The Capital One Spark Cash Select for Good Credit 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 21.24% – 29.24% 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.
MoneyGeek’s Take
Capital One Spark Cash Select for Good Credit Card Review
Updated: June 14, 2024
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Capital One Spark Cash Select for Good Credit Card
Rewards Rate
Earn 1.5% cash back on all purchases and 5% cash b...APR
21.24%–29.24% variableAnnual Fee
$0Recommended Credit
670-850 (Good to Excellent)
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Capital One Spark Cash Select for Good Credit Card Overview
The Capital One Spark Cash Select for Good Credit Card’s benefits make it a solid cash back card for small business owners. MoneyGeek highlighted some of the perks it has to offer.
Quick Take
- 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
Important Card Details
Before going through with your Capital One Spark Cash Select for Good Credit Card application, it’s important to understand the fees that come with this cash back card. Here is an overview.
Annual Fee
The Capital One Spark Cash Select for Good Credit 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 21.24% – 29.24%, based on your creditworthiness.
Cash Advance APR
This card has a high interest rate of 29.99% 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.
Additional Benefits
You can take advantage of the other features included in Capital One Spark Cash Select for Good Credit Card in addition to the 1.5% cash back benefit.
- 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.
How the Capital One Spark Cash Select for Good Credit Card Compares To Other Cards
While Capital One’s Spark Cash Select for Good Credit Card 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.
How the Spark Cash Select for Good Credit Card Compares
Capital One Spark Cash Select for Good Credit Card
- Annual Fee: None
- Cash Back Reward Rate: 1.5% on every purchase
- Foreign Transaction Fee: None
- Regular APR: 21.24% – 29.24% 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
Frequently Asked Questions
What is the average credit score needed to get approved for Capital One Spark Cash Select for Good Credit Card?
You need a good credit score to qualify for this card.
Does Capital One Spark Cash Select for Good Credit Card report to all three credit bureaus?
Yes, Capital One shares account information with all three major credit bureaus.
Is the Capital One Spark Cash Select for Good Credit Card application process lengthy? Can you prequalify?
The process for the Capital One Spark Cash Select for Good Credit Card application takes about 10 minutes, and you get a decision in seconds.
What information is needed to apply for Capital One Spark Cash Select for Good Credit Card?
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 Capital One Spark Cash Select for Good Credit Card 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 Capital One Spark Cash Select for Good Credit Card 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 Capital One Spark Cash Select for Good Credit Card raise credit limits automatically or charge for limit increases?
You may get a free credit line increase if you pay your bills on time frequently.
Does Capital One Spark Cash Select for Good Credit Card 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 Capital One Spark Cash Select for Good Credit Card?
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.
About Doug Milnes, CFA
Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.
Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.
sources
- Capital One. "Capital One Spark Cash Select for Good Credit Card." 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.
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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.