Capital One Spark Classic for Business Credit Card Review
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With no annual fee and unlimited 1% cash back rewards, the Capital One Spark Classic for Business is suitable for small business owners who like a simple cash back system. The card itself would not be a great fit for someone who is a big spender, or those with higher credit, as there are better credit cards out there for that demographic. Also, the APR is really high, so unless you have fair credit and really need a business credit card, wait until your credit improves and apply for a different card. We dive into the details and your approval odds in this Spark Classic review.
Our Rating
3.5/5.0
Welcome Offer
None
Annual Fee
$0
0% on Purchases
N/A
Reward Rate
1% to 5%
0% on Balance Transfers
N/A
Features & Benefits
| Security | Fraud Monitoring, Zero Liability, Alerts, Virtual Card Numbers, Card Lock |
| Contactless Payments | Tap to Pay, Apple Pay, Google Pay, Samsung Pay |
| Benefits | Extended Warranty Coverage, 24/7 customer service |
| Travel Perks | Roadside Assistance |
Rewards
Interest Rates & Fees
| Annual Fee | $0 |
| Foreign Transaction Fee | None |
| Regular APR | 30.74% (V) APR |
What Credit Score Is Required to Get the Capital One Spark Classic for Business
The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use numerous factors in their underwriting process, and these factors can change at any time.
Lowest Approved Credit Score: 590
Average Approved Credit Score: 632
| App Status | Date | Credit Score | Bureau | Credit Limit |
|---|---|---|---|---|
| Approved | 01/02/2024 | Equifax | ||
| Approved | 01/02/2024 | TransUnion | ||
| Approved | 01/02/2024 | Experian | ||
| Approved | 01/27/2023 | Not Provided |
Pros & Cons
- No annual fee
- Unlimited 1% cash back
- Requires Fair credit
- High APR
- Not suitable for big spenders/higher credit
What Are the Best Alternatives?
Capital One Spark Cash Select for Good Credit
Rating
4.5
Rewards Range
1.5% to 5%
Annual Fee
$0
Capital One Spark Miles for Business
Rating
4.7
Rewards Range
2x to 5x miles
Annual Fee
$0 intro for first year; $95 after that
Ink Business Unlimited® Credit Card
Rating
4.6
Rewards Range
1.5%
Annual Fee
$0