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Capital One Spark Cash Select: An Excellent Card That Requires Excellent Credit

This business credit card offers flat-rate cash back on all purchases, with no bonus categories or rewards caps to worry about, plus a welcome bonus.
By Claire Tsosie, Paul Soucy
Last updated on May 21, 2024
Edited byRyan Lane
Fact checked and reviewed

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Our Take

4.9

NerdWallet rating 

The bottom line:

A top-notch cash-back card with no bonus categories, annual fee or foreign transaction fees. But business owners may have a hard time qualifying if they have less-than-perfect credit.
Full review

Capital One Spark Cash Select

Annual fee
$0
Regular APR
17.99%-23.99% Variable APR
Intro APR
N/A
Apply now

on Capital One's website

More details from Capital One

  • Earn a $500 bonus when you spend $4,500 in the first 3 months of account opening
  • Earn unlimited 1.5% cash back for your business on every purchase, everywhere — with no limits or category restrictions
  • No annual fee
  • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel
  • Rewards won't expire for the life of the account
  • Redeem your cash back rewards for any amount
  • Free employee cards, which also earn unlimited 1.5% cash back on all purchases
  • $0 Fraud Liability for unauthorized charges
  • View Rates & Fees

Pros & Cons

Pros

  • No annual fee
  • High rewards rate
  • No reward caps

Cons

  • Requires excellent credit

Compare to Other Cards

at Capital One

at Chase

at American Express

Annual fee

$0

Annual fee

$95

Annual fee

$0

Regular APR

17.99%-23.99% Variable APR

Rates & Fees

Regular APR

20.74%-25.74% Variable APR

Regular APR

17.99%-25.99% Variable APR

Rates & Fees

Intro APR

N/A

Intro APR

N/A

Intro APR

0% intro APR on purchases for 12 months from the date of account opening

Recommended credit score

720-850excellent

Recommended credit score

690-850good - excellent

Recommended credit score

690-850good - excellent

Full Review

The
Capital One Spark Cash Select
delivers flat-rate rewards (
1.5
% on all purchases) with no annual fee or foreign transaction fees. Plus, there’s a welcome offer:
Earn a $500 bonus when you spend $4,500 in the first 3 months of account opening.
That equation of simplicity plus rewards, minus fees makes the calculation for carrying this card a relatively easy one, if you can qualify. As the name suggests, you need excellent credit — typically a personal FICO score of 720 or higher — to qualify for the
Capital One Spark Cash Select
.

The
Capital One Spark Cash Select
is best for small-business owners who:

  • Prefer a flat cash-back rate to managing bonus categories. 
  • Buy inventory from international vendors.
  • Don’t want to pay an annual fee.
  • Have excellent credit.
If you have less-than-perfect credit, there are plenty of equally solid cash-back business credit cards available — including another from Capital One:

Capital One Spark Cash Select
: Basics

  • Card type: Small business.
  • Annual fee:
    $0
    .
  • Welcome bonus:
    Earn a $500 bonus when you spend $4,500 in the first 3 months of account opening.
  • Rewards:
    Earn unlimited 1.5% cash back for your business on every purchase, everywhere — with no limits or category restrictions. Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel.
  • Interest rate:
    The ongoing APR is 17.99%-23.99% Variable APR
    .
  • Foreign transaction fees: None.
  • Other benefits:
    • Itemized year-end spending reports.
    • Option to download purchase records quickly and securely to accounting software, including Quicken, QuickBooks and Excel.

Why you might want the
Capital One Spark Cash Select

Simple flat-rate rewards

Many business cash-back cards offer bonus categories that can supercharge your rewards if your business spending fits into them — or limit your rewards if it doesn't. By offering a
1.5
% flat rate on all spending, the
Capital One Spark Cash Select
does away with such complications. That makes this card a good choice for a business whose spending is all over the map, or not concentrated in typical bonus categories like office supplies or travel.
The
Capital One Spark Cash Select
pays 1.5% on all purchases, even inventory orders. Put $10,000 a month in inventory spending on the card, for example, and you've got $1,800 in rewards in a year.

No foreign transaction fees

Most cash-back cards slap on foreign transaction fees when you make international purchases, but this one doesn't. That's great if you buy inventory overseas and helpful if you occasionally travel overseas (frequent travelers should explore business travel cards instead). Credit card foreign transaction fees are typically 3%, meaning they can easily wipe out the value of any rewards you earn. That's not a concern with this card.

Why you might want a different card

You want an intro APR period

Like the
Capital One Spark Cash Select
, the
Ink Business Unlimited® Credit Card
has an excellent sign-up bonus:
Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening.
But it has a great intro APR offer, too:
0% intro APR on Purchases for 12 months, and then the ongoing APR of 17.99%-23.99% Variable APR
.
The
Ink Business Unlimited® Credit Card
has no annual fee and matches the
1.5
% cash back rate offered by the Spark Cash Select cards.
The
Wells Fargo Signify Business Cash℠ Card
is another excellent option that give your intro APR period, includes a welcome offer and earns
2%
cash back on all purchases. Both alternatives charge foreign transaction fees (3%) though, which is something to consider if you make international purchases.

Your spending aligns with bonus categories, like gas or office supplies

If your priority is simplicity, stick with a flat-rate card like the
Capital One Spark Cash Select
. But if maximizing rewards is your top aim, consider a cash-back business card that pays a higher rate in select bonus categories.
The
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
, for example, offers the following bonus categories:
Earn 3% cash back on eligible purchases at gas stations, office supply stores, cell phone service providers and restaurants. Earn 1% cash back on all other eligible net purchases
. The card also has a long intro APR period for purchases and a competitive welcome offer:
Earn $750 in cash back. Just spend $6,000 on the Account Owner's card in the first 180 days of opening your account.
The
Ink Business Cash® Credit Card
is another solid option for bonus categories.
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, Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year, Earn 1% cash back on all other card purchases with no limit to the amount you can earn
.

You don’t have excellent personal credit

Most business credit cards require at least good personal credit — typically a FICO score of at least 690. The
Capital One Spark Cash Select
ups the ante to the “excellent” credit range (usually scores starting at 720).
If you can’t hit that number, there are other Capital One business credit cards worth considering. Specifically, CapOne is the rare issuer with a business card for entrepreneurs owners with fair credit (typically a FICO between 630-690): the Capital One® Spark® Classic for Business. The Spark Classic for Business has an annual fee of $0 and earns 1% on all purchases.

Is the
Capital One Spark Cash Select
right for you?

The
Capital One Spark Cash Select
is an easy choice for small-business owners who want simple cash-back rewards, no foreign transaction fees and an annual fee of
$0
. (See rates and fees). If foreign transaction fees aren’t a dealbreaker for you, though, you'd be better off with a different, more rewarding card.
To view rates and fees of
The American Express Blue Business Cash™ Card
, see this page.
View rates and fees of
Capital One Spark Cash Plus
.
View rates and fees of
Capital One Spark Cash Select
.
View rates and fees of
Capital One Spark Miles for Business
.
Information for the Capital One® Spark® Classic for Business was not reviewed by or provided by Capital One.

Apply now

on Capital One's website

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NerdWallet Rating  
5.0
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