Capital One® Spark® Cash for Business

Note: Capital One is a Frequent Miler advertiser. Please see our Advertiser Disclosure.

Card Details and Application Link
Capital One Spark Cash Business Credit Card
No Longer Available
This card is no longer available to new applicants

No Annual Fee First Year, Then $95

You may be interested in a similar option: Spark Cash Plus

Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.

Recent better offer: Up to $2,000 Cash Back: Earn a one time bonus: $500 after $5K spend in 3 months from account opening and earn an additional $1,500 when you spend $50K in the first 6 months of account opening. [Last available in early 2020 and briefly in 2021]

FM Mini Review: Many cards offer unlimited 2% cash back, but this is the only business card I know of that does so. This is a good option for business owners who prefer simple cash back rewards.


Card Type: Visa Signature

Base
2%

Earning rate: 2% everywhere

Noteworthy perks: No foreign transaction fees

Overview

It's rare to find a business rewards card with great rewards for all spend. This one offers 2% cash back everywhere and a great welcome offer.

Additional benefits of this card include no foreign transaction fees, travel and emergency assistance services, purchase protections, and more.

Overall, this is an excellent choice both for its intro bonus and rewards for spend.

Application Tips

Capital One Application Tips


  • 6 month rule: Must wait 6 months after applying for a Capital One card before applying for another one.

  • 2 card limit: Conventional wisdom and user experience has been that you can have at most 2 Capital One consumer cards, but according to application terms it may be possible to have up to 5. You may be limited to 2 of their rewards cards. Note that this limit does not apply to Capital One co-branded cards like the Kohl's charge card.

  • Get Same Card Again: There is no known rule against getting the same card and bonus again even if you still have the card open.

  • Hard inquiries usually get issued through all 3 credit bureaus


To check application status, call (800) 903-9177 or (877) 277-5901
If denied, call reconsideration here: (800) 625-7866

Related Cards (CapOne cash back cards)

Card Offer
Capital One Spark Cash Plus
Up to $1,000
Earn up to a $1,000 cash bonus; $500 once you spend $5,000 in the first 3 months, and $500 once you spend $50,000 in the first 6 months of account
opening

$150 Annual Fee

Note: This card is not expected to count against Chase's 5/24 Rule

Recent better offer: Expired 3/14/22: $3K after $50K spend in 6 months

Capital One Quicksilver
$200 Cash Back
One time bonus: $200 after $500 spend in 3 months from account opening

No Annual Fee

Capital One SavorOne Cash Rewards Credit Card
$200 Cash Back
One time bonus: $200 after $500 spend in 3 months from account opening

No Annual Fee

Capital One Spark Cash Business Credit Card
No Longer Available
This card is no longer available to new applicants

No Annual Fee First Year, Then $95

You may be interested in a similar option: Spark Cash Plus

Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.

Recent better offer: Up to $2,000 Cash Back: Earn a one time bonus: $500 after $5K spend in 3 months from account opening and earn an additional $1,500 when you spend $50K in the first 6 months of account opening. [Last available in early 2020 and briefly in 2021]

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Frank

I received an offer in the mail for this Cap One Spark Cash Business card but with $1,000 back after $10,000 spend in 3 months. I assume you would value this as $955 …? It has 2% cash back.

1) Is it safe to spend on taxes?
2) It is addressed to my Business #1 – can I apply as Business #2?
3) How does one get the cash back? Statement credits?

What do you guys think of this offer?

Nick Reyes

1) Yup, totally fine on taxes. I’ve used the Spark Cash a number of times for taxes.

2) Yes, that should work, though if you already have a Spark Cash with Biz #1, I’m not sure you can get another.

3) You could take the cash as statement credits, but I wouldn’t since that will mean that you won’t earn 2% back on that $1K of spend. Instead, I would request a check. Deposit that in your bank account. Alternatively, if you have a Spark Miles or Venture/VentureOne card, you can convert the cash back to miles ($0.01 = 1 mile).

I think it’s a very solid offer (we opened one under this offer in my household a couple of years ago). In terms of first year value, we’d calculate that one at $900:

$10K spent at 3% cash back (alternative) = $300

With this offer, $10K spent will get you $1,000 + $200 (2% back on $10K spend) = $1,200.

$1,200 – $300 = $900 first year value.

That’s excellent. Note that we do sometimes see an offer of $2K after $50K in the first 6 months. If big spend is not a problem, you could hold out for that. An offer like that usually comes around once or twice a year.

Frank

Thanks, Nick. I don’t have any other Cap One card. Can I hold the $1000 cash back in abeyance at Cap One for sometime later when I get a Venture card? I much prefer miles to cash.

If you do convert them to miles, is that taxable (like cash back)?

Nick Reyes

Neither the miles nor the cash back are taxable. The IRS precedent has been that credit card rewards are a rebate on spend and rebates are not considered income. A bonus earned for referring a friend is treated differently since that is not a spending rebate. Note that this is not tax advice – speak to your CPA about it.

Frank

Thanks, Nick. Can I hold the $1000 cash back in abeyance at Cap One for sometime later, maybe much later, when I get a Venture card?

Frank

Mine offer says $59 for second year fee … a misprint?

Martin Prier

I “had” a capitol one spark card for business with 2% cash back for 4 years. As best I can tell the (one) day before they were to credit my account with the $1500 promotional bonus they killed my account (and my quick silver card as well), informing me that my account was not in good standing and would not be getting the promotion. I had done nothing to warrant the closure (no late payments, no drop in credit score, etc.). However, I did buy GCs to make the spend number of $50k along with lots of other legit spend. They did pay out the first $500 3 months earlier so I feel that it was a wash financially. Beware that they may kill your account on the eve of getting the bonus.

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