Capital One offers a variety of business credit cards to meet the needs of different types and sizes of businesses. Choosing the right business credit card can help you earn valuable rewards, get 0% intro APR financing, and manage business expenses more effectively. This comprehensive guide will cover the top Capital One business credit cards and help you decide which is the best fit for your business.
Overview of Capital One Business Credit Cards 2024
Before diving into the details of each card, here’s a quick overview of the Capital One business credit cards we’ll be covering:
- Spark Cash Select for Business – Straight-cash-back rewards card with no annual fee
- Spark Miles Select for Business – Travel rewards card that earns unlimited 1.5X miles per $1 on all purchases
- Spark Cash Plus for Business – Cashback card with bonus categories to earn up to 2% back
- Spark Miles for Business – Higher-end travel rewards card with up to 2X miles per $1 spent
- Spark Classic for Business – Basic no-frills business card with no rewards
- Buypower Card from Capital One – Financing card for managing large purchases over time
Now let’s take an in-depth look at these business credit cards and see how they compare.
Spark Cash Select for Business
The Spark Cash Select for Capital One Business Credit Cards is a straightforward cash-back rewards card with no annual fee. Here are some of the key details:
- Welcome Bonus: Earn $200 cash back after spending $3,000 on purchases within 3 months from account opening
- Earning Rates: Unlimited 1.5% cash back on all purchases
- Annual Fee: $0
Key Perks:
- 0% intro APR for 9 months on purchases
- Access to discounted gift cards through Capital One Entertainment
- Extended warranty protection
- No foreign transaction fees
With no annual fee and unlimited 1.5% back on everything you buy, this is one of the best business cash-back cards out there for basic, everyday spending. The welcome bonus of $200 after meeting minimum spend requirements is also very competitive for a no-annual-fee card. If you want simple cash back without having to worry about category bonuses or travel redemptions, the Spark Cash Select card is a great option.
Also Read: The Ultimate Guide To Secured Business Credit Cards
Spark Miles Select for Business
The Spark Miles Select for Business card from Capital One is designed for small businesses looking to earn easy travel rewards from their spending. Here are some of the key details on this business credit card:
- Welcome Bonus: Earn 50,000 bonus miles (worth $500 in travel) after spending $4,500 on purchases within 3 months from account opening
- Earning Rates: Unlimited 1.5X miles on every purchase, every day
- Annual Fee: $0
Key Perks:
- Redeem miles for any travel purchase or transfer to loyalty programs
- 0% intro APR for 9 months on purchases
- No foreign transaction fees
With no annual fee and unlimited 1.5X miles on all purchases, this is one of the simplest business travel cards available. The welcome bonus can cover a flight within the continental US after meeting the minimum spend. You have the flexibility to redeem Capital One Business Credit Cards miles for any travel purchase or transfer them to programs like Air Canada Aeroplan. If you want a basic travel card for your business to cover flights, hotels, rental cars, and more, the Spark Miles Select card is a great choice requiring little management.
Spark Cash Plus for Business
The Spark Cash Plus for Capital One Business Credit Cards adds bonus category rewards on top of flat-rate cash back to help you maximize your spending. Here are some of the key details:
- Welcome Bonus: Earn $500 cash back after spending $4,500 on purchases within 3 months from account opening
Earning Rates:
- 2% cash back on dining and entertainment purchases
- 2% cash back on gas stations and EV charging stations
- 1% cash back on all other purchases
- Annual Fee: $0
Key Perks:
- Access to discounted gift cards through Capital One Entertainment
- 0% intro APR for 9 months on purchases
- No foreign transaction fees
This is a great option if you want to ramp up your cash-back earnings in common business spending categories. You’ll earn an unlimited 2% back on dining, entertainment, gas stations, and EV charging stations – categories where many businesses tend to spend heavily. Combine that with 1% back on all additional purchases, and a $500 welcome bonus, and you can maximize your rewards. The Spark Cash Plus card supercharges your earnings while still keeping it simple with no annual fee.
Spark Miles for Business
The Spark Miles for Business card from Capital One offers expanded earning potential on business travel expenses for those who frequently hit the road. Here’s an overview of its key features:
- Welcome Bonus: Earn 75,000 bonus miles (worth $750 in travel) after spending $7,500 on purchases within 3 months from account opening
Earning Rates:
- 2X miles on hotel and rental car bookings through Capital One Travel
- 2X miles on airline tickets purchased through Capital One Travel
- 1X mile per dollar on all other purchases
- Annual Fee:** $95, waived the first year
Key Perks:
- Transfer miles to 15+ airline and hotel partners
- Up to $100 credit for Global Entry or TSA PreCheck
- No foreign transaction fees
- Complimentary Hertz Presidentâ€TMs Circle status
With its higher 2X miles earning rates in key travel categories and 75,000-mile intro bonus, this card offers greater rewards potential for businesses that frequently book flights and hotels. You can transfer Capital One miles to leading airline partners like Air Canada and JetBlue, or hotel programs like Wyndham Rewards and Choice Privileges. The annual fee is moderate, but perks like the Global Entry/TSA PreCheck credit and Hertz status help offset that cost. For travel-centric businesses, the Spark Miles for Business card can pay off with maximized rewards.
Also Read: PayPal Business Loans – Fast Financing for Your Business
Spark Classic for Business
The Spark Classic for Business card from Capital One provides basic credit card functionality for businesses with no rewards or bells and whistles. Here are the key details:
- Welcome Bonus: None
- Earning Rates: None
- Annual Fee: $0
- Key Perks:
- 0% intro APR for 9 months on purchases
- No foreign transaction fees
- Access to discounted gift cards through Capital One Entertainment
- Extended warranty protection
As you can see, this is about as simple as a business credit card gets. There are no rewards or bonus categories to track. Just a basic card that you can use for purchases, taking advantage of the 0% intro APR period, and paying off each month like a charge card. It does come with a few protections like an extended warranty and no foreign transaction fees, but the Spark Classic card is mostly for businesses that want to simplify and stick to the fundamentals. If you don’t need rewards, this straightforward $0 annual fee card may suit your needs well.
Buypower Card from Capital One
The Buypower Card from Capital One allows businesses to finance large purchases over time while earning rewards. Here are the main details:
- Welcome Bonus: Get 5% cash rewards on purchases totaling $4,500 or more within 3 months from account opening
Earning Rates:
- 5% cash rewards on purchases totaling $4,500+
- 2% cash rewards on purchases totaling $2,000 – $4,499
- 1% cash rewards on all other purchases
- 0% Intro APR: 0% for 12 months on purchases; N/A on balance transfers
- Ongoing APR: 15.24% Variable
- Annual Fee: $0
Key Perks:
- Special financing offers on large purchases
- No preset spending limit when meeting Capital One requirements
- 0% intro APR for 1 year
This card gives your business a way to make large purchases while slowly paying them off interest-free over time. You’ll get 0% intro APR for 12 months plus the ability to earn rewards based on how much you spend. The Buypower Card is tailored for commercial truck, equipment, and vehicle purchases, but can be used for any business purchase. If you need to finance major purchases, the rewards, and special financing make this card a uniquely useful option.
Also Read: Your Guide To The Chase Business Credit Cards
Choosing the Best Capital One Business Credit Card 2024
With this overview of the top Capital One business credit cards in 2024, how do you pick the right one? Here are some key questions to ask yourself:
Do you want cash back or travel rewards? Cards like the Spark Miles Select and Spark Miles allow you to earn flexible travel rewards. Others like the Spark Cash cards provide pure cash back.
How much do you want to earn in key categories? The Spark Cash Plus and Spark Miles cards earn 2X rewards in certain bonus categories. This can provide more value if your spending aligns.
What kind of perks do you need? Perks like Hertz status, lounge access, and Global Entry credits provide
Here is a conclusion for the blog post about Capital One business credit cards, with a recommendation for 5 Star Processing:
Conclusion:
With a variety of business credit cards 2024 to choose from, Capital One has options suitable for different types and sizes of businesses. Their Spark cards offer great rewards potential, intro 0% APR offers, and valuable perks. The Spark Miles Select, Spark Cash Plus, and Spark Miles cards maximize earnings on business spending categories like travel, dining, gas stations, and more.
Before applying, think about the types of rewards that best align with your spending. Compare intro bonuses, ongoing earning rates, annual fees, and included perks across the cards. This can help you determine the ideal Capital One card to meet your business needs and goals.
Once you have a Capital One business credit card, you can benefit from secure payment processing technology and services through 5 Star Processing. As an established merchant services provider, 5 Star Processing offers comprehensive payment solutions for accepting credit cards in-store, online, or on the go.
With 5 Star Processing, you’ll gain access to credit card processing equipment, POS systems, contactless payments, and mobile card readers. Your business can accept Visa, MasterCard, American Express, Discover, and more. Plus you’ll benefit from 24/7 customer support and competitive transaction rates.
Pairing your new Capital One business rewards credit card with 5 Star Processing for payment acceptance provides the tools and technology to accelerate your success. Enjoy maximized earnings through your card while securely accepting customer payments however your customers prefer to pay.
