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Best Capital One Business Credit Cards Comparison
Card Name | Best For | Annual Fee |
Capital One Spark 2% Cash Plus * | Overall | $150 |
Capital One Spark Miles for Business (see Rates & Fees) | Travel Rewards | $0 intro for 1st yr, $95 after |
Capital One Venture X for Business * | Initial Bonus | $395 |
Capital One Spark Cash Select for Excellent Credit (see Rates & Fees) | Cash Back & No Annual Fee | $0 |
Capital One Spark Cash Select for Good Credit (see Rates & Fees) | 0% APR | $0 |
Capital One Spark Classic for Business (see Rates & Fees) | No Credit | $0 |
The best Capital One business credit card is Capital One Spark 2% Cash Plus * because it offers an initial bonus of $1,200 for spending $30,000 in the first 3 months and doesn’t let up in terms of ongoing rewards, giving 5% cash back on hotel and rental cars booked through Capital One Travel, as well as 2% cash back on all other purchases. The card is easily worth its $150 annual fee as a result. The Capital One Spark Miles for Business also offers a good deal, just with miles instead of cash back. But everyone can use cash back, while lots of small business owners don’t travel a lot.
Of course, the answer will be a bit different if you don’t have good or excellent credit. That’s what all but a couple of Capital One business credit card require. The lone option for less-established owners is the Capital One Spark Classic for Business, which you can get even with limited credit.
In general, Capital One’s business credit cards are best for purchases you’ll pay off by the due date each month. In general, business cards are bad for financing because issuers can raise the rate on a balance you’re carrying from month to month at any time. That’s why we included a personal card in the 0% APR category. Using such a card for big-ticket business expenses won’t increase your personal liability, as you’re personally liable for debt on nearly all business credit cards anyway.
Methodology for Selecting the Best Capital One Business Credit Cards
To identify the best Capital One credit cards for business, WalletHub’s editors routinely compare all of the Capital One credit cards in our database of 1,500+ credit card offers based on key WalletHub Rating components. We focus on Capital One cards branded for business use, but we also consider stand-out credit card offers intended for consumers where appropriate.
Our goal in comparing these cards is to determine how much money each would save the average small business owner over years of use. We use different spending profiles to do these calculations, based on data from the Bureau of Labor Statistics, which allows us to select the best cards for business owners with different types of needs.
How Two-Year Cost Is Calculated
Two-year cost is used to approximate the monetary value of cards for better comparison and is calculated by combining annual and monthly membership fees over two years, adding any one-time fees or other fees (like balance transfer fees), adding any interest costs, and subtracting rewards. Negative amounts indicate savings. When fees or other terms are presented as a range, we use the midpoint for scoring purposes.
Rewards bonuses and credits have been taken into account for two-year cost calculations. However, bonuses applicable to only a very small portion of cardholders are not considered. For example, credits and bonuses awarded for spending or redeeming rewards through a company portal with non-co-branded cards have not been taken into account. Similarly, bonuses and credits related to spending with specific merchants using a non-co-branded card have not been taken into account (for example, if Card A offers credits with DoorDash, this feature would not be factored into calculations because it is hard to assess how many cardholders would use the benefit or exactly how much value they'd get from it).
Cardholder Spending Profiles
Given that different users have different goals and are likely to use their credit cards differently, we identified spending profiles that are representative of different users’ financial priorities and behaviors. For each cardholder type, we have assumed a specific amount of monthly spending by purchase type (e.g., groceries, gas, etc.), as well as an average balance, balance transfer amount, amount spent on large purchases and average monthly payment. Spending assumptions are based on PEX data.