Capital One® Spark® Classic for Business

IF you are just starting out in business, or have no credit history, this is a good starter card. However, it fails as a true business card, with a very low credit limit and increases auto denied. After 2 years with our card in good standing, a credit line increase was denied due to "a history using too much of your available credit limit" Well, it's only a $500. limit, and one supply order for our business may be $450. + the card has always been paid off, never over limit, with no late payments; AND the main reason to increase to limit is to decrease the utilization (which, btw, is presented on your personal credit history, not your business credit)! I called to speak to a representative after the increase was denied, and low and behold that "department" (credit line increase ) does not accept phone calls from customers. We have a Chase business card with 20X this limit, lower interest rates; and actual people on the customer service line 24/7. Sorry Cap 1, this card doesn't make the cut as a business card.

Considering my scores, I was pleased to get a business card with rewards. My initial CL was $2,000 and it hasn’t increased yet (almost 6 months on time now). My gripe, like everyone else, is this card goes against your personal credit rating. I had a chapter 7 BK about a year ago so I’m using all my credit cards to get my scores up. I’m approaching a 700 with all 3 bureaus already because I keep the usage low. I’ll max the card out and pay it off the day the payment is due. If you’re looking for a CL increase like I am, I believe this is the best way to go about it because I’ve shown Capital One I'm using the card to its limit but I can also pay it off. This is how they explained it to me when I called to ask for an increase and the best way to go about it. Hope this helps. 

Low limit for a business account. Hope they raise it soon.

Applied and Approved. But during the aplication process they needed my companies EIN not a problem since its a business card but they also needed my SS on the application it said "Federal law requires us to obtain, verify, and record information that identifies each person who opens an account. As a result, your Social Security Number is required and used for identification purposes."  No where did it say that my social would be used for a credit check or hard inquiry, thanks for dropping my score by 21 points for a $500 limit card. 

I am an independent contractor and travel steadily for work. I really needed a business card to use so I didn't have to use personal money. My credit has been rebuilding over the last 18 months so I was unsure. I was approved for a limit of 2k. My scores at the time were Experian Fico 640, CK TU620, EQ640. It may also be worth mentioning I already have a personal CO card (QS with 500$ CL) and also a Capital One auto loan (which has good payment history). It took them a whole week to approve my Application, I got the dreaded "wait 7-10 response" on initial application. Somebody was supposed to call me to verify I actually applied. Once I talked to someone I was immediately approved

I am an independent contractor and travel steadily for work. I really needed a business card to use so I didn't have to use personal money. My credit has been rebuilding over the last 18 months so I was unsure. I was approved for a limit of 2k. My scores at the time were Experian Fico 640, CK TU620, EQ640. It may also be worth mentioning I already have a personal CO card (QS with 500$ CL) and also a Capital One auto loan (which has good payment history). It took them a whole week to approve my Application, I got the dreaded "wait 7-10 response" on initial application. Somebody was supposed to call me to verify I actually applied. Once I talked to someone I was immediately approved

Very low starting CL. To low for it to be a business card. After 6 months. CL was only raised 100 dollars. Trash. Cant even fill up my truck with this junk CL. 

Just my 2cents. 

This card has great approval odds for a startup. 

Ive had this card a while, used it a lot for starters but now rely on other more beneficial cards with better rewards.

the one thing I hate most about this card and CapitalOne in general is the fact that CapitalOne are a pain when trying to get a credit line  increase on their credit card. They will not consider increasing your credit line unless you have a high utilization on the card, which sounds reasonable until you consider the fact that high utilization means bad news for your credit score. 

Therefore, I choose to not have a high utilization and simply have other cards I rely on that usually increase my credit line annually with no questions asked. This card is simply taking space in my wallet, I choose to keep it as it’s better to have it than not to for the sake of my credit. I’m a firm believer in not closing credit card accounts. I still have my first credit card with a $200 limit while my highest card is at 15,000! 

Something to start with for 3 to months

The 2 % cash back is very good. What makes this card bad is that Capital One reports all of your business expenses to your personal credit report. I put a lot of my companies expenses on the card and pay it off every month. This is the only business card that does that. I now spend my 50K a month on my Wells and AM EX cards so that my personal credit score doesn't plummet. DO USE THE SPARK CARD IF YOU ARE ABOUT TO TAKE OUT A HOME OR CAR LOAN. Your interest rate will be higher. My credit score was lower by 43 points when I used the card. Stay away if your personal credit is a concern even if you always pay on time. 

This is a great business card to start off with, especially when no previous business credit exist and my personal credit score at the time they approved me a $500 was only a 545!!!