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Capital One Spark Cash vs Ink Business Preferred® Credit Card
This comparison aims to help users decide between the Capital One Spark Cash and the Ink Business Preferred® Credit Card. Both cards cater to businesses but differ in their rewards structures, fees, and additional benefits.
Card Overviews
Capital One Spark Cash
The Capital One Spark Cash is designed for businesses that want to earn straightforward cash back on all purchases. With a robust rewards structure and no foreign transaction fees, it is ideal for business owners who value simplicity and straightforward rewards.
Ink Business Preferred® Credit Card
The Ink Business Preferred® Credit Card is aimed at businesses that spend heavily in travel and select business categories. It offers a points-based rewards system that provides opportunities for higher returns, especially when redeemed for travel through Chase Travel.
Detailed Feature Comparison
| Feature | Capital One Spark Cash | Ink Business Preferred® Credit Card |
|---|---|---|
| Annual Fee | $0 intro for first year; $95 after that | $95 |
| Welcome Bonus | $750 cash back after spending $7,500 in the first 3 months | 90k bonus points after spending $8,000 in the first 3 months |
| Rewards Structure | 2% cash back on all purchases | 3 points per $1 on first $150,000 spent on travel and select categories; 1 point on all other purchases |
| Foreign Transaction Fee | None | None |
| Other Fees | None specified | None specified |
| Additional Benefits | Free employee cards, cash back never expires | Points worth 25% more for travel through Chase; Purchase Protection |
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:
- Simple 2% cash back on all purchases
- Generous welcome bonus
- No foreign transaction fees
- Free employee cards
- Cons:
- Annual fee after the first year
- Cash back may not be as valuable for travel
Ink Business Preferred® Credit Card
- Pros:
- High rewards on travel and select categories
- Bonus points can be very valuable when redeemed for travel
- Comprehensive purchase protection and fraud monitoring
- Cons:
- More complex rewards structure
- Higher spending requirement for bonus points
Who Should Consider Which Card?
- Capital One Spark Cash: This card is ideal for business owners who prefer straightforward cash back rewards with no limits on earnings. It's best for businesses that have consistent spending across various categories.
- Ink Business Preferred® Credit Card: This card is suited for businesses that frequently travel or spend in specific categories. It's great for users who can maximize their rewards by leveraging the bonus points on travel and specific business expenses.
Conclusion
Choosing between the Capital One Spark Cash and the Ink Business Preferred® Credit Card ultimately depends on your business's spending habits and financial goals. Consider what rewards structure aligns best with your needs, and choose the card that offers the most value for your business expenses.