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Capital One Spark Cash vs Ink Business Cash® Credit Card
This comparison aims to assist users in deciding between the Capital One Spark Cash and the Ink Business Cash® Credit Card. Both cards cater to business owners looking to maximize their cash back rewards, but they offer different features that may appeal to varying spending habits and financial goals.
Capital One Spark Cash Overview
The Capital One Spark Cash is designed for businesses that prefer a straightforward cash back program. It offers a generous rewards structure with unlimited cash back on every purchase, making it ideal for business owners who want to earn rewards without worrying about category restrictions.
Ink Business Cash® Credit Card Overview
The Ink Business Cash® Credit Card caters to businesses that frequently spend in specific categories. It offers tiered cash back rewards, making it a great option for those who can maximize their spending at office supply stores, gas stations, and restaurants. Additionally, the card has no annual fee, making it a cost-effective choice for business owners.
Detailed Feature Comparison
| Feature | Capital One Spark Cash | Ink Business Cash® Credit Card |
|---|---|---|
| Annual Fee | $0 intro for first year; $95 after that | $0 |
| Welcome Bonus | Earn $750 cash back once you spend $7,500 in the first 3 months | Earn $350 after spending $3,000 in the first 3 months; additional $400 after spending $6,000 in the first 6 months |
| Rewards Structure | 2% cash back on every purchase | 5% cash back on first $25,000 at office supply stores and on internet, cable, and phone services; 2% at gas stations and restaurants; 1% on all other purchases |
| Foreign Transaction Fee | None | None |
| Other Fees | None specified | None specified |
| Additional Benefits | Free employee cards; rewards don’t expire | Zero Liability protection; rewards can be redeemed through Chase Ultimate Rewards® |
Rewards Highlights
- Earn $750 cash back once you spend $7,500 in the first 3 months from account opening
- 5% cash back on hotels and rental cars booked through Capital One Travel
- 2% cash back on every purchase
Pros and Cons
Capital One Spark Cash Pros
- Unlimited 2% cash back on all purchases
- Free employee cards earn cash back
- Generous welcome bonus
- No foreign transaction fees
Capital One Spark Cash Cons
- $95 annual fee after the first year
- Higher spending requirement for welcome bonus
Ink Business Cash® Credit Card Pros
- No annual fee
- Tiered cash back rewards for specific categories
- Multiple welcome bonuses available
- Zero Liability protection
Ink Business Cash® Credit Card Cons
- Cash back categories are capped at $25,000 per year
- Lower cash back on non-category purchases (1%)
Who Should Consider Which Card?
- The Capital One Spark Cash is ideal for business owners who prefer simplicity and want to earn a consistent cash back rate across all purchases without worrying about limits or categories.
- The Ink Business Cash® Credit Card is better suited for businesses that frequently purchase office supplies or spend significantly on gas and restaurants, allowing them to take advantage of higher cash back rates in those categories.
Conclusion
In summary, both the Capital One Spark Cash and the Ink Business Cash® Credit Card offer valuable rewards for business owners. Your decision should depend on your spending habits and whether you prefer a straightforward cash back structure or the potential for higher rewards in specific categories. Assess your business needs and choose the card that aligns best with your financial goals.