Capital One Spark Cash Plus Business Card Review (2022)

Apply now for the Capital One Cash Plus.

Regardless of whether you are trying to earn cash back or travel rewards, the Capital One Spark Cash Plus is a great card for any business that spends a lot. The new Capital One card was launched in August of 2021, but the previous one is no longer open to new applicants.

Capital One Spark Cash Plus Basics For March 2022

I wanted to take a close look at the Capital One Spark Cash Plus, which offers an industry-leading return on business spending, a lot of flexibility, and a massive welcome bonus. This is a card that I recently picked up, and one that I recommend other people to consider if it matches their spending patterns. It is one of the most rewarding business cards.

Spark Cash Plus $3,000 Cash Back Bonus

Capital One is giving new cardmembers a huge welcome bonus of up to $3,000.

• Earn $500 cash back after spending $5,000 within the first three months
• Earn an additional $2,500 cash back after spending a total of $50,000 within the first six months

If you spend $50,000 in the first six months, you will earn $3,000 in cash back, which is anIncremental 6% return on spending, on top of the regular rewards structure. If you spend $50,000 on the card, you will earn a total of $4,000 in cash back, which is an 8% return.

Spark Cash Plus Eligibility Requirements

I was approved for the Capital One Spark Cash Plus immediately after applying. There are a couple of things to note.

• Capital One has very few consistent application rules, and I was able to get approved for the card in spite of only recently having picked up the Capital One Venture X Rewards Credit Card
• You are eligible for the bonus on this card even if you have or have had another type of Capital One Spark card; you’re just not eligible if you’ve had this exact card before

Spark Cash Plus Unlimited 2% Cash Back

unlimited 2% cash back on every purchase, everywhere, with no limits or category restrictions, is offered by the Capital One Spark Cash Plus. This is great for purchases abroad because there are no transaction fees. You will find the best rewards structure on any business card.

Spark Cash Plus Annual $200 Cash Bonus

The Capital One Spark Cash Plus has more than 2% cash back. You will receive an annual $200 cash bonus if you spend $200,000 or more on the card in an anniversary year.

If you spend $200,000 on the card in a year, you will earn $4,200 in cash back, which is a 2.1% return. That's amazing. If you spend $200,000 a year on the card, the $200 cash bonus more than makes up for the annual fee, giving you access to one of the only 2% cash back business cards with no foreign transaction fees.

Spark Cash Plus $150 Annual Fee

The Capital One Spark Cash Plus has an annual fee of $150. At least that fee covers as many people as you want to add, so you can add employees at no extra cost.

Spark Cash Plus Issued As Charge Card

A credit card is not the same as a charge card. What are the consequences of this?

• There’s no pre-set spending limit, so this is great for businesses that frequently make larger purchases
• You’ll have to pay your balance in full each billing cycle (I generally don’t recommend using credit card financing anyway, given how expensive it is)

This seems to me to be an interesting direction for Capital One.

• Financing charges is a big source of revenue for credit card companies, and Capital One is largely giving that up
• Amex has been moving away from charge cards and toward credit cards, while Capital One is doing the opposite

Convert Cash Back Into Capital One Miles

There is a twist to the Capital One Spark Cash Plus for those who want to earn travel rewards.

This card gives you a lot of flexibility, so it's an exciting opportunity. You can earn 2% cash back, or in conjunction with another card, you could earn 2x Capital One miles per dollar spent. You could get up to 300,000 Capital One miles from the bonus.

Is The Capital One Spark Cash Plus Worth It?

The Capital One Spark Cash Plus is not for everyone.

The current welcome bonus is one of the most generous we have ever seen, and I think the Spark Cash Plus is fantastic for many types of businesses.

• For those looking to earn cash back, you won’t find another business card offering 2% cash back with no foreign transaction fees or caps on earning
• For those looking to earn travel rewards, you won’t find another business card offering 2x transferable points with no foreign transaction fees or caps on earning (though you do need to have another card, like the Capital One Venture X, in conjunction with it)
• For businesses that spend a lot, the $200 annual cash bonus will more than cover the $150 annual fee (you’ll even be $50 ahead!)
• The current welcome bonus of $3,000 cash back is more or less unheard of; while the spending requirement is significant, this is an incredible return on spending

I can't think of any other business card in the market that has that kind of value proposition.

The Capital One Spark Cash Plus is a lucrative business card that offers 2% cash back on all spending with no foreign transaction fees, a $200 bonus when you spend $200,000 on the card in a year, and has no pre-set spending limit. There is never a better time to pick up the card, as the current $3,000 cash back welcome bonus is ending on March 14.

If you spend a lot on your business card and want to earn cash back rewards, then this card is a no-brainer. The ability to convert rewards into Capital One miles in conjunction with a card like the Capital One Venture X is also interesting. You could earn up to 300,000 Capital One miles as part of the welcome bonus, and this card offers 2x Capital One miles on an ongoing basis.

You can learn more about the Capital One Spark Cash Plus by following this link.

The rates and fees for American Express cards can be found in the following links. The American Express Blue Business Cash Card has rates and fees.