Best Capital One Credit Cards for Business in 2024

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As a business owner, you can choose to get a credit card or a charge card from Capital One. The best of the lot let you earn cash back or miles on all your business spending. The top ones do away with foreign transaction fees as well.

It is common for Capital One business credit cards to come with early spend bonus offers. The top Capital One business credit cards also issue you employee cards at no charge and allow you to set individual spend limits. Other aspects that you’ll want to pay close attention to when choosing a card include annual fees, APRs and added benefits.

MoneyGeek's Take: Top 3 Capital One Business Credit Cards

The cash back or miles per dollar rate you stand to earn depends on the card you get, and this also holds true for the annual fee you might need to pay. We have selected the best Capital One Business credit cards after considering these factors and others, such as early spend bonus offers, APRs, foreign transaction fees and additional features.

Quick Summary

Capital One Spark Cash Select: Best for rewards on travel with no annual fee
Capital One Spark Cash Plus: Best for unlimited rewards through employee spending
Capital One Spark Miles for Business: Best for flat-rate rewards for travelers

Capital One Spark Cash Select

REVIEW & APPLY

On Issuer's Site

Rewards Earning

Earn 1.5% cash back on every purchase. And 5% cash...

Regular APR

17.99% – 23.99% variable

Annual Fee

Recommended Credit

740-850 (Excellent)

This card is a great all-round business card, offering a decent flat rate for rewards, a sizable sign up bonus and the convenience of no additional fees for foreign transactions. If you're a small business owner looking for a no-annual-fee cash back card, this deserves a spot on your shortlist.
PROS
- Unlimited 1.5% cash back
- 5% cash back on hotels and rental cars booked through Capital One Travel
- Bonus cash back on travel booked through Capital One Travel
- Generous sign up bonus
- No annual fee
- No foreign transaction fees
- Free employee cards
CONS
- Flat-rate cash back could be higher
- No intro APR offer
- No options to redeem points for travel
Introductory Offers
- Earn a $500 bonus after spending $4,500 in the first three months.
Rewards
- Earn 1.5% cash back on all purchases.
- Enjoy 5% cash back on travel booked through Capital One Travel.
APRS, Fees, and Penalties
- No annual fee.
- No foreign transaction fees.
Perks & Benefits
- Free employee cards.
- Track and monitor all cards.
- Access business reporting options, including year-end itemized summaries for taxes and purchase records in multiple formats.

Capital One Spark Cash Plus

REVIEW & APPLY

On Issuer's Site

Rewards Earning

Earn unlimited 5% cash back on hotels and rental c...

Regular APR

N/A (charge card)

Annual Fee

$150

Recommended Credit

740-850 (Excellent)

The Capital One Spark Cash Plus Credit Card is a compelling option for business owners due to its robust reward structure. Notably, it provides an above-average cash back rate, bolstered by additional rewards on travel purchases, creating the potential for substantial savings. A generous welcome bonus adds to the allure, although it comes with a high spending requirement. The card's annual fee is waived for high spenders, and it offers a suite of business tools designed to streamline expense management.
PROS
- High flat-rate cash back on all spending
- Bonus cash back on select travel purchases
- Generous one-time cash bonus
- Comprehensive suite of business tools
- No foreign transaction fees
CONS
- No option to carry a balance
- Annual fee with lower spending
- Introductory Offers
  - Earn a one-time cash bonus of $2,000 after spending $30,000 in the first three months.
  - Receive an additional $2,000 cash bonus for every $500,000 spent in the first year, with no limit on how many times you can earn this bonus.
- Rewards
  - Earn unlimited 2% cash back on every purchase, with no category restrictions.
  - Earn 5% cash back on hotels and rental cars booked through Capital One Travel.
- Perks & Benefits
  - Enjoy a spending limit that adapts to your business needs, with no preset limit based on your spending behavior and credit profile.
  - Empower your team with free employee and virtual cards, and earn rewards from their transactions.
  - Automatically sync your transaction data with your accounting software.
  - Spend $150,000 annually to get your $150 annual fee refunded.
- APRS, Fees, and Penalties
  - The Spark Cash Plus card requires you to pay your balance in full each month, as there is no APR.

Capital One Spark Miles for Business

REVIEW & APPLY

On Issuer's Site

Rewards Earning

5 Miles per dollar on hotels, vacation rentals and...

Regular APR

25.74% variable

Annual Fee

$0 intro for first year; $95 after that

Recommended Credit

670-850 (Good to Excellent)

The Capital One Spark Miles for Business is a highly rewarding card ideal for businesses with a diverse range of expenses, particularly those with frequent travel needs. It offers a substantial welcome bonus and a generous rate of return on spending, transforming business expenses into valuable travel rewards. The card shines with its unparalleled flexibility in redeeming rewards, accommodating multiple travel loyalty programs and providing unrestricted freedom in redemption. Useful business tools, like free employee cards and comprehensive financial summaries, make this card a strategic business asset, although it’s important to mind the above-average APR.
PROS
- Earn miles on every purchase
- Flexible redemption options
- Application credit for Global Entry/TSA PreCheck
- Useful business tools and free employee cards
- No foreign transaction fees
CONS
- Annual fee after first year
- High regular APR
- No intro APR offers
- Introductory Offers
  - Earn a one-time bonus of 50,000 miles after spending $4,500 in the first three months.
- Rewards
  - Earn unlimited 2X miles per dollar on every purchase, everywhere.
  - Get unlimited 5X miles on hotels, vacation rentals, and rental cars booked through Capital One Travel.
- Perks & Benefits
  - Transfer your miles to over 15 travel loyalty programs.
  - Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services.
  - Receive up to a $120 credit for Global Entry or TSA PreCheck.
  - Free employee cards that also earn unlimited 2X miles from their purchases.
- APRS, Fees, and Penalties
  - Enjoy a $0 intro annual fee for the first year; $95 after that.

How to Compare Capital One Credit Cards & Intro Offers

Capital One credit cards for business come with varied features and benefits. As a result, you need to pay attention to multiple aspects when making a selection.

1
Charge or credit card
If you need a no preset spending limit (NPSL) business card, you may want to look at what the Capital One Spark Cash Plus Card has to offer.
2
Early spend bonus
The early spend bonus you stand to earn depends on the card you get. For example, the Capital One Spark Cash Select offers a one-time $500 cash bonus if you spend $4,500 on purchases in the first three months. The Capital One Spark Cash Plus Card, on the other hand, offers a much higher bonus of $1,200 accompanied by a much higher spending requirement of $30,000 in the first three months.
3
Cash back/miles rate
The cash back or miles per dollar you earn is not the same across all Capital One business cards. The no-annual-fee Spark Cash Plus, offers 2% cash back on all business purchases and 5% cash back on hotels and rental cars booked through Capital One Travel. The Spark Miles for Business offers essentially the same rewards rates, but in the form of miles.
4
Annual fee
Capital One gives businesses the option of choosing from business cards that come with and without annual fees. The Capital One Spark Cash Select makes for the best no-annual-fee choice. You'll need to evaluate your spending to decide if the $95 fee for the Spark Miles for Business ($0 in the first year) or the $150 annual fee for the Spark Cash Plus (refundable with $150,000 spending in a year), might be worth it for your business.
5
APR
If you plan to maintain a revolving balance on your card from one month to the next, pay particular attention to this aspect. In such a scenario, you might be better off getting a low APR card that may or may not offer rewards/cash back.
6
Foreign transaction fees
Capital One business credit cards come without foreign transaction fees, so you won't have to worry about transacting with overseas merchants or using the card while traveling abroad for work.

For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

About Doug Milnes, CFA

Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.

Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.

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*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Learn more about our editorial policies and expert editorial team.
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Best Capital One Credit Cards for Business in 2024

MoneyGeek's Take: Top 3 Capital One Business Credit Cards

How to Compare Capital One Credit Cards & Intro Offers

Charge or credit card

Early spend bonus

Cash back/miles rate

Annual fee

APR

Foreign transaction fees