We Compared the Capital One Spark Cash and Chase Ink Cash. Here’s How to Choose the Right One for You

A photo to accompany a story about the Capital One Spark Cash and Chase Ink Cash cards Illustration/NextAdvisor
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Using a cash back credit card for your business or side hustle is an effective way to earn back a percentage of your spending. Many business credit cards offer 1% to 5% back on the things you buy for your business, and this can truly be “free money” if you avoid interest charges and pay your credit card bill in full each month.

The Ink Business Cash® Credit Card and the Capital One Spark Cash for Business are among our picks for the best business credit cards. Both offer various rewards and benefits at different price points; which is right for you depends on your business and its expenses. 

Here’s how the Ink Business Cash Card and Capital One Spark Cash for Business stack up against each other. 

Side-by-Side Comparison: Capital One Spark Cash for Business vs. Ink Business Cash

Capital One Spark CashInk Business Cash
Annual Fee$0 for first year, then $95 $0
Welcome OfferEarn $500 back after you spend $4,500 within three months of account openingEarn $750 back after you spend $7,500 within three months of account opening
RewardsUnlimited 2% cash back on every purchase• 5% cash back on the first $25,000 combined annual spending at office supply stores and on internet, cable, and phone services 

• 2% cash back on the first $25,000 combined annual spending at gas stations and restaurants

• 1% cash back on everything else
Other Benefits• Free cards for employees

• Roadside assistance

• Extended warranty protection

• Your choice of monthly due date

• Ability to download your records into common business accounting programs like Quicken, Quickbooks and Excel
• Free cards for employees

• Auto rental collision damage

• Travel and emergency assistance services

• Roadside dispatch

• Fraud protection

• Purchase protection

• Extended warranty protection

Bonus Comparison

The Ink Business Cash Card’s sign-up bonus is $750 bonus cash back after you spend $7,500 on purchases in the first three months from account opening. However, it requires you to spend a higher amount compared to the Capital One Spark Cash for Business, so your monthly business spending should total $2,500 or more in order to meet the threshold for that bonus.

The sign-up bonus for the Capital One Spark Cash for Business is lower, but also easier to earn: $500 bonus cash back if you spend $4,500 on purchases within three months from account opening. 

If you compare the two, the Capital One Spark Cash for Business is a winner if you want to spend less to earn the bonus. But you’ll ultimately earn a higher bonus with the Ink Business Cash Card if you can meet the higher spending requirement — but you should only do that if it fits within your normal business spending already.

Rewards Comparison

The Capital One Spark Cash for Business is best for business owners looking for simple rewards on their spending. You earn a flat 2% cash back on every purchase, and your cash rewards never expire. And here’s the real kicker: there’s no limit to how much you can earn and no minimum amount needed to redeem.

There is one key caveat with the Capital One Spark Cash for Business: You’ll need to spend at least $4,750 each year ($395 each month) for your rewards to clear the annual fee cost before this card’s real value kicks in. 

The Ink Business Cash’s biggest draw is its cash rewards, but it’s a little more nuanced. You earn 5% cash back on the first $25,000 combined annual spending at office supply stores and on phone, internet, and cable services; 2% cash back on the first $25,000 combined annual spending at gas stations and restaurants; and 1% unlimited cash back on everything else. 

Any points you earn using the Ink Business Cash Card are redeemable through Chase Ultimate Rewards, where your points are worth 25% more for certain redemptions, like travel booked through Chase Ultimate Rewards (1.25 cents per point) or Chase’s Pay Yourself Back (1.25 cents per point). 

APRs

The regular variable APR is 20.99% for the Capital One Spark Cash for Business, which is on the higher end for a business credit card. The Ink Business Cash Card, on the other hand, charges 0% APR on purchases for 12 months, followed by the regular variable APR of 13.24% to 19.24%. The 0% introductory APR on the Ink Business Cash Card makes it an attractive option for business owners looking to save on interest for purchases in the first year, especially if they’re starting a new business with upfront costs or have a large business purchase coming up.

Pro Tip

Avoid carrying a balance on a business credit card. If you do, the high variable interest rate the card charges will wipe out your rewards.

Fees

You’ll never have to pay an annual fee for the Ink Business Cash Card, but that’s not the case for the Capital One Spark Cash for Business. The annual fee for Capital One Spark Cash for Business is $0 for the first year, then $95. Assess your business’s budget before applying to the Capital One Spark Cash for Business to make sure you spend enough to earn back the ongoing $95 annual fee.

Other than that, fees on these cards are fairly similar. If you’re looking to transfer a balance, you’ll end up paying a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater, on the Ink Business Cash Card. The Capital One Spark Cash for Business isn’t allowing balance transfers right now, so if you’re looking to consolidate high-interest debt, explore the best balance transfer credit cards from other issuers on the market today.

In terms of cash advances, the Ink Business Cash Card charges a fee of $15 or 5% of the transaction, and the Capital One Spark Cash for Business’s cash advance fee is $10 or 3% (whichever is greater for both cards). The Capital One Spark Cash for Business, like all Capital One cards, doesn’t have a foreign transaction fee, but the Ink Business Cash Card does charge a 3% fee on purchases made outside the U.S.

Capital One Spark Cash for Business

Capital One Spark Cash for Business

Editor’s Score: (4.0/5)
  • Intro bonus:
    $500
  • Annual fee:
    $0 intro for first year; $95 after that
  • Regular APR:
    20.99% (Variable)
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon At our partner’s secure site
Ink Business Cash® Credit Card

Ink Business Cash® Credit Card

Editor’s Score: (4.0/5)
  • Intro bonus:
    $750
  • Annual fee:
    $0
  • Regular APR:
    13.24% – 19.24% Variable
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon At our partner’s secure site
Ink Business Preferred® Credit Card

Ink Business Preferred® Credit Card

Editor’s Score: (4.1/5)
  • Intro bonus:
    100,000 points
  • Annual fee:
    $95
  • Regular APR:
    15.99% to 20.99% Variable
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon At our partner’s secure site

Deciding Between Capital One Spark Cash for Business and Ink Business Cash

The Ink Business Cash Card and Capital One Spark Cash for Business can both offer good value depending on the nature of your business and its expenses. The Ink Business Cash Card is a good beginning business choice because it has no annual fee and offers 5% cash back for common business expenses, like office supplies and internet services.

If your business spending doesn’t align with the Ink Business Cash Card’s bonus categories, however, you’re looking at a mediocre 1% cash back rate on your purchases. In that case, you’re better off with the Capital One Spark Cash for Business. 

With the Capital One Spark Cash for Business, you can rack up unlimited 2% back for every dollar you spend on your business. This card is a great option for business owners who prefer an easy, straightforward rewards program, and especially for sole proprietors or freelancers whose expenses don’t fit into traditional business card categories.

Before applying, evaluate your business budget and take a little time to compare how each of these cards could fit into your business spending plan.