Spark 2% Cash Back Business Card | Capital One (2024)

FAQs

What credit score do you need for Capital One Spark business? ›

Capital One Spark Classic for Business

Business owners with less than excellent credit may not be approved for other business credit cards from Capital One, yet the Spark 1% Classic* is geared toward people with fair credit. This typically includes FICO scores between 580 and 669.

That equation of simplicity plus rewards, minus fees makes the calculation for carrying this card a relatively easy one, if you can qualify. As the name suggests, you need excellent credit — typically a personal FICO score of 720 or higher — to qualify for the Capital One Spark Cash Select for Excellent Credit.

Capital One Spark Cash for Business and Spark Miles for Business: These cards generally offer credit limits ranging from $2,000 to as high as $30,000 to $60,000. The exact limit depends on the applicant's credit score, income, and other financial factors.

The Spark Miles doesn't offer as many perks and benefits as some pricier business cards, but it offers a surprising amount for a card with a $95 annual fee (waived the first year, see rates and fees). One useful perk is a statement credit for a Global Entry or TSA PreCheck application fee (up to $100).

Capital One Spark Classic for Business

It has no annual fee or foreign transaction fee. This card is also the easiest of the Spark credit cards to qualify for. You will have the best approval odds if you have “good credit” or a 670+ credit score.

No. *The Capital One Spark Cash Plus and Venture X Business cards only report to consumer credit bureaus if the account is not in good standing.

Capital One credit cards for fair credit include QuicksilverOne, Quicksilver Secured, and the Platinum Mastercard. Your credit score is only one of the many factors that determine your credit approval odds. The best way to know if you'll qualify is to get pre-approved.

Capital One Venture X Rewards Credit Card

A rating of 5 is the best a card can receive. Why it's one of the hardest credit cards to get: The Capital One Venture X Rewards Credit Card is hard to get because it requires excellent credit for approval and charges an annual fee of $395. You get a lot in return, though.

You need a credit score of 700 or higher (good to excellent credit) to get the best Capital One credit card offers. Other options are also available for people with lower scores, as it is possible to get approved for Capital One credit card with limited credit history or a bad credit score.

There is no general starting credit limit for Capital One credit cards. Your credit limit will be based on your creditworthiness once your application has been approved.

How to increase credit limit on Capital One Spark business card? ›

You'll need to provide us with information like your total annual income, employment status and sometimes monthly mortgage or rent payment, so have that in hand. If you're applying for a credit line increase for your Spark business credit card, you'll also need to provide last year's total business revenue.

For the best chance of approval, you need to have at least fair credit, which typically means a FICO® Score of 580 or higher. This card is one of few business credit cards with such lenient credit requirements. That said, your credit score isn't the only variable Capital One considers.

Capital One Spark Cash Plus: Rewards

You'll earn 2% unlimited cash back on every purchase, everywhere—with no limits or category restrictions.

And if you're a new Capital One credit cardholder and have yet to receive your physical credit card in the mail, you may be able to access your virtual card through the Capital One Mobile app to start making purchases and earning cash back rewards or miles immediately.

You need a personal credit score of 700 or higher to qualify for the best business credit cards. The exception to this rule is corporate cards, which usually don't check your credit score. Instead, these cards require that you have a certain amount of capital in a business bank account.

There is no published minimum, but anecdotal reports are that you may be able to be approved for a secured card with a credit score as low as 300. You will generally need a very good to excellent score, normally 740 or above, to be approved for Capital One's best credit cards.

There is no general starting credit limit for Capital One credit cards. Your credit limit will be based on your creditworthiness once your application has been approved.

Spark 1% Classic

Earn unlimited cash rewards while building your credit. Great for businesses that want to build credit.