Capital One Spark Cash Review: Simple Business Card with 2% Cash Back on Every Purchase

The card_name is a straightforward business credit card offering a big early spend bonus offer in addition to ongoing unlimited 2% cash back on all purchases (or better). Here are the highlights:

• Earn a $1,000 cash bonus when you spend $10,000 within 3 months of account opening.
• Unlimited 2% cash back on every purchase, everywhere with no limits or category restrictions.
• 5% Cash Back on hotels and rental cars booked through Capital One’s travel booking site.
• Free employee cards, which also earn unlimited 2% cash back on all purchases.
• Rewards won’t expire for the life of the account, and you can redeem your cash back for any amount.
• No foreign transaction fees
• $0 annual fee for the first year; $95 after that.

The required spending hurdle may seem like a lot, but many businesses make a lot of purchases for raw materials and/or inventory. If you pay estimated taxes each quarter, you can also pay the IRS via credit card with a 1.75% fee and still come out ahead.

This card does not have all of the bells and whistles like top-level rewards, transferrable airline miles, or airport lounge access. For that, look into the Capital One Venture X Business Card and its higher annual fee.

If you also hold the Spark Miles, Capital One Venture, or the Capital One Venture X rewards cards, you can convert your cash back rewards into their “miles”, which are then transferrable to various airline miles programs including British Airways Avios. With the right companion card, $2,000 in cash rewards could be converted to 200,000 miles.

Many people aren’t aware of the fact that they can apply for business credit cards, even if they are not a corporation or LLC. The business type is called a sole proprietorship, and these days many people are full-time or part-time consultants, freelancers, eBay/Amazon/Etsy sellers, Uber/Lyft drivers, or other one-person business owners. This is the simplest business entity, but it is fully legit and recognized by the IRS. On a business credit card application, you should use your own legal name as the business name, and your Social Security Number as the Tax ID.

Bottom line. The card_name is the flavor of Capital One business cards that has the combination of straightforward and solid 2% cash back rewards, modest annual fee ($0 for the first year; $95 after that), and works like a traditional credit card.

Due to the high current first-year value, I will be adding this to my Top 10 Best Small Business Card Bonus Offers.