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Capital One Spark Cash Select – $500 Cash Bonus

Flat-Rate Cash Back

Rewards Value
star 4
Features
4
APR
3
Rewards Flexibility
3
Issuer Customer Experience
3

Rewards Rate

$500

after spending at least $4,500 on purchases within 3 months of opening an account (welcome bonus may fluctuate)

1.5%

unlimited cash back on business-related purchases

5%

unlimited cash back on rental cars and hotels booked through Capital One Travel

Welcome Bonus

There’s a one-time welcome bonus of $500 available for qualifying members. This bonus may fluctuate, however, so it’s possible to receive a higher bonus.

APR

or 18.24-24.24% Variable APR

Pro & Cons

  • pros icon Earn 1.5% unlimited cash back on business purchases
  • pros icon Using Capital One Travel comes with 5% cash back
  • pros icon $500 cash bonus for qualifying members
  • pros icon No annual fee
  • cons icon Requires excellent credit
  • cons icon High penalty APR
  • cons icon High APR on cash advances
  • cons icon Few other benefits or perks

Capital One Spark Cash Select – $500 Cash Bonus

The Capital One Spark Cash Select Business credit card is a rewards credit card that’s designed for individuals with excellent credit who want a card for business related purposes. It has no annual fee and is a no-fuss credit card. It also comes with a $500 one-time welcome bonus for qualifying members.

Sign up Bonus

U.S. Bank Visa® Platinum Card

U.S. Bank Visa® Platinum Card
6
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Good for:

Low Introductory APR

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0%

introductory APR for 18 months on purchases and balance transfers made within 60 days of opening an account

Rewards

U.S. Bank Altitude® Go Visa Signature® Card

U.S. Bank Altitude® Go Visa Signature® Card
6
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Multiple rewards options

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4x

points for dining, takeout, and restaurant delivery

2x

points for grocery store shopping, grocery delivery, gas stations, EV charging states, and streaming services

1x

point on every other eligible purchase

0%

introductory APR for 12 months

Cash back

Capital One Quicksilver Secured Cash Rewards

Capital One Quicksilver Secured Cash Rewards
6
star star star star star

Good for:

Flat-Rate Cash Back

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5%

cash back when using Capital One Travel to book a rental car or hotel

1.5%

cash back on everyday purchases

Rewards Redemption

To redeem your rewards, sign into your account or call Capital One and make the request. Or you can opt for automatic redemption, which can occur at specific times or upon earning a certain amount in cash back.
You can request your cash back in the form of a check, a gift card, or as a statement credit on your account. Alternatively, you can use your cash back at travel.capitalone.com when booking a hotel, flight, or car rental.

Terms, Rates and Fees

The Capital One Spark Cash Select card comes with no annual fee. It also has no foreign transaction fees.
However, it does have a variable-rate APR ranging from 18.24% to 24.24% for everyday purchases and balance transfers. Cash advances come with a 31.99% APR. Moreover, there’s a penalty APR of 34.40% — this occurs whenever you make a late payment.
Cash advances also come with a one-time fee of either 3% or $3 of the withdrawn amount, depending on which is greater. If you make a late payment, you’ll also incur a $39 charge to your account.
As for credit limit, it depends on creditworthiness. However, the minimum credit limit is $2,000. Your minimum payment amount will be your current balance (if less than $15) or 1% of your current balance plus any other fees or interest charges.

Maximize Benefits and Avoid Fees

  • Earn the welcome cash bonus. This one-time benefit comes from spending at least $4,500 within 90 days of activating your account. If you do this, you can receive a $500 cash bonus.
  • Prioritize traveling. When you use Capital One Travel to book hotels or reserve rental cars, you’ll earn 5% cash back. This is much higher than the typical rate.
  • Take advantage of cash back. You can earn 1.5% from everyday business expenses. For example, if you spend $50,000 a month for your business's everyday needs, you could earn $9,000 in cash back each year.
  • Use the employee cards. This credit card also comes with complementary employee credit cards that can also accumulate cash back rewards. It’s also possible to set the spending limit on these cards.
  • Consistently pay off your balance. By paying off your balance in full each month, you can avoid potentially high interest charges.

How to Apply

Here’s how to apply for the Capital One Spark Cash Select Credit Card:

  • Head to Capital One’s main page, hover over “Credit Cards,” and select “Business Rewards.”
  • Then, choose “Spark 1.5% Cash Select.” There are two options, one that offers a cash bonus and another that offers 0% introductory APR. Choose the former to be taken to this card’s information page.
  • When you’re ready to start the application, select “Apply Now” to begin the application process.
  • You’ll need to provide some personal information, such as your phone number, email, legal name, SSN or ITIN, date of birth, and residency. You’ll need to provide details about your business role, personal earnings, and monthly mortgage or rent payment.
  • Once that’s done, input more information about your business. This includes its legal structure, name, address, age, type, industry, business revenue and expenditures, and your EIN.
  • After filling out the bulk of the application, select whether or not you want to go paperless. Also, read through the important disclosures and details regarding this credit card.
  • Finally, review your application and make any necessary changes. If everything looks good, proceed to submit your application.

Qualification Requirements

Requirement

Description

Credit score & credit history

Excellent (740+)
No non-discharged bankruptcy
No credit lock or security freeze with any of the credit bureaus
May not qualify with account delinquencies

Income

Unspecified minimum
May include business income, employment or self-employment income, retirement income, interest or dividends, etc.
May include income from someone else on the account if you’re 21 years old or older

Job-status

You must be currently operating a business in an authoritative capacity (e.g., business owner or president)

Citizenship/residency

US citizen or permanent resident
Physical address in the U.S. or a U.S. military location

Age

18+ years old with a valid SSN or ITIN

Required documents

Documents verifying business ownership (upon request)

What Makes This Card Appealing?

One of the biggest draws with the Capital One Spark Cash Select card is it’s one-time welcome bonus and unlimited cash back options — either 1.5% or 5%. Another major benefit is that business owners can benefit from no annual fees and several other features that make managing business expenses easier. This includes year-end summaries, purchase records, and free employee credit cards, which also earn cash back.