A Sparkling Review: Capital One Spark Cash Select for Business

Capital One Spark Cash Select For Business - Business Financing Hub


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
Annual Fee $0
 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:

  • Loans collateralized by business receivables
  • Financing by ‘factoring’
  • Unsecured lines of credit

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.


Meet the Capital One Spark Cash Select for Business –

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:

  • A business owner or entrepreneur wishing to establish a future business credit history.
  • A business establishment that consistently pays large expenses that align with a credit card’s defined reward categories.
  • A business owner who is looking for a credit limit that exceeds typical personal lines of credit.


The Capital One Spark Cash Select for Business Offers Cardholders Some Amazing Business Benefits –

  • Quarterly reports to help manage and predict future financial trends for the business.
  • No annual fee.
  • A Year-end summary expense report.
  • A customizable detailed report revealing personal spending habits in need of change to appropriately plan, budget and prepare.
  • No foreign transaction fees; you won’t pay a transaction fee for purchases outside of the United States.
  • Redeem any amount of cash back without having to wait to reach preset levels.
  • Cash Rewards that don’t expire for the life of the account.
  • Cash Rewards that are too awesome to pass up.
  • A Cash Management technique known as the 30-Day Float.*

*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.

  • Built-in Inventory and Return Management Protocols.*

*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.


The Capital One Cash Select for Business Credit Card also Includes the Benefits of the Visa SavingsEdge –

Visa SavingsEdge offers discounts from an impressive list of companies offering services and goods nationwide for:

  • Dining
  • Entertainment
  • Office supplies
  • Business solutions
  • Travel, and more


Additional Benefits

  • Spark’s Experienced Business Customer Service Representatives – Representatives are well versed in matters of business finance and are available 7 days a week.


  • A Damage Waiver For Auto Rental Accidents – If you rent a car and use your Capital One Spark Cash Select for Business credit card to pay for the rental, the cardholder is covered for damages to the rental vehicle due theft or accent. This allows cardholders to travel with the invaluable benefit of peace of mind.


  • Security for Purchases Made – Capital One Cash Select for Business will replace, repair or reimburse purchases that have been damaged or stolen, as long as the theft or lost possession occurs within 90 days of the purchase date.


  • An Extended Protection Warranty – The Capital One Spark Cash Select for Business doubles the warranty offered by the manufacturer of any purchase, up to an additional year.


  • Online Account Management – Monitor your account online; receive activity alerts that can be sent to a variety of mobile devices. Download up to 13 previous months statements right from an online connection.


  • Emergency Assistance Services – When traveling on business, as a Capital One Spark Cash Select for Business card holder, you are protected (24 hours a day, 365 days a year) by a multitude of Visa emergency services for referrals for medical or legal professionals.


  • A Free mobile App for Capital One Spark Cash Select for Business Cardholders


So, what’s all the hoopla regarding the Capital One Spark Cash Select for Business credit card?

Check out these benefits:

  • Unlimited 1.5% cash back for each purchase, every day of the year. Cash rewards can be redeemed at any time by the credit card issuer.


  • A one-time cash bonus of two hundred dollars when a cardholder spends $3,000 during the first three months after the account is open. If a cardholder should qualify, the two hundred dollar bonus will appear on the credit card’s statement within two months.


  • The addition of Capital One Spark Cash Select for Business credit cards for employees of your business – at no additional cost. This allows small business owners to keep track of employee expenditures and to more accurately forecast future financial needs based upon previous financial data.


  • Fraud Coverage and real-time alerts sent by text, phone or email.


  • $0 liability if your Capital One Spark Cash Select for Business credit card is stolen or lost.


  • Downloadable electronic credit card information to use in conjunction with computer programs like Quicken, Excel, among others.


Forget the Magnifying Glass, Here is the Lowdown Regarding the Capital One Spark Cash Select for Business

The credit terms for the Capital One Spark Cash Select for Business credit card are as follows:

  • Various Interest Rates, APRs & Bank Charges – The Annual Percentage Rate (APR) represents the total cost of the borrowed funds over the life of the loan. In this instance, the Capital One Spark Cash Select for Business’s interest rate is variable; it changes when, and if, the Federal Treasury Department (‘The Fed’) revises the fundamental economic index known as the Prime Rate. The federal government adjusts the Prime Rate periodically to meet current economic trends and emerging concerns.


  • Annual Percentage Rate (APR) for a Purchase – For the first nine months after the account is open, the introductory APR remains at 0%; thereafter, the APR is 13.99%, 17.99% or 21.99% – contingent upon your credit score and creditworthiness.


  • Annual Percentage Rate (APR) for a Balance Transfer – The rate will be set at 13.99%, 17.99% or 21.99% – contingent upon your creditworthiness; interest accrues from the date of the balance transfer transaction.


  • Annual Percentage Rate (APR) for a Cash Advance – 23.99%, interest accrues from the date of the Cash Advance transaction.


  • Penalty Annual Percentage Rate (APR) for a Late Payment – The rate becomes 30.4% when a delinquency occurs. Late payment fees are applied in amounts up to $29. It is also important to note that the 0% intro APR offer will end when the first delinquency happens.


  • Interest Billing Cycles – The due date for every account is set at 25 days after the close of a billing cycle. If you pay the balance each month in full, there will not be a finance charge for any new purchases.


Capital One Spark Cash Select for Business – Before You Apply, Note the Following –

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:

  • Independent contractors
  • Freelancers
  • Sellers on Amazon
  • Independent consultants
  • Self-published authors
  • Sellers on eBay

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.


The Take-away

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.

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