If you own a small business and want to earn cashback with ease and zero annual fees, the Spark Cash Select might be the perfect choice. Here’s how the application process works and what you need to know before applying.
Rates and Terms
The Spark Cash Select features highly competitive terms, especially considering there’s no annual fee. Take a look at the key details:
- Annual Fee: $0
- Cashback: 1.5% on all purchases
- APR: Variable, typically between 18.49% and 24.49%, based on your company’s creditworthiness
- Employee Cards: Free of charge
- Foreign Transaction Fees: $0
The welcome bonus and credit limit are determined based on a credit evaluation of both the business owner and the business itself. Capital One accepts both EINs and Social Security Numbers, which makes the card accessible even for newer entrepreneurs who may not yet have established credit.
Who Is This Card For?
Spark Cash Select is best suited for small business owners who want a simple, fee-free business credit card. It’s particularly ideal for companies with diverse spending needs that prefer a fixed cashback rate over category-specific rewards.
It’s also a great option for business owners looking to issue additional cards for employees, with the ability to monitor individual spending, all at no extra cost. Whether you’re building a team or simply need a more efficient way to track purchases, the card offers excellent value without adding complexity.
Additionally, because it comes with modern management tools, it’s perfect for entrepreneurs looking to better organize their finances and get real-time visibility into spending. The ability to integrate with accounting platforms and generate custom reports adds to its appeal for self-employed professionals and freelancers who want to keep their business and personal expenses separate.
How to Apply
Ready to move forward? Here’s the step-by-step guide to applying for the Spark Cash Select Credit Card:
- Visit the official Capital One Business website
- Select the Spark Cash Select card and click on “Apply Now”
- Enter your business details (name, type, revenue, time in operation, etc.)
- Provide information for the legal business owner (SSN, personal income, address)
- Submit the application for a credit review
Once approved, your card will be mailed out, and you’ll be able to manage everything through the Capital One mobile app. From activating your card to monitoring your rewards, everything can be done digitally with ease.
If you’re interested in issuing additional cards for employees, this can be done after your main account is active. You’ll be able to add users, set controls, and monitor their activity all within the Capital One platform. Also, keep an eye on your cashback balance through the dashboard so you can redeem it later, whether for purchases or reinvesting back into your business.
Is the Spark Cash Select Worth It?
The Spark Cash Select from Capital One is an attractive business credit card for entrepreneurs who want simplicity, real savings, and flexible rewards, all with no annual fee and no rotating categories to track.
It’s a smart solution for business owners who want to reinvest part of their spending back into their company with full control. With no hidden fees, the card also makes it easier to unify and oversee employee spending.
So, if you’re looking for a no-fuss business card with fixed cashback and helpful business tools in one place, the Spark Cash Select is a smart and rewarding choice.
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All information in this and other BOISLA articles is subject to change over time. Please check for updates directly with the institutions and companies mentioned. Approval is subject to the institution’s review.
REFERENCES:
Read more about credit cards in https://boisla.com/category/credit-cards/
