|Annual Percentage Rate (APR) for Purchases||0% intro APR for 9 months.
This APR will vary with the market based on the Prime Rate.
|APR for Balance Transfers||13.74% – 21.74% (Variable) APR
No balance transfer fee
|Major Benefit of this Card||Earning unlimited 1.5% cash back could mean thousands of dollars each year going back into your business|
Accessibility to lines of credit for small businesses can, and often are difficult to locate. These types of credit lines are quite pricey for small businesses owners and entrepreneurs in need of business financing. Some business credit cards offer a bit of flexibility, which helps business owners who struggle with short-term, unexpected business funding shortages.
Interest rates for business credit cards are set at lower interest rate levels than other sources of business credit, like:
Small business credit card issuers offer rewards and incentives programs that now make it infinitely easier for business owners to find financing and to take advantage of the rewards when paying for everyday business expenditures with their business rewards credit card account.
Credit card offers show up in everyone’s mailbox several times a week, sometimes even more often than that. As consumers, history has taught us that the credit card industry is quite clever – designing newfangled credit cards with perks, miles, freebies, a sign-up bonus and rewards that often seem too good to pass up.
Recently, however, the credit card industry has vigorously redefined its target markets to now include small business owners. This is good news for the legions of small and medium sized companies searching for capital to manage their businesses more effectively and more efficiently.
As a small-business owner, one tends to focus on ways to generate additional revenues while cutting back on costs. However, business credit lines now offer additional financing options.
A basic, cash-back reward credit card that offers simple rewards for every purchase you make.
This highly rated business credit card from Capital One (4.4 out of 5, with nearly 500 reviews) is designed to meet the financing needs of the small business owner who maintains an Excellent credit history. With a Capital One Spark card every purchase (even everyday business expenses) simply generates additional income for the business to use. By using this business credit card, you will be able to earn unlimited cash back rewards for inventory purchases, equipment purchases, advertising expenses, plus take advantage of the 0% intro APR offer during the first nine months.
Business owners now have several ways of to solve business-funding issues for operations, capital expansions, inventory requirements, or anything else they believe will increase the value of the business and increase profit margins. A business-oriented credit card (like Capital One Spark Cash Select) is a great choice for:
*Purchasing materials and supplies with the Capital One Spark Cash Select for Business credit card gives savvy business owners an extra 30 days to pay their outstanding bills without interest charges accruing. The Float Approach to cash flow management provides funding for businesses while they await outstanding customer payments. Additionally, small business vendors often offer customers a significant discount if they pay early or, they buy large amounts at once.
*Proactive and ongoing inventory management is imperative if a business is to be successful. Unsold inventory can often be returned at the end of a season, and, for inventory initially purchased by the Capital One Spark Cash Select for Business, refunds are issued faster when purchases have been made electronically. The best business credit cards typically have cash back reward programs. This specific perk earns the business entity additional income — just for using a Capital One Spark Cash Select for Business for typical monthly business expenses and purchases.
Visa SavingsEdge offers discounts from an impressive list of companies offering services and goods nationwide for:
Check out these benefits:
The credit terms for the Capital One Spark Cash Select for Business credit card are as follows:
Business owners are a diversified group with members that often differ from long-standing traditional views of business owners. A business does not need warehouses; storefronts or assets to receive a business line of credit approval. If you have acceptable personal and business credit, and meet the issuer’s predetermined criteria, a business credit card can be issued for a business in any industry. To further your understanding, some examples of non-traditional businesses include:
Fortunately, a business owner is not required to show a profit or provide evidence of an extensive business credit history to be approved for a basic business credit card. Business credit card approvals are typically contingent upon the business owner’s personal credit profile and, of course, verifiable income.
But, be forewarned: if a business owner’s personal credit is less than perfect, and the business owner has been previously rejected for a personal credit card, it is likely that they will find it challenging to meet the eligibility requirements of a business credit card either.
Although most CPAs and lawyers would recommend establishing a distinct business entity (a corporation, or an LLC, for example) to operate a business, it is not a requirement for a business credit card approval. In other words, a sole proprietor (typically, the default business entity) is an “approvable” business organization. However, sole proprietors, by the very nature of their chosen business organization, will indirectly place personal assets as collateral in the event a lawsuit or bankruptcy while the credit line is in open and being used.
Using a business credit card is a smart business play as it inherently provides an easy way to track business expenses, profit margins and spending habits. Selecting the appropriate business credit card that aligns to your business profile can save a significant amount of money each year, or earn rewards for traditional business expenses.
The highlights for the Capital One Cash Select for Business rest squarely on the shoulders of its rewards and benefits. Small business owners often require significant amounts of capital for customary business purchases. The Spark Cash Select offers Purchase Security and the benefit of an extended warranty that provides peace of mind. These benefits are specifically designed in the event that something unexpectedly happens. But remember, the Capital One Cash Select for Business has above average credit qualification standards.
Successful business owners explore external business financing sources, like Business Financing Hub (BFH), to finance their current and future business financing needs.
Credit industry professionals created and designed the Business Financing Hub specifically for small business owners and entrepreneurs as a comprehensive online website to assist small business owners to find available credit cards and business lines of credit throughout the financial markets. The Business Financing Hub offers financing solutions that include credit cards; unsecured loans and/or mortgages. The Business Financing Hub takes pride in their company mission to publish articles about trending finance issues, in an effort to educate business owners.
The Business Financing Hub specializes in assessing financial situations and then putting together creative solutions through a variety of products, tools and services. The Business Financing Hub is an online platform dedicated to small business owners a) in need of business financing or b) simply want to apply online for a business credit card.