Spark Cash Select from Capital One review | finder.com

Spark® Cash Select from Capital One® review – June 2019

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Spark® Cash Select from Capital One®

Get 1.5% cash back on all purchases with this no-frills business card.

  • Get this card if you want cash back without paying an annual fee.
  • Pick something else if you want travel rewards.
  • Apply with an excellent credit score of 670 or higher.
Product NameSpark® Cash Select from Capital One®
Card TypeVisa
Annual Fee$0
Standard Purchase APR15.24%, 19.24% or 23.24% variable
Intro Purchase APR0% for the first 9 months (then 15.24%, 19.24% or 23.24% variable)
Standard Balance Transfer APR15.24%, 19.24% or 23.24% variable
Intro Balance Transfer APR

N/A

Cash Advance Rate25.24% variable
Cash Advance Fee$10 or 3% of the cash advance amount, whichever is greater
Foreign Transaction FeeNone
Interest Free PeriodUp to 25 days
Late Payment FeeUp to $39
Additional Cardholder Fee$0
Minimum Age18 years of age
Welcome OfferEarn a one-time $200 cash bonus once you spend $3,000 on purchases within the first 3 months from account opening
Base Rewards1.5% cash back
Rewards Points ExpiryNever

The basics

The Spark® Cash Select from Capital One® is a simple but effective card, offering a flat cashback rate on all spending. It’s a good pick if your spending is spread evenly throughout many categories. And with no annual fee, it can be a great business tool if you’re on a budget.

Another business cashback card

SimplyCash® Plus Business Credit Card from American Express

  • Special offer: save on interest with a 0% intro APR on purchases for 15 months; after that your APR will be a variable rate, currently 14.49% - 21.49%
  • No annual fee
  • Reinvest in your business with automatic cash back in the form of a monthly statement credit. Plus take control by choosing the 3% category that best fits your business
  • Earn 5% cash back on the first $50,000 spent at wireless telephone services purchased directly from U.S. service providers and U.S. office supply stores.
  • Earn 3% cash back on the first $50,000 spent in the category of your choice from a list of eight and 1% cash back on other purchases
  • With Expanded Buying Power you can spend beyond your credit limit* to make bigger purchases for your business plus earn cash back on those purchases too
  • *The amount you can spend above your credit limit is not unlimited. It adjusts with your use of the card, your payment history, credit record, financial resources known to us, and other factors
  • Terms apply
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The perks

  • Annual fee: None.

    When expenses are tight, rest easy knowing you won’t pay an annual fee for the Spark® Cash Select from Capital One®. You can get the card and keep it long term without feeling pressured to offset its cost with the rewards you earn.

    Many business credit cards come with annual fees. In that regard, the Spark® Cash Select from Capital One®‘s $0 annual fee stands out.

  • Signup bonus: $200 cash bonus.

    When you spend $3,000 on purchases within the first 3 months of opening your account, you’ll earn a $200 cash bonus.

    This is a low signup bonus compared to other business credit cards. Still, most business credit cards with great signup bonuses also come with annual fees.

  • Intro APR: 0% for 9 months on purchases.

    For the first 9 months after opening your card, you’ll receive a 0% intro APR on purchases. After that, you’ll receive a purchase APR of 15.24%, 19.24% or 23.24% variable depending on your credit.

  • Rewards: 1.5% cash back on every purchase.

    This flat rewards rate is the highlight of the card. If you’re tired of keeping track of different reward tiers, you’ll like the simplicity of the Spark® Cash Select from Capital One®.

    Your cash back won’t expire, and there’s no minimum to redeem it.

You’ll also like …

  • No foreign transaction fees.

    You won’t incur fees when you use your card abroad or at foreign websites. Typically, providers charge a 3% fee each time you use your card for an international transaction. It doesn’t sound like much, but it can add up over a trip spanning several days.

    Since the Spark® Cash Select from Capital One® comes with 0% foreign transaction fees, it’s an excellent choice for vacations or business trips.

  • Add employee cards at no cost.

    You can add employees to your card account for free and earn rewards on their spending.

  • Travel benefits.

    When you rent an eligible car with your Spark® Cash Select from Capital One® card, the vehicle will be covered against collision or theft.

    Also, get access to Visa emergency services like legal or medical referrals, ticket replacement and other forms of travel assistance.

  • Purchase security and extended protection.

    Eligible items you buy with your Spark® Cash Select from Capital One® are covered against theft or accidental loss. Also, enjoy extended warranties on eligible purchases.

What to watch out for

  • Potentially high APR.

    Your ongoing APR for purchases and balance transfers could be as high as 23.24% variable depending on your credit.

  • No intro APR for balance transfers.

    The Spark® Cash Select from Capital One® offers a 0% intro APR for purchases only.

  • Penalty APR.

    If you make a late payment, Capital One may raise your purchase, balance transfer and cash advance APR to 31.65% variable. This is known as a penalty APR. Capital One may apply this rate to your account indefinitely.

Compare business credit cards

Updated June 20th, 2019
Name Product Rewards Purchase APR Annual Fee
N/A
0% for the first 20 billing cycles (then 12.24% to 20.24% variable)
$0
Enjoy a market-leading 0% intro APR on purchases and balance transfers for the first 20 billing cycles, reverting to a variable 12.24% to 20.24% APR. Rates & Fees
5% back at US office supply stores and on US wireless telephone services on up to $50,000 annually (then 1%). 3% on a chosen category on up to $50,000 annually, then 1% after and on everything else
0% for the first 15 months (then 14.49% to 21.49% variable)
$0
Save on interest with a 0% intro APR on purchases for 15 months. After that your APR will be variable. Rates & fees
2x points on everyday business purchases on up to $50,000 annually, then 1x points
0% for the first 12 months (then 15.49% to 21.49% variable)
$0
Earn 2x Membership Rewards® points on everyday business purchases on up to $50,000 with no category restrictions. Rates & fees
12x points at Hilton, 6x points on select business and travel and 3x points on all other purchases
17.99% to 26.99% variable
$95
Earn 125,000 Hilton Honors Bonus Points after you spend $3,000 in eligible purchases within the first 3 months of card membership. Rates & fees
2x miles on Delta purchases and 1x miles on all other purchases
0% for the first 6 months (then 17.99% to 26.99% variable)
$0 intro annual fee for the first year ($95 thereafter)
Earn 70,000 bonus miles after you make $4,000 in purchases on your new card within your first 3 months. Plus earn $50 after you make your first Delta purchase in the same timeframe. Rates & fees
4x points on two categories on up to $150,000 combined annually, then 1x points after that and on all other purchases
16.49% to 24.49% variable
$295
Earn 35,000 Membership Rewards® points after you spend $5,000 on eligible purchases with the Business Gold Card within the first 3 months of card membership. Rates & fees
5x points on flights and prepaid hotels through Amex Travel, 1.5x points if you spend $5,000 on a single eligible purchase on up to 1 million additional points per year and 1x points on all other purchases
N/A
$595
Earn 50,000 points after spending $10,000 and an extra 25,000 points after spending an additional $10,000 on purchases in the first 3 months from account opening. Rates & fees
2x points on purchases through Amex Travel and x points on all other purchases
N/A
$0 intro annual fee for the first year ($95 thereafter)
Earn 5,000 Membership Rewards® points after your first purchase on the card within the first year of card membership. Rates & fees
1.5% discount when you pay early
N/A
$0 intro annual fee for the first year ($250 thereafter)
Get a 1.5% discount when you pay early, with no cap on what you can earn back. Rates & fees
6x points at Marriott Bonvoy, 4x points at US restaurants, US gas stations and on US wireless telephone and shipping services, 2x points on all other purchases
17.99% to 26.99% variable
$125
Earn 75,000 bonus points after you use your new card to make $3,000 in purchases within the first 3 months of card membership. Rates & fees
2x miles on direct Delta purchases and 1x miles on all other purchases
0% for the first 6 months (then 17.99% to 26.99% variable)
$450
Earn 80,000 bonus miles and 5,000 Medallion Qualification Miles (MQMs) after you spend $6,000 in purchases on your new card in your first 3 months. Rates & fees
2x miles on direct Delta purchases and 1x miles on all other purchases
0% for the first 6 months (then 17.99% to 26.99% variable)
$195
"Earn 5,000 Medallion Qualification Miles (MQMs) plus 80,000 bonus miles after spending $6,000 in the first 3 months. In addition, earn a $100 statement credit after you make a Delta purchase with your new Card within your first 3 months. Rates & fees
7x points on rideshares, 4x on Brex Travel, 3x at restaurants, 2x on software subscriptions and 1x points on all other purchases
N/A
$0
The first corporate card for startups. No personal liability or security deposit needed, meaning your personal credit score won't be affected.
N/A
N/A
$0
60-day interest-free financing for e-commerce businesses.
3x on travel, shipping, Internet, cable, phone and online ads up to $150,000 combined annually; then 1x after and on all other purchases
18.24% to 23.24% variable
$95
80,000 bonus points after you spend $5,000 on purchases in the first 3 months after account opening. That's $1,000 toward travel rewards when you redeem through Chase Ultimate Rewards®
5% on office supplies, Internet, cable and phone up to $25,000 combined annually; 2% on gas and dining up to $25,000 combined annually; 1% on all other purchases
0% for the first 12 months (then 15.49% to 21.49% variable)
$0
$500 bonus cash back after you spend $3,000 in the first 3 months

Compare up to 4 providers

What size business is the Spark® Cash Select from Capital One® good for?

The no-annual-fee Spark® Cash Select from Capital One® can be a good choice for businesses of all sizes. Because it offers 1.5% cash back on all purchases, it’s probably most effective if your business spends evenly in a variety of categories.

If your business has a high volume of spending in specific categories, you might earn more rewards from a different card. For example, the Ink Business Preferred℠ Credit Card offers 3x points in categories like travel, shipping purchases and select online advertising on up to $150,000 in combined purchases each card year, then 1x points after that. And if you take a lot of business flights, you might like an airline credit card.

What should I know before I apply?

To apply for the Spark® Cash Select from Capital One®, you must be:

  • At least 18 years old.
  • A resident of the US or a US military location.

Information you’ll need

To complete the application, you’ll need to provide information about yourself and your business, including:

  • Your name, residential status and residential address.
  • Your Social Security number.
  • Your email address, phone number and date of birth.
  • Financial information like your annual income and source of income.
  • The name of your business, its mailing address and its employee count.
  • Your years in business and annual business revenue.
  • Your tax identification number.

What credit score do I need?

You’ll have a better chance of being approved for the Spark® Cash Select from Capital One® if you apply with an excellent credit score of 670 or higher.

If you have a healthy business and excellent credit, your likelihood of approval is strong. Here are a few other factors that might affect your odds of approval:

  • Hard pulls on your credit report. If you have several hard inquiries — or hard pulls — on your report, it could imply you’re having trouble managing your debt. Capital One might think you’re desperate for credit and may be less likely to take you on as a customer.
  • Factors that tie into your credit score. Your credit utilization is a major factor Capital One considers. The bank prefers a customer with low balances relative to their credit limit. Having many new card accounts may be a red flag too, as it could indicate you’re desperate for credit. It may also give the impression that you’re a flighty customer who’s just hunting for signup bonuses.

What do customers say about the Spark® Cash Select from Capital One®?

Customers are typically impressed with the card’s cash back. Some note that the card is well suited for small and mid-sized businesses.

The Capital One Financial Corporation has been accredited with the Better Business Bureau since 1995 and earns an overall A+ rating as of June 2018. However, over 90% of its customer reviews are negative, with many cardholders having issues disputing fraudulent charges and making payments.

The company earns a Trustpilot score of 4.6 out of 10. Many negative reviews cite poor customer service for account issues such as bill pay and penalty fees. Other reviews say Capital One offers good cardholder benefits and friendly service. Overall, your mileage may vary with Capital One customer support.

How to apply for the Spark® Cash Select from Capital One®

  1. Go to the Capital One website and click Apply now.
  2. Complete the application with details like your name, address, annual income, Social Security number and business information.
  3. Review and submit your application.

How long will it take to get my Spark® Cash Select from Capital One®?

Because conditional credit approval is automated on the website, you may get a decision on your application within a few minutes. If more information is needed from you, it may take a few business days up to a few weeks.

After you’re approved, you’ll typically receive your card within seven to 10 business days.

I got the card. Now what?

  • Track your spending. Monitor your spending and payments online 24/7.
  • Avoid fees. Avoid late fees of up to $39 by setting up automatic payments for billing statements.
  • Earn more rewards with your employees’ help. Earn extra rewards by adding employees to your card account as authorized users.
  • Contact customer service. Call Capital One at 1-800-867-0904 or by signing in to your Capital One account online if you run into any issues with your card.

Bottom line

The Spark® Cash Select from Capital One® keeps things simple with 1.5% cash back on all purchases and a $0 annual fee. It’s a solid pick if you want a no-frills card that rewards a variety of spending.

If you’re not convinced this is the card for your business, compare your options with our guide to business credit cards.

Frequently asked questions about the Spark® Cash Select from Capital One®

Images: capitalone.com

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