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The Best Business Credit Card

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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 cash back – both of them from Capital One®.

  1. Capital One® Spark Cash®
  2. Capital One® Spark Cash Select®

These Capital One credit cards offer the best cash back options for business owners, freelancers, and people with a side hustle. You don’t have to pay the points game, you get high cash back 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.

Capital One Spark Cash Select 1.5% Cash Back

capital one spark credit card

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% cash back 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 (On Everything)

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% cash back.

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.

Capital One Spark Cash 2% Cash Back

capital one spark 2% cash back

Higher spenders, get rewarded with more cash back!

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 (On Everything)

An unprecedented 2% cash back 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 cash back 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% cash back 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 in 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 BOTTOM LINE?

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 cash back 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.

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Written by Minority Mindset Team

The Minority Mindset has nothing to do with the way you look, your ethnicity, or your skin color. It’s a mindset. #RethinkRich

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