Best Capital One Spark Business Cards of November 2024

Capital One Spark business card rewards

The rewards structure you experience depends on which Spark business credit card you get.

If you choose a travel business credit card, you can redeem your miles in numerous ways. In most cases, you get the greatest value by redeeming miles for travel through Capital One Travel. However, you can make a one-to-one miles transfer to other loyalty programs partnered with Capital One. For example, 10,000 Capital One miles could be transferred to the Choice Privileges program for 10,000 points.

You could also redeem miles as a statement credit reimbursement for travel expenses, to purchase exclusive Capital One Entertainment tickets or gift cards, or for cash-back statement credits. You can also transfer miles to someone else who has a Capital One card with the same miles program.

If you opt for a cash-back business card, you earn cash rebates with your purchases. The easiest way to redeem cash back is as a statement credit. Note that this doesn’t typically count as your minimum payment due, so you may still need to make that even if your cash back is more than enough to cover it.

You can also request a check from Capital One for your cash back. You can use this to cover a specific recent purchase or transfer it as a payment to you via PayPal. Businesses might use cash back to cover purchases through Amazon or Capital One Travel or the cost of merchandise or gift cards through Capital One programs. Your redemption options may be limited by the rules related to your specific credit card account.

Additional Capital One Spark business card benefits

Your Capital One business credit card also offers perks and benefits designed to help you manage your company.

Here are a few of the benefits:

How to choose the best Capital One Spark business card

Consider your credit situation and business and spending needs to figure out which of the Spark offerings might be best credit card for you.

These are some factors you should think about when choosing a Capital One Spark business card:

• Your credit score: The Spark Classic is an option if you’re still working on building excellent credit, and the Spark Cash Select for good credit may be an option if your score hovers in the high 600s or low 700s. The other cards on this list typically require excellent credit.
• Rewards options: Travel rewards cards make good sense for businesses with a lot of travel expenses. Otherwise, consider one of the cash-back card options.
• Fees and APR: Ensure you understand the costs of account ownership. Check out fee structures, particularly the annual fee, and choose a card with rewards you believe you can maximize to balance out these costs. If you plan to carry a balance, pay attention to APR — lower is typically better.
• Charge card vs. credit card: Charge cards don’t let you carry a balance. Businesses that might need to rely on cards to extend payments over time may want to opt for traditional credit cards.

How to apply for a Capital One Spark business card

You can apply for any of the Spark cards online.

The application is straightforward but does require the following:

• Personal information for the card account owner. You’ll need to enter your full name, contact information, date of birth, Social Security or Tax ID number and basic information about your income.
• Business information. You’ll need to know the business formation type, legal business name and contact information. The application also requires some information about the age of the business, revenue and spending habits.
• Completion of disclosures. You’ll have to attest that you read and agree to disclosures and other details regarding the credit card agreement.

Depending on the card you choose, you’ll need fair, good or excellent credit. It can take up to 10 days to find out if you’re approved, though some approvals may be almost instant. You typically receive your card within two weeks of approval.