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The Spark 1.5% Cash Select for Excellent Credit – Product Name Only is worth considering if you’re looking for a no-annual-fee business credit card with a solid welcome bonus offer and straightforward earning — but if you’re looking for upscale perks there are better options out there.
Capital One is making a big push to be the go-to choice for aspiring entrepreneurs by issuing some of the best small business cards. One, the Spark 1.5% Cash Select for Excellent Credit, is designed to deliver what every business needs: cash.
Capital One Spark Cash Select Review: Is the Capital One Spark Cash Select the Best Credit Card for You?
For nearly every purchase you make on the Spark 1.5% Cash Select for Excellent Credit – Product Name Only, you’ll earn 1.5% cash back. There are no minimums and no expiration dates, which lets you focus your energy on your business instead of ever thinking about earning limitations once you cross a certain spending threshold.
There is no annual fee for the Spark 1.5% Cash Select for Excellent Credit, and there’s a welcome bonus offer of a Spark 1.5% Cash Select for Excellent Credit.
So, think about your upcoming business expenses: If you have to book some flights or purchase some pricey office equipment in the near future, that bonus may be within easy reach.
Who should and shouldn’t consider the Capital One Spark Cash Select for Excellent Credit
Capital One makes it easy to understand how the bank perceives your past financial decisions with a simple description of the key components that make up an excellent credit score:
No bankruptcy declarations or loan defaults
No payments on credit cards, medical bills, or loans that are more than 60 days late in the past year
A loan or credit card with a credit limit above $5,000 that has been open for the past three years
If you don’t check all those boxes, Capital One has a Spark 1.5% Cash Select for Good Credit that might be a better fit — there’s no welcome bonus offer, though, but it does offer a Spark 1.5% Cash Select for Good Credit (then a Spark 1.5% Cash Select for Good Credit APR).
If you can satisfy all those requirements, it’s time to think about your expectations from a credit card. If you want luxury travel benefits and you’re willing to shell out a sizable annual fee each year, this isn’t for you — you may be better off with one of the best premium credit cards like The Business Platinum Card® from American Express.
Even if you don’t have a full-time or traditional business, you could still qualify for a small-business credit card. Side gigs, freelance work, or even work like driving for Uber …read more
Source:: Business Insider
