Credit Cards
Spark 1% Classic Credit Card review: perfect for small businesses
Looking for a business credit card with no annual fee? The Capital One Spark 1% Classic Credit Card may be the perfect fit for your small business to grow. Read our full review to learn why!
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Spark 1% Classic Credit Card: Take your business one step further!
The Capital One Spark 1% Classic Credit Card is the perfect way to get ahead in the business world. With no annual fee, and a great rewards program, the card has it all.
You can get 1% back on every purchase you make – from office supplies to travel expenses.
How to get a Spark 1% Classic Card?
Learn everything you need to know about how to apply for the Capital One Spark 1% Classic Card and get started on your business expenses!
- Credit Score: You need at least a fair credit score to qualify for this card.
- APR: You’ll get a 29.74% variable for purchases, transfers and cash advances with your Spark 1% Classic.
- Annual Fee: Build your credit and grow your business with a $0 annual fee.
- Fees: 32.4% penalty APR (when/if applies), $3 (or 3%) cash advance fee, and a late payment fee up to $39.
- Welcome bonus: There is no current welcome offer with the Spark 1% Classic.
- Rewards: Earn unlimited 1% back on all purchases with your Spark 1% Classic Card. You can also earn 5% back when you book hotels or rent cars using Capital One’s travel program.
The card is available for applicants with a fair credit score, which is not common with business cards. With very few fees, you can save money to invest back into your business while you improve your own credit rating.
Plus, Capital One also offers additional benefits like travel and purchase protection, flexible payment options, and more.
To learn what else this credit solution can do for you and your business, keep reading our Capital One Spark 1% Classic Credit Card review below!
Spark 1% Classic Credit Card: how does it work?
The Spark 1% Classic Credit Card is an excellent choice for small business owners who want to maximize their savings and build their scores. With this card, you can get 1% back on all purchases and 5% on travel bookings through Capital One.
This card charges no annual fee and offers a variable 29.74% on purchases, transfers and cash advances. You can redeem your rewards for any amount and they don’t expire as long as your account remains open and in good standing.
The Spark 1% Classic Credit Card offers useful features for business owners such as $0 Fraud Liability, Year-End Summaries, Purchase Records, Employee Cards, Extended Warranty and more.
With the Capital One Spark 1% Classic, you can save more and get the most out of your business purchases.
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Significant benefits and disadvantages you may find
The Capital One Spark 1% Classic Credit Card is one of the most highly rated business cards due to its various perks and benefits. But is it really worth it? Let’s break down the pros and cons to help you make an informed decision.
Benefits
- One of the few business cards that accepts applicants with a fair score;
- You can earn unlimited rewards on your purchases (business related or not);
- The Spark 1% Classic helps you improve your credit score;
- You’ll have access to business management tools.
Disadvantages
- The card has a very high variable APR, which means you could pay a lot of interest if you can’t pay your balance in full every month.
Is a good credit score required for applicants?
You can apply for the Spark 1% Classic Credit Card even if you have a fair score and a limited credit history. However, you need to provide Capital One with the legal names, addresses and SSNs for all business owners.
You also need to present your legal business name, address and business tax ID number so the bank can properly review your application.
Learn how to apply and get a Spark 1% Classic Credit Card
Are you in the market for a new business credit card that will help increase your cash flow and make it easier to manage day-to-day expenses? If so, then consider applying for the Capital One Spark 1% Classic Credit Card.
With its lucrative rewards program and rich suite of benefits, this card can be an invaluable asset to any small business. Read on to find out more about the application process and how this card could help take your business finances to the next level!
How to get a Spark 1% Classic Card?
Learn everything you need to know about how to apply for the Capital One Spark 1% Classic Card and get started on your business expenses!
About the author / Aline Barbosa
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