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The Capital One Spark business credit cards offer some of the highest reward rates for a business credit card. The prospect of earning up to unlimited 2% back or 2x travel miles is exciting. Before you apply, it’s important to check your Capital One Spark Business card approval odds.
There are five different Capital One Spark credit cards you can apply for. You will either need a credit score of at least 640 which is the start of “good credit.” However, you will need a 740 credit score or higher to qualify for the best Capital One credit cards for travel, including business cards.
Learn More: Business Credit Cards
Capital One Spark Card Offers
- The Capital One Spark Cash Plus: For a limited time, earn up to a $3,000 cash bonus: $1,500 once you spend $20,000 in the first three months and an additional $1,500 once you spend $100,000 in the first six months
- Capital One Spark Cash Select for Business (for excellent credit): Earn a $500 cash bonus after spending $4,500 in the first three months of account opening.
- The Capital One Spark Miles Select for Business: Earn a one-time bonus of 20,000 miles – equal to $200 in travel – once after spending $3,000 on purchases within the first three months from account opening.
- Capital One Spark Miles for Business: Earn 50,000 miles after spending $4,500 in the first three months of account opening.
Learn more: Business Credit Cards
Capital One Credit Score Requirements for the Best Spark Business Cards Approval Odds
When determining your approval odds, it’s worth seeing what Capital One defines as good or excellent credit. Certain credit events can affect your approval decision. Capital One pulls your credit report from all three bureaus, so make sure any errors are corrected to improve your odds.
Is Capital One Spark Hard to Get Approved For?
If your credit score is above 740, you most likely meet most (if not all) of the approval requirements and below traits:
- Never declared bankruptcy or defaulted on a loan
- Not been 60+ days late on a credit card, medical bill, or loan in the last year
- Had a loan or credit card for at least three years with a credit limit above $5,000
You will need excellent credit to easily qualify for the Capital One Spark Miles for Business, which earns 2x miles, and the Capital One Spark Cash for Business card, which earns 2% back. The Capital One Spark Miles Select for Business that earns 1.5x miles and Capital One Spark Cash Select for Business that earns 1.5% back also requires excellent credit.
The information for the Capital One Spark Cash for Business and the Capital One Spark Miles Select for Business has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.
Spark Business Cards Approval Odds for Good Credit
A credit score between 670 and 739 usually meets these credit factors:
- Not declared bankruptcy or defaulted on a loan in the last five years
- Have not been more than 30 days late on a loan or credit card in the last 30 days
This is the minimum credit needed to qualify for any Capital One Spark Business credit card and still receive instant approval. If your credit score is in the low 700s, you can still have good approval odds for Spark Miles or Miles Select and Spark Cash or Cash Select. But, your application may require further review to reach a decision.
Spark Business Cards Approval Odds for Average Credit
It’s still possible to get approved for the entry-level Capital One Spark Classic for Business with a credit score above 600. You will fit into this credit tier if you:
- Have defaulted on a loan in the past five years
- Only had a credit card or another credit account open for less than three years
The information for the Capital One Spark Classic for Business has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.
Learn more: Business Credit Cards
Other Capital One Credit Card Application Rules to Know to Get the Best Capital One Spark Business Cards Approval Odds
There are a few other credit card application guidelines you need to meet as well.
- At least 18 years old
- Have not applied for at least 2 Capital One credit cards in the last 30 days
- Do not have five or more open Capital One credit card accounts
- Are not past due or over-limit on a current Capital One credit card account
- Have no charged off a Capital One credit card account in the last year
If you can say “yes” to these requirements and have good or excellent credit, you have good approval odds. Capital One does have some of the best credit cards for travel rewards, so aiming to meet these approval requirements is well worth the effort.
Capital One Spark Business Cards Approval Odds
Below is a card-by-card look at what credit score you need to have the best approval odds.
With the exception of the Capital One Spark Classic, you will have the highest approval odds with the other four options when your credit score is at least 740. Although several current owners report being approved with a 700+ credit score when excellent credit is necessary.
Capital One Spark Miles for Business
Credit Score Needed: Excellent (700+)
Minimum initial credit limit: $2000
The Capital One Spark Miles for Business earns unlimited 2x miles per $1. The annual fee is $0 for the first 12 months then $95 after that. Your miles can be redeemed for travel statement credits, booking upcoming travel, or transferring to the Capital One airline partners.
You also get up to $100 fee credit for Global Entry or TSA PreCheck (only applies to the primary cardholder).
Capital One Spark Miles Select for Business
Credit Score Needed: Excellent (700+)
Minimum initial credit limit: $2000
The Capital One Spark Miles Select for Business earns unlimited 1.5x miles per $1 spent. Your miles are redeemable for travel statement credits, booking upcoming travel, and airline loyalty program transfers.
The signup bonus is 20,000 bonus miles ($200 in award travel) after spending $3,000 in the first three months. There is no annual fee or foreign transaction fee.
Capital One Spark Cash for Business
Credit Score Needed: Excellent (700+)
Minimum initial credit limit: $2000
For unlimited 2% cash rewards, the Capital One Spark Cash for Business is for you. This is the cash version of the Spark Miles. Your rewards are redeemable for cash statement credits or a mailed paper check.
Capital One Spark Cash Select for Business
Credit Score Needed: Excellent (700+)
Minimum initial credit limit: $2,000
The Capital One Spark Cash Select for Business earns 1.5% back on all purchases. Your rewards are most valuable when redeemed as a cash statement credit or a mailed paper check. There is no annual fee or foreign transaction fee.
New cardholders can earn a one-time $500 cash bonus once they spend $4,500 on purchases within the first three months from account opening.
Capital One Spark Classic for Business
The information for the Capital One Spark Classic for Business has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.
Credit Score Needed: Good (600+)
Minimum initial credit limit: $500
The basic Capital One Spark Classic for Business earns 1% cash rewards on all purchases. 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. But it’s possible to be approved (after manual review) with a score as low as 620. Ldyvett99 reports having a 620 credit score and receiving a $2,000 starting credit limit. The Capital One Spark Business cards approval odds for this option are easier than the previously listed cards.
Learn more: Business Credit Cards
See If You Pre-Qualify for Capital One Spark Cards
If you’re right on the cusp of having good credit or excellent credit, it can be worth your time to get a credit card pre-approval for your desired Capital One Spark Business card. It’s free, takes less than a minute, and doesn’t hurt your credit score.
Is Capital One Spark a Good Card?
Yes, the Capital One Sparks cards are good cards with a great welcome bonus worth over $1,000 and convenient perks for business spending.
You have the highest approval odds with a credit score above 740 for the Spark Cash, Spark Miles, and the “Select” editions of either card. A 670 credit score means you’re likely to get an instant approval decision for the Capital One Spark Classic. For any of these cards, you may still get approved with a lower credit score, but you may need to wait a few days to receive your approval decision. There’s also the new offer on the Capital One Venture X Business card, which is an appealing card offer.
Learn more: Business Credit Cards
FAQs for the Capital One Spark Business Cards Approval Odds
What credit score is needed for the Capital One Spark credit cards?
Most applicants should apply once they have a personal credit score above 740 to qualify for these Capital One Spark credit cards:
- Capital One Spark Miles for Business
- Capital One Spark Miles Select for Business
- Also, the Capital One Spark Cash for Business
- Capital One Spark Cash Select for Business
The strongest candidates may still qualify with a credit score as low as 700.
It’s recommended you apply for the Capital One Spark Classic for Business if your credit score is between 670 and 739. Once again, some applicants qualify with a score as low as 620.
What are the minimum initial credit limits for the Capital One Spark credit cards?
The minimum initial credit limit is $2,000 for the four Capital One Spark Miles and Cash card versions. For the Capital One Spark Classic, the initial credit limit is at least $500.
What are the Capital One credit card application rules?
You will need to have “excellent credit” or “good credit” to have the best Capital One Spark card approval odds. In addition to a strong credit report, you will also need to pass these basic requirements:
- At least 18 years old
- Haven’t applied for at least 2 Capital One cards in the last 30 days
- Do not currently have five or more Capital One credit cards
- Are not past due or over-limit on a current Capital One credit card account
- Haven’t charged off a Capital One balance in the last year
Learn more: Business Credit Cards
