
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Annual fee
$0
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Welcome offer
Get $750 bonus cashback after spending $6,000 in the first 3 months
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Card type(s)
Business, Travel
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Introductory Purchases APR
0% introductory APR on purchases for 12 months
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APR for ongoing purchases
18.49% – 24.49% variable
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Recommended credit score
Good, Excellent
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Advantages
- $0 annual fee
- 0% introductory interest rate on purchases for 12 months (thereafter 18.49% – 24.49% variable interest rate)
- You will not be held responsible for any unauthorized charges to your card or account information.
Why we like it: The Chase Ink Business Unlimited has a simpler rewards structure and welcome offer than the Ink Business Cash. You’ll earn 1.5% cash back on every qualifying purchase, and Lyft purchases will earn you 5% back through March 2025.
This article was edited by Alicia Hahn
Editorial Disclosure: The information in this article has not been reviewed or approved by any advertiser. Financial product details, including card interest rates and fees, are accurate as of the date of publication. All products or services are presented without warranty. Please refer to the bank’s website for the most up-to-date information. This website does not contain all currently available offers. Creditworthiness alone does not guarantee or imply approval for any financial product.
