Capital One Spark Cash vs The Business Platinum Card® from American Express

This comparison aims to help you decide between the Capital One Spark Cash and The Business Platinum Card® from American Express. Each card offers unique features and benefits tailored to different business needs and spending habits.

Card Overviews

Capital One Spark Cash

The Capital One Spark Cash is designed for businesses seeking straightforward cash back rewards without limits or category restrictions. Its simple rewards structure makes it easy to earn 2% cash back on every purchase, making it ideal for businesses that prefer a traditional credit line.

The Business Platinum Card® from American Express

The Business Platinum Card® from American Express is tailored for businesses that prioritize travel rewards and premium benefits. With a robust rewards program and extensive travel perks, this card is ideal for frequent travelers and businesses looking to maximize their travel-related expenses.

Detailed Feature Comparison

Rewards Highlights

Capital One Spark Cash

• Earn $750 cash back once you spend $7,500 in the first 3 months from account opening
• 5% cash back on hotels and rental cars booked through Capital One Travel
• 2% cash back on every purchase

The Business Platinum Card® from American Express

• Earn 5X Membership Rewards® points for flights, prepaid hotels, and short-term rentals and prepaid flight + hotel packages booked at AmexTravel.com.
• Earn 1.5X points (that’s an extra half point per dollar) on each eligible purchase at US construction material, hardware suppliers, electronic goods retailers, and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more, on up to $2 million per Card Account per calendar year. Purchases eligible for multiple additional point bonuses will only receive the highest eligible bonus.
• Earn 1X points on other eligible purchases.

Pros and Cons

Capital One Spark Cash

• Pros:
  • Simple cash back structure
  • Generous welcome bonus
  • No foreign transaction fees
  • Free employee cards
• Cons:
  • Annual fee after the first year
  • Limited additional benefits compared to premium cards

The Business Platinum Card® from American Express

• Pros:
  • Extensive travel perks, including lounge access
  • High rewards potential for travel-related expenses
  • Various statement credits available
• Cons:
  • High annual fee
  • Complex rewards structure

Who Should Consider Which Card?

• Capital One Spark Cash: Ideal for small business owners who prefer a straightforward cash back program and want to earn rewards on all purchases without worrying about categories or limits.
• The Business Platinum Card® from American Express: Best suited for frequent travelers who can take advantage of travel perks, lounge access, and are willing to pay a higher annual fee for premium benefits.

Conclusion

Ultimately, the choice between the Capital One Spark Cash and The Business Platinum Card® from American Express depends on your individual spending habits and financial goals. Consider how you plan to use the card, your preference for cash back versus travel rewards, and whether the benefits align with your business needs.

“Disclaimer: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.”