Capital One is picking up the pace and getting more aggressive with their new collection of business credit cards. Capital One has introduced the Spark business credit cards this year to attract small business customers. The Capital One new business credit cards come with a variety of features and offers to attract new credit card holders.
With the credit card industry experienced quite a rebound over the past two years it is easy to see why Capital One is getting aggressive with new credit card offers. Capital One released their third quarter earnings report on October 20, 2011 in which there are several comments alluding to the increased profitability in the credit card business. The press release put out by Capital One positive comments include, “…the Domestic Card business delivered another quarter of strong returns…net interest margin expanded 19 basis points in the quarter to 7.39 percent… revenue margin for the third quarter was 9.35 percent…”
Capital One has six separate business credit cards that are all under the Spark brand. These credit cards replace the previous of assortment of business credit cards offered by the bank.
The six new business Capital One credit cards include:
Capital One Spark Miles for Business
Capital One Spark Cash for Business
Capital One Spark Miles Select for Business
Capital One Spark Cash Select for Business
Capital One Spark Classic for Business
Capital One Spark Select for Business
The new array of business credit cards offer a plethora of rewards options from miles to cash rewards as well as an assortment of credit card rates and introductory credit card offers.
The Capital One Spark Cash business card offers 2% cash back on every purchase every day and no limits to the amount of cash back that can be earned.
The Spark Miles credit card features double miles on every purchase every day, miles that will not expire, and the flexibility to redeem miles for free flights on any airline anytime with no blackout dates
The Capital One Spark Cash Select allows card holders the ability to earn 1 percent cash back on all card purchases, plus a 50 percent annual bonus.
The Spark Miles Select credit card offers small business owners a flexible travel rewards program that pays 1 mile for every $1.00 spent. On the card holders’ membership anniversary each year, they will be rewarded with an additional bonus that equals 50 percent of the rewards earned in the prior year.
The Capital One Select business credit card comes with a zero percent introductory credit card rate and no annual fee.
The Spark Classic business credit card earns 1% cash back on all purchases. Capital One markets this card for businesses that want the opportunity to build business credit with rewards.
Besides the rewards, the Capital One business credit cards provide an assortment of other benefits from bill and expense management services, customer service representative available seven days a week, customer card designs, no cost employee cards, yearend summary statements, VISA business card benefits and more.
For more information about Capital One Small Business credit cards visit www.capitalone.com/sparkbusiness or call Capital One
1-800-695-5500
Capital One credit cards are issued through Capital One Financial Corporation a financial holding company whose subsidiaries, which include Capital One, N.A. and Capital One Bank (USA), N. A. Capital One is based in McLean, Virginia. Capital One offers a a wide assortment of financial products and services to consumers, small businesses and commercial clients. Capital One, N.A. has over 900 bank branches in New York, New Jersey, Texas, Louisiana, Maryland, Virginia and the District of Columbia.
To find more information on credit cards and credit card rates see the following pages of credit card data: Best Credit Card Rates and Credit Cards.
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