New limited-time offer. The card_name is a straightforward business credit card offering a big early spend bonus offer in addition to ongoing unlimited 2% cash back on all purchases (or better). Here are the highlights:
- Limited-time offer: $1,500 cash bonus once you spend $15,000 within 3 months of account opening. You’ll also earn 2% cash back, which means you’ll earn a total of $300 + $1,500 = $1,800 in cash rewards on that $15,000 of spending. That’s a total of 12% back on your purchases!
- Unlimited 2% cash back on every purchase, everywhere with no limits or category restrictions.
- 5% Cash Back on hotels and rental cars booked through Capital One’s travel booking site.
- Free employee cards, which also earn unlimited 2% cash back on all purchases.
- Rewards won’t expire for the life of the account, and you can redeem your cash back for any amount.
- No foreign transaction fees
- $0 annual fee for the first year; $95 after that.
Consider that if you exactly meet the spending requirement ($15,000 within first 3 months), you will end up with the $1,500 cash bonus plus $300 from 2% cash back = $1,800 cash total. That’s effectively 12% cash back on $15,000 of card spending!
That may all seem like a lot, but many businesses make a lot of purchases for raw materials and/or inventory. If you pay estimated taxes each quarter, you can also pay the IRS via credit card with a 1.75% fee and still come out ahead.
This card does not have all of the bells and whistles like top-level rewards, transferrable airline miles, or airport lounge access. For that, look into the Capital One Venture X Business Card and its higher annual fee.
If you also hold the Spark Miles, Capital One Venture, or the Capital One Venture X rewards cards, you can convert your cash back rewards into their “miles”, which are then transferrable to various airline miles programs including British Airways Avios. With the right companion card, $2,000 in cash rewards could be converted to 200,000 miles.
Many people aren’t aware of the fact that they can apply for business credit cards, even if they are not a corporation or LLC. The business type is called a sole proprietorship, and these days many people are full-time or part-time consultants, freelancers, eBay/Amazon/Etsy sellers, Uber/Lyft drivers, or other one-person business owners. This is the simplest business entity, but it is fully legit and recognized by the IRS. On a business credit card application, you should use your own legal name as the business name, and your Social Security Number as the Tax ID.
Bottom line. The card_name is the flavor of Capital One business cards that has the combination of straightforward and solid 2% cash back rewards, modest annual fee ($0 for the first year; $95 after that), and works like a traditional credit card.
Due to the high current first-year value, I will be adding this to my Top 10 Best Small Business Card Bonus Offers.
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