Capital One Spark Money overview
*Card score is predicated on the opinion of TPG’s editors and isn’t influenced by the cardboard issuer.
Money-back bank cards give companies the last word flexibility. The money again can be utilized to e book journey, pay bills or purchase something helpful to the enterprise.
The Spark Money is a revamped model of the discontinued Spark Money for Enterprise. It offers companies a vast 2% cash-back bank card choice with a hard and fast credit score line, not like the same Capital One Spark Money Plus card, which has no preset credit score restrict and should be paid in full each month.
The Spark Money has an introductory $0 annual payment within the first 12 months and a $95 annual payment thereafter.
The TPG beneficial credit score rating for this card is 740 or greater. Nonetheless, it could be attainable to get permitted with a decrease rating.
Let’s dive into whether or not the Spark Money needs to be in your online business’s pockets.
Capital One Spark Money professionals and cons
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Capital One Spark Money welcome provide
That is one in all one of many higher welcome affords we sometimes see on a cash-back enterprise card. That stated, smaller companies will need a strong technique to satisfy the spending requirement.
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Associated: The very best time to use for these standard Capital One bank cards based mostly on provide historical past
Capital One Spark Money advantages
Regardless of having an annual payment after the primary 12 months, the Spark Money severely lacks standout advantages and leaves a lot to be desired.
The Spark Money consists of advantages like free worker playing cards and itemized year-end summaries that will help you handle your online business.
Whereas these advantages aren’t eye-popping and are commonplace on most enterprise playing cards, they could possibly be helpful for many companies. Past that, this card does not provide a lot to justify having a $95 annual payment after the primary cardmember 12 months.
Associated: The way to apply for a Capital One enterprise bank card
Incomes money again on the Capital One Spark Money
Simplicity is the secret with incomes money again on the Spark Money. You may earn limitless 2% money again on all eligible purchases.
Plus, cardholders will earn 5% money again on lodges and rental vehicles booked by way of Capital One Journey.
For enterprise house owners who need to hold their earnings easy, this can be a first rate card to think about. Getting no less than 2% again on your entire purchases is a strong return in your spending.
Associated: Capital One miles: The way to earn, redeem and switch rewards
Redeeming money again on the Capital One Spark Money
Redeeming money again on the Spark Money is easy. Capital One permits you to redeem your rewards for any quantity so you’ll be able to tailor your redemptions to satisfy your online business’s wants.
Whereas cash-back is not as profitable as incomes factors and miles, many individuals favor it for its simplicity and ease. Even in case you’re a factors and miles fan, having a cash-back card available is beneficial for instances when you do not have quite a lot of journey deliberate.
Associated: How to decide on a cash-back bank card
Which playing cards compete with the Capital One Spark Money?
If you wish to earn transferable rewards or higher advantages and perks, or in case you do not need to have an annual payment past the primary cardmember 12 months, there are different playing cards that compete with and even outclass the Spark Money that you could be need to take into account.
- When you favor no annual payment: The American Specific Blue Enterprise Money™ Card has no annual payment (see charges and charges) and earns limitless 2% money again on all purchases (on as much as $50,000 per 12 months, then 1% thereafter). To be taught extra, learn our full evaluate of the Blue Enterprise Money card.
- When you favor incomes transferable factors: The Ink Enterprise Most well-liked® Credit score Card has a $95 annual payment and earns 3 Final Rewards factors per greenback on the primary $150,000 spent in mixed purchases every year on journey; delivery purchases; web, cable and telephone companies; and promoting purchases made with social media websites and serps (and 1 level per greenback on all different purchases). These Final Rewards factors may be redeemed for outsize worth by using Chase’s wonderful roster of switch companions. To be taught extra, learn our full evaluate of the Ink Enterprise Most well-liked card.
- If you’d like lounge entry: The Capital One Enterprise X Enterprise carries a $395 annual payment (see charges and charges) and earns no less than 2 miles per greenback spent on all purchases, which might redeemed with Capital One’s intensive community of 15-plus switch companions. Cardholders obtain nice lounge entry, a $300 Capital One Journey portal assertion credit score, 10,000 bonus miles each account anniversary, and strong journey protections and perks. To be taught extra, learn our full evaluate of the Enterprise X Enterprise.
For extra choices, take a look at our full record of the most effective enterprise playing cards.
Associated: Is the Enterprise X Enterprise value it?
Is the Capital One Spark Money value it?
The Spark Money is a good enterprise providing that earns a vast 2% money again. Nonetheless, with lackluster advantages and an annual payment after the primary 12 months (see charges and charges), companies is perhaps higher suited with one other card, particularly contemplating there are different playing cards that provide 2% money again with higher advantages with out an annual payment.
Backside line
If you’d like a enterprise card that gives an easy-to-remember limitless 2% money again, the Spark Money is a strong choice. Regardless of its simplicity, it’s restricted by its mediocre advantages and an annual payment after the primary 12 months.
If you wish to earn transferable rewards or greater cash-back charges in broad classes, you may need to take into account one other enterprise card.
Apply right here: Capital One Spark Money for Enterprise
Associated: Causes to get a enterprise bank card
For charges and charges of the Blue Enterprise Money, click on right here.
For Capital One merchandise listed on this web page, a number of the advantages could also be offered by Visa® or Mastercard® and will differ by product. See the respective Information to Advantages for particulars, as phrases and exclusions apply.
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