![]() ![]() On top of that, cash advances won't earn points or count toward earning the welcome bonus. I recommend leaving this blank or selecting "no." If you use one of these checks, you'll pay a higher interest rate on the cash advance (compared to a regular card purchase) and a cash advance fee, even if you pay it off immediately. The last question asks if you want blank checks for cash advances. Your "Total annual income" can include any income you regularly use to pay your bills - for many people, this can include a spouse or partner's income. For most folks, this will be the owner or partner. ![]() Once you've filled out your personal information, choose your role or title in the business. For your "Business spend per month," it's OK to estimate your average monthly spending for the year, especially if your business is seasonal and your expenses fluctuate. When it comes to your "Annual business revenue," include all the money your business takes in before expenses and taxes. If you're in the same boat, pick the option that makes the most sense. Once you've selected your "Industry type," you'll need to further specify your business activities by "Category" and "Specialty." The limited choices for this part of the application seldom accurately describe my freelance business activities. In most cases, the "Business ownership type" will be privately owned unless your company is publicly traded or partially government-owned. Otherwise, use your federal Employer Identification Number (EIN). As a sole proprietor, you can use your Social Security Number (SSN) as the business tax ID. Suppose you're the only owner and haven't registered as a legal business entity (LLC, non-profit, etc.), select "Sole proprietor" as the business legal structure. The business address and phone number can be your home address or personal cellphone number. ![]() The "business name as you want it to appear on the card" doesn't need to match the "business name," but it can be an abbreviation if the full business name won't fit. Related: Who might be eligible for a small business card Tip: Use your own name if you don't have an official, separate business name. Don't make up a business name you haven't registered as a DBA. For partnerships, LLCs or any other type of legal business structure, use the official business name. Or, if you're a freelancer or independent contractor, use your own name as the business name - unless you've registered with your local or state government for a DBA name ("doing business as"), in which case you should use that name instead. If you're a sole proprietor (i.e., the sole business owner), you can use your name as the business name. Let's walk through this application for the Capital One Spark Cash credit card.įirst, enter your email address and business information.īy signing up, you will receive newsletters and promotional content and agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. No matter which Capital One business card you're applying for, the application will look the same. How to apply for a Capital One business credit card Note that you'll only be approved for one Capital One-issued card every six months.Īlso, remember that nearly all Capital One business cards will appear on your personal credit report, which means they'll add to your Chase 5/24 count - even though they're business cards. With that in mind, you should be aware of Capital One's credit card application restrictions.Īlthough the issuer limits you to having two personal credit cards at a time, Capital One business cards (and cobranded cards) aren't included in this limit. Related: How to maximize Capital One miles Capital One card requirements If you transfer your miles to Capital One's airline and hotel partners, you can potentially increase the value of these miles. The Spark Miles, meanwhile, is offering 50,000 miles after spending $4,500 in the first three months of account opening, worth $500 for travel. With the Spark Cash Plus card, you can earn a up to $3,000 cash bonus: $1,500 after you spend $20,000 in the first three months, and an additional $1,500 after you spend $100,000 in the first six months of card membership. With these cards, you don't have to juggle multiple spending categories, and earning 2% back for business purchases that would normally only earn 1% in rewards adds up over time. Capital One business cards are ideal for the business owner who want to earn the most rewards with the least amount of time and effort.Ĭards such as the Capital One Spark Miles for Business and Capital One Spark Cash Plus earn a flat 2 miles per dollar or 2% cash back on most purchases. ![]()
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