Best Rewards Credit Cards

Capital One Spark Cash Select for Excellent Credit Review: A Premier Business Credit Card

CapOne Spark Cash Select: $750 bonus, 5% back on travel, no annual fee.

Rickie C. Keys, Ph.D., MPH

Apr 19, 2024 — 1 min read

Features

Cash Back: Earn unlimited 1.5% cash back on all purchases and 5% on hotels and rental cars booked through Capital One Travel.
Welcome Bonus: $750 bonus when you spend $6,000 within the first 3 months.
Annual Fee: $0, making it a cost-effective choice for business owners.
Employee Cards: Free employee cards that also earn unlimited cash back.

Benefits

High Reward Rate: Excellent return on business expenses, especially for travel-related purchases.
Ease of Redemption: Cash back can be redeemed at any amount, providing flexibility for financial management.
No Foreign Transaction Fees: Ideal for businesses with international transactions.
Comprehensive Protection: $0 fraud liability and free employee cards to manage business spending effectively.

Drawbacks

High APR: Purchase and transfer APR of 18.49% to 24.49%, and even higher for cash advances at 32.24%.
Penalty APR: High penalty APR of 34.65% which may apply after a late payment.
Cash Advance Fees: Either $5 or 5% of the amount of each cash advance, whichever is greater.

Product Summary

The Capital One Spark Cash Select for Excellent Credit is tailored for business owners with excellent credit, offering substantial cash back rewards particularly on travel when booked through Capital One Travel. The card includes a generous welcome bonus and the convenience of $0 annual fees, making it an attractive option for cost-conscious businesses looking to maximize their spending benefits. While the card offers significant advantages, particularly in terms of rewards and fees, the high APRs highlight the need for careful balance management to avoid substantial interest charges.

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