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Capital One® Spark® Classic is a credit card that offers cash back and rewards. It’s designed for small-business owners, freelancers, and people who don’t have time to manage their finances or track the data on other cards.
The “capital one spark classic for business pre qualify” is a credit card offered by Capital One. The card has no annual fee, and it offers a variety of rewards including cash back, points, or miles.
For company owners with fair credit, the Spark® Classic for Business by Capital One® is the ideal option. This small business credit card, when used carefully, will help you develop and enhance your credit. Additionally, you may earn fixed-rate rewards on all business-related transactions without having to pay an annual fee with this unsecured credit card.
Spark® Classic for Business by Capital One®
Our editorial team uses industry specialists to generate the scores for Fit Small Business. The kind of credit card (cash back or travel) as well as the card’s rates, fees, rewards, and other benefits like insurance are all taken into account in our grading methodology.
Owners of fair credit businesses (580 to 669)
Apply Now
on Spark® Classic for Business by Capital One®’s secure website.
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APR on a regular basis
269,9% (Variable)
Credit is required.
Average, Reasonable, and Limited
- Every time you swipe, you’ll get 1% cash back.
- Build your company’s credit by using it responsibly.
- Employee cards may be distributed for free.
Pros
- Possibility of obtaining business credit
- Fair credit is all that is required.
- There is no yearly charge.
Cons
- There is There is no preamble. APR of 0%.
- There is no sign-up incentive.
- High APR
- Purchase protection: If your qualifying products are stolen or damaged during the first 90 days of purchase, Capital One will replace, repair, or refund you.
- Protection under the Extended Warranty: On qualifying products bought with your business card, you’ll receive an extra year of warranty protection, up to one year beyond the manufacturer’s guarantee.
- Collision Damage Waiver for Car Rentals: You’re covered for damage due to collision or theft when you rent an eligible car with your Spark® Classic for Business by Capital One® card.
APR on a regular basis
269,9% (Variable)
Credit is required.
Average, Reasonable, and Limited
- Every time you swipe, you’ll get 1% cash back.
- Build your company’s credit by using it responsibly.
- Employee cards may be distributed for free.
Pros
- Possibility of obtaining business credit
- Fair credit is all that is required.
- There is no yearly charge.
Cons
- There is There is no preamble. APR of 0%.
- There is no sign-up incentive.
- High APR
- Purchase protection: If your qualifying products are stolen or damaged during the first 90 days of purchase, Capital One will replace, repair, or refund you.
- Protection under the Extended Warranty: On qualifying products bought with your business card, you’ll receive an extra year of warranty protection, up to one year beyond the manufacturer’s guarantee.
- Collision Damage Waiver for Car Rentals: You’re covered for damage due to collision or theft when you rent an eligible car with your Spark® Classic for Business by Capital One® card.
How Do We Assess Fair Credit? Credit Cards for Businesses
When grading business credit cards like the Spark® Classic for Business by Capital One®, we first consider the annual fee and ongoing annual percentage rates (APRs). We also take into account the card’s ongoing rewards, security deposit requirements, introductory APR, and any other fees.
Who Spark® Classic for Business by Capital One® Is Best For
- Business owners who have personal credit scores between 580 and 669: The Spark® Classic for Business by Capital One® is an excellent unsecured credit card that helps build both personal and business credit.
- Owners of small businesses who want a rewards card with a set rate should: Without needing to keep track of category limits, you’ll receive an unlimited 1% cash back on all purchases.
Spark® Classic for Business by Capital One® Fees
- APR for the first time: None
- Ongoing Annual Percentage Rate (APR): 26.99 percent variable—changes with prime rate
- There is no yearly charge.
- There is no charge for transferring your balance.
- Fees for international transactions: none
- Cash advance fee: $10 or 3%, whichever is greater—variable APR of 26.99 percent
Spark® Classic for Business by Capital One® Rewards
- There is no minimum to get 1 percent cash back on every transaction for your company.
Cash back is offered as a statement credit or a cheque sent to you upon request. You may also use your points to pay for a recent purchase made on your Capital One business credit card or as gift cards at restaurants, stores, and hotels.
Spark® Classic for Business by Capital One® Additional Features
Plan for Price Protection
Capital One’s Plan for Price Protection is only available through Visa® Signature Business Benefits. You can receive a price difference refund if you see a purchased item at a lower price in another store’s printed advertisement within 60 days of purchase. The refund amount is limited to $500 per item and $2,500 per eligible account.
Security Purchase
Security Purchase covers purchased items that were either stolen or damaged for the first 90 days after your purchase. It’ll replace, repair, or reimburse you up to the original purchasing price. Coverage is limited to $10,000 per claim and $50,000 per cardholder. Some purchases aren’t included with this coverage, such as animals, living plants, computer software, collectible items, jewelry, medical equipment, perishables, preowned items, and more.
Protection under the Extended Warranty
Capital One offers Protection under the Extended Warranty on original manufacturers’ warranties of three years or less. It’ll double the length of the warranty up to one additional year. Coverage is limited to $10,000 per claim and $50,000 per cardholder. Items not covered with this protection include computer software, medical equipment, real estate, preowned items, motorized vehicles, leased items, and resale items.
Insurance for Travel Accidents
Capital One provides Insurance for Travel Accidents, which is available through Visa® Signature Business Benefits. The coverage is limited to $250,000, and it covers you, your spouse, and unmarried dependent children. Coverage doesn’t include loss resulting from emotional trauma, mental or physical illness, suicide, intentionally self-inflicted injuries, war, and travel between the insured person’s residence and regular place of employment.
Reimbursement for Lost Luggage
The Reimbursement for Lost Luggage is part of Visa® Signature Business Benefits, which protects your checked luggage or carry-on baggage against theft or misdirection by the common carrier. Spark® Classic for Business by Capital One® Reimbursement for Lost Luggage covers the value of your checked or carry-on baggage up to $3,000 per trip. New York residents will only have coverage up to $2,000.
Collision Damage Waiver for Car Rentals
Capital One provides an Collision Damage Waiver for Car Rentals in case of damage due to collision or theft, and it covers rentals of 31 days or less. The coverage is primary if the car rental is for business purposes, which means you won’t need to use your personal insurance or accept the rental company’s insurance. Capital One may reimburse you up to the cash value of the car.
Services for travel and emergency assistance
The cardholder, their immediate family members, and any business colleagues have access to travel, emergency, medical, and legal support 24 hours a day, seven days a week from Capital One. Although the phone number is toll-free, you will be liable for any medical, legal, transportation, cash advance, or other services given.
Pros & Cons of the Spark® Classic for Business by Capital One®
Spark® Classic for Business by Capital One® Alternatives
Secured Credit Card from Wells Fargo
The Secured Credit Card from Wells Fargo is an excellent alternative for businesses that need to establish or improve their credit and can make a security deposit between $500 to $25,000. This card can help you build business credit by reporting your payment and usage behavior to the Small Business Financial Exchange. This is also a good option if you don’t want a card that reports to personal credit bureaus.
Secured Credit Card from Wells Fargo
Our editorial team uses industry specialists to generate the scores for Fit Small Business. The kind of credit card (cash back or travel) as well as the card’s rates, fees, rewards, and other benefits like insurance are all taken into account in our grading methodology.
Owners of businesses with bad credit
Apply Now
On the Safe Website of Wells Fargo
Compare with
APR on a regular basis
On purchases, Prime members get an extra 11.90 percent off.
- Option 1: Earn 1.5 percent cash back on every dollar spent.
- Option for Reward Points: Earn 1 point for every $1 spent, plus 1,000 additional points if your firm spends $1,000 or more in a monthly billing period.
- There is no yearly cost for the rewards program.
- A credit line of $500 to $25,000 is available.
- There is no risk of responsibility.
Pros
- With a credit score of less than 580, approval is possible.
- Fixed-rate cash back or points rewards are your options.
Cons
- A security deposit of at least $500 is required.
- Has a yearly charge
- Purchase Assurance: If an item is damaged or stolen within 90 days of purchase, Wells Fargo will fix, replace, or refund you.
- Design Studio: On your credit card, include a personal picture or a company design.
APR on a regular basis
On purchases, Prime members get an extra 11.90 percent off.
- Option 1: Earn 1.5 percent cash back on every dollar spent.
- Option for Reward Points: Earn 1 point for every $1 spent, plus 1,000 additional points if your firm spends $1,000 or more in a monthly billing period.
- There is no yearly cost for the rewards program.
- A credit line of $500 to $25,000 is available.
- There is no risk of responsibility.
Pros
- With a credit score of less than 580, approval is possible.
- Fixed-rate cash back or points rewards are your options.
Cons
- A security deposit of at least $500 is required.
- Has a yearly charge
- Purchase Assurance: If an item is damaged or stolen within 90 days of purchase, Wells Fargo will fix, replace, or refund you.
- Design Studio: On your credit card, include a personal picture or a company design.
Good Credit Capital One® Spark® Cash Select
The Good Credit Capital One® Spark® Cash Select is a good alternative if you have a credit score that’s high enough to qualify for this card. This business credit card also offers fixed-rate cash back with There is no yearly charge.. Consider this card if you need to finance a large purchase, as it offers an introductory 0% APR for 12 months.
Good Credit Capital One® Spark® Cash Select
Businesses with excellent credit that seek a 0% introductory APR
Apply Now
Capital One’s Protected Website
Compare with
APR on a regular basis
15.99 percent to 23.99 percent of the population
- Earn an unlimited 1.5 percent cash back on every transaction, anywhere, with no limitations or category restrictions for your company.
- In addition to the large incentives and cash bonus you might receive, there is no yearly charge.
Pros
- There is no yearly charge.
- Purchases can be financed at 0% APR for a period of 12 months.
- Employee cards are available at no cost.
Cons
- Balance transfers are not eligible for the 0% APR.
- There is no benefit for signing up.
- The cash back benefits aren’t as good as they might be.
- Foreign transaction fees are not charged on purchases made outside of the United States.
- $0 fraud liability: Advance emergency replacement for lost and stolen card plus a cash advance fraud liability: Emergency replacement card for lost or stolen card with a cash advance. fraud liability: Emergency replacement card for lost or stolen card with a cash advance.
- Jump-starting, tire replacement, and towing are examples of roadside help.
APR on a regular basis
15.99 percent to 23.99 percent of the population
- Earn an unlimited 1.5 percent cash back on every transaction, anywhere, with no limitations or category restrictions for your company.
- In addition to the large incentives and cash bonus you might receive, there is no yearly charge.
Pros
- There is no yearly charge.
- Purchases can be financed at 0% APR for a period of 12 months.
- Employee cards are available at no cost.
Cons
- Balance transfers are not eligible for the 0% APR.
- There is no benefit for signing up.
- The cash back benefits aren’t as good as they might be.
- Foreign transaction fees are not charged on purchases made outside of the United States.
- $0 fraud liability: Advance emergency replacement for lost and stolen card plus a cash advance fraud liability: Emergency replacement card for lost or stolen card with a cash advance. fraud liability: Emergency replacement card for lost or stolen card with a cash advance.
- Jump-starting, tire replacement, and towing are examples of roadside help.
Secured Visa Credit Card OpenSky®
The Secured Visa Credit Card OpenSky® isn’t a business credit card, but you can still use it for business-related purchases. This card is a great option for new business owners who need to build both personal and business credit because the issuer doesn’t require a credit check upon application.
Visa® Secured OpenSky® Credit Card
Owners of businesses having a credit score of less than 580
Apply Now
on Visa® Secured OpenSky® Credit Card’s secure website.
Compare with
APR on a regular basis
Variable 17.39 percent
Credit is required.
There is There is no credit check..
- There is There is no credit check.. needed to apply—OpenSky® won’t pull your credit so there’s no impact on your credit score.
- By putting a refundable deposit ranging from $200 to $3,000, you may determine your own credit limit.
- To help you establish or enhance your credit score, OpenSky® sends your activity to credit bureaus such as Equifax®, Experian®, and TransUnion®.
Pros
- There is There is no credit check.. required
- Aids in the development of credit
- The yearly charge is low.
Cons
- There is no preamble. APR
- There are no incentives.
- A security deposit is required.
- Set up email notifications to remind you to make a payment or when your credit limit is about to be reached.
- Automatic payments: To guarantee that your card is paid on time, you may set up periodic automatic payments.
- All of the features of a Visa® credit card: This card has all of the benefits of a Visa® credit card, such as global acceptance and fraud protection.
APR on a regular basis
Variable 17.39 percent
Credit is required.
There is There is no credit check..
- There is There is no credit check.. needed to apply—OpenSky® won’t pull your credit so there’s no impact on your credit score.
- By putting a refundable deposit ranging from $200 to $3,000, you may determine your own credit limit.
- To help you establish or enhance your credit score, OpenSky® sends your activity to credit bureaus such as Equifax®, Experian®, and TransUnion®.
Pros
- There is There is no credit check.. required
- Aids in the development of credit
- The yearly charge is low.
Cons
- There is no preamble. APR
- There are no incentives.
- A security deposit is required.
- Set up email notifications to remind you to make a payment or when your credit limit is about to be reached.
- Automatic payments: To guarantee that your card is paid on time, you may set up periodic automatic payments.
- All of the features of a Visa® credit card: This card has all of the benefits of a Visa® credit card, such as global acceptance and fraud protection.
Conclusion
The Spark® Classic for Business by Capital One® is best for business owners who need a card that will help them build both personal and business credit without having to make a security deposit. If this card isn’t what you need, visit our Credit Card Marketplace and check out our guide to the best small business credit cards to find other cards that may be a better fit.
The “capital one spark classic for business requirements” is a credit card that offers rewards to users who spend on it. The card is perfect for people who want to earn cash back or points without having to carry a balance.
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