🚀 Our new App is live!  Signup

💳 The best offers for May! Details 

Advertiser Disclosure

Advertiser Disclosure

Although we put in a lot of effort to give our readers unbiased information, and we include many credit card offers on our website for which we do not get paid any compensation, we are legally required to notify you that we may be receiving compensation from some of the credit card companies mentioned on our website.

Some of the credit card offers which appear on helpmebuildcredit.com are from credit card companies from which this site possibly receives compensation. This compensation may impact how and where credit card offers appear on this site. This site possibly does not include all available credit card offers.

 

Close

Capital One Spark Cash Will No Longer Be Reporting On Your Personal Credit Report

- Oct 21, 2020 Credit Card Info18 comments

In a conversation I had with a Capital One executive, it was confirmed to me that the Capital One Spark Cash for Business credit card will no longer get reported on the cardholder’s personal credit reports. Here is Capital Ones’ official statement coming from a capital One spokesperson “ Our portfolio of small business credit cards report to both personal and business credit reporting bureaus. For new Spark Cash customers starting 10/20, Capital One will no longer report to personal credit bureaus as long as an account remains in good standing”

Previously, all Capital One Business cards did get reported on the cardholder’s personal credit report, unless you got approved for a credit limit higher than $150,000. This has changed, and new applicants for the Capital One Spark Cash will not see the card appear on their credit report. Please note, as of now, this change only reflects the Capital One Spark Cash for Business, not the Spark Miles.

Why is this a big deal?

Capital One Spark Cash is the only business credit card which offers unlimited 2% cashback on all purchases. But even with such a generous cashback offer, many businesses opted out of getting the card as they did not want their business balances to show on their personal credit report and hurt their credit score. Now, these businesses can jump in and take full advantage of the super cashback offer without any worries about their credit scores.

Another reason why this matters is in regard to Chase 5/24. Most business cards don’t get reported on your personal credit report. Therefore, they do not count towards the Chases 5/24 rule. Capital One Business cards do get reported to the credit bureaus and do count towards Chases 5/24. But now that this changed you can feel freer to get the Spark Cash card, without using up a slot towards a Chase card.

Which Capital One credit cards report on your personal credit report

  Reports on your personal credit report?
Capital One Spark Cash Plus no
Capital One Spark Cash If you applied for this card before 10/20/20, then it will report. If you applied after this date then it will not report.
card_name yes
card_name yes
Capital One Spark Miles Select Business Card yes
Capital One Spark Classic Business Card yes
card_name no

Which banks report business credit cards to the credit bureaus

Based on this new information I updated this chart to reflect the change.

Reports business cards on your personal credit report?
Amex no
Bank Of America no
Barclays no
Capital One Yes, except the Spark Cash Card, and Capital One Venture X Business
Citi no
Chase no
Discover yes
US Bank no
TD Bank yes
Wells Fargo no

 

Will Capital One stop reporting all their business cards to the credit bureaus? Will existing Capital One cardholders also get their business cards removed from their credit reports? As of now no. But, I believe this positive change is only a beginner with more to come.

 

 

Frequently asked questions
Can I trust Annualcreditreport.com to order a copy of my credit report?
Annualcreditreport.com is owned jointly by the three credit bureaus. It's actually the most trusted source to get a free copy of your credit report.

Was this article helpful?

avatar_logo
Sam Sam has nearly a decade's worth of experience educating his many readers on everything credit. Sam spends his days checking out credit cards for a full report, from the minute benefit details to the shebang of welcome bonuses. Plus studying the ins and outs of building proper credit. It’s his favorite pastime and he loves sharing it with others.

Leave A Comments

This site uses Akismet to reduce spam. Learn how your comment data is processed.

18 Comments

  1. Great info! Do you know if Spark Cash Select is still reported?

    Reply
    • This change as per the executive only reflects the Spark Cash Card and only for new applicants.

      Reply
      • I sent you the chat screenshots in an email.

        Reply
      • Absolutely unacceptable for Capital One not to apply this incredibly beneficial reporting change to existing accounts.

        Reply
  2. Amex has a business card that offers unlimited 2% cash back on all purchases and there is no annual fee.

    Reply
    • Oh actually that card is not unlimited. It is up to 50k in purchases

      Reply
      • Correct. This is the only business Unlimited 2% cash back credit card

        Reply
        • Will previously business reported balances on the personal report reflect a zero balance now? Does the balance just disappear? 9/20 showed $5k. After 10/20 that $5k reflects a $0 balance?

          Reply
          • This change, as of now, is only for new cardholders. Unfortunately, if your an existing cardholder you will still see the account and balances appear on your personal credit report.

  3. What score is needed for the Capital One Spark Cash Business Credit Card?

    Reply
    • Thes score should be in the excellent category which is 720 plus.

      Reply
  4. People are telling me this reporting change never happened. Spark Cash still reports to personal credit report

    Reply
    • It sure does! I just got my card in September 2021, and it took my score down nearly 70 points! Beyond angry!

      Reply
      • Are you sure you got the Spark Plus card not the Spark Miles? Because I do not have any other data points that suggest the Spark Plus reporting.

        Reply
  5. I was just approved 9/2021 its 12/21 and this freaking company is reporting to my personal & business credit. How is this legal.

    Reply
  6. There are many data points that show that this is not true. I would post an update, the Capital One executive was wrong.

    Reply

Recent Posts

Follow us

Click here to subscribe to
our WhatsApp channel

Today's
best offers

Capital One Venture X Business

Earn 150,000 miles after spending $30,000 within the first 3 months.

more info

Ink Business Preferred Credit Card

Earn 100,000 points after spending $8,000 within the first 3 months.

more info

The Platinum Card from American Express

Earn 80,000 points after spending $8,000 within the first 6 months (terms apply).

more info

American Express Business Gold Card

Earn 130,000 points after spending $10,000 within the first 3 months (terms apply).

more info

You May Also Like

Credit Card Disputes – Know Your Rights

Credit Card Disputes – Know Your Rights

The main benefit as for why I always use a credit card, wherever possible, is because of the option it provides for disputing a charge. It gives me an unexchangeable feeling of security that if something goes wrong I can always dispute the charge. I get asked many...

read more
New Sapphire Preferred Offer. 75k Points!!

New Sapphire Preferred Offer. 75k Points!!

The offer on the card_name just popped up to 75,000 points after spending $4,000 within the first 3 months. There is also an 85k offer available in Chase branches but for that offer you need to spend $6k. (Usually, Chase will match the in-branch offer even if you...

read more
News You May Have Missed Over Yom Tov

News You May Have Missed Over Yom Tov

Yom Tov has come and gone. While you were busy celebrating you may have missed some credit card news that happened within the last 2 weeks. First off, we want to apologize for the posts that regretfully went out on Chol Hamoed / Yom Tov. The posts were pre scheduled...

read more
Credit Card Grace Period Explained

Credit Card Grace Period Explained

We all know that we don’t pay interest on credit card purchases until after the credit card due date. But do you know why? You may answer that the credit card issuers want you to use your credit cards, so it doesn’t make sense for them to charge you interest. That is...

read more
Best Credit Cards With Airport Lounge Access [2024]

Best Credit Cards With Airport Lounge Access [2024]

Traveling for Yom Tov? Do you know that you can enjoy airport lounges without upgrading your travel ticket? If you have a credit card that has lounge access, you can enjoy the luxury of it on your trip.  With many of us flying for Yom Tov and with summer travel season...

read more
success_icon

Download link sent
succesfully

Got it * please check your promotional inbox
fail_icon

Error sending download link

Try Again