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The Points Guy believes that credit cards can transform lives, helping you leverage everyday spending for cash back or travel experiences that might otherwise be out of reach. That's why we publish a variety of editorial content and card comparisons: to help you find a great card to turn your goals into reality.
Our site may earn compensation when a customer clicks on a link, when an application is approved, or when an account is opened with our partners, and this may impact how or where these products appear. While we don't cover all available credit cards, our editorial team creates and maintains all of the analysis of these cards, and our content is not influenced nor subject to review by any credit card company, bank or partner prior to (or after) publication. Please view our advertising policy and product review methodology for more information.
Reviews
Capital One Spark Cash Select review: Business cash back with no annual fee
Emily Thompson specializes in beginner content as a credit cards editor. She taps into her prior experience as a high school English teacher to help others demystify credit scores and unlock experiences that credit card rewards can make possible.
March 7, 2025 • 7 min read
IULIIA BONDAR/GETTY IMAGES
The cards we feature here are from partners who compensate us when you are approved through our site, and this may impact how or where these products appear. We don't cover all available credit cards, but our analysis, reviews, and opinions are entirely from our editorial team. Terms apply to the offers listed on this page. Please view our advertising policy and product review methodology for more information.
Editorial note: This is a recurring post, regularly updated with new information and offers.
Quick summary
This business card offers a flat cash-back rate on all purchases, appealing to small-business owners seeking simplicity.
There is no annual fee, making it a cost-effective choice for those who want straightforward rewards.
Perks include no foreign transaction fees, year-end summaries, extended warranty on eligible items and roadside assistance.
The card's benefits are limited compared to other business cards, and it lacks advanced redemption options.
What to consider
Cash-back rewards can be redeemed for any amount and do not expire as long as the account remains open.
Higher cash-back rates and more robust benefits may be available with other business cards that charge a fee.
This card is best suited for businesses with moderate spending that value simplicity over maximizing rewards.
What you'll miss from the article
A detailed comparison of similar business cards and guidance on choosing the best option for your spending habits.
Generated by AI with support from our editorial team.
Editorial disclaimer: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.
The Capital One Spark Cash Select is a no-annual-fee business card that's a good option for small-business owners who want to earn cash back at a flat rate on all their purchases. A sibling to the Capital One Spark Cash Plus card, the Spark Cash Select earns an unlimited 1.5% back on all purchases. Still, some business owners will be disappointed by the limited benefits the Spark Cash Select offers. Card Rating*: ⭐⭐⭐
*Card rating is based on the opinion of TPG’s editors and is not influenced by the card issuer.
When it comes to flexible credit card rewards, cash back is king. You can use your rewards to fund travel, upgrade your office furniture or order lunch to celebrate completing a big project.
If you want to earn your cash back without paying an annual fee, the Spark Cash Select could be the perfect card for your business. TPG recommends applicants have a credit score of 740 or higher to increase their chances of approval.
Let's dive into what this card can offer you and your business.
Spark Cash Select pros and cons
Pros
Cons
No annual fee
Unlimited 1.5% back on all purchases
Limited benefits
Outclassed by other Capital One business cards in certain areas
Spark Cash Select welcome offer
Currently, new cardholders earn a one-time $750 cash bonus after spending $6,000 within the first three months of opening an account with this card.
This $750 bonus is impressive, especially considering that cash-back cards generally have lower welcome offers. Since you don't have to pay an annual fee, this bonus is money that goes right back into your pocket — or business.
A standout benefit of the Spark Cash Select is that it doesn't charge foreign transaction fees, so it's a good card to have in your wallet if your business travels take you abroad.
You'll also get some basic perks like year-end spending summaries to make tax season easier, extended warranty on eligible items and roadside assistance should you need it. Still, the Spark Cash Select's perks are considerably light compared to what some of our other favorite business credit cards have to offer.
One of the best things about the Spark Cash Select is its simple earning structure. Cardholders earn 5% back on hotels and rental cars booked through Capital One Business Travel and an unlimited 1.5% cash back on all other purchases.
If you spend a large portion of your budget on purchases that don't earn any bonus points with most business cards, this flat earning rate is a great way to fill in the gaps in your business spending reward strategy.
Just like earning rewards, redeeming your Spark Cash Select rewards is simple and straightforward. You can redeem your cash back rewards for any amount, and the rewards won't expire as long as your account is open.
A drawback to this card is that you won't have the option to get a higher value from your rewards by transferring them to a valuable travel partner. But if you don't want to spend time and energy learning how to maximize your rewards and planning your redemptions, the simplicity of your cash back is attractive.
If you want to earn a higher return on your business expenses or have more options for redeeming your rewards, one of the following cards will likely be a better fit.
If you spend enough to justify paying an annual fee: The Capital One Spark Cash Plus earns a higher 2% back on all purchases but has a $150 annual fee. You'll get your annual fee refunded after you spend $150,000 each year, so this is a better option if you spend enough to reap this card's additional benefits. For more details, check out our full review of the Spark Cash Plus.
If you want more reward redemption options: The Capital One Spark Miles Select for Business (no longer available) earns rewards as miles, allowing you to transfer your rewards to any of Capital One's 15-plus airline and hotel partners. For more details, check out our full review of the Spark Miles Select.
If you want to earn Chase Ultimate Rewards: The (see rates and fees) also earns an unlimited 1.5% cash back on all purchases. But if you also have a card that allows you to transfer your rewards to travel partners, like the (see rates and fees) or the (see rates and fees), you can transfer the rewards you earn with the Ink Business Unlimited as well. For more details, check out our full review of the Ink Business Unlimited.
The information for the Spark Miles Select for Business has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Is the Spark Cash Select worth it?
The Spark Cash Select allows you to get the full value of your welcome bonus and cash-back rewards without having to worry about justifying an annual fee. However, if you spend enough to justify an annual fee or can maximize the bonus categories on other credit cards, this card isn't likely to spark joy.
If you want a business card that earns cash-back rewards at a flat rate and doesn't have an annual fee, the Spark Cash Select is a great option. But if you have significant business expenses, you'll want to opt for a card with higher earning potential and more substantial benefits.
For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.
