Spark Cash from Capital One Review

Capital One Spark Cash Credit Card Review

Let's discuss the pros and cons of the Capital One Spark Cash Credit Card. This card for business features a simple flat-rate rewards system of 2% cash back on all purchases, has the ability to spend above your credit limit, charges no foreign transaction fees, and offers a generous one-time sign-up bonus of $500 on eligible purchases.

You'll love this card if you enjoy the simplicity of earning flat-rate rewards on all categories and the freedom to cash them out for any amount at any time.

Capital One Spark Cash Credit Card: pros and cons

Rewards system in a nutshell

The Capital One Spark Cash Credit Card uses a simple flat-rate cash back system of 2% on all purchases. This straightforward system allows you to earn cash back without being limited to specific spending categories and is ideal for small business owners with broad spending categories.

The good part is, the Spark Cash card doesn't have a minimum cash back redemption requirement, and your rewards won't expire for the life of the account. You can request to cash out any amount at any time or set specific dollar amounts or calendar days to have rewards redeemed automatically for a statement credit or check.

The Spark Cash business credit card offers several options to redeem your cash-back, including:

• Cash redemption: You can request to receive a paper check or apply your rewards as a statement credit.
• Buy a gift card: You can spend your cash back rewards purchasing gift cards from favorite retailers.
• Cover recent purchases: You can choose to apply rewards as a credit against your most recent purchases.
• PayPal with rewards: Simply link your Capital One Spark Cash card to your PayPal account to redeem rewards on online purchases.

Who can benefit from getting the Capital One Spark Cash Credit Card?

The Spark Cash card can prove beneficial to businesses that want to earn decent cash back rewards without the hassle of carrying several cards or tracking bonus categories. You'll earn unlimited 2% cash back on all business expenses charged on the card.

Are there any other benefits of the Capital One Spark Cash Credit Card?

Yes, the Spark Cash credit card is bundled with a few more perks, including:

• Free employee cards. You get free employee cards with the ability to add account managers and customize spending limits. Employee cards are eligible for the same 2% cashback rate on all purchases.
• Spend Above Your Limit. Based on your payments, credit profile, and purchase history, the Spark Cash card may not charge over-limit fees. If you qualify, you don't have to fuss when you exceed your credit limit.
• Virtual card numbers. You can make online payments safely without exposing your actual credit card number.
• Payment flexibility. You're to set your payment dates and set up automatic payments to avoid late fees.
• Roadside assistance. Spark Cash comes with additional help for auto-related emergencies like jump-starting, tire changing, or towing your car.
• Security Alerts. Besides the zero fraud liability, you get automatic card locks and fraud alerts via phone, email, or text for maximum security.
• $0 fraud liability. If your card is lost or stolen, Capital One offers zero fraud liability on any fraudulent activities. Just report as required, and you won't have to worry.
• Rental car insurance. You'll be covered for theft or collision damage up to the cash value of the vehicle if you rent a car for business purposes with your Spark Cash. The coverage is primary if you rent for commercial use and secondary if you rent for personal reasons.
• Year-end summaries and purchase records in multiple formats. For easy accounting, you can download itemized year-end spending reports and your purchase records in multiple formats like Excel, Quicken, or QuickBooks.

Conclusion

The Spark Cash Credit Card is an excellent choice for small business owners who value simplicity and flexibility and have significant business expenses on broad categories to justify the annual fee. The card allows you to put money back into your business with every purchase, and you can redeem rewards for any amount at any time. Again, it doesn't charge over-limit fees or foreign transaction fees.

Finally, the generous sign-up bonus of $500 for the first $4,500 spent on purchases within three months from account opening makes the Spark Cash Credit Card stand out among business cash back rewards cards.

For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply