Capital One Spark Cash for Business Review – Forbes Advisor

Capital One® Spark® Cash for Business compared to the Ink Business Preferred® credit card

the Chase Ink Business Preferred and the Capital One Spark Cash for Business offer a match to explore only for those with specific spending habits. Spark Cash for Business offers great cash back rewards with unlimited 2% cash back and Ink Business offers 3 points per dollar on the first $ 150,000 spent on travel and in certain business categories each anniversary year of the account and 1 point per dollar on all other purchases.

The Ink Business has an annual fee of $ 95. Rewards can be redeemed at a higher value during travel and through Chase Ultimate Rewards, but aside from a massive welcome offer: Earn 100,000 bonus points after spending $ 15,000 on purchases in the first 3 months after opening the account. That’s $ 1,000 in cash back or $ 1,250 on travel when you redeem them through Chase Ultimate Rewards®. The Ink Business doesn’t have a lot on Spark Cash for Business for those looking for a straightforward card. For most small business owners who don’t expect to see big spend in specific categories, Spark Cash will likely be better suited.

Capital One® Spark® Cash for Business vs. Ink Business Unlimited® credit card

the Chase Ink Business Unlimited The card offers a free annual alternative to Spark Cash for Business. Along with 1.5% unlimited cash back on purchases, Ink Business Unlimited also offers an introductory 0% introductory APR on purchases for 12 months, followed by the standard APR card rate of 13.24. % – 19.24% variable and a welcome bonus: Earn $ 750 extra cash back after spending $ 7,500 on purchases in the first 3 months after opening the account.

As a reference for those wondering whether or not the extra half percent cash back is worth the fee: For the extra 0.5% cash back offered by Spark Cash for Business to pay the annual fee, the card requires account holders to spend $ 19,000 or more in a year.

Capital One® Spark® Cash for Business vs. Wells Fargo Business Elite® Card*

For businesses that match specific spending habits and have sales of over $ 1 million per year, Wells Fargo Business Elite may offer narrow additional rewards. Signature Elite offers 1.5% cash back on purchases or 1 point per dollar on purchases plus 5,000 bonus reward points after spending $ 10,000 in a monthly bill cycle. For those who were just thinking, “hey, it’s like… still only 1.5%” – yes it is. Because the rewards are points and these points can be redeemed online for 1 cent per point plus 10% of the redemption value. So 1.5% becomes 1.65% – but only when spending is done in perfect increments of $ 10,000 in each billing cycle.

But is it important? Spark Cash for Business offers 2% and lower annual fees. The Wells Fargo Business Elite only makes sense for businesses that need dedicated customer service, up to 200 employee cards, and moving more money.