Does Capital One Spark Cash Select require a personal guarantee? This question is about the Capital One Spark Cash Select - $500 Cash Bonus

Does Capital One Spark Cash Select require a personal guarantee?

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This question is about the Capital One Spark Cash Select - $500 Cash Bonus

Hector Molina, WalletHub Analyst

@hectormolina • 08/16/21 This answer was first published on 07/14/21 and it was last updated on 08/16/21.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Yes, the Spark Cash Select with Bonus card does require a personal guarantee. The terms and conditions state that both you and your business are liable for balances. As a matter of fact, this is the case with the vast majority of business credit cards.

More specifically, when you apply for Spark Cash Select with Bonus, you will have to list your own Social Security number as well as your company’s Tax Identification Number. And Capital One will review your credit history, as well as that of your company, while considering your application.

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What credit score is needed for the Capital One Spark Cash card?

Spark Cash Select with Bonus applicants generally need excellent credit for approval (i.e., a score above 750), but simply having such a credit score doesn't necessarily guarantee approval.

Issuers typically make proprietary modifications to publicly available scoring models, in addition to considering factors such as your income and assets.

However, you can see where your credit stands and thus getter a better sense of your approval odds by ... read full answer signing up for a free account with WalletHub. WalletHub is the only website that offers free credit scores and full credit reports that are updated on a daily basis.

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