Is the Capital One Spark Classic secured or unsecured? This question is about the Capital One Spark Classic for Business

Is the Capital One Spark Classic secured or unsecured?

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This question is about the Capital One Spark Classic for Business

Robert Stark, WalletHub Credit Cards Analyst

@robert.stark • 07/30/21 This answer was first published on 07/08/21 and it was last updated on 07/30/21.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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The Capital One Spark Classic card is unsecured, so you won't have to fund a security deposit in order to obtain credit. Capital One Spark Classic is open to applicants with limited credit (less than 3 years of credit history), but other factors will also be taken into consideration. These include income, debts and your general ability to make credit card payments.

Secured credit cards are generally built as a credit rebuilding tools for people with bad credit. But with limited credit, you’ll have a shot at the Capital One Spark Classic card. It’s a great choice for business rewards, as it offers free cards for employee authorized users, 5% cash back on hotel and rental cars booked through Capital One Travel, as well as 1% cash back on all other purchases, and has a $0 annual fee. If you’re not tied to Capital One as an issuer, feel free to also take a look at the best no credit business credit cards and the best credit cards for fair credit.

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People also ask

Does Capital One have secured business credit cards?

No, there aren't any Capital One secured business cards. The only Capital One secured card is the Capital One Platinum Secured for consumers.

Among Capital One's business cards, the Capital One Spark Classic for Business is the easiest unsecured Capital One business credit card to get. Small business owners with fair credit or limited can get approved. The other offers require at least … read full answer good credit. The Capital One Spark Classic has a $0 annual fee and gives 1% cash back on all purchases.

If you have bad credit, the Capital One Platinum Secured, while a consumer card, is still an option for small business owners. It's good for building credit, due to its $0 annual fee. The card offers a minimum credit limit of $200 and requires a security deposit of $49, $99 or $200, depending on the specifics of your credit history. You may add money to your security deposit to increase your credit limit.

But if you'd rather have a secured business credit card, there are some available from other issuers. Some of these have the added advantage of offering business-specific features such as free employee cards with individual spending limits and more. So check out our editors' picks for the best secured business credit cards.

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What's the Capital One Spark Classic credit score requirement?

The Capital One Spark Classic credit score requirement is 640+. This means that you need to have at least fair credit to get this card.

At the same time, though, Capital One Spark Classic is also designed for people with limited credit. So, you should be able to qualify for this card even if you have less than 3 years of credit history.… read full answer

However, meeting the credit score requirements doesn’t guarantee that your application for Capital One Spark Classic will be approved. The issuer will also take into account various other factors like your credit history, income, and any debts you might have.

Ultimately, you can check your credit score for free on WalletHub before applying for the Capital One Spark Classic card.

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What's the starting Capital One Spark Classic credit limit?

Capital One will review your application for the Spark Classic Business credit card and determine your credit limit accordingly. If your application is approved, the minimum credit limit you will receive is $500.

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