Best Capital One Credit Cards for Business in 2024

Name: Best Capital One Credit Cards for Business in 2024
Item: Best Capital One Credit Cards for Business in 2024
Author: Rajiv Baniwal

The best Capital One credit cards for business give you the ability to earn cash back or miles. Depending on the card you get, you may need to pay an annual fee. These cards come with early spend bonus offers too.

ByRajiv Baniwal

Reviewed byLee Huffman

ByRajiv Baniwal

Reviewed byLee Huffman

Updated: March 14, 2024

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As a business owner, you can choose to get a credit card or a charge card from Capital One. The best of the lot let you earn cash back or miles on all your business spending. The top ones do away with foreign transaction fees as well.

It is common for Capital One business credit cards to come with early spend bonus offers. The top Capital One business credit cards also issue you employee cards at no charge and allow you to set individual spend limits. Other aspects that you’ll want to pay close attention to when choosing a card include annual fees, APRs and added benefits.

OUR REVIEW AT A GLANCE

Our Top 3 Picks
Tips for Comparing Credit Cards

This article is part of our larger series on
Best Business Credit Cards

MoneyGeek's Take: Top 3 Capital One Business Credit Cards

Quick Summary

The cash back or miles per dollar rate you stand to earn depends on the card you get, and this also holds true for the annual fee you might need to pay. We have selected the best Capital One Business credit cards after considering these factors and others, such as early spend bonus offers, APRs, foreign transaction fees and additional features.

Capital One Spark Cash Select for Excellent Credit
A great no-annual-fee business card with 1.5% cash back
- 1.5% — 5% Cash BackRewards Rate
- 18.49% – 24.49% VariableAPR
- $0Annual Fee
- ExcellentRecommended Credit
This card is a great all-round business card, offering a decent flat rate for rewards, a sizable sign up bonus and the convenience of no additional fees for foreign transactions. If you're a small business owner looking for a no-annual-fee cash back card, this deserves a spot on your shortlist.
Pros
Unlimited 1.5% cash back
5% cash back on hotels and rental cars booked through Capital One Travel
Bonus cash back on travel booked through Capital One Travel
Generous sign up bonus
No annual fee
No foreign transaction fees
Free employee cards

Cons
Flat-rate cash back could be higher
No intro APR offer
No options to redeem points for travel
Spend $6,000 in the first three months and earn a $750 intro bonus
1.5% cash back on all purchases
5% cash back on travel booked through Capital One Travel
No annual fee
No foreign transaction fees
Free employee cards
Tracking and monitoring of all cards
Business reporting options, like year-end itemized summaries for taxes and purchase records in multiple formats
Terms, rates and fees apply
Capital One Spark Cash Plus
Generous flat-rate cash back on business expenses
- 2% Cash BackRewards Rate
- None (charge card)APR
- $150Annual Fee
- ExcellentRecommended Credit
The Capital One Spark Cash Plus Credit Card is a compelling option for business owners due to its robust reward structure. Notably, it provides an above-average cash back rate, bolstered by additional rewards on travel purchases, creating the potential for substantial savings. A generous welcome bonus adds to the allure, although it comes with a high spending requirement. The card's annual fee is waived for high spenders, and it offers a suite of business tools designed to streamline expense management.
Pros
High flat-rate cash back on all spending
Bonus cash back on select travel purchases
Generous one-time cash bonus
Comprehensive suite of business tools
No foreign transaction fees

Cons
No option to carry a balance
Annual fee with lower spending
Earn a one-time cash bonus of $1,200 once you spend $30,000 in the first 3 months Earn unlimited 2% cash back on every purchase, everywhere—with no limits or category restrictions Comes with no preset spending limit, so it can adapt to your needs based on your spending behavior, payment history and credit profile Get your $150 annual fee refunded every year you spend at least $150,000 Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel Add employee cards for free, and earn unlimited 2% cash back from their purchases $150 annual fee Spark Cash Plus has no APR because your balance is due in full every month
Terms, rates and fees apply
Capital One Spark Miles for Business
Best flat-rate rewards card for frequent travelers
- 2 Miles per $1Rewards Rate
- 26.24% VariableAPR
- $95 ($0 first year)Annual Fee
- Good–ExcellentRecommended Credit
The Capital One Spark Miles for Business is a highly rewarding card ideal for businesses with a diverse range of expenses, particularly those with frequent travel needs. It offers a substantial welcome bonus and a generous rate of return on spending, transforming business expenses into valuable travel rewards. The card shines with its unparalleled flexibility in redeeming rewards, accommodating multiple travel loyalty programs and providing unrestricted freedom in redemption. Useful business tools, like free employee cards and comprehensive financial summaries, make this card a strategic business asset, although it’s important to mind the above-average APR.
Pros
Earn miles on every purchase
Flexible redemption options
Application credit for Global Entry/TSA PreCheck
Useful business tools and free employee cards
No foreign transaction fees

Cons
Annual fee after first year
High regular APR
No intro APR offers
Earn a one-time bonus of 50,000 miles – equal to $500 in travel – once you spend $4,500 on purchases within the first 3 months from account opening Earn unlimited 2X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won't expire for the life of the account Unlimited 5X miles on hotels and rental cars booked through Capital One Travel Transfer your miles to 15+ travel loyalty programs Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services Fly through security with one statement credit for either the $85 TSA PreCheck® application fee or the $100 Global Entry application fee $0 intro annual fee for the first year; $95 after that Free employee cards which also earn unlimited 2X miles from their purchases
Terms, rates and fees apply

How to Compare Capital One Credit Cards & Intro Offers

Capital One credit cards for business come with varied features and benefits. As a result, you need to pay attention to multiple aspects when making a selection.

Charge or credit card

If you need a no preset spending limit (NPSL) business card, you may want to look at what the Capital One Spark Cash Plus Card has to offer.

Early spend bonus

The early spend bonus you stand to earn depends on the card you get. For example, the Capital One Spark Cash Select for Excellent Credit offers a one-time $500 cash bonus if you spend $4,500 on purchases in the first three months. The Capital One Spark Cash Plus Card, on the other hand, offers a much higher bonus of $1,200 accompanied by a much higher spending requirement of $30,000 in the first three months.

Cash back/miles rate

The cash back or miles per dollar you earn is not the same across all Capital One business cards. The no-annual-fee Spark Cash Plus, offers 2% cash back on all business purchases and 5% cash back on hotels and rental cars booked through Capital One Travel. The Spark Miles for Business offers essentially the same rewards rates, but in the form of miles.

Annual fee

Capital One gives businesses the option of choosing from business cards that come with and without annual fees. The Capital One Spark Cash Select for Excellent Credit makes for the best no-annual-fee choice. You'll need to evaluate your spending to decide if the $95 fee for the Spark Miles for Business ($0 in the first year) or the $150 annual fee for the Spark Cash Plus (refundable with $150,000 spending in a year), might be worth it for your business.

APR

If you plan to maintain a revolving balance on your card from one month to the next, pay particular attention to this aspect. In such a scenario, you might be better off getting a low APR card that may or may not offer rewards/cash back.

Foreign transaction fees

Capital One business credit cards come without foreign transaction fees, so you won't have to worry about transacting with overseas merchants or using the card while traveling abroad for work.