Our Verdict
Capital One business credit cards are a good option if you run a small business and want to earn rewards without having to worry about annual fees or spending caps. The Spark Miles for Business card offers unlimited 2X miles on all purchases, and there’s a $150 annual travel credit that you can use for Capital One Travel bookings. If you’re looking for a cash back card, the Spark Cash Business card offers unlimited 2% cash back on all purchases. Both cards also come with a variety of business-friendly features, such as employee cards and purchase protection.
However, it’s important to note that Capital One business credit cards do have some downsides. For example, the interest rates on these cards can be high, so it’s important to pay your balance off in full each month to avoid paying interest. Additionally, some of the cards have foreign transaction fees, so you need to be aware of that if you do any business travel.
Pros
- Require no annual fee.
- Offer generous rewards.
- Provide business-friendly functionalities.
- Are flexible in payment.
- Offer enticing travel perks.
- Boast of stellar customer service.
Cons
- Charge foreign transaction fees.
- Require high interest rates.
- Demand a solid credit score.
- Offer limited transfer partners.
Who Capital One Business Credit Cards Are Best For
Consider a Capital One business credit card if you’re someone who:
- Travels often
- Spends a lot and seeks flexibility.
- Wants everyday spending and cash back.
- Is building credit.
- Has specific business needs.
>>>MORE: Capital One Business Loans Review
Who Capital One Business Credit Cards Aren't Right For
Capital One business credits are not everyone’s best option. For example, choose another business credit card if you’re someone who:
- Has complex business needs.
- Requires specific rewards preferences.
- Runs a business with high potential for interest charges
- Engages in frequent international transactions.
- Travels infrequently.
- Has a business with poor credit.
What Capital One Business Credit Cards Offers
Capital One offers a diverse range of business credit cards each meeting your specific spending needs and reward preferences. Here’s a breakdown of what you get using a Capital One business credit card:
Rewards
- Cash back: Cards like Spark Cash Select and Spark Cash Plus offer unlimited 1.5% or 2% cash back on all your purchases, respectively, with no annual fees. You also enjoy features like welcome bonuses upon reaching specific spending thresholds on some Capital One business credit cards.
- Travel rewards: Spark Miles for Business earns unlimited 2X miles on all purchases, and Capital One Venture X for Business offers 2X miles on all purchases, 5X miles on flights booked through Capital One Travel, and 10X miles on hotels and rental cars. Both cards provide annual travel credits and access to Capital One Travel booking portal with transfer partners for airline miles or hotel stays.
Features
- No annual fees: Many Capital One business cards boast no annual fees, keeping your overhead costs low.
- Employee cards: Offer control over your spending limits and track individual employee expenses for simplified accounting.
- Purchase protection: Provide coverage against theft, damage, or accidental loss for eligible purchases you make with the business credit card.
- Year-end summaries: Generate comprehensive reports for easier tax filing and expense tracking.
- Business-specific benefits: Enjoy access to discounts on business services, software, and shipping through Capital One partnerships.
Capital One Business Credit Cards Details
Spark 2% Cash Back
Earn unlimited 2% cash back on all purchases, no annual or foreign transaction fees. Flexible spending capacity allows spending above the credit limit without penalty. Receive a $200 bonus for $5,000 spending in the first 3 months, and an additional $200 for $50,000 spending in the first 6 months.
Spark 1.5% Cash Back
The Spark 1.5% Cash Back offers you unlimited 1.5% cash back, no annual or foreign transaction fees. 0% intro APR on purchases for 9 months. Get a $200 bonus for $3,000 spending in the first 3 months.
Spark 1.5% Cash for Good Credit Score
This business credit card is similar to Spark 1.5% Cash Back, but works for good credit. It has a lower credit limit and higher APR, but offers the same cash back rewards and bonus.
Spark 1% Classic
Earn unlimited 1% cash back on all purchases. No annual or foreign transaction fees. Ideal if you’re a business owner with average credit, featuring fraud coverage and account alerts.
Spark Miles Plus
Earn unlimited 2X miles on all purchases, no annual or foreign transaction fees. Enjoy flexible spending capacity, with a 50,000 miles bonus for $5,000 spending in the first 3 months and an additional 150,000 miles for $50,000 spending in the first 6 months.
Spark Miles Select
Get an unlimited 1.5X miles on all your purchases, with no annual or foreign transaction fees. It also offers a 0% intro APR on purchases for 9 months. Receive a 20,000 miles bonus for $3,000 spending in the first 3 months.
Where Capital One Business Credit Cards Stands Out
Offer rewards programs
Capital One offers competitive rewards programs, allowing you to earn cash back or miles on your spending.
Project flexible redemption options
Capital One provides flexibility in redeeming rewards, allowing you to use rewards for various expenses, including travel, statement credits, or even to cover specific purchases.
Are good for building credit
Capital One is popular for providing credit-building opportunities, making its business credit cards accessible for a range of business owners. Whether you have a solid credit or not, there’s a Capital One business credit card that meets your situation.
Offer security features
Capital One prioritizes security, offering features like virtual card numbers and real-time purchase notifications to help protect against fraud.
Support customizable spending limits
Some Capital One business cards offer you the ability to your spending limits for employees, providing control over expenses.
Require no annual fee options
Capital One provides business credit cards with no annual fees, catering to your needs if you’re looking to minimize costs.
>>>PRO TIPS: Best Capital One Credit Cards
Where Capital One Business Credit Cards Fall Short
Offer limited rewards program options
Capital One’s business credit cards do not provide as diverse or specialized rewards programs compared to some competitors, limiting options for your specific spending preferences.
Require foreign transaction fees
Some Capital One business credit cards charge foreign transaction fees, making international business expenses costlier. It’s essential to check the terms of the specific card you’re considering.
Require annual fees
Some Capital One business credit cards have annual fees. If you’re looking to avoid such fees, find alternative business credit cards with no annual fees or lower costs.
Feature introductory APR periods downside
Capital One has shorter introductory 0% APR periods compared to some other issuers. If you’re planning large purchases, find longer promotional periods elsewhere.
How to Qualify for Capital One Business Credit Cards
Getting a Capital One business credit card is a straightforward process. However, it’s ideal to start by checking which of the business credit cards you qualify for. Here’s a list of what to do so as to qualify:
- Complete business registration: Ensure you legally register your business, with all necessary documentation, such as an Employer Identification Number (EIN).
- Establish business credit: Build a positive business credit history by making timely payments on existing loans and credit accounts.
- Maintain personal creditworthiness: Maintain a solid personal credit score, as the financial institution considers it during the application process for business credit cards.
- Prepare financial statements: Have up-to-date financial statements, including income statements and balance sheets, to demonstrate your business’s financial health.
- Provide business information: Furnish accurate details about your business, including its structure, industry, revenue, and years in operation, when completing the application.
- Review credit card terms: Thoroughly review the terms and conditions of the specific Capital One Business Credit Card you want to ensure it aligns with your business needs.
- Submit a complete application: Complete the application accurately, providing all necessary information and supporting documents to enhance your chances of approval.
How to Apply for Capital One Business Credit Cards
To apply for a Capital One Business Credit Card, follow these steps:
- Visit the capital one website: Navigate to the official Capital One website to explore the available business credit card options.
- Choose a business credit card: Select the specific Capital One Business credit card that best suits your business needs and preferences.
- Review card details: Carefully review the card’s terms, features, benefits, and fees to ensure it aligns with your financial goals.
- Click “Apply Now“: Once you choose a card, click on the “Apply Now” button on the card’s webpage.
- Provide business information: Complete the application form with accurate details about your business, including its name, address, industry, and structure.
- Submit personal information: Enter personal information as required, including your name, Social Security Number, and other relevant details.
- Enter financial details: Provide information on your business’s financials, including revenue, expenses, and any other details the financial institution requires.
- Review application: Double-check all the information you enter to ensure accuracy before submitting your application.
- Consent to terms and conditions: Agree to the terms and conditions Capital One outlines for the specific credit card you’re applying for.
- Submit the application: Click the “Submit” or “Apply” button to send your application to Capital One for review.
- Wait for approval: Allow time for Capital One to review your application. You can receive an instant decision or a notification about the approval status via email or mail.
- Activate your new business credit card: If approved, follow the step-by-step instructions to activate your Capital One Business Credit Card.
Alternatives to Capital One Business Credit Cards
Chase Business Credit Cards
Chase business credit cards offer a diverse range of options tailored to meet the financial needs of your business. Popular for their competitive rewards programs, Chase business credit cards often provide substantial benefits, including significant sign-up bonuses, robust points or cash back earning structures, and valuable perks for business-related expenses. The Chase Ink Business Preferred Credit Card, for instance, stands out with its generous rewards on travel and advertising, along with comprehensive travel benefits. On the other hand, the American Express Blue Business Cash™ Card from Chase offers you a no-annual-fee option with cash back rewards and flexibility in spending.
TD Bank Business Credit Cards
TD Bank offers a range of business credit cards that provide a variety of benefits, including rewards programs, expense management tools, and competitive interest rates. TD Bank’s business credit cards often come with features such as customizable spending limits, detailed reporting, and the ability to earn cash back or points on eligible purchases. The bank emphasizes accessibility and customer support, aiming to assist you in effectively managing your finances. Additionally, TD Bank offers introductory APR periods and other promotional features, making its business credit cards appealing options you can explore if you’re seeking financial flexibility and rewards.
>>>GET SMARTER: Best Credit Cards for Good Credit
Customer Reviews
Capital One receives a bad rating of 1.3 out of 5-star rating based on 2, 187 customer reviews on Trust Pilot. Unhappy customers lament on the bank’s inability to activate their credit cards, while others express their annoyance for receiving less-than-stellar service, making huge annual fees, and so on. Remember that these reviews encompass Capital One’s entire banking services and are not limited to its business credit card products.
Pro Tips
- Prepare: Gather all necessary financial documents and business information to streamline the application process.
- Establish your business’s creditworthiness: Build a solid business credit history by paying bills on time and managing existing credit responsibly.
- Research different card options: Explore various Capital One business credit card options to find the one that best aligns with your business needs and spending patterns.
- Keep in touch: Reach out to Capital One’s customer service for guidance, clarifications, or assistance throughout the application process.
Recap
Capital One business credit cards are a compelling choice you can explore if you’re seeking financial solutions tailored to your business needs. With a diverse range of cards offering competitive rewards, cashback, and travel benefits, Capital One accommodates various business spending preferences. The straightforward application process and accessible customer service contribute to a user-friendly experience.
Additionally, the business credit cards’ commitment to fraud protection and customizable account management tools enhance security and control for you. While individual business credit card features vary, Capital One’s business credit cards generally provide a solid option you can explore if you’re looking to optimize your business expenses and earn valuable rewards.
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