Capital One Spark Cash no longer showing up on personal reports for new cardholders

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HelpMeBuildCredit.com reported yesterday that Capital One® Spark® Cash for Business cards will no longer report to personal credit bureaus. We were able to confirm through a Capital One spokesperson that for new Spark Cash customers starting 10/20, Capital One will no longer report to personal credit bureaus as long as an account remains in good standing. That is great news for those looking to stay under 5/24 while picking up new cards.

One of the advantages of applying for business credit cards is that, in many cases, those accounts are not reported to personal credit bureaus. This is useful because it means that your use of the cards will not count against your utilization percentage and will not add to the 5/24 count that Chase uses in its credit card approval process.

Unfortunately, Capital One business cards have long been an exception to the rule: unlike most banks, Capital One has long reported its business cards to personal credit bureaus.

The change here only applies to Spark Cash cardholders and only to new card holders as of 10/20 whose accounts remain in good standing.

Still, that’s a useful tidbit of knowledge to keep in mind as Capital One occasionally offers excellent increased bonuses and in the case of the Spark Cash card this would make an increased bonus all the more appealing.

This news will likely mean a change to Greg’s theoretical plan for a beginner with a business since it would suddenly be worth considering the Spark Cash for a beginner, particularly in times when we see an increased welcome bonus.

Keep in mind that Capital One can be tough on approvals. Many readers who have opened a lot of credit cards have reported being unable to get approved for Capital One cards. It’s also worth noting that Capital One pulls reports from all three credit bureaus, so you’ll take three hard pulls whether approved or declined. Still, for those with a relatively thin profile, it can be worth a gamble. My wife had a fair number of cards already when she was approved for a Capital One Spark Cash card, so it isn’t impossible to get approved even if very unpredictable. This new development may certainly make it worth a shot though for more people.

See current Spark Cash Business bonus information here:

Card Offer and Details
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

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MICHAEL A KIRKPATRICK

So can I hold the old spark cash card and the new one at the same time and will I receive the new sign up bonus as well?

Todd

Nick, Could you PC to the spark miles card and keep it off your report after the fact?

Sam

As of now this will not work (per cap1 executive)

Jason Morgan

There was a redditor was said they are now pulling 2 bureaus.

Konstantin

What about Miles Business Card?

Stephen

I just applied today and received a bunch of notifications (Experian, Mint, Capital One, etc) that there was a change to my credit report indicating a personal credit pull.

brteacher

Yes, of course they will pull your personal credit reports to evaluate you for approval. What this article is about is monthly credit reporting. That matters a lot to people who want to keep their number of new personal accounts low (for example, Chase only considers applicants with less than five new personal accounts in the prior 24 months).