Capital One Business Credit Card Comparison: Variable APRs and Unlimited Rewards

Learn how a Capital One credit card can help your business.

When you’re trying to get your business started or take it to the next level, a business credit card can help you meet your goals. As a bonus, many of some business cards offer rewards for your purchases. You can buy the things you need and rack up bonuses or cash toward things you want at the same time — like free airline miles or that fancy espresso machine you’ve been eyeing.

Compare the business credit cards Capital One has to offer to see if their options are some of the best deals and bonuses available to you.

Capital One Business Credit Card Review

Unlike a secured credit card that requires a cash deposit, such as a personal Capital One Mastercard, each of Capital One’s Visa business credit cards is designed to help business owners purchase supplies and inventory now and pay later. All of the cards offer business rewards, and customers can get an extra level of card security from the SureSwipe app, a tool that works by replacing passwords with custom patterns.

Capital One Business Credit Card Products and Services

Before selecting a Capital One business card, you’ll want to compare credit cards to determine which one is best for your circumstances. “Maximizing the benefits of a business card can have a major impact on your bottom line and to the long-term success of your business,” said Matt Vischulis, VP of product management, small business card, Capital One.

“With unlimited 2 percent rewards on all purchases, Spark Cash for Business can put thousands of dollars back toward your business each year, without the hassle of splitting costs across different cards,” Vischulis added. “Our cardholders love their rewards, along with the simplicity, purchasing power, credit building and other benefits of using their Spark card.”

Here’s what you need to know about the different Capital One business card options before choosing one.

Spark Cash

  • Balance transfer fee: $0
  • Interest rate: Variable 17.99% APR
  • Annual fee: $0 for the first year; $95 after that

Targeted at business owners with excellent credit, the Capital One Spark Cash for business allows you to earn a $500 cash bonus for spending $4,500 on purchases within the first 90 days of opening your account. Additionally, this Spark card features unlimited 2 percent cash back rewards with no minimum for redemption, and if you choose to issue employee cards, you can rack up rewards even more quickly.

Learn About: 10 Smart Steps to Apply for a Credit Card — and Get Approved

Spark Cash Select

  • Balance transfer fee: $0
  • Interest rate: 0% APR for nine months; variable 13.99% to 21.99% APR after that
  • Annual fee: $0

Spark Cash Select from Capital One is another Spark business credit card that’s intended for business applicants with excellent credit. Spend $3,000 within the first three months of opening your account and earn a $200 cash bonus. Plus, you can earn unlimited 1.5 percent cash back on every purchase, and you can redeem the rewards whenever you want.

Spark Miles

  • Balance transfer fee: $0
  • Interest rate: Variable 17.99% APR
  • Annual fee: $0 for the first year; $95 thereafter

Globetrotting business owners and executives with stellar credit will want to consider the Spark Miles card. Cardholders can earn unlimited 2x miles for every $1 charged to the card. You also can earn a 50,000-mile bonus — which is approximately equal to $500 in travel — when you spend $4,500 on purchases within the first three months after you open the account.

Find Out: 7 Ways to Capitalize on Your Small Business Credit Card Benefits

Spark Miles Select

  • Balance transfer fee: $0
  • Interest rate: 0% APR for nine months; variable 13.99 to 21.99% APR thereafter
  • Annual fee: $0

For business owners with top-tier credit who like to rack up airline miles, the Spark Miles Select business credit card might be a good pick. Cardholders can earn a 20,000-mile bonus — which is like $200 in travel — after spending $3,000 on purchases within three months of account opening. Plus, you can earn unlimited 1.5x miles per dollar on all purchases you make with the card.

Spark Classic

  • Balance transfer fee: $0
  • Interest rate: Variable 23.99% APR
  • Annual fee: $0

Intended for business people with average credit, the Spark Classic is a Capital One cash back credit card. Users can earn unlimited 1 percent cash back on all purchases and redeem the rewards at any time. Although it can’t be considered one of the best cash back credit cards for business because of its 23.99% APR, it could be worth it if you’re able to pay off your balance each month.

Perks and Terms of Capital One Business Credit Cards

Although Capital One offers a handful of business credit card options, you need to take some time to understand the card terms and conditions. Here’s what you need to know:

Card Features

  • Opportunity to take advantage of one-time cash bonuses for new cardholders
  • Online banking for viewing statements and paying monthly credit card bills
  • No transfer fees make these some of the best balance transfer credit cards on the market
  • Free CreditWise tool for keeping track of your credit score
  • Trained customer service team available seven days a week
  • Travel and emergency assistance with auto rental collision damage waiver

Terms to Know Before Signing Up

  • Targeted at people with excellent to average credit; no Capital One credit cards for bad credit
  • Late payment fee of up to $39
  • Penalty of 30.4% APR for late payments
  • Cash advance fee of the greater of $10 or 3 percent of the amount of the cash advance
  • Annual fee of $95 for Spark Cash and Spark Miles

Is a Capital One Business Credit Card Right for Your Company?

For business people who have excellent credit, Capital One offers some of the most choices of major credit card brands. Two of the best options for low- or no-fee cards and a lower APR are the Spark Cash Select and Spark Miles Select, but the cash bonuses and rewards are not as good as what some of the other options can offer. Overall, whether or not one of these business cards is a good choice for your company will depend on your spending habits and whether you will be able to pay off your balance to avoid interest charges.

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