Purchase Assurance: Items purchased with the card are protected for up to 90 days in case of damage or theft up to $10,000 per claim and $50,000 per cardholder per 12-month period. Auto Rental Collision Coverage: Provides primary coverage for expenses related to damage or theft when you rent an eligible car, decline the rental company’s waiver and pay for it with your card.In addition to a simple and straightforward cash-back program, the Capital One® Spark® Classic for Business * comes with some nice extras not typically available on a card without an annual fee. Keep in mind that if you ever carry a balance on the Capital One Spark Classic, the ultra-high APR is likely to far outweigh any rewards you’ve earned on the card. In total, that’s $471.20 in rewards per year. The remaining annual spend of $28,310 would earn 1% cash back-$283.10. If all bookings are made through Capital One Travel and earn 5% cash back, that’s $188.10 in earnings. Of that, $3,762 is likely to be spent on travel. And, basing our estimates on a sole proprietorship business model, we assume a business owner might spend $32,072 on the Spark Classic. According to our calculations, the 70th percentile of wage-earning households bring in $107,908 annually and we base spending on that number. Rewards Potentialįorbes Advisor uses data from various government agencies in order to determine both baseline income and spending averages across various categories. You can also redeem your rewards for travel through. You can set up automatic redemptions of either method for once a year on a specific date or when your earnings reach a pre-set increment of $25, $50, $100, $200, $500, $1,500, $5,000, $10,000, $20,000 or $50,000. Rewards can be redeemed in any amount and at any time. You can log in to your account online or call Capital One’s rewards center and ask to cash in those earnings as a statement credit on your card account or a check sent in the mail. The Capital One® Spark® Classic for Business * has a simple redemption process. Cardholders earn 1% cash back on every purchase and 5% cash back on hotels and rental cars booked through Capital One Travel. Earning rewards is easy on the Capital One® Spark® Classic for Business *.
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