The
Capital One Spark Cash Select for Good Credit is a good credit card for small business owners who have a good credit score and want to earn rewards long-term but have some big-ticket purchases to finance in the short term. The
Spark Cash Select for Good Credit offers an introductory APR of
0% for 12 months, rewards cardholders with
1.5 - 5% cash back on purchases, and has a
$0 annual fee.
Below, you can find more information that should help you decide whether or not to apply for the
Capital One Spark Cash Select for Good Credit offer.
Capital One Spark Cash Select for Good Credit Review Highlights
0% for 12 months on new purchases
This offer could produce some savings on interest, but it’s about average as far as 0% APR credit cards are concerned. Among new credit card offers, 0% intro APRs last for an average of
11 months.
If you don’t mind managing multiple accounts, you could get one card for a low interest rate and another for rewards. This would allow you to focus on getting the best possible terms for both types of transactions. Just give some time between applications.
1.5% cash back on all purchases
This card’s rewards are great for people who like to keep things simple and don’t want to worry about bonus categories or limits. Instead, cardholders simply earn about 30% more than average for a cash rewards card, with no earning limit and no rewards expiration as long as the account is open. On top of that, cardholders can earn
5% back on hotels and rental cars booked through Capital One Travel.
There is no initial bonus, however. If you’d rather earn an initial rewards bonus than get a 0% introductory APR and have
excellent credit, the other version of this card is better for you. It’s called the
Capital One Spark Cash Select for Excellent Credit.
$0 annual fee
Not having to worry about paying an annual fee might make this card more appealing to some business owners, and it will save you
$22.29 per year compared to the average credit card offer.
When comparing credit card offers, however, a card’s net value – what you get in return for what you pay – is what really matters. In other words, cards with no annual fee aren’t automatically better than those that charge fees.
Free employee cards
You can get authorized-user cards for employees that also have
$0 annual fees and give
1.5% cash back on all purchases. You get to set custom spending limits for these cards, too.
$0 foreign transaction fees
This card won’t cost you extra if you use it to make purchases through international merchants or suppliers. The average credit card offer has a foreign fee of
1.56%.
Secondary benefits
The
Capital One Spark Cash Select for Good Credit offers
extended warranty protection and roadside assistance, among other perks. For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.
21.24% - 29.24% (V) regular APR
The exact rate you receive will be assigned based on your overall creditworthiness. In any case, it’s best not to carry a balance from month to month with this card after its 0% intro offer expires.
For context, the average APR among business credit card offers is currently
22.15%.
700+ credit score required
The
Capital One Spark Cash Select for Good Credit requires at least a
good credit score for approval, which equates to
700+. You can
check your latest credit score for free on WalletHub.
Note: This review is not provided, commissioned or endorsed by any issuer. Opinions and ratings are our own.