The Capital One Spark Cash for Business earns your business unlimited 2% cash back on all purchases. Plus you’ll earn a one-time $500 bonus once you spend $4,500 within the first 3 months. By waiving the annual fee and offering a sign-up bonus this card could pay for itself for the first six years ($0+$95+$95+ $95+$95+$95=$475 in annual fees paid in the first six years), which is still $25 less than the $500 sign-up bonus.
After six years the card still makes sense if your business spends at least $19,000 a year. Why $19,000? If you spend $19,000 your rewards would be 19k x 2% = $380. This is exactly $95 more than the no-fee version of the card earns (19k x 1.5%=285). So, in the long term, even after you’ve used up the sign-up bonus, this $95 difference justifies the $95 annual fee and any spending over $19,000 would yield even more cash back for your business.
If your business spends under ,000 a year, consider the Capital One® Spark® Cash Select for Business, which doesn’t have an annual fee.
Ease of Reward Redemption
Perks & Features
This table shows approximate credit score category ratings based on FICO® Score 8 and should only be used as a general guide.