Capital One Spark 2% Cash Plus Credit Card Review
Key Takeaways
The Capital One Spark Cash Plus Business card has a $2,000 cash back bonus, but it requires $30,000 in spending within three months to earn it. You can earn an additional $2,000 for every $500,000 spent in the first year, along with 2% back on all purchases. This card works best for businesses with very high spend, while the card does not count against your 5/24 status. However, other cards offer strong bonuses with much lower spending requirements, so the main appeal here is the simplicity of flat-rate cash back.
Why This Card Could Be Right For You
If your business has significant monthly expenses and you don’t want to juggle multiple spending categories, the Capital One Spark Cash Plus Business card might be a good option. It offers straightforward rewards, including:
- A $2,000 sign-up bonus after spending $30,000 in the first three months
- 2% cash back on every purchase, everywhere, with no category restrictions
- An additional $2,000 for every $500,000 spent in the first year (in addition to the standard 2% back)
- No preset spending limit, which can be advantageous for large purchases
Because the balance must be paid in full each month, there is no APR. The card has a $150 annual fee, which is waived if you spend $150,000. If you regularly put substantial charges on your business card and prefer simplicity over complex point systems, this card could be a strong choice.
When The Usual Advice Doesn't Apply
You might not want this card if:
- Your business doesn’t spend enough to reach all the cash back bonus thresholds.
- You don’t mind tracking spending categories and prefer a different business card with more substantial benefits and perks.
What to Know About Capital One Miles
Capital One is a flexible point system we use for travel items that other systems don't cover
- Partner transfers are niche airlines and hotel brands, making the points more difficult to maximize
- Using an award search tool such as PointsYeah makes finding flights with those airlines more realistic
- Simple redemptions for erasing travel can be useful for cruises & rental cars (at 1¢/point so value isn’t maximized)
- Capital One is particularly attractive to businesses with large spending
How The Capital One Spark 2% Cash Plus Credit Card Fits In The Capital One Miles Ecosystem
This is one of three Capital One business cards that does not count against your 5/24 status, making it a good option if you are up against your limit. Here are how the other five Capital One business cards compare.
- Capital One Venture X Business: Premium miles-earning option with a 150,000-mile bonus tied to a high $30,000 spend requirement. This has a $395 annual fee and does not count against your 5/24.
- Capital One Venture Business: Earn 50,000 miles after spending $4,500, with 2x miles on all purchases and a $95 annual fee. This card is the final Capital One card that doesn't count against your 5/24.
- Capital One VentureOne Business: No annual fee and earns 1.5x miles on all purchases, with a 50,000-mile bonus after $4,500 in purchases.
- Capital One Spark 2% Cash: Flat 2% cash back with a 100,000 point bonus in the form of cash back after you spend $10,000. $95 annual fee, waived year one.
- Capital One Spark 1.5% Cash Select: No annual fee, earns 1.5% cash back, with a 75,000-point cash back bonus after $6,000 in purchases.
Card Information
Differentiating Perks
Rules
Historical Card Offers
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Estimated Next Offer
Capital One Spark 2% Cash Plus Application Rules
This business card will not show on your personal credit report, so it won't count against your 5/24 status
Card approval not subject to 5-personal-cards-in-24-months rule
You won’t be approved for a second Capital One card if you’ve opened one in the past six months
