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

We want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money.
Good for Flat Cash Back
Editor’s Score: (N/A)
Capital One Spark Cash Plus
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Capital One Spark Cash Plus
Editor’s Score: (N/A)
Rewards rate:

Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel. Earn unlimited 2% cash back on every purchase, everywhere—with no limits or category restrictions.

Learn more externa link icon At our partner’s secure site
Good for Bonus Categories
Editor’s Score: (4.0/5)
Ink Business Cash® Credit Card
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Ink Business Cash® Credit Card
Editor’s Score: (4.0/5)
Rewards rate:

Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other card purchases with no limit to the amount you can earn.

Apply Now externa link icon At Chase’s secure site
  • Intro offer:
    Up to $1,000 cash bonus
  • Annual fee:
    $150
  • Regular APR:
    N/A
  • Recommended credit score:
    670-850 (Good to Excellent)
  • Rewards rate:

    Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel. Earn unlimited 2% cash back on every purchase, everywhere—with no limits or category restrictions.

  • Intro offer:
    $750
  • Annual fee:
    $0
  • Regular APR:
    13.99% – 19.99% Variable
  • Recommended credit score:
    670-850 (Good to Excellent)
  • Rewards rate:

    Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other card purchases with no limit to the amount you can earn.

Pros and Cons
Pros and Cons
Pros
  • No preset spending limit
  • Great flat-rate rewards on spending
  • Generous bonus offer
  • Potential for annual cash back bonus
Cons
  • No option to carry a balance
  • High annual fee for a cash back card
  • Minimal cardholder benefits
  • High spending required to maximize rewards
Pros and Cons
Pros
  • Bonus cash back categories for business expenses, plus gas stations and restaurants
  • Welcome bonus
  • No annual fee
  • 0% intro APR on purchases for 12 months
  • Part of the Chase Ultimate Rewards program
Cons
  • Bonus cash back categories capped at $25,000 annual spending
  • High variable APR
  • Not a great choice for frequent business travelers
Additional Card Details
Additional Card Details
  • Score an annual cash bonus of $200 when you spend $200,000 or more on your card in a year
  • Pay-in-full card with no preset spending limit (2.99% fee on any balances not paid in full each month)
  • Download spending reports to Quicken®, QuickBooks®, and Excel®
  • Free employee cards
  • No foreign transaction fees on purchases made abroad
  • Roadside assistance
  • Extended warranty protection for extra year of coverage on purchases that come with a manufacturer’s warranty
Additional Card Details
  • $750 cash back bonus after spending $7,500 within 3 months of account opening
  • No annual fee
  • Additional employee cards for no extra cost
  • Travel and purchase protections
  • 0% intro APR on purchases for 12 months from account opening (13.99%-19.99% variable APR thereafter)
NextAdvisor’s Take

Both the Capital One Spark Cash Plus Card* and Chase Ink Business Cash Card can help you save a lot of money on your business expenses, but there are a few things that set them apart. If much of your budget is focused within the Ink Business Cash bonus categories, you may get more value from its higher rewards rate and no annual fee. But the Spark Cash Plus is a solid choice for earning 2% on every purchase, as long as your budget is high enough to outpace the annual fee with the rewards you earn.

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 Plus 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 Plus stack up against each other. 

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

Capital One Spark CashInk Business Cash
Annual Fee$150$0
Welcome OfferEarn up to $1,000: $500 back after you spend $5,000 in the first three months, then $500 after you spend $50,000 within the first six monthsEarn $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• Annual $200 cash bonus every year you spend at least $200,000

•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 Plus, so your monthly business spending should total $2,500 or more in order to meet the threshold for that bonus.

The $1,000 sign-up bonus for the Capital One Spark Cash Plus is twofold, so you can score the initial $500 cash bonus after spending $5,000 on purchases within three months from account opening. But to earn the additional $500, you’ll need to spend at least a total $50,000 within the first six months. 

If you compare the two, the Capital One Spark Cash Plus can net a larger cash bonus in total. But to earn the full amount, you’ll need to spend $50,000 in just six months. On the other hand, the Ink Business Cash bonus is $250 less, but only requires a fraction of the spending, at $7,500. 

The winner in this category comes down to your regular business budget. If you typically spend enough to meet the Spark Cash Plus card’s spending threshold without overspending, it can be a better option. Otherwise, you’ll still get a great bonus deal with the Ink Business Cash. 

Rewards Comparison

The Capital One Spark Cash Plus 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 Plus: You’ll need to spend at least $7,5000 each year ($625 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). On the other hand, Capital One rewards can be redeemed for a statement credit to your account or a check, and your rewards don’t expire as long as your account is open. 

If your business’ spending is mainly for office supplies and other in-office purchases, you may benefit from the Ink Business Cash’s higher cash back value. But if your spending categories fluctuate from month to month, you may benefit from the Capital One Spark Cash Plus to earn unlimited 2% cash back on everything. 

APRs

There isn’t a regular variable APR for the Capital One Spark Cash Plus. Without a preset limit or APR, you’ll need to pay your balance in full each month, or else face a 2.99% fee on the remaining balance and risk hurting your credit score since your payment will be considered past due until you pay in full. 

The Ink Business Cash Card, on the other hand, charges 0% APR on purchases for 12 months, followed by the regular variable APR of 13.99% to 19.99%. 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 you’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 Plus — the annual fee is $150. Assess your business’ budget before applying to the Capital One Spark Cash Plus to make sure you spend enough to earn back the ongoing $150 annual fee.

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 Plus 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. However, the Capital One Spark Cash Plus doesn’t offer cash advances as an option. The Capital One Spark Cash Plus 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.

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Capital One Spark Cash Plus

Capital One Spark Cash Plus

Editor’s Score: (N/A)
  • Intro offer:
    Up to $1,000 cash bonus
  • Annual fee:
    $150
  • Regular APR:
    N/A
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon At our partner’s secure site
Learn More externa link icon
Ink Business Cash® Credit Card

Ink Business Cash® Credit Card

Editor’s Score: (4.0/5)
  • Intro offer:
    $750
  • Annual fee:
    $0
  • Regular APR:
    13.99% – 19.99% Variable
  • Recommended credit:
    670-850 (Good to Excellent)
  • Apply Now externa link icon At Chase’s secure site
Learn More externa link icon
Ink Business Preferred® Credit Card

Ink Business Preferred® Credit Card

Editor’s Score: (4.1/5)
  • Intro offer:
    100,000 points
  • Annual fee:
    $95
  • Regular APR:
    16.74% – 21.74% Variable
  • Recommended credit:
    670-850 (Good to Excellent)
  • Apply Now externa link icon At Chase’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 Plus 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 you’re restocking your office supplies or planning to open a brick and mortar, you can benefit from the Ink Business Cash Card’s higher rewards rate for these purchases. You can also earn a welcome bonus on these purchases to save more money on business expenses in the future.

If your business spending doesn’t align with the Ink Business Cash Card’s bonus categories, however, you’re looking at a 1% cash back rate on your purchases. In that case, you’re better off with the Capital One Spark Plus that offers unlimited 2% cash back on everything. Plus, since the card doesn’t have a limit, you can earn rewards on all of your business expenses as long as you pay your balance in full and on time each month. 

With the Capital One Spark Cash Plus, 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. However, given the card’s annual fee and high spending threshold to score the full welcome offer, make sure you spend enough on business expenses to make the card worth it. 

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.

*All information about the Capital One Spark Cash Plus has been collected independently by NextAdvisor and has not been reviewed by the issuer.