MoneyGeek's Take

Best Capital One Credit Cards for Business in 2022

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.

Written By

Quality Verified

Reviewed By |

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

Advertising & Editorial Disclosure

Last Updated: 11/18/2022

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. For example, the Capital One Spark Cash Select - $500 Cash Bonus Card offers a one-time $500 cash bonus if you spend $4,500 on purchases in the first three months.

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
Summarized List of All Winners
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 - $500 Cash Bonus
A great no-annual-fee business card with 1.5% cash back
- Good-ExcellentRecommended Credit
- $0Annual Fee
- 1.5% Cash BackRewards Rate
- 1.5xRewards Rate on Gas
- 1.5xRewards Rate on Groceries
We recommend the Capital One Spark Cash Select - $500 Cash Bonus to people who’re looking for an alternative that comes with 1.5% cash back on all your business purchases.
Using this card outside of the U.S. makes sense as it does not charge overseas transaction fees. Employee cards come at no extra cost. Getting to select your own due date is a plus.
Other benefits include $0 fraud liability, downloadable purchase records, year-end summaries, extended warranty and complimentary roadside assistance.
Pros
$0 annual fee
Flat cash back across all categories
No foreign transaction fees
Free employee cards

Cons
Penalty APR might apply if you make a late or returned payment
Cash advance fees
No annual fees
1.5% cash back on all purchases
No added fees for employee cards with customized spending limits
Ability to assign account managers
Purchase records made available in Quicken, QuickBooks and Excel
$0 fraud liability to safeguard against fraudulent transactions
Complimentary roadside assistance for all cardholders
Get additional protection on eligible purchases through extended warranty
Disclaimer: Credit card offers are constantly changing. We work hard to stay updated with the latest information, but the offers listed on our site may no longer be available.
Terms, rates and fees apply
Capital One Spark Cash Plus
Excellent card for earning rewards through employee spending
- ExcellentRecommended Credit
- $150Annual Fee
- 2% Cash BackRewards Rate
- 2xRewards Rate on Gas
- 2xRewards Rate on Groceries
The Capital One Spark Cash Plus is ideal for businesses that wish to earn cash back as it offers 2% cash back on all purchases. It also comes with a sizeable early spend bonus offer through which you can earn up to a $1,000 cash bonus - $500 once you spend $5,000 in the first 3 months, and $500 once you spend $50,000 in the first 6 months.
$500 if you spend $5,000 in the first three months, and an additional $500 once you spend $5,000 in the first 3 months, and $2,500 once you spend $50,000 in the first 6 months of account opening.
Employee cards come at no extra cost. Setting up automatic payments and recurring transactions is possible. You get access to different expense management tools. This card comes with no foreign transaction fees. It charges an annual fee of $150.
Pros
Early spend bonus offer
2% cash back for each purchase with no restrictions on categories or spending limits
No monthly APR
Reward points have no expiration date
No fees for foreign transactions and over-limit spending
AutoPay available to pre-schedule payments

Cons
Annual fee of $150
APR penalty of 2.99% if you’re unable to pay your entire balance at the end of each month
Requires you to spend at least $200,000 to avail of the $200 annual cash bonus
The early spend bonus is paid in two tiers: $500 after spending $5,000 within the first three months and an additional $500 when you spend $50,000 within the first six months.
The annual fee is $150.
If employee cards are linked, all earn 2% reward points.
You can use reward points to buy gift cards or to pay for previous purchases.
You can get an emergency card replacement and a cash advance if your card is lost or stolen.
You can download purchase records in various formats such as Excel, QuickBooks and Quicken.
You can download year-end summaries for budgeting and tax-related purposes.
Disclaimer: Credit card offers are constantly changing. We work hard to stay updated with the latest information, but the offers listed on our site may no longer be available.
Terms, rates and fees apply
Capital One Spark Miles for Business
Best flat-rate rewards card for frequent flyers
- Good-ExcellentRecommended Credit
- $95Annual Fee
- 2 Miles per $1Rewards Rate
- 2xRewards Rate at Hotels
- 2xRewards Rate on Groceries
We recommend the Capital One Spark Miles for Business to businesses that want to earn cash back on their spending. You also get to earn a 50,000 miles early-spend bonus by spending $4,500 on purchases in the first three months.
Booking hotels and rental cars through Capital One Travel comes with 5X miles per dollar. All other purchases earn 2x miles per dollar.
Using this card outside of the U.S. is ideal as it charges no foreign transaction fees. Cardholders get two free visits to Capital One Lounges each year as well as credit toward Global Entry or TSA PreCheck fees.
There is no annual fee to pay for the first year, but you need to pay $95 per year thereafter. Employee cards come at no additional cost.
Pros
Flat-rate rewards of 2X bonus miles
No foreign transaction fees
New cardholder offers
Free employee cards
Flexible payments

Cons
No special reward categories
High regular and penalty APR
Limited travel partners for rewards redemption
Spend $4,500 in the first three months and earn 50,000 bonus miles
$0 intro annual fee for the first year, $95 per year thereafter
2X miles per dollar
Employee cards
Set up automatic payments.
Zero fraud liability
Year-end itemized summaries for tax and budgeting purposes
Purchase records in multiple formats
Virtual card numbers for making safer payments online
Tracking and monitoring of all cards
Purchase alerts for all cards
Lock and unlock cards using mobile app or online banking
Disclaimer: Credit card offers are constantly changing. We work hard to stay updated with the latest information, but the offers listed on our site may no longer be available.
Terms, rates and fees apply

Methodology

Experts at MoneyGeek take a close look at all the new and existing Capital One credit cards for business each month. They then select the top one after comparing them across parameters such as early spend bonus offers, annual fees, cash back/miles rates, APRs and foreign transaction fees.

If you’re wondering what business cards from other issuers have to offer, you may benefit by taking a look at our selection of all the top business credit cards.

10%

Welcome Offer

Travel and Cash Back Rate

-5%

Average Annual Fee and APR

Summary of the Best Capital One Cards for Business

Take a look at how all the top alternatives fare against each other by going through this Capital One business cards comparison table. It tells you who each card is best suited for, its cash back/miles rate, the annual fee you need to pay and the credit needed to apply.

Credit Card
Best For
Avg. Reward Rate
Annual Fee
Credit Needed
Capital One Spark Cash Select - $500 Cash Bonus
A great no-annual-fee business card with 1.5% cash back
1.5% Cash Back
$0
Capital One Spark Cash Plus
Excellent card for earning rewards through employee spending
2% Cash Back
$150
Capital One Spark Miles for Business
Best flat-rate rewards card for frequent flyers
2 Miles per $1
$95

MONEYGEEK EXPERT TIP

When comparing business credit cards, factor in the annual fee against the rewards earned. Some small business owners may not spend enough to offset the annual fee versus a card with no fee and a slightly lower rewards rate. -- Lee Huffman, credit card expert at BaldThoughts.com.

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. This is the only business charge card that Capital One provides as of now.

Early spend bonus

The early spend bonus you stand to earn depends on the card you get. For example, while the Capital One Spark Cash Select - $500 Cash Bonus Card 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 offers a two-staged spending bonus. You'll receive $500 cash back if you spend $5,000 in the first three months, plus an additional $500 cash back if you spend a total of $50,000 in the first six months.

Cash back/miles rate

The cash back or miles per dollar you earn is not the same across all Capital One business cards. With the Spark Classic Card, which is meant for those who wish to build their credit, you get 1% cash back on all business purchases. The no-annual-fee Spark Cash Select Card, on the other hand, comes with 1.5% cash back on all business purchases.

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 - $500 Cash Bonus Card makes for the best no-annual-fee choice.

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. However, this aspect requires your attention if you’re looking at cards from other issuers.

Other features/perks

Card-specific benefits may come in the form of free employee cards, $0 fraud liability, access to business management tools, payment flexibility, auto payments, roadside assistance and extended warranty. The Capital One Spark Miles for Business Card lets you transfer your miles to partner loyalty programs.