Capital One Spark Classic Business Credit Card Review

Verdict: The Capital One Spark Classic Business card is a no frills card. It’s reward program is lackluster and there are much better offers out there. Check out the Chase Ink Classic card as a better alternative to this card for your business expenses.

Spark Classic Overview & Rewards Program

As it’s name implies, this is a business credit card. It has no annual fee, but a variable APR that is currently very high at 22.9 percent on both purchases and balance transfers, meaning that customers will pay through the nose if they are late on their payments. It offers cash back rewards on all purchases.

Customers who use this card will earn 1 percent cash back on all purchases. The cash rewards never expire. Also, there is no limit to the amount of cash back that you could earn with this card. So, if you get this card and decide to buy a million dollar business property with it, you’ll net $10,000 in cash back rewards. Not a bad deal, but if you have that kind of money to throw around in the first place, that is chump change to you!

This card is fairly dry on benefits and rewards. As mentioned, customers will get 1 percent cash back on all purchases, hardly the best deal out there. Other than that, it offers a few perks that are standard to plenty of other cards out there. These include purchase protection, travel and emergency assistance, auto rental insurance and savings on hotels and dining. That’s about it.

Interest Rate, Fees & Other Fine Print

As mentioned, this card has no annual fee. There is no fee for balance transfers, so they are essentially free if they are paid off quickly. The remaining fees are comparable to those of most other credit cards. For a full list of fees, check the issuers website before applying.

How It Compares To Other Business Cards

Capital One Spark Classic vs Chase Ink Classic

The Chase Ink Classic card offers 15,000 bonus points after the first purchase. Also, it offers 10,000 bonus points after $5,000 is spent within the first 3 months. That is a total of 25,000 bonus points – worth $250. As the Capital One Spark Classic Business card does not offer any bonus points, this is a major advantage for the Chase Ink Classic card.

The Chase Ink Classic card offers 5 points per dollar spent on office supplies, wireless services, landline communications and cable services for the first $25,000 that is spent annually. It also offers 2 points per dollar spent on the first $25,000 that is spent annually on fuel and lodging. All other purchases are good for 1 point per dollar spent – the equivalent value of the 1 percent cash back that Capital One offers on all purchases. Essentially, the points system is much better on Chase’s offer.

Chase’s offer is also much better in terms of APRs. It offers a 0 percent introductory APR on purchases and balance transfers for 6 months and a variable APR on each after that of 13.24 to 19.24 percent. Even at the high end, each APR is lower than the current offer by Capital One. Most of the other APRs are also lower on Chase’s offer, although some of the fees are slightly higher. It has no annual fee, but it has a balance transfer fee of $15 or 5 percent, whichever is higher.

With lower APRs, up to $250 worth of bonuses, a much better points system and only modestly higher fees, the Chase Ink Classic card is a much better offer than the Capital One Spark Classic Business card. Go with Chase’s offer if you are deciding among the 2.


  • No annual fee
  • No fee on balance transfers


  • High APRs across the board
  • One percent cash back rewards are not all that great
About the author

Clay Wyatt

Clay Wyatt has an interest in helping people make rational financial decisions and holds a BBA in Economics. He worked in the finance industry for 5 years before becoming a writer.