Capital One Spark Money overview
The Capital One Spark Money card affords limitless 2% money again on all purchases with no spending caps. Other than the simplistic cash-back incomes construction, the cardboard lacks standout advantages and carries a $95 annual payment after the introductory $0 annual payment within the first 12 months (see charges and costs). Card ranking*: ⭐⭐½
*Card ranking relies 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 e-book 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 provides 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 payment within the first 12 months and a $95 annual payment thereafter.
The TPG beneficial credit score rating for this card is 740 or larger. Nevertheless, it could be doable to get permitted with a decrease rating.
Let’s dive into whether or not the Spark Money needs to be in your corporation’s pockets.
Capital One Spark Money execs and cons
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Capital One Spark Money welcome supply
New Spark Money cardholders can earn $750 money again after spending $7,500 throughout the first three months from account opening.
That is certainly one of one of many higher welcome affords we usually see on a cash-back enterprise card. That stated, smaller companies will desire a stable technique to fulfill the spending requirement.
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Capital One Spark Money advantages
Regardless of having an annual payment after the primary 12 months, 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 your corporation.
Whereas these advantages aren’t eye-popping and are normal on most enterprise playing cards, they might be helpful for many companies. Past that, this card does not supply a lot to justify having a $95 annual payment after the primary cardmember 12 months.
Associated: 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 resorts and rental automobiles booked via Capital One Journey.
For enterprise homeowners who need to hold their earnings easy, it is a first rate card to think about. Getting a minimum of 2% again on all your purchases is a stable return in your spending.
Associated: Capital One miles: 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 permits you to redeem your rewards for any quantity so you may tailor your redemptions to fulfill your corporation’s wants.
Whereas cash-back is not as profitable as incomes factors and miles, many individuals favor it for its simplicity and simplicity. Even in the event you’re a factors and miles fan, having a cash-back card readily available is beneficial for instances when you do not have a whole lot 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 the event you do not need to have an annual payment past the primary cardmember 12 months, there are different playing cards that compete with and even outclass the Spark Money that you could be need to think about.
- In the event you desire no annual payment: The American Categorical Blue Enterprise Money™ Card has no annual payment (see charges and costs) and earns limitless 2% money again on all purchases (on as much as $50,000 per 12 months, then 1% thereafter). To study extra, learn our full overview of the Blue Enterprise Money card.
- In the event you desire incomes transferable factors: The Ink Enterprise Most popular® Credit score Card has a $95 annual payment and earns 3 Final Rewards factors per greenback on the primary $150,000 spent in mixed purchases annually on journey; delivery purchases; web, cable and telephone companies; and promoting purchases made with social media websites and engines like google (and 1 level per greenback on all different purchases). These Final Rewards factors could be redeemed for outsize worth by using Chase’s glorious roster of switch companions. To study extra, learn our full overview of the Ink Enterprise Most popular card.
- If you’d like lounge entry: The Capital One Enterprise X Enterprise carries a $395 annual payment (see charges and costs) and earns a minimum of 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 stable journey protections and perks. To study extra, learn our full overview of the Enterprise X Enterprise.
For extra choices, take a look at our full record of the greatest enterprise playing cards.
Associated: Is the Enterprise X Enterprise value it?
Is the Capital One Spark Money value it?
The Spark Money is an honest enterprise providing that earns an infinite 2% money again. Nevertheless, with lackluster advantages and an annual payment after the primary 12 months (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 payment.
Backside line
If you’d like a enterprise card that gives an easy-to-remember limitless 2% money again, the Spark Money is a stable possibility. Regardless of its simplicity, it’s restricted by its mediocre advantages and an annual payment after the primary 12 months.
If you wish to earn transferable rewards or larger cash-back charges in broad classes, you may need to think about 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 range by product. See the respective Information to Advantages for particulars, as phrases and exclusions apply.
