October 12th, 2011
Review: Capital One Sparks Interest in Business Credit Cards
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Capital One (a Credit Karma advertiser) has introduced a new line of business credit cards entitled Spark. The cards fall into three distinct categories: Average Credit, Miles and Cash Back.
Spark Classic: Get Solid Cash Back without Excellent Credit
The new Capital One Spark Classic for Business card is targeted at business owners with average credit, likely between 550 – 639. It’s great for building business credit with cash back rewards.
Spark Miles: Buying to Fly
For customers who have excellent credit and are interested in earning airline miles, the Spark Miles for Business and Spark Miles Select for Business are now available. The Spark Miles Select for Business card is great for low introductory rates and miles that won’t come with expiration dates or limits to how many you can earn. If your credit is excellent, a better option might be the Spark Miles for Business card, which offers 2 miles per dollar on every purchase, every day.
Spark Cash: Cash Back with Compromises
The right credit card for you
Are any of these cards right for you and your business? It mostly depends on your business’ spending habits month to month. If you think you’ll be spending significantly month to month, a cash back or miles card is a good way to earn extra on your business. However, if you need to carry a balance, low APR rates are a much more important consideration.
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