Looking for a business credit card that offers rewards and helps build credit? The Spark 1% Classic from Capital One is your answer.
What you need to know about this credit card:
- APR: 29.99% variable APR for purchases
- Annual Fee: None
- Credit Level: Fair
- Credit Line: Minimum of $300 upon approval
Pros
- Unlimited 1% Cash Back: Earn unlimited 1% cash back on every purchase, everywhere.
- No Annual Fee: Focus on your business growth without worrying about fees.
- Credit Building: Use responsibly to build and strengthen your business credit.
- 5% Cash Back on Travel: Earn more on hotels and car rentals booked through Capital One Travel.
- Business Tools: Access to digital tools for managing expenses and employee spending.
Cons
- High APR: 29.99% variable APR can be high if carrying a balance.
- Penalty APR: Late payments can result in a 34.65% APR.
Why Choose Capital One for your credit card?
Chase Credit Cards offer great rewards, but they often come with higher annual fees compared to the Spark 1% Classic.
American Express cards are renowned for perks, yet Capital One’s Spark 1% Classic provides better value for business startups.
Bank of America credit cards have competitive rates, but Capital One offers more flexible cash back options.
Capital One’s Spark 1% Classic stands out for its balance of rewards and credit-building features, unlike Discover, which focuses more on consumer credit.
Compared to other Capital One business cards, the Spark 1% Classic offers straightforward benefits with no annual fee.
Spark 1% Classic: let’s get to know it a little better
How to apply for your Spark 1% Classic
Ready to take your business to the next level? Click below to explore all the details and apply for the Spark 1% Classic card.