What is the average credit score needed to get approved for Spark 1.5% Cash Select?

You need a good credit score to qualify for this card.

Does Spark 1.5% Cash Select report to all three credit bureaus?

Yes, Capital One shares account information with all three major credit bureaus.

Is the Spark 1.5% Cash Select application process lengthy? Can you prequalify?

The process for the Spark 1.5% Cash Select application takes about 10 minutes, and you get a decision in seconds.

What information is needed to apply for Spark 1.5% Cash Select?

You provide basic personal information (name, address, date of birth and Social Security number) and your business information (legal business name, registered address and business tax ID number).

Does Spark 1.5% Cash Select have good customer service or satisfaction?

Capital One’s entire credit card line offers 24/7 customer service. The issuer also ranked third in J.D. Power’s latest survey on overall customer satisfaction.

Does Spark 1.5% Cash Select have a mobile app or the option to pay or manage your account online?

Yes, you can use Capital One’s website or mobile app to manage your account, download account statements and more.

Does Spark 1.5% Cash Select raise credit limits automatically or charge for limit increases?

You may get a[ free credit line increase](https://www.moneygeek.com/credit-cards/advice/increase-credit-limit-with-capital-one/) if you pay your bills on time frequently.

Does Spark 1.5% Cash Select offer the options to freeze your credit/account or have other security features?

Yes, you can lock credit cards if they get misplaced, lost or stolen. Additionally, you get notified if suspicious activities are detected on your account.

Does Capital One offer other credit cards besides Spark 1.5% Cash Select?

Capital One has a wide array of credit cards for personal and business customers. Those that fall under the same category — cash back — as the Capital One Spark Cash Select - $500 Cash Bonus - Good Credit are Spark Cash Select - Excellent Credit, Spark Cash Plus and Spark Cash Classic.

MoneyGeek's Take

Spark 1.5% Cash Select Review

Small business owners who want an unlimited cash back credit card with no annual fee can choose Capital One’s Spark 1.5% Cash Select. It comes with a 0% introductory APR and a fuss-free reward redemption program.

Advertising & Editorial DisclosureLast Updated: 1/17/2023

Reviewed By

The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

The Capital One Spark 1.5% Cash Select card lets you earn a flat rate of 1.5% cash back for everything you spend money on, with no limits or category restrictions. Its 0% intro APR applies to purchases for 12 months, which can be helpful if you’re planning to finance a big business purchase. However, you pay an 20.24% – 28.24% variable APR based on your creditworthiness after the intro period. MoneyGeek covers the details of the Spark 1.5% Cash Select card to help you decide if it’s a good fit for you.

Card Details to Know Up Front

Bonus, Fee or Feature
Has or Not
Has Annual Fee
Has Balance Transfer Offer
Has APR Offer
Cash Back Rewards
Travel Rewards
Hotel Benefits
Airline Benefits
Has Rewarding Welcome Offer
Has Foreign Transaction Fee
Recommended Credit
Good–Excellent

Click to see this card’s rates, fees and how they compare to other cards in our dataset.

OUR REVIEW AT A GLANCE

Credit Card Details at a Glance
Pros & Cons Explained
Bonuses & Rewards Explained
Our Verdict: Is This Card for You?

Spark 1.5% Cash Select at a Glance

Small business owners looking for a straightforward cash back card without an annual fee find the Spark 1.5% Cash Select credit card worthy of keeping in their wallet. Plus, there’s no fee for foreign transactions, so you won’t have to worry about using the card overseas for business purchases like hotel stays.

Spark 1.5% Cash Select
A good no annual fee business credit card for earning cash back
- Good–ExcellentRecommended Credit
- 20.24% – 28.24% variableAPR
- $0Annual Fee
- 1.5% Cash BackRewards Rate
Pros
No annual fee
1.5% cash back on every purchase with no spending limits or restrictions on categories
0% introductory APR on purchases for 12 months, then a variable APR of 20.24% – 28.24%
No international transaction fee
Free employee cards

Cons
No early spend bonus
No special reward categories
Penalty APR for late payments
High APR for cash advances
No annual membership fee
1.5% flat-rate cash back on every purchase
Set up automatic payments
$0 fraud liability
Year-end itemized reports for budgeting and tax-related purposes
Purchase records in multiple formats
Extended warranty and protection on eligible items
Virtual Card Numbers for safer online transactions
Fraud and security alerts
Lock cards if they have been stolen or lost
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
Compare this credit card with other top-rated credit cards.

Pros & Cons Explained

The unlimited cash back on purchases benefit of the Spark 1.5% Cash Select card can be appealing to business owners. However, the card has some drawbacks that may be worth considering before you apply.

Pros

Benefits
Description
Cash back rewards
You get 1.5% cash back on every business purchase you make, without a rewards limit on what you can earn.
0% intro APR
You don’t have to pay interest for the first 12 months, which is good for financing big business purchases.
No annual fee
There’s no annual fee to use the card for your business.
No foreign transaction fees
Transactions made outside the United States do not carry a fee, making this card ideal for business owners who travel abroad for work.

Cons

Drawbacks
Description
No early spend bonus
There is no welcome bonus to reward the first few months of your spending.
No special reward categories
Due to its flat-rate cash back system, you won’t get any special rewards on categories where you spend more, such as office supply stores or media advertising.

LOOKING FOR THE BEST CREDIT CARDS OF 2022?

MoneyGeek evaluates credit cards on a monthly basis to rank our top picks for popular card categories. The Spark 1.5% Cash Select isn’t on our best-of list for cash back credit cards. But, you can check out the included cards in our guide for the best cash back credit cards to see if one of them suits your needs.

Bonuses & Rewards Explained

The Spark 1.5% Cash Select’s benefits make it a solid cash back card for small business owners. MoneyGeek highlighted some of the perks it has to offer.

Automatically Redeem Rewards

You can get your 1.5% cash back in the form of a check or a statement credit upon request. Setting up an automatic redemption preference for a specific calendar date or when your rewards reach a specific threshold makes the process more efficient.

Flexible Payment Schedule

You can pick your own monthly due date. That way, your business has complete control over when to pay. You can also set up an automatic payment so you won’t have to sign in to your account each month.

Free Employee Cards

You can get additional cards for your employees at no extra cost and earn rewards from their purchases. You can also set customized spending limits on the cards to prevent unauthorized spending sprees.

Extended Warranty and Protection

You can get extended warranty and protection on eligible items up to one additional year on warranties of three years or less up to a maximum of $10,000 per claim and $50,000 per cardholder.

Other Features Explained

You can take advantage of the other features included in Capital One’s Spark 1.5% Cash Select in addition to the 1.5% cash back benefit.

Card Feature
Description
No fraud liability
You won’t be responsible for any unauthorized charges if your card is lost or stolen.
Virtual assistant
Eno is Capital One’s virtual assistant tasked to keep an eye on your account 24/7 and reach out to you if it detects something strange in your card activity.
Security alerts
You get a text, email and phone call if Capital One notices potential suspicious transactions on your account.
Card lock capability
You can lock your card or an employee’s at a moment’s notice if it has been misplaced, lost or stolen.
Virtual card numbers
You can pay online without exposing your physical card number for a safer business transaction.
Customer support
You can contact a Capital One customer service representative 24/7. Its customer service team is specially trained to work with business owners and prepared to answer any questions or address any concerns.
Customer experience
Capital One ranked third out of 12 national issuers in the latest J.D. Power survey on overall customer satisfaction among credit card users.

MONEYGEEK QUICK TIP

You can get cash back rewards for any amount with no expiration date for the life of your account. You may also be eligible to transfer rewards. However, these transfers are only permitted between certain Capital One rewards accounts.

Understanding the Fine Print

Before going through with your Spark 1.5% Cash Select application, it’s important to understand the fees that come with this cash back card. Here is an overview.

Card Feature
Amount or Rate
APR
20.24% – 28.24% variable
Annual Fee
$0
Cash Back Rewards
Rewards Rate
1.5% Cash Back
Airline Benefits
Rewards Rate on Groceries
1.5x
Rewards Rate on Gas
1.5x
Rewards Rate on Dining
1.5x
Rewards Rate on Entertainment
1.5x
Rewards Rate on Online Shopping
1.5x
Rewards Rate on TV, Phone, Internet Services
1.5x
Rewards Rate on Air Travel
1.5x
Rewards Rate at Hotels
1.5x
Balance Transfer Fee
0%
Balance Transfer APR
20.24% – 28.24% variable
Late Fees
Up to $39
Cash Advance Fee
$3 or 3%, whichever is greater
Cash Advance APR
31.24% Variable
Foreign Transaction Fee
None

Annual Fee
The Spark 1.5% Cash Select card has no annual fee.
Cash Back Reward Rate
The card lets you earn 1.5% cash back on every purchase you make. Thanks to its flat-rate system, you won’t have to memorize reward categories or spending limits.
Purchase APR
This card has a 0% introductory APR for the first 12 months of your account opening. After that period is over, your variable APR is 20.24% – 28.24%, based on your creditworthiness.
Cash Advance APR
This card has a high interest rate of 31.24% for cash advances. Additionally, you have to pay 3% of the transaction amount.
Foreign Transaction Fee
There are zero fees for international transactions with this card.

WHERE TO FIND THIS INFORMATION?

When comparing Capital One Spark 1.5% Cash Select with other cards for small businesses, review the annual fees, APRs and other associated fees very closely. If you want to see how this card stacks up against a credit card you already have, check your latest monthly statement or visit your card provider’s website or app. You can also gather more information through the Consumer Financial Protection Bureau credit card agreement database.

Who Should & Shouldn’t Consider Spark 1.5% Cash Select?

Other Considerations for Spark 1.5% Cash Select

When you apply for a cash back business credit card, it’s important to analyze its benefits, terms and conditions, drawbacks and associated fees. Keep in mind the following factors before deciding to pursue a Spark 1.5% Cash Select application.

Things to Consider if This Will Be Your First or Only Credit Card

If you plan to make this your first or only card, it may be beneficial if you’re planning to finance a big business purchase because it has a 0% introductory APR. It can also be a good fit for you if you frequently travel overseas or don’t spend more in a specific category of your budget.

Things to Consider if This Will Be an Additional Card in Your Wallet

Capital One’s Spark 1.5% Cash Select can be beneficial as an additional card thanks to its lack of an annual fee and unlimited cash back limit. Consider pairing it with another card that provides bonus categories to maximize your rewards.

WHY TRUST OUR REVIEWS

MoneyGeek uses a comprehensive and structured methodology to review and rank credit cards. Our approach involves collecting credit card information, standardizing data points, factoring annual and introductory bonuses, determining the three-year value of cards and carrying out regular re-ranking.

How Spark 1.5% Cash Select Compares to Other Cards

While Capital One’s Spark 1.5% Cash Select has several benefits that are appealing to small business owners, like cash back, there may be other options that are worth considering in the same card category. For example, the Capital One Spark Cash Plus has a higher cash back reward rate at 2% that benefits business owners with a high amount of expenses.

Quick Comparison of the Capital One Spark Cash Select - $500 Cash Bonus - Good Credit

Spark 1.5% Cash Select

Annual Fee: None
Cash Back Reward Rate: 1.5% on every purchase
Foreign Transaction Fee: None
Regular APR: 20.24% – 28.24% variable
Best For: Small business owners who want a straightforward cash back card

Capital One Spark Cash Plus

Annual Fee: $150
Cash Back Reward Rate: 2% on every purchase
Foreign Transaction Fee: None
Regular APR: None (charge card)
Best For: Business owners with high expenses who want to maximize bonuses and rewards

Other Helpful Decision-Making Q&As

Understanding the answers to some frequently asked questions about Capital One’s Spark 1.5% Cash Select can help you make the right decision.

Still not sure about this card? Consider these options.

With the Spark 1.5% Cash Select you get 1.5% cash back on every purchase without category restrictions or earnings limits. Plus, you won’t pay an annual fee for the card. But, if you’re still on the fence about Capital One’s Spark Cash Select - Good Credit, take a look at other options in the small business or rewards category to see which one is best suited for your needs.

View All Credit Cards

Learn more about credit cards in general

sources

Capital One. "Spark 1.5% Cash Select." Accessed February 27, 2022.
Capital One. "Spark Business Card Benefits." Accessed February 27, 2022.
Capital One. "Your Guide to Card Benefits." Accessed February 27, 2022.
J.D. Power. "2021 U.S. Credit Card Satisfaction Study." Accessed February 27, 2022.

*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.
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