Capital One Spark Cash Select Credit Card-Detailed Review

By | August 31, 2021

The Capital One Spark Cash Select Credit Card is a flat-rate Cash card, which offers you an unlimited Cashback reward of 1.5% on all purchases made by you. Since it is a flat-rate cash card, it is a good credit card for you if you spend on various types of categories, since it gives you a clear insight of what cashback rewards should you expect after each transaction.

Since it is a credit card, you will have a credit limit, unlike a charge card, and will only be able to spend up to a certain amount before you need to pay off your balance again.

The Capital One Spark Cash Select card comes in two different versions. Capital One Spark Cash Credit Card – Good Credit Score is best suited for you if your credit score is good or very good but not excellent (670-799).

Capital One Spark Cash Select Credit Card- Excellent Credit Score is a good Credit Card for you if your credit score is Excellent (800 or above).

This card does not charge you any Annual Fee & Foreign Transaction Fees. Moreover, it offers you a welcome bonus of $4,500 as you make purchases worth $4,500 within the first 3 months of account opening.

On the flip side of the spectrum, it does not offer you the introductory APR, which implies that you will be charged the regular APR of 13.24%-19.24%, which is relatively lower than the Spark Cash Select- Good.

What’s Ahead

  1. Fees of Capital One Spark-Cash Select Credit
  2. Benefits of Capital One Spark Cash Select Credit Card
  3. Drawbacks of Capital One Spark Cash Select Credit Card
  4. Best Alternatives of Capital One Spark Cash Select Credit Card
  5. Verdict: Is Capital One Spark Cash Select Credit Card worth it?
Capital One Spark Cash Select Credit Card
Capital One Spark Cash Select Credit Card

Fees of Capital One Spark Cash Select Credit Card

Fees & RatesAmount ($)
Balance Transfer FeesN/A
Cashback RewardsUnlimited Cashback Reward of 1.5%
Intro APRN/A
Regular APR13.24% -19.24% (Depending upon your Credit Worthiness).
Annual FeeN/A
Foreign Transaction FeesN/A

Benefits of Capital One Spark Cash Select Credit Card

#. 1 Welcome Bonus

Capital One Spark Cash Select offers you a generous welcome bonus of $500 as you make purchase purchases worth $4,500 using the card within the first 3 months. While it is not the most generous sign-up bonus, the feasibility of a decent Welcome Bonus makes it a good card.

# 2. 1.5% Unlimited Cashback Rewards

Capital One Spark Cash offers you a limitless Cashback Reward of 1.5% on any purchase made by you, irrespective of category, volume. This decent, consistent cashback makes it a good deal in case you spend randomly, and don’t want to calculate cashback over and over again.

# 3. No Foreign Transaction Fees & No Annual Fees

Spark Cash Select by Capital One does not charge you any penny for foreign transaction fees, which can be a deal-breaker for many businesses. It can easily save them hundreds or even thousands of dollars on foreign purchases. If you subsequently travel overseas for work, this feature is going to be so helpful for you.

In addition to the generous welcome bonus & decent cashback reward, you also enjoy an annual fee of $0 (since it is a no-annual fees card).

# 4. Free Employee Cards

As the primary account holder, you will be able to distribute credit cards to your employees and earn rewards for all their spending on those cards. You can also set a spending limit on your employee cards. Moreover, you will be able to see their transactions as soon as they make a purchase.

# 5. Warranty Extension

The Capital One Spark Cash Select offers you a free subsidiary warranty and protection on eligible items purchased by you using the card. You may even get some additional time on an original manufacturer’s warranty of three years or less.

# 6. Automatic Payment: AutoPay

Capital One gives you another facility of Automated Payments. It requires you to set up AutoPay and you are good to go. Now you don’t need to worry about signing into your account every month.

#7. $0 Fraud Liability

In case of loss or theft of your card, you can get a free emergency replacement along with a cash advance.

# 8 . Year End Summaries

As a cardholder of Spark Cash, you get access to an itemized report of your expenses that extensively help you simplify your budgeting.

# 9. Purchase Records

You can quickly and securely download your record of transactions made using this cord into multiple formats including Quicken, Quick Books & Excel.

# 10. Concealed Card Numbers

You can make safer payments online without exposing your actual card number to merchants, thanks to the Virtual Card Numbers.

Drawbacks of Capital One Spark Cash Select Credit Card

# 1. No intro APR

Unfortunately, the Capital One Spark Cash Select Credit Card does not offer you an introductory APR on purchases or balance transfers. This perk can be helpful for businesses who want to carry a balance on large start-up purchases and would enjoy a touch of leeway paying them off.

# 2. No Bonus Spending Categories

Another limitation of Capital One Spark Cash Select Credit Card is that it does not offer you bonus spending categories. It features a flat earning rate across all categories. If your business tends to spend significantly on a particular spending category, you may be better off if you go for a different card, that gives you a bonus category.

# 3. Relatively Lower Cashback Rewards

Capital One Spark Cash Select Credit Card offers you a Cashback Reward of 1.5% on all categories, which is relatively lower as compared to Capital One Spark Cash Plus, which offers you a consistent, and simplistic Cashback Reward of 2% on all categories.

If you want to maximize Cashback Rewards on Purchases made within various Categories, then you would be better off with Chase Ink Business Cash that offers you a lucrative range of Cashback Offers, which include the following:

  • 5% Cashback on combined purchases worth $25,000 made for office supplies, cable, internet, phone purchases each account anniversary year.
  • 2% Cashback on the first 25,000 spent in combined purchases at Gas Stations, Restaurants each account anniversary year.
  • 1% Cashback Reward on all other purchases.

Best Alternatives of Capital One Spark Cash Select Credit Card

Capital One Spark Cash Plus:

Capital One Spark Cash Plus is a better card than Capital One Spark Cash Select Credit Card since it offers you a higher Cashback Reward of 2% on all purchases made by you.

Moreover, it offers you a higher welcome bonus of $1,000 ($500 after spending $5,000 within the first six months & $500 later on spending $50,000) as compared to $500 on spending $4,500 within the first 3 months of account opening.

Chase Ink Business Cash:

Chase Ink Business Cash is a better card than Capital One Spark Cash Select Credit Card since it offers you a lucrative cashback reward on certain categories, which are as follows:

  • 5% Cashback Reward on purchases of Office Supplies, Cable, Internet, Phone (with a spending cap of $25,000).
  • 2% Cashback Reward on purchases made at Gas Stations & Restaurants. ( with a spending cap of $25,000).
  • 1% Cashback Reward on all other transactions.

Moreover, it offers you a higher Cashback Reward of $750 on purchases of $7,500 made by you within the first 3 months of Account Opening.

Capital One Spark Cash Select Credit Card vs Capital One Spark Cash Plus

Capital One Spark Cash Plus is a better pick due to its 2% Cashback Reward on all purchases, along with a higher Welcome Bonus of $1,000 ($500 on purchases made up to $5,000 & $500 on purchases made up to $50,000). Another upper hand of Spark Cash Plus is No APR is charged for it.

However, Capital One has some minor advantages like No Annual Fees. Late Fees of 2.99% on missing a monthly payment are applicable on Capital One Spark Cash Plus.

Capital One Spark Cash Select Credit Card vs Chase Ink Business Cash

Chase Ink Business Cash has an upper hand due to its lucrative Cashback Rewards on various purchases- like 5% on Office Supplies, Internet, Cable, Phone, 2% on Restaurants & Gas Stations, 1% on all other purchases.

Another upper hand of Chase Ink Business Cash is the higher welcome bonus of $750 on spending $7,500 within 90 days of Account Opening, as compared to $500 offered by Capital One Spark Cash Select.

Capital One Spark Cash Select Credit Card on the other hand has an upper hand due to 0% Balance Transfer Fees (as compared to $5 or 5%, whichever is higher is charged by Chase Ink Business).

No Foreign Transaction Fees is another upper hand of Capital One Spark Cash Select ( as compared to 3% charged by Chase Ink).

TypesCapital One Spark Cash Select Credit CardCapital One Spark Cash PlusChase Ink Business Cash
Welcome Bonus/Sign-up Bonus$500 Cashback on spending $4,500 within the first 3 months of Account Opening.$1000 Cashback ($500 Cashback Rewards on purchases worth $5,000 & $500 on purchases of $50,000.$750 Cashback if you spend at least $7,500 within the first 3 months of your account opening date.
Cashback RewardsUnlimited Cashback Reward of 1.5% on all purchases made.Unlimited Cashback Reward of 2% on all purchases made.(A).5% Cashback Reward on purchases made up to $25,000 of Office Supplies, Cable, Internet, Phone Purchases each account anniversary year.

(B).2% Cashback Reward on purchases up to $25,000 made at Restaurants & Gas Stations.

(C).1% Cashback Reward on all other purchases made.
Intro APRN/AN/A0% APR applicable for the first 12 months.
Regular APR13.24%-19.24%N/AVariable 15.49%-21.49%
Annual FeeN/A$150N/A
Balance Transfer FeesN/AN/A$5 or 5% balance transfer fees of the total transaction.
Foreign Transaction FeesN/AN/A3%
Comparison Chart

Verdict: Is Capital One Spark Cash Select Credit Card worth it?

Capital One Spark Cash Select Credit Card

If you prefer leisure & comfort more over the cashback rewards, then Capital One Spark Cash Select Credit Card is totally worth it. Its AutoPay, Easy Access to Purchase Records, Year-End Summaries, Virtual Card Numbers give you more convenience & security.

Editor's Rating:
4.3

If you prefer higher Cashback more, then you should choose Chase Ink Business Cash due to the more lucrative Cashback offers, which enable you to maximize the Cashback Rewards on most of your purchases.

Frequently Asked Questions

Here are the some Frequently Asked Questions about Capital One Spark Cash Select Credit Card.

  1. What Credit Score is Required to qualify for Capital One Spark Cash Select?

    An Excellent Credit Score of 800 & above is required to qualify for Capital One Spark Cash Select.

  2. What makes Capital One Spark Cash stand out apart from other credit cards?

    AutoPay (Automatic Payment, if activated by cardholder), Virtual Card Numbers (which maximizes the security), Easy Availability of Purchase Records & Year-End Summary makes it stand out apart from other credit cards.

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