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Home > Credit Cards > Capital One® Sparksm Cash Select for Business

Capital One® Sparksm Cash Select for Business

Snapshot of Card Features:

  • Get a 50% bonus on the cash back you earn every year
  • Earn 1% cash back on every purchase, every day
  • Save with 0% intro APR on all purchases until December 2013
  • Enjoy no annual fee
Intro AprBalance TransferOngoing APRAnnual FeeCredit Needed
0% intro on purchases until December 201312.9-20.9% (V)12.9-20.9% (V)$0Excellent
 

Our Expert Review

Rates & Term Details

Complete Card Details
For the complete terms and conditions, view this card's Schumer Box

What is a Schumer Box?
A Schumer Box includes the following rate and term information for all credit cards:

  • Annual Percentage Rate (APR) for purchases (or interest rate)
  • Other APRs - interest rates for balance transfers, cash advances, default, etc.
  • Variable rate information (if applicable)
  • Grace Period
  • Finance calculation method
  • Finance Charges
  • Annual Fee (if applicable)
  • Other fees - transaction fees, balance transfers, cash advances, late payments, over-limit, etc.

Important
Always read the terms and fees disclosure provided by the credit card issuer on their site before applying. The issuing bank's terms may include more detailed or updated information than presented here.

Notes
*View Capital One® Sparksm Cash Select for Business card rates, fees, rewards and other important information.


- May, 2013

The Capital One® Sparksm Cash Select for Business credit card offers small business owners a generous-and easy to redeem-cash back rewards program. You also get excellent management tools to help you run your business effectively.

Benefits

At year-end, you get a free report that breaks down your expenses by category. You have the ability to set spending limits for each employee and see their expenses on an itemized statement. And you can customize your card with your company's logo.

Rewards

You earn 1 percent cash back on all your purchases. On your membership anniversary each year, you'll earn a bonus that equals 50 percent of the rewards you earned in the prior year. There are no limits to the amount of cash you can earn and the rewards don't expire. You can redeem your cash rewards upon request. You can also set up an automatic redemption schedule for when you reach certain thresholds, such as $25 or $50. Or you can wait until your membership anniversary and Capital One will automatically send you a check.

Balance Transfers

Balance transfers carry a 12.9%-20.9% variable APR. There's no balance transfer fee.

Rates

The Capital One® Sparksm Cash Select for Business credit card offers a zero percent introductory APR through December 2013. After that, this card carries a 12.9 percent to 20.9 percent variable APR. Cash advances carry a 24.9 percent (V) APR with a 3% fee of the amount of the cash advance, but not less than $10. There's no annual fee. There are no foreign transaction fees.

Who Should Apply

Small business owners who are looking for a solid cash back rewards program. This is also a great card for business owners who travel overseas since there are no foreign transaction fees.

Credit Standing

You need an excellent credit score, to qualify for this card.

Author

About Credit.com's Credit Cards and Prepaid Cards:

You may be able to build, rebuild, or reestablish your credit history by making on time monthly payments to all creditors and by maintaining all your balances under the credit limits. From premium reward cards to accounts that help you rebuild your credit, we have the credit card for you! If your future goals include owning a home, buying a car, owning your own business, or traveling, having a credit card can be an excellent first step. With credit card services from leading issuers like American Express, Bank of America, Capital One, Chase, Citibank, Discover, First PREMIER® Bank, HSBC Bank, IBERIABANK, MasterCard, Simmons First and Visa, you can find the best credit card for you at Credit.com.

The key to success with credit cards is to know how to use them to your advantage and not to get caught up in the traps that lurk behind the benefits. Credit.com offers many kinds of credit card benefits, from airline and gas rewards to cashback cards, and the first step is filling out a credit card application online. You can also apply for specialty credit cards, such as student credit cards or business credit cards. Credit.com also offers credit cards for the United Kingdom and Canada.

In addition to credit cards, Credit.com offers three other card options that can provide excellent choices for people with less-than-perfect credit: Prepaid cards from Mastercard and Visa allow you to load money onto the card and then use it like any other major credit card. They require no credit approval and carry the same fraud protection as the regular cards. But fees can be high, so be sure to shop carefully for a prepaid card.

Secured cards require you to open a bank account and deposit funds in a bank account (security deposit) in case you can't pay the bills. You'll get a major credit card you can use anywhere those types of cards are accepted. Shop carefully for a secured card to avoid costly fees.

Debit Cards issued under the Visa card or Mastercard name can be widely used and carry fraud protection. But if your card number is stolen and used, you'd want to find out immediately. Otherwise, you could bounce checks. One strategy: Have two checking accounts and associate your debit card with the one with the small balance. Just transfer the purchase amount into the account before you buy something with the card.

  

*For complete information, see the terms and conditions on the credit card issuer's web site. Once you click to apply for this card, you will be directed to the issuer's website where you may review the terms and conditions of the card before applying. While Credit.com always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

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The Pros and Cons of Prepaid Cards

Prepaid cards offer the convenience of a credit card without the difficult approval process or risk of getting into debt. These cards work a lot like a gift card, you will have to load the account with cash (direct deposit is usually available) before you can use it for a purchase

Prepaid cards are not credit cards; you cannot spend more than the balance you have deposited and you will not be charged interest for your spending. The prepaid account will not be reported to the credit bureaus as a credit card.

Pros:
Cons:

Fees and charges can vary significantly between different prepaid credit card offers. Be sure to read the fee schedule for the prepaid credit card before you apply.


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