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Tag: entrepreneur credit card
Capital One Spark Cash Plus
Capital One Spark Cash Plus: An In-Depth Review of Its Features and Benefits
The Capital One Spark Cash Plus is a standout choice for those seeking a robust business cashback credit card from a trusted issuer. With its impressive rewards program, flexible redemption options, and no annual fee, this card is tailored for entrepreneurs and small business owners looking to maximize their spending power.
1. Card Type
As a business credit card, the Spark Cash Plus is designed specifically for business expenses, making it an ideal companion for business owners who want to streamline their purchases while accumulating valuable rewards.
2. Annual Fee
One of the most appealing features of the Spark Cash Plus is that it charges no annual fee. This aspect allows business owners to enjoy all the benefits of the card without the burden of an annual cost.
3. Rewards Program
The Spark Cash Plus excels in its rewards program, offering an unlimited 2% cashback on every purchase, everywhere. There are no rotating categories to keep track of, allowing users to earn cashback effortlessly. Rewards can be redeemed for statement credits, checks, or even gift cards, providing flexibility in how you use your rewards.
4. Sign-Up Bonus
The card currently offers a lucrative sign-up bonus for new applicants: you can earn a one-time $1,000 cashback bonus after spending $5,000 on purchases within the first three months from account opening. This bonus significantly enhances the value of the card, especially for new businesses looking to boost their cash flow.
5. APR (Annual Percentage Rate)
The standard APR for the Capital One Spark Cash Plus is competitive, typically ranging between 20.24% to 28.24%, depending on your creditworthiness. While there are no introductory APR offers, the rate is on par with other business credit cards in the market.
6. Foreign Transaction Fees
For those who travel internationally, you’ll be pleased to know that the Spark Cash Plus imposes no foreign transaction fees. This feature is essential for business owners who frequently travel abroad and wish to avoid additional costs when making purchases overseas.
7. Balance Transfer Options
The Capital One Spark Cash Plus does not typically offer special balance transfer promotions. Users should review the terms if they are considering transferring existing balances, as standard rates apply.
8. Additional Fees
While the card offers significant benefits, it is important to note potential additional fees. Late payment fees can reach up to $40, and cash advance fees are set at either 3% of the amount or $10, whichever is higher. Being mindful of these fees can help you maintain the card’s overall cost-effectiveness.
9. Card Benefits and Perks
The Capital One Spark Cash Plus is not just about cashback; it also provides valuable benefits and perks. Cardholders enjoy features like travel insurance, purchase protection, and extended warranty coverage on eligible purchases, providing peace of mind during business transactions.
10. Customer Protections and Insurance
From fraud liability protection to rental car insurance, the Spark Cash Plus includes robust customer protections. Businesses can benefit from enhanced security against unauthorized charges and complications during car rentals, making it a secure option for business expenditures.
11. Eligibility and Credit Score Requirements
To qualify for the Capital One Spark Cash Plus, applicants are generally advised to have a credit score of good to excellent, typically in the range of 700 to 850. Meeting this requirement increases the likelihood of receiving approval for this rewards-rich card.
12. Introductory Offers
While the Capital One Spark Cash Plus does not offer 0% APR introductory options, its ongoing rewards structure ensures that cardholders earn substantial cashback on all spending, making it worthwhile for long-term use.
13. Special Features or Unique Selling Points
What sets the Spark Cash Plus apart is its simple and straightforward rewards structure. Unlike many credit cards with complex category systems, this card allows users to earn 2% cashback on all purchases without restrictions. Additionally, it provides cash flow management tools that are particularly beneficial for small businesses.
14. How to Apply
Applying for the Capital One Spark Cash Plus is simple. Interested applicants can visit the ‘>Official Website and start earning rewards for every purchase!
BECU Business Rewards Visa – Points on travel and office supplies.
BECU Business Rewards Visa “ Points on Travel and Office Supplies
The BECU Business Rewards Visa is a premier credit card issued by the Boeing Employees Credit Union (BECU), designed specifically for businesses looking to maximize their rewards on everyday purchases. This card stands out for its robust rewards program tailored towards travel and office supplies, making it an ideal choice for entrepreneurs and small business owners.
Card Type
This credit card is categorized as a business rewards card, specifically aimed at helping businesses earn points on their expenditures while managing expenses effectively.
Annual Fee
One of the most appealing aspects of the BECU Business Rewards Visa is that it comes with no annual fee, allowing businesses to benefit from rewards without the burden of yearly costs.
Rewards Program
The rewards structure is highly advantageous, offering 3 points per dollar spent on travel purchases and 1 point per dollar on all other expenses. Business owners can accumulate points that can be redeemed for cash back, travel, and other valuable rewards. This flexibility ensures that businesses can convert their spending into tangible rewards effectively.
Sign-Up Bonus
New cardholders can enhance their rewards from the very start. The BECU Business Rewards Visa offers a generous sign-up bonus of 20,000 points after spending $3,000 within the first 90 days. This welcome bonus can be a substantial boost for businesses looking to maximize their benefits early on.
APR (Annual Percentage Rate)
The regular APR for purchases is competitive, set at 14.24%, and there may be introductory offers available that temporarily lower this rate or provide a promotional 0% APR for balance transfers within a certain period. Checking the latest terms on BECU’s official site is advisable for the most current rates.
Foreign Transaction Fees
Business owners who travel internationally will appreciate that the BECU Business Rewards Visa does not charge foreign transaction fees, which can lead to significant savings when making purchases abroad.
Balance Transfer Options
For those looking to consolidate credit card debt, the BECU Business Rewards Visa offers balance transfer options. The introductory offers may include 0% APR for the first 12 months on balances transferred from other credit cards, after which a standard APR applies.
Additional Fees
While there are no annual fees, it’s important to be aware of other potential costs associated with the card. These include a late payment fee of up to $35 and a cash advance fee of either $10 or 3% of the amount, whichever is greater. Understanding these fees is essential for effective financial planning.
Card Benefits and Perks
Cardholders are provided with a variety of benefits and perks that enhance their business experience. This may include travel insurance coverage for unexpected events, access to business travel discounts, and a dedicated concierge service for assistance with travel and entertainment needs.
Customer Protections and Insurance
The BECU Business Rewards Visa ensures your purchases are protected. This includes fraud liability protection, which safeguards cardholders against unauthorized transactions, as well as purchase protection that covers new purchases against damage or theft. Additionally, rental car insurance offers peace of mind when traveling.
Eligibility and Credit Score Requirements
To qualify for the BECU Business Rewards Visa, applicants generally need a good credit score, typically in the range of 700 or above. Other criteria may include a demonstrated ability to manage credit responsibly and an active business status.
Introductory Offers
Keep an eye out for any introductory offers that might include 0% APR on purchases or balance transfers for the initial period following account opening. These offers can help businesses ease into their new card without immediate interest costs.
Special Features or Unique Selling Points
What sets the BECU Business Rewards Visa apart is its unique focus on travel and office supply rewards. Additionally, there are no limits on the points you can earn, and points do not expire as long as the account remains open. This feature gives cardholders the freedom to redeem their points based on their business’s calendar.
How to Apply
Applying for the BECU Business Rewards Visa is straightforward. Prospective cardholders can complete their application online through the official BECU website. Click here to UpCube.net.