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Running a business is hectic. To help you out, we are going to break down our two favorite business credit cards for cashback – both of them from Capital One®.
These Capital One credit cards offer the best cashback options for business owners, freelancers, and people with a side hustle.
You don’t have to pay for the points game, you get high cashback rewards on everything you buy.
Yes, even if you’re a freelancer, Uber driver, or side-hustler – you can use these Capital One business cards. Take a look at the perks so you can pick the best business card for you.
The 2 Best Business Credit Card's In 2022
It's not everyday that small business owners and entrepreneurs get help.
But, there's two cards can hopefully change that by making the finances of your business a little simpler.
Here's everything you need to know about the best business credit cards in 2022:
1. Capital One Spark Cash Select
Capital One Spark Cash Select is the first of the two viable solutions offered to businesses by Capital One. It is a reliable credit card with 1.5% cashback and no annual fees.
If you spend less than $1,600 a month on business expenses, this is the card for you.
Unlimited 1.5% Rewards
For every dollar you spend, you will get 1.5 cents back. If you spend $1,000 a month, Capital One will pay you $15/monthly just for using their card (that’s $180/year). The best part? There’s no fee.
No categories. You earn 1.5% on everything.
You can redeem your rewards anytime. There’s no minimum requirement. And there’s no limit to how much you can earn.
What can you do with the rewards?
- Invest it into your business
- Take your family out to dinner
- Get a professional portrait of your dog (we recommend the other two)
Early Spend Bonus
If you spend $3,000 in the first 90-days of getting your Capital One Spark Cash Select card, you will get an additional $200 cash bonus.
This is in addition to your 1.5% cashback.
Annual Fee
Capital One Spark Cash Select has no annual fees.
Fraud Protection
Breathe easy. You’re safe with Capital One’s zero-liability protection. If your card is stolen or lost, you are not responsible for any fraudulent purchases that are made.
Plus, you can set up alerts to warn you of suspicious activity on your account.
Other Benefits
- You can order employee cards for free.
- There are no foreign transaction fees.
- You get a year-end summary for each account.
- Download your spending records straight to an accounting program like QuickBooks.
- Purchase security and extended protection.
2. Capital One Spark Cash
The Capital One Spark comes with 2% cashback. And higher spenders, get rewarded with more cashback!
So if you spend (or plan to spend) more than $1,600 a month in your business, this is the card for you.
Unlimited 2% Rewards
An unprecedented 2% cashback on everything with no limit to how much you can earn!
If you spend $10,000 a month on your business card, that’s $2,400 in cashback a year.
Bigger Early Spend Bonus
The rewards are bigger than before. If you spend $5,000 on your business card in the first 90 days, you will get a $500 cash bonus. If you spend $50,000 within the first 6-months, you’ll get a $1,500 cash bonus!
That’s in addition to your 2% cashback on everything.
Annual Fee
Capital One Spark Cash card has an annual fee of $95, which is waived for the first year.
What does that mean? If you plan to spend (at least) $1,600 a month on your business next year, it pays to upgrade and get this card.
Fraud Protection
Breathe easy. You’re safe with Capital One’s zero-liability protection. If your card is stolen or lost, you are not responsible for any fraudulent purchases that are made.
Plus, you can set up alerts to warn you of suspicious activity on your account.
Other benefits
- You can order employee cards for free.
- There are no foreign transaction fees.
- You get a year-end summary for each account.
- Download your spending records straight to an accounting program like QuickBooks.
- Purchase security and extended protection.
The Best Business Cash Back Credit Card – The Verdict
Cash back is king and Capital One rewards you for your smart business spending. With unlimited rewards, there’s no limit to how much you can earn.
If you spend less than $1,600 a month, you will get more bang for your buck by avoiding the annual fee and getting the Capital One Spark Cash Select credit card.
If you spend more than $1,600 a month, the higher cashback with the Capital One Spark Cash card will cover your annual fee and put more money in your pocket.
Minority Mindset has partnered with CardRatings for our coverage of credit card products. Minority Mindset and CardRatings may receive a commission from card issuers.
