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The Capital One® Spark® Classic for Business is unavailable on The Ascent. All information was collected independently from the issuer. Some items may be out of date.
Capital One® Spark® Classic for Business is designed for business owners with average credit. We think it's a solid card to consider, particularly for fee-wary cardholders who are seeking an entry-level business card to better establish their credit histories. Read our Capital One® Spark® Classic for Business to find out if this is the right card for your business.
Balance Transfers: N/A
1% cash back
This credit card is a good fit for: Business owners with average credit who want to earn rewards on their spending without paying an annual fee.
Accepts fair credit business owners: Capital One offers five different business credit cards, and the Capital One® Spark® Classic for Business is specifically designed for borrowers with fair credit histories. So keep this fact in mind as you read the rest of this section -- some of these perks may not seem competitive with the industry's best business credit cards, but they are rather strong for a card geared toward fair-credit borrowers.
Unlimited 1% cash back: Capital One doesn't hide any details, and its cash-back program is straightforward. Cardholders enjoy a flat 1% cash-back rewards rate on their spending.
No foreign transaction fees: Whether on the road or simply paying a bill from a foreign vendor, cardholders need not worry about costly foreign transaction fees. Some cards charge as much as 3% for payments in foreign currencies, which can tally up to $60 on purchases as small as $2,000.
$0 annual fee: The card doesn't charge an annual fee, which should be expected for credit cards earning a flat rate of 1% cash back.
Flexible redemptions: Many cards restrict cash-back redemptions, but that's not the case with this card. There are no minimum redemption requirements, and statement credit redemptions can be automated.
Free employee cards: Capital One will give cardholders free cards for their employees, and each of those will earn rewards for the account as well.
No sign-up bonus: This card is geared toward business owners with lower spending needs and credit scores, which generally means fewer rewards perks, as is the case here with no bonus.
No 0% intro APR offer: The card doesn't currently offer an introductory rate on purchases or balance transfers. Given its focus on business owners with average credit, we'd see a 0% intro APR promo as a big perk, even if it was just for a few months. That said, few cards for lower credit score profiles offer 1% cash back and cut fees, as the Capital One® Spark® Classic for Business does.
High interest rate: The Capital One® Spark® Classic for Business has a higher-than-average APR. Like most credit cards, it varies based on the prime rate. Of course, it's to be expected that this card would have a higher rate, given its fair-credit nature, but this means that carrying a balance can get expensive quickly.
Compare credit card rewards, fees, APRs, and more using our side-by-side comparison tool.
For the best chances of approval, you'll need to have at least fair credit, which means a FICO® Score of 580 or higher. This card is one of very few business credit cards with lenient credit requirements.
The Capital One® Spark® Classic for Business doesn’t have quite as many perks and rewards as its Capital One siblings or many of the other leading business credit cards, but it certainly serves a valuable purpose. Not many other business credit cards welcome applicants with fair credit and allow them to earn rewards without an annual fee, so if you have business income and below-average credit, the Capital One® Spark® Classic for Business could be worth a look.
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