What is the minimum Capital One Spark Classic income requirement? This question is about the Capital One Spark Classic for Business

What is the minimum Capital One Spark Classic income requirement?

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This question is about the Capital One Spark Classic for Business

Mark Towers, WalletHub Credit Card Analyst

@MarkTowers • 08/06/21 This answer was first published on 07/06/21 and it was last updated on 08/06/21.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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There is no pre-set minimum income requirement for the Capital One Spark Classic for Business, but as with any credit card, you need to have enough income to afford payments.

The Capital One Spark Classic card is designed for people with limited credit (less than 3 years of credit history), but factors such as your debt-to-income ratio and overall ability to make payments will also be considered. And having past due Capital One credit card accounts or non-discharged bankruptcies are among some of the factors that deem you ineligible for the Capital One Spark Classic.

When applying, your total annual income may include your personal income, such as full-time or part-time jobs, self-employment earnings, interest or dividends, retirement or public assistance. Shared income consisting of money that is regularly deposited into your individual account or a joint account can also be included as part of your income.

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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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How can I pre-qualify for the Capital One Spark Classic card?

You cannot prequalify for the Capital One Spark card, but Capital One has a prequalification page for their consumer credit cards.

The Spark Classic was designed for people with no credit history, but if you have an established credit history only apply if your score is 650+.

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