The Ultimate Review of Capital One Business Credit Cards
Overview of Capital One Business Credit Cards
Capital One offers a range of business credit cards tailored to different business needs, from earning cash-back to travel rewards. Each card comes with its own set of benefits and potential drawbacks, making it essential to choose the right one for your business. Here, we’ll dive into the specifics of each card to help you make an informed decision.
Capital One Spark Cash Plus
Card Details
- Reward Rate: Unlimited 2% cash back on all purchases; 5% on hotels and rental cars booked through Capital One Travel.
- Welcome Bonus: Earn a $1,200 cash bonus after spending $30,000 in the first three months.
- Annual Fee: $150
- Credit Score: Excellent (750 – 850)
- APR: N/A (charge card, balance must be paid in full each month)
Pros and Cons
Pros
- High 2% cash-back rate on all purchases.
- 5% cash-back on hotels and rental cars booked through Capital One Travel.
- No foreign transaction fees.
- Free employee cards.
Cons
- No intro APR offer.
- Card balances must be paid in full each month.
Venture X Business
Card Details
- Reward Rate: 2 miles per dollar on every purchase; 5 miles on flights and 10 miles on hotels and rental cars booked through Capital One Travel.
- Welcome Bonus: Earn 150,000 bonus miles after spending $30,000 in the first three months.
- Annual Fee: $395
- Credit Score: Excellent
- APR: N/A (charge card, balance must be paid in full each month)
Pros and Cons
Pros
- No preset spending limit.
- Impressive travel benefits, including annual $300 travel credit.
- Free employee cards and virtual cards.
- 10,000 bonus miles each year after the first membership anniversary.
Cons
- High annual fee.
- Full card balance must be paid every month.
Capital One Spark Miles Select for Business
Card Details
- Reward Rate: 1.5 miles per dollar on every purchase; 5 miles per dollar on hotels and rental cars booked through Capital One Travel.
- Welcome Bonus: Earn 50,000 miles after spending $4,500 in the first three months.
- Annual Fee: $0
- Credit Score: Excellent, Good (700 – 749)
- APR: 18.49% – 24.49% Variable
Pros and Cons
Pros
- No foreign transaction fee.
- Miles can be transferred to Capital One’s travel partners.
- No annual fee.
- Free employee cards.
Cons
- No intro APR offer for balance transfers.
- High penalty APR.
Spark Cash Select from Capital One
Card Details
- Reward Rate: 1.5% cash back on all purchases; 5% cash back on hotels and rental cars booked through Capital One Travel.
- Welcome Bonus: Earn $750 after spending $6,000 in the first three months.
- Annual Fee: $0
- Credit Score: Excellent (750 – 850)
- APR: 18.49%, 21.49% or 24.49% Variable
Pros and Cons
Pros
- Unlimited 1.5% cash back on all purchases.
- No annual fee.
- No foreign transaction fee.
Cons
- Excellent credit required.
- Spending requirement to earn the bonus is high.
Capital One Spark Miles for Business
Card Details
- Reward Rate: 2 miles per dollar on every purchase; 5 miles per dollar on hotels and rental cars booked through Capital One Travel.
- Welcome Bonus: Earn 50,000 miles after spending $4,500 in the first three months.
- Annual Fee: $0 intro for the first year; $95 after that.
- Credit Score: Excellent, Good (700 – 749)
- APR: 26.24% Variable
Pros and Cons
Pros
- Free employee cards.
- No blackout dates or seat restrictions.
- Two complimentary visits per year to Capital One Lounges or Plaza Premium Lounges.
Cons
- Sky-high penalty APR.
- High regular APR.
Capital One Spark Classic for Business
Card Details
- Reward Rate: 1% cash back on every purchase; 5% cash back on hotels and rental cars booked through Capital One Travel.
- Welcome Bonus: None
- Annual Fee: $0
- Credit Score: Average, Fair, Limited
- APR: 29.99% Variable
Pros and Cons
Pros
- Free employee cards.
- No foreign transaction fee.
- Applicants with limited or fair credit may qualify.
Cons
- Rewards rate is only 1% with no bonus rewards categories.
- No welcome bonus.
- High APR.
Table of Capital One Business Credit Cards
| Credit Card | Best For | Credit Score | Annual Fee | Welcome Bonus |
|---|---|---|---|---|
| Capital One Spark Cash Plus | Earning Cash-Back | Excellent | $150 | $1,200 cash bonus |
| Venture X Business | High-Limit Business Card Bonus | Excellent | $395 | 150,000 bonus miles |
| Spark Miles Select for Business | No Annual Fee Travel Rewards | Excellent, Good | $0 | 50,000 miles |
| Spark Cash Select from Capital One | Flat-Rate Rewards (Excellent Credit) | Excellent | $0 | $750 |
| Capital One Spark Miles for Business | Flat-Rate Travel Rewards | Excellent, Good | $0 intro for first year; $95 after | 50,000 miles |
| Capital One Spark Classic for Business | Building Credit | Average, Fair, Limited | $0 | None |
Frequently Asked Questions (FAQs)
Which Capital One business credit card is the best for my business?
The best card for your business depends on your spending habits and reward preferences. For instance, if you prioritize cash-back, the Capital One Spark Cash Plus might be the best fit. If travel rewards are more your style, consider the Venture X Business or Capital One Spark Miles for Business.
Do I need good personal credit to get a business credit card?
Yes, Capital One requires a good personal credit score for its business credit cards. Your personal credit guarantees the credit line for the business card.
How is a business credit card different from a personal credit card?
A business credit card is designed specifically for business expenses and often includes features like free employee cards and expense management tools. Business credit cards can also help build business credit.
Comparison of Card Rewards
Cash Back Rewards
| Card | Cash Back Rate |
|---|---|
| Capital One Spark Cash Plus | 2% on all purchases |
| Spark Cash Select from Capital One | 1.5% on all purchases |
Travel Rewards
| Card | Miles Rate |
|---|---|
| Venture X Business | 2 miles per dollar; 5 miles on flights; 10 miles on hotels and rental cars booked via Capital One Travel |
| Capital One Spark Miles Select for Business | 1.5 miles per dollar on every purchase; 5 miles on hotels and rental cars booked through Capital One Travel |
| Capital One Spark Miles for Business | 2 miles per dollar on every purchase; 5 miles on hotels and rental cars booked through Capital One Travel |
Capital One offers a variety of business credit cards catering to different business needs, whether you’re looking for cash-back, travel rewards, or building credit. Each card has its own set of benefits and potential drawbacks, so it’s crucial to evaluate your business’s specific requirements before making a decision.
Choosing the right business credit card can significantly impact your business’s financial health and rewards strategy. Evaluate your needs, compare the features, and select the card that aligns best with your business goals.
