Annual Fee

Welcome Bonus

Base Earn Rate

Top Earn Categories

Network

Key Benefits

Pros

• +Unlimited 2% cash back on every purchase with no caps
• +5% cash back on hotels and car rentals through Capital One Travel
• +No category restrictions or spending limits
• +Free employee cards with individual spending controls
• +Cash back redeemable anytime with no minimum threshold

• +No annual fee reduces overhead costs
• +Unlimited 1.5% back on all business purchases with no caps on the base rate
• +5% total cash back on Lyft rides through September 2027
• +$750 welcome bonus is substantial for a no-annual-fee card
• +Points transfer to Chase Ultimate Rewards partners when paired with Sapphire or Ink Preferred

Cons

• −$150 annual fee requires significant spending to offset
• −High $30,000 spend requirement for welcome bonus
• −Requires excellent credit to qualify
• −No transferable points for travel redemption flexibility
• −5% bonus requires booking through Capital One portal

• −$6,000 spend requirement in 3 months for welcome bonus may be high for small businesses
• −1.5% flat rate is lower than 2% competitors like Wells Fargo Signify Business Cash or Capital One Spark Cash
• −Points are worth only 1 cent each unless paired with a premium Chase card
• −No trip cancellation, trip delay, or lost luggage insurance (unlike Ink Preferred)
• −Foreign transaction fees apply on international purchases

Annual Fee

Welcome Bonus

Base Earn Rate

Top Earn Categories

Network

Key Benefits

Pros

• +Unlimited 2% cash back on every purchase with no caps
• +5% cash back on hotels and car rentals through Capital One Travel
• +No category restrictions or spending limits
• +Free employee cards with individual spending controls
• +Cash back redeemable anytime with no minimum threshold

• +No annual fee reduces overhead costs
• +Unlimited 1.5% back on all business purchases with no caps on the base rate
• +5% total cash back on Lyft rides through September 2027
• +$750 welcome bonus is substantial for a no-annual-fee card
• +Points transfer to Chase Ultimate Rewards partners when paired with Sapphire or Ink Preferred

Cons

• −$150 annual fee requires significant spending to offset
• −High $30,000 spend requirement for welcome bonus
• −Requires excellent credit to qualify
• −No transferable points for travel redemption flexibility
• −5% bonus requires booking through Capital One portal

• −$6,000 spend requirement in 3 months for welcome bonus may be high for small businesses
• −1.5% flat rate is lower than 2% competitors like Wells Fargo Signify Business Cash or Capital One Spark Cash
• −Points are worth only 1 cent each unless paired with a premium Chase card
• −No trip cancellation, trip delay, or lost luggage insurance (unlike Ink Preferred)
• −Foreign transaction fees apply on international purchases

Annual Fee

Welcome Bonus

Base Earn Rate

Top Earn Categories

Network

Key Benefits

Pros

• +Unlimited 2% cash back on every purchase with no caps
• +5% cash back on hotels and car rentals through Capital One Travel
• +No category restrictions or spending limits
• +Free employee cards with individual spending controls
• +Cash back redeemable anytime with no minimum threshold

• +No annual fee reduces overhead costs
• +Unlimited 1.5% back on all business purchases with no caps on the base rate
• +5% total cash back on Lyft rides through September 2027
• +$750 welcome bonus is substantial for a no-annual-fee card
• +Points transfer to Chase Ultimate Rewards partners when paired with Sapphire or Ink Preferred

Cons

• −$150 annual fee requires significant spending to offset
• −High $30,000 spend requirement for welcome bonus
• −Requires excellent credit to qualify
• −No transferable points for travel redemption flexibility
• −5% bonus requires booking through Capital One portal

• −$6,000 spend requirement in 3 months for welcome bonus may be high for small businesses
• −1.5% flat rate is lower than 2% competitors like Wells Fargo Signify Business Cash or Capital One Spark Cash
• −Points are worth only 1 cent each unless paired with a premium Chase card
• −No trip cancellation, trip delay, or lost luggage insurance (unlike Ink Preferred)
• −Foreign transaction fees apply on international purchases