Capital One Spark Cash Plus Card Overview
With a $150 annual fee, the Capital One Spark Cash Plus (See Rates and Fees) The card offers 2% cash back on all purchases, with no limit on how many cash-back rewards you earn. In essence, the more you spend, the more you earn, whether you’re buying office supplies or business dinners. Card Rating*: ⭐⭐⭐½
* Card ratings are based on the opinion of TPG’s editors and are not influenced by the card issuer.
This Spark Cash Plus Closed for Business is an improved version of Spark Cash, although it has a higher $150 annual fee (see rates and fees). To compensate, Spark Cash Plus has a much higher sign-up bonus and a chance to get your annual fee refunded.
Spark Cash Plus is a little different from a traditional credit card in that you have to pay off the balance in full every month. The main difference is that there is no preset spending limit, so this is a good thing for business owners with many expenses who need to go above their credit limit.
TPG recommends a credit score of 740 or higher, but you may be able to get approved with a lower score.
Let’s dive in to see if this card is for you.
Spark Cash Plus Pros and Cons
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Spark Cash Plus Welcome Offer
This Spark Cash Plus Currently offering new applicants a great welcome bonus of $2,000 cash back after they spend $30,000 in the first three months. Plus, you can earn an additional $2,000 cash bonus for every $500,000 you spend during the first year.
If your business has high annual expenses and you can meet the minimum spend requirement, this welcome offer can be very profitable. It gives you the flexibility to get cash back and the ability to earn an essentially unlimited cash bonus in the first year.
Related: Best Business Cash Back Cards
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Spark Cash Plus Benefits
This Spark Cash Plus The card has no preset spending limits, so it’s flexible and can adapt to your needs based on your spending behavior, payment history and credit history. Another aspect to note about charge cards is that there is no annual percentage rate because your balance is due in full each month (see Rates and Fees).
If your business has a lot of operating expenses, Spark Cash Plus gives you a refund of your $150 annual fee every year you spend $150,000 or more each year. Still, that’s a huge amount to spend for a benefit of just $150.
As with all Capital One credit cards, you’ll enjoy no foreign transaction fees when you make purchases abroad (see Rates and Fees).
Finally, you can request an employee card at no additional cost (see Rates and Fees) that accesses your account as the primary cardholder.
Related: How to Apply for a Capital One Business Credit Card
Get cash back on Spark Cash Plus
The biggest draw of Capital One Spark Cash Plus It has a flat earning rate. You’ll earn unlimited 2% cash back on every purchase, everywhere — with no limits or category restrictions.
Depending on the type of card user you are, you may see this as a positive or a negative. But this is definitely a positive for those looking to maximize their business spending without worrying about falling into the purchase bonus category, as seen with many other business credit cards.
related to: How to convert Capital One cash back to miles
Which cards compete with Spark Cash Plus?
Below are some cards that compete with this unique Capital One offer:
- If you choose Chase: This The Ink Business Cash® Credit Card has no annual fee and earns 5% cash back on the first $25,000 in combined purchases at office supply stores and Internet, cable and phone services, and on Lyft rides through March 2025 on each account anniversary, 2% The first $25,000 is spent on gas and restaurant purchases combined, and 1% on all other purchases. If you pair this card with the Ultimate Rewards Earning Card, you have the ability to convert cash into points and use Chase’s impressive roster of transfer partners. For more information, read our full review of Ink Business Cash.
- If you don’t want the annual fee: With Inc Business Cash, there is too American Express Blue Business Cash™ CardA no-annual-fee card (see Rates and Fees) that offers a flat 2% rewards rate on the first $50,000 in eligible purchases each calendar year, then 1% cash back earned is automatically credited to your statement. This card is a strong contender if your business is small and doesn’t spend enough to justify the $150 annual fee on the Capital One Spark Plus. For more information, read our full review of Blue Business Cash.
- If you want transferable currency: This Capital One Venture X Business There are no preset spending limits, the lounge comes with lounge access, a $300 annual credit for bookings through Capital One Travel, and a $395 annual fee (see rates and fees) plus plenty of travel protection and insurance. He earns 2 miles per dollar on all purchases, 5 miles per dollar on flights and vacation rentals booked through Capital One Travel, and 10 miles per dollar on hotels and car rentals booked through Capital One Travel.
For additional options, check out our full list of the best business cards.
Related: Your Guide to Chase Inc. Business Credit Cards
Is Spark Cash Plus worth it?
Whether Spark Cash Plus is worth it depends on several factors, including the type of rewards you want to earn and your monthly business expenses. If you focus on earning cash rewards and value a simple earning structure, Spark Cash Plus is a great option. However, if you’re looking to increase your earnings and keep racking up your rewards, there are more valuable business credit cards — whether they’re cash back, points or miles.
Related: Considerations for your small-business credit card strategy
The bottom line
With an easy 2% earning rate on all purchases, Spark Cash Plus is a strong contender if you’re a business owner looking for easy returns. If your business has high annual expenses, you can actually achieve outsized value with the ability to earn unlimited cash bonuses. However, if you want to get into the frequent flyer rewards game, there is Other business cards that may be more appropriate.
Apply here: Capital One Spark Cash Plus
FOr Amex Blue Business Cash rates and fees, click here.
For Capital One products listed on this page, some benefits may be provided by Visa® or Mastercard® and may vary by product. For details of conditions and exclusions applicable see the relevant guidelines for benefits.