Capital One Spark Money evaluation: Full particulars

Capital One Spark Money overview

The Capital One Spark Money card presents limitless 2% money again on all purchases with no spending caps. Apart from the simplistic cash-back incomes construction, the cardboard lacks standout advantages and carries a $95 annual price after the introductory $0 annual price within the first yr (see charges and costs). Card score*: ⭐⭐½

*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 final word flexibility. The money again can be utilized to guide 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 an infinite 2% cash-back bank card possibility 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 have to be paid in full each month.

The Spark Money has an introductory $0 annual price within the first yr and a $95 annual price thereafter.

The TPG advisable credit score rating for this card is 740 or larger. Nonetheless, it could be attainable to get authorised with a decrease rating.

Let’s dive into whether or not the Spark Money ought to be in what you are promoting’s pockets.

Capital One Spark Money execs and cons

Capital One Spark Money welcome provide

New Spark Money cardholders can earn $750 money again after spending $7,500 inside the first three months from account opening.

That is considered one of one of many higher welcome presents we sometimes see on a cash-back enterprise card. That stated, smaller companies will desire a strong technique to fulfill the spending requirement.

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Associated: The very best time to use for these in style Capital One bank cards primarily based on provide historical past

Capital One Spark Money advantages

Regardless of having an annual price after the primary yr, 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 can assist you handle what you are promoting.

Whereas these advantages aren’t eye-popping and are normal on most enterprise playing cards, they may very well be helpful for many companies. Past that, this card does not provide a lot to justify having a $95 annual price after the primary cardmember yr.

Associated: Easy methods 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 via Capital One Journey.

For enterprise house owners who need to hold their earnings easy, it is a first rate card to contemplate. Getting not less than 2% again on your whole purchases is a strong return in your spending.

Associated: Capital One miles: Easy methods to earn, redeem and switch rewards

Redeeming money again on the Capital One Spark Money

Redeeming money again on the Spark Money is straightforward. Capital One lets you redeem your rewards for any quantity so you possibly can tailor your redemptions to fulfill what you are promoting’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 loads 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 price past the primary cardmember yr, there are different playing cards that compete with and even outclass the Spark Money that you could be need to contemplate.

• If you happen to desire no annual price: The American Categorical Blue Enterprise Money™ Card has no annual price (see charges and costs) and earns limitless 2% money again on all purchases (on as much as $50,000 per yr, then 1% thereafter). To study extra, learn our full evaluation of the Blue Enterprise Money card.
• If you happen to desire incomes transferable factors: The Ink Enterprise Most well-liked® Credit score Card has a $95 annual price and earns 3 Final Rewards factors per greenback on the primary $150,000 spent in mixed purchases every year on journey; transport purchases; web, cable and cellphone providers; 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 study extra, learn our full evaluation of the Ink Enterprise Most well-liked card.
• If you need lounge entry: The Capital One Enterprise X Enterprise carries a $395 annual price (see charges and costs) and earns not less than 2 miles per greenback spent on all purchases, which may 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 study extra, learn our full evaluation of the Enterprise X Enterprise.

For extra choices, try our full listing of the greatest enterprise playing cards.

Associated: Is the Enterprise X Enterprise price it?

Is the Capital One Spark Money price it?

The Spark Money is a good enterprise providing that earns an infinite 2% money again. Nonetheless, with lackluster advantages and an annual price after the primary yr (see charges and costs), companies may be 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 price.

Backside line

If you need a enterprise card that provides an easy-to-remember limitless 2% money again, the Spark Money is a strong possibility. Regardless of its simplicity, it’s restricted by its mediocre advantages and an annual price after the primary yr.

If you wish to earn transferable rewards or larger cash-back charges in broad classes, you may need to contemplate one other enterprise card.

Apply right here: Capital One Spark Money for Enterprise

Associated: Causes to get a enterprise bank card

For charges and costs of the Blue Enterprise Money, click on right here.

For Capital One merchandise listed on this web page, a few of the advantages could also be offered by Visa® or Mastercard® and should fluctuate by product. See the respective Information to Advantages for particulars, as phrases and exclusions apply.