Best Capital One Credit Cards for Business in 2024

fact checked icon

Updated: March 14, 2024

Advertising & Editorial Disclosure

Shield Insurance

MoneyGeek partners with leading industry experts and advertisers to help you get to your financial happy place. Our content is accurate when posted but offers may change over time. We may receive compensation for partner advertisements, but our editorial team independently reviews and ranks products. Learn more about our editorial policies.

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.

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
    Capital One Spark Cash Select for Excellent Credit
  • 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 unlimited 2% cash back on all your purchases, with no spending caps or category restrictions.
    • Earn a one-time cash bonus of $1,200 after spending $30,000 in the first three months.
    • The card's spending limit adjusts based on your spending behavior, payment history, and credit profile. It has no preset spending limit.
    • You can add employee cards for free, and all purchases from employee cards also earn unlimited 2% cash back.
    • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel.
    • The Spark Cash Plus card has no APR since your balance is due in full every month.
    • Comes with a $150 annual fee. The fee is refundable if you're able to spend at least $150,000 in one year.
    Capital One Spark Cash Plus
  • Capital One Spark Miles for Business

    Best flat-rate rewards card for frequent travelers


    • 2X - 5x milesRewards 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
    Capital One Spark Miles for Business

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.

1
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.

2
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.

3
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.

4
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.

5
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.

6
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.

Further Reading

About Rajiv Baniwal


Rajiv Baniwal headshot

Rajiv Baniwal is a former finance writer at MoneyGeek, with more than 15 years of experience covering financial topics. His expertise includes mortgages, loans, credit cards, insurance and international money transfers.

Baniwal has a bachelor’s degree in art studies from Delhi University.


    *Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
    Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Learn more about our editorial policies and expert editorial team.
    Advertiser Disclosure: MoneyGeek has partnered with CardRatings.com and CreditCards.com for our coverage of credit card products. MoneyGeek, CardRatings and CreditCards.com may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.