Capital One Spark Cash Select for Excellent Credit is a solid business rewards credit card with no annual fee. New cardholders who charge
$6,000 to the card within
3 months of opening an account get a
$750 bonus. All users also earn
1.5% cash back on all purchases, with no rewards limit. Small business owners with a credit score of
750 or higher should have good odds of approval.
Those are the most important factors to take into account if you’re thinking about applying for the
Spark Cash Select for Excellent Credit. Below, you can find additional details that should come in handy, too.
Capital One Spark Cash Select for Excellent Credit Review Highlights: - Great initial bonus. Spark Cash Select for Excellent Credit gives $750 for spending $6,000 within 3 months of opening an account. So if you plan on charging $2,000 per month to your company credit card account, Spark Cash Select for Excellent Credit figures to be one of the most rewarding offers available to you. The market-average initial bonus is $228.
- Solid, but not fantastic, ongoing rewards. This card offers 1.5 - 5% cash back on purchases. Specifically, cardholders can earn 5% cash back on hotels and rental cars booked through Capital One Travel, as well as 1.5% cash back on all other purchases. That said, Spark Cash Select for Excellent Credit is a bit more rewarding on a regular basis than the average cash rewards card, which gives you 1.15% back on all purchases. But there are dozens of cards (both business and personal) offering at least 1.5% cash back across the board. So this earning rate is far from special.
- One of four Spark cards with no annual fee. Spark Cash Select for Excellent Credit, Capital One Spark Cash Select for Good Credit (see Rates & Fees), Capital One Spark Miles Select for Business and Capital One Spark Classic for Business (see Rates & Fees) cards do not charge annual fees. That makes them $22.29 per year cheaper than the average credit card.
- High regular APR. Spark Cash Select for Excellent Credit doesn’t offer a 0% intro APR and its regular APR is above the market average for excellent-credit credit cards. As a result, Spark Cash Select for Excellent Credit might not be the best card to carry a balance from month to month with.
- Excellent credit required for approval. You need at least excellent personal credit to qualify for Spark Cash Select for Excellent Credit. So check your credit score for free on WalletHub and make sure you aren’t leaving more valuable offers on the table before submitting an application.
The other important thing to point out about
Spark Cash Select for Excellent Credit is that it has a lot of tough competition, from business credit cards with
rewards,
no annual fee or both. So be sure to compare offers to ensure you get the best deal.