Capital One Spark 1.5% Cash Select (Green card) Reports to Personal Credit

[toi34]

Hello~

Before I applied for this card for my business I read through several recent posts about this card, and specifically whether of not it reported to personal credit. What I read from many posters is that after a certain date (I believe it was October 2020) the Spark Cash Select series (the green cards) will no longer report on personal profile unless you default, but the Spark Travel Rewards cards will still report to personal credit (the blue series of cards). Also, if you had the Cash Select card before this date, your reporting was grandfathered-in, and thus you could not benefit from this new change. The Spark 1.5% Cash Select -- the starter card -- reports to personal credit as usual.

So armed with this information I applied for the Spark 1.5% Cash Select $0 annual fee and 0% introductory APR for the first 12 months

and received a $10,000 limit. I bought some inventory and paid my web designer.  Yesterday though, the card reported to ALL THREE of my personal credit reports. 

This effectively has rendered the card useless for me. 

Just wanted to put this out there for anyone looking to keep their business credit separate from their personal credit.

[pizza1]

Sorry to hear, but congrats on the approvals. Its known that all cap1 cards business and personal report to personal reports.

[MmmarkAz]

@toi34  Congrats, That's too bad it reports to personal CR, I've been looking into it Also.. I thought the Rule was all cards after Oct, I Guess the 2% one Doesn't.. Thanks for Info!

[BearsCubsOtters]

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@toi34 wrote:

Hello~

Before I applied for this card for my business I read through several recent posts about this card, and specifically whether of not it reported to personal credit. What I read from many posters is that after a certain date (I believe it was October 2020) the Spark Cash Select series (the green cards) will no longer report on personal profile unless you default, but the Spark Travel Rewards cards will still report to personal credit (the blue series of cards). Also, if you had the Cash Select card before this date, your reporting was grandfathered-in, and thus you could not benefit from this new change. The Spark 1.5% Cash Select -- the starter card -- reports to personal credit as usual.

So armed with this information I applied for the Spark 1.5% Cash Select $0 annual fee and 0% introductory APR for the first 12 months

and received a $10,000 limit. I bought some inventory and paid my web designer.  Yesterday though, the card reported to ALL THREE of my personal credit reports. 

This effectively has rendered the card useless for me. 

Just wanted to put this out there for anyone looking to keep their business credit separate from their personal credit.

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I am sorry to hear this. And the 3 HPs to get it.  Was there a specific reason you chose Capital One above any other business card? 

It seems ONLY the Capital One Spark Plus 2% card does NOT report to personal bureaus. All others do. Contained in the Spark Plus 2% terms and conditions (and not on any of the other cards):

Will This Card Be Reflected On My Personal Credit Report?

Late payments, missed payments or other defaults on your account may be reflected on your personal credit report.

Will This Card Be Reflected On My Business Credit Report?

Several items may be reflected on your business credit report. Items may include but are not limited to statement balance, late payments, missed payments or other defaults.

Such a strange bank. Great for building/rebuilding but not a bank for long term. 

[FinStar]

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@pizza1 wrote:
Sorry to hear, but congrats on the approvals. Its known that all cap1 cards business and personal report to personal reports.

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Not all of them @pizza1. I believe there's a couple that do not (Spark Plus 2% cashback, IIRC). I think @GApeachy can confirm which one(s).

[GApeachy]

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@FinStar wrote:

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@pizza1 wrote:
Sorry to hear, but congrats on the approvals. Its known that all cap1 cards business and personal report to personal reports.

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Not all of them @pizza1. I believe there's a couple that do not (Spark Plus 2% cashback, IIRC). I think @GApeachy can confirm which one(s).

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As far as current line up it appears the 2% NPSL 2% "Spark Cash Plus" replaced the newest Spark 2% "Cash" revolver (already discontinued). I think that's where the confusion came in ...the old issued "Cash" did and would continue to report to both personal and biz cra's whereas the newly "limited time" offer 2% "Cash"  cb card would not affect personal cr's.

I never read it's disclosure however online credit reviews are claiming this scenario. Search & Judge for yourself.

That leaves three other cb credit cards (not pts like Miles).Two of which are sharing the same name  😏 (like could Cap1 be even more confusing!?!)

Spark "Cash Select" 1.5% cb- first one for excellent credit, -the second 1.5% cb Spark "Cash Select" deemed for good credit.  Then there's good ol' Spark Classic (1% cb) that apparently was not revamped and continues to be the subtle dooky brown that it's always been instead of the vibrant green of the "Cashback" card series. 👍😜😆👎

We'll need more firsthand DPS but doing an online search produced as much confusion there as here.  

The only disclosure I found, for ALL of their cards, stating to only report to biz cra's, except when default occurs, is the Charge Card. The 2% "Cash Plus" npsl charge card.  

Chime in with what you know....anyone.