Our Take
The Capital One Spark 1% Classic® Credit Card is an ideal choice for small business owners looking to build their credit responsibly without paying an annual fee. This card provides unlimited 1% cash back on all business purchases, making it simple to earn rewards on everyday expenses. Cardholders earn an enhanced cash back rate of 5% on hotels and rental cars booked through Capital One Travel, which is beneficial for frequent travelers. Designed for those with fair credit, the Spark Classic helps to boost your credit score with responsible use and comes with business-grade tools that help track expenses and manage employee spending efficiently. Additionally, there are no foreign transaction fees, making it a smart option for businesses that incur costs abroad. Keep in mind, the variable APR for purchases is set at 29.99%, which merits careful management of balances. With 24/7 customer service and various fraud protection measures, this card enhances security and peace of mind while conducting daily business. As you utilize this card, not only do you benefit from cash back rewards, but you also gain access to features designed to streamline accounting and expense management.
Intro Offer
Bonus History
Currently, the Capital One Spark 1% Classic does not offer a sign-up bonus; however, its historical promotions indicate that consistent usage can result in significant cash back returns over time. This simplicity in rewards structure allows businesses to focus on everyday expenses without complicated bonus requirements.
Recommended Credit
Disclaimer: Having the recommended credit does not guarantee you will get approved, and not having the recommended credit does not imply you will absolutely not get approved. Learn how credit scores affect approval rates.
Fees
While the Capital One Spark 1% Classic boasts no annual fee, cardholders should be aware of potential fees associated with cash advances and late payments. Understanding these costs can help businesses maintain fiscal responsibility and avoid unnecessary charges.
Balance Transfer Fee
Cash Advance Fee
(Whichever Is Greater)