![]() ![]() While that reporting could help enhance your personal history if your payments are timely and well within your credit limits, any missteps you make could also mar it. That flow of information can help you begin to build a business credit history. But in addition, Capital One reports that account information to the credit bureaus that determine your consumer credit scores. Your personal credit history could be affected: Capital One, along with most major business credit card issuers, reports your account activity on its cards to the commercial credit bureaus.While that’s hardly unusual for a no-fee card available to those with mediocre or even poor credit, it still pales beside the hundreds of dollars dangled by many of the best business cards. With the Capital One Spark Classic, however, you get only the latter. No bonus: Many rewards credit cards offer a bonus as well as ongoing rewards on everyday purchases.While that's a modest rate compared to what you can get with good credit-the Capital One Spark 1.5% Cash Select offers a flat 1.5% cash back, for example-it provides at least some return on your spending as you begin to build a positive credit history. Simple, if lean, rewards: The card offers a flat 1% cash back on every purchase you make.If you're trying to get your business off the ground but aren’t sure if your credit is in good enough shape for most business cards, this one could be a solid alternative. According to the bank, it’s possible to qualify if you’ve defaulted on a loan in the past five years or if you have a limited credit history-meaning you’ve only been using credit for less than three years. With the Capital One Spark Classic, however, you may be approved even if your credit history isn’t stellar or extensive. Good credit isn't required to be considered for approval: Virtually all small business credit cards require a personal credit check when you apply, and many of the best options are aimed at business owners with a proven record of good or excellent personal credit.Your personal credit history could be affected ![]()
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