Employee cards at no additional cost:
Some of the top business credit cards will charge a fee when cards are added to the account, but one of the benefits of the Capital One® Spark℠Cash card is the ability to add employee cards at no additional cost. In addition to not charging a fee, the Spark Cash card comes with a $50 bonus when you sign up one or more employee cards within the first 60 days of card ownership.
Sign-up bonus easy to earn:
Not all business credit cards offer a sign-up bonus and those that do often require spending thousands of dollars in the first few months of card ownership in order to be eligible. Although the $100 is not enormous, you have three months to hit the comparatively low $1,000 spending requirement. A little extra cash back is always appreciated and these relatively low spending requirements will put the bonus within reach of many organizations.
No balance transfer fee:
The Spark℠Cash card does not charge a balance transfer fee.There are times when it makes sense or becomes necessary to transfer an existing balance to a new credit card. Some business credit cards charge up to $10 or 4% per for every balance transfer. Although it may not be something that is done regularly, getting hit with little fees like this can add up.
No limits or expirations:
Some business credit cards put limits or expirations on the rewards you can earn. With the Capital One® Spark℠ Cashcard, you have the ability to earn unlimited rewards that will not expire for the life of your account. With the 2% cash back offered on all purchases, your rewards have the ability to add up quickly.
Several redemption options:
The Spark℠Cash card provides several ways for you to redeem your rewards. You can receive your cash back automatically with an annual check, or upon request online or over the phone. You can also set automatic disbursements to take place at certain calendar times or when you hit $25, $50, $100, or $200 thresholds. Having some flexibility with how and when you receive your rewards is a great feature.
The Capital One® Spark℠ Cash for Business card requires an annual membership fee of $59. The fee is waived for the first year, and when compared to some of the other credit cards that have fees as high as $175, the $59 is on the less expensive side. However, if you're looking to keep expenses at an absolute minimum, you'll be able to find a business credit card that does not charge an annual fee.
No additional bonus rates:
The Spark℠Cash card offers 2% cash back on all purchases. Having a straightforward method of earning cash back may be preferable for some cardholders; however, with some competitor cards offering between 2-5% cash back for business-specific charges, there may be a credit card option that will result with higher returns, depending on your organization's spending habits.
|Rates and Fees|
|Annual Fee||$59 ($0 for first year)|
|Balance must be paid in full each month||None|
|Cash Advance Fee||$10 or 3% per cash advance|
|Cash Advance Rate (APR)||24.9%|
|Foreign Currency Transaction Fee||None|
|Introductory Rate (APR)||None|
|Standard Rate (APR)||13.9% - 20.9%* Variable|
|Default Penalty Rate (APR)||29.4%|
|Late Payment Fee||Up to $39|
|Minimum Interest Charge||$1|
|Returned Payment Fee||$39|
|Balance Transfer Fees|
|Balance Transfer Fee||None|
|Introductory Balance Transfer Rate (APR)||None|
|Standard Balance Transfer Rate (APR)||13.9% - 20.9%* Variable|
|Additional Rewards for Cell Phone Services||None|
|Additional Rewards for Dining||None|
|Additional Rewards for Gas||None|
|Additional Rewards for Internet Services||None|
|Additional Rewards for Office Supplies||None|
|Additional Rewards for Other||None|
|Additional Rewards for Travel||None|
|Bonus Rewards||$50 bonus when you sign up for one or more employee cards within the first 60 days|
|Rewards Earnings for All Purchases||2% cash back|
|Sign-Up Bonus||$100 after spending $1,000 in the first 3 months|
|Type of Reward||Cash Back|
2:1 Rewards or More The credit card offers 2 Points, 2% Cash Back, or 2 Miles or more for every dollar spent.
Additional 2:1 Rewards Categories The credit card offers 2:1 rewards or more for at least one additional purchase category - like dining, travel, gas, groceries, shopping, or other.
Bonus Offered The credit card offers bonus rewards you can earn throughout the year.
No Blackout Dates There are no blackout travel dates to use your points, miles, or cash back rewards.
No Expiration Your rewards points, miles, or cash back rewards will never expire.
Sign-Up Bonus The credit card offers a sign-up bonus reward.
Unlimited Rewards You can accumulate an unlimited amount of points, miles, or cash back rewards with your credit card.
24/7 Live Service You can speak with a live representative at any time of day about your credit card.
Emergency Support The credit card offers emergency support.
Fraud Liability The credit card offers fraud liability protection.
Free Employee Cards The credit card offers employee cards at no additional cost.
Partner Point Transfer You can exchange your points for equal value with participating partners of the credit card, like hotels or airlines.
Purchase Security You will receive a refund for any item that a retailer doesn't accept as a return within a certain time period.
Spending Reports You can receive reports and/or statements that tracks spending throughout the year.
Exclusive Events You have access to exclusive events with the credit card.
Price Protection You will be reimbursed the difference of any purchase made within a certain time period if you find a lower advertised price.
Redeem for Cash Back Rewards can be redeemed as cash back or statement credit.
Redeem Online You can redeem your points, miles, or cash back rewards online.
Redeem for Airline Travel Rewards can be redeemed for airline travel.
Redeem for Car Rental Rewards can be redeemed for car rental.
Redeem for Gift Cards Rewards can be redeemed for gift cards.
Redeem for Hotel Rewards can be redeemed for hotel.
Redeem for Merchandise Rewards can be redeemed for merchandise.
Redeem for Other Rewards can be redeemed for other categories, such as magazine subscriptions or charity donations.
Apply By Phone You can complete the credit card application process via phone.
Apply In Person You can apply for the credit card live in person.
Apply Online You can complete the entire credit card application process online.
Instant Approval The card offers instant approval for the credit card.
No Balance Transfer Fee The credit card does not have a fee for balance transfers.
Transfer from Credit Cards You can transfer a balance from another credit card.
Transfer from Loans You can transfer a balance from a loan to the credit card.
Introductory Balance Transfer Rate (APR) The credit card offers an introductory balance transfer rate (APR).
Car Rental Insurance The credit card offers car rental insurance.
Extended Warranty The credit card offers an extended warranty on purchases.
Travel Insurance The credit card offers travel insurance.
Flight Insurance The credit card offers flight insurance.
Lost Luggage Insurance The credit card offers lost luggage insurance.
Roadside Assistance The credit card offers roadside assistance.