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Capital One Spark Cash Plus Credit Card

Written by: Lenny Pappano
Reviewed by: Jason Foley
Capital One Spark Cash Plus Apply Now

The Capital One Spark Cash Plus Business card offers appealing rewards but requires considerable spending to unlock its full potential. Its flat cash-back rate benefits high-volume spenders who value simplicity over maximizing every perk.

Capital One Spark Cash Plus Apply Now

Capital One Spark Cash Plus Credit Card Review

Key Takeaways

The Capital One Spark Cash Plus Business card includes eye-catching language that might seem more valuable than it actually is. While it advertises a “$2,000 cash back sign-up bonus,” you must spend $30,000 in the first three months to earn it. You can also earn an additional $2,000 for each $500,000 spent in the first year, along with 2% back on all purchases. If your business has substantial monthly spending, you can maximize the rewards. However, there are other business cards with higher sign-up bonuses that require less spending. On the other hand, the simplicity of a flat 2% on everything may appeal to some.

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.
Capital One Miles

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
  • Car Rentals, cruises, and vacation home rentals top our list of uses for Capital One Miles
  • Partner transfers are niche airlines and hotel brands, making the points less attractive
  • Point redemptions are so similar to cash that they can be less satisfying for the hobbyist
  • Capital One is particularly attractive to businesses with large spends

How The Capital One Spark Cash Plus Credit Card Fits In The Capital One Miles Ecosystem

Among the six Spark Business cards Capital One offers, the Spark Cash Plus for Business stands out for its unique structure. In particular, you might compare it to the Capital One Venture X Business card:

  • Higher sign-up bonus: Spark Cash Plus offers $2,000 cash back, compared to the Venture X’s 150,000 points (worth $1,500). However, both cards require $30,000 in spending to earn their sign-up bonuses.
  • Ongoing rewards: With Spark Cash Plus, you can earn an additional $2,000 for every $500,000 spent in the first year, making it attractive for businesses with significant expenses.
  • Annual fees: Spark Cash Plus charges a $150 annual fee (waived if you spend $150,000), whereas the Venture X has a $395 annual fee but comes with extras like lounge access and travel credits.

Ultimately, whether Spark Cash Plus or Venture X is best for you depends on your spending habits and how valuable you find lounge access and other travel benefits.

As for the other Spark cards, their differences lie in sign-up bonuses, spending multipliers, and whether rewards come as cash or miles/points. For example, the Spark 2% Cash card provides a higher welcome offer than the Spark 2X Miles card but requires a larger spend ($7,500 vs. $4,500). Both have a 95 annual fee, waived the first year. The Spark 1.5X Miles Select and 1.5% Cash Select each offer a 50,000-mile or $500 sign-up bonus, with 1.5X or 1.5% earnings — and neither has an annual fee. Finally, the Spark 1% Classic does not offer a sign-up bonus and has no annual fee, but it’s generally less appealing than the other options.

Card Information

Bonus Points Minimum Spend Point Value Annual Value Annual Fee
1st Year Value
200,000 $30,000 1.1 ¢ $0 $150
$2380
Best Value Differentiating Perks Rules
Cash Back 2% Cash Back every purchase. No CR , 5/24

AWARD SYSTEM

Capital One Miles

BANK

Capital One

Reconsideration Phone 800.867.0904

CURRENT OFFER

200,000 points for
$30,000 spend.

Spend Categories

All Other + »

2X points
2.2¢ Per Dollar Spent

Software and Hardware = »

2X points
2.2¢ Per Dollar Spent

Department Stores = »

2X points
2.2¢ Per Dollar Spent

Gas Stations = »

2X points
2.2¢ Per Dollar Spent

Grocery Stores = »

2X points
2.2¢ Per Dollar Spent

Hotels - »

5X points
5.5¢ Per Dollar Spent

Office Supplies = »

2X points
2.2¢ Per Dollar Spent

Online Advertising = »

2X points
2.2¢ Per Dollar Spent

Parking + »

2X points
2.2¢ Per Dollar Spent

Travel - »

5X points
5.5¢ Per Dollar Spent

Rideshare and Transit = »

2X points
2.2¢ Per Dollar Spent

Wholesale Clubs = »

2X points
2.2¢ Per Dollar Spent

Drug Stores = »

2X points
2.2¢ Per Dollar Spent

Internet and Cable = »

2X points
2.2¢ Per Dollar Spent

Fitness Memberships = »

2X points
2.2¢ Per Dollar Spent

Card Benefits

No Foreign Transaction Fees »
You will pay no foreign transaction fees when you use your card for purchases made outside the United States.
Extended Warranty »
You can double the warranty up to 1 additional year on eligible purchases with warranties of 3 years or less.

Point Transfer Options

Transfer To Spouse/Partner Yes

Transfer To Friends Yes

Travel Partner Transfers

Capital One Miles Outside Point System

Transfers Out To
Point Transfer Options
Air Canada Aeroplan

1:1 127% value retained

Point Transfer Options
Avianca LifeMiles

1:1 127% value retained

Point Transfer Options
British Airway Executive Avios

1:1 91% value retained

Point Transfer Options
Cash in Cents

1:1 91% value retained

Point Transfer Options
Cathay Pacific

2:1.5 82% value retained

Point Transfer Options
Etihad Guest

1:1 109% value retained

Point Transfer Options
Flying Blue and Air France

1:1 109% value retained

Point Transfer Options
Qantas Frequent Flyer

1:1 109% value retained

Point Transfer Options
Singapore KrisFlyer

1:1 118% value retained

Point Transfer Options
Turkish Airways

1:1 109% value retained

Point Transfer Options
Virgin Atlantic Flying Club

1:1 127% value retained

Point Transfer Options
Wyndham Rewards

1:1 91% value retained

Capital One Spark 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

Your application will be declined if 5 new cards are reported on your personal credit report in the past 24 months

Breaking Points