Capital One Spark Cash Plus

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Capital One Spark Cash Select for Excellent Credit

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ByDoug Milnes, CFA
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Reviewed byBrett Holzhauer
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Updated: March 19, 2024

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The Capital One Spark Cash Plus and the Capital One Spark Cash Select - $500 Cash Bonus will appeal to those looking to turn business purchases into rewards. But which card is the best match for your needs?

MoneyGeek compared the two Capital One small business cards by analyzing certain factors like rewards programs, annual fees, early spend bonuses and more. For example, the Capital One Spark Cash Plus has a $150 annual fee, whereas the Capital One Spark Cash Select - $500 Cash Bonus has none.

Comparison Overview: Capital One Spark Cash Plus vs. Capital One Spark Cash Select for Excellent Credit

  • Capital One Spark Cash Plus
    Capital One Spark Cash Select for Excellent Credit
  • Has Annual Fee
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  • Has Balance Transfer Offer
  • Has APR Offer
  • Cash Back Rewards
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  • Travel Rewards

Capital One Spark Cash Plus At a Glance

One thing to note is that the Capital One Spark Cash Plus is a charge card, which means it has no preset spending limit. This feature could benefit business owners who need flexibility in spending. Cardholders earn 2% cash back on every purchase and up to a $1,000 cash bonus.


  • Capital One Spark Cash Plus

    Generous flat-rate cash back on business expenses


    • 2% Cash BackRewards Rate
    • None (charge card)APR
    • $150Annual Fee
    • ExcellentRecommended Credit

Capital One Spark Cash Select for Excellent Credit At a Glance

The Capital One Spark Cash Select - $500 Cash Bonus is great for small business owners who want an unlimited cash back card without paying any annual or foreign transaction fees. You earn 1.5% cash back on every purchase and a $500 cash bonus when you spend $4,500 within the first three months of account opening.


  • Capital One Spark Cash Select for Excellent Credit

    A great no-annual-fee business card with 1.5% cash back


    • 1.5% — 5% Cash BackRewards Rate
    • 18.49% – 24.49% VariableAPR
    • $0Annual Fee
    • ExcellentRecommended Credit

Comparison Summary

MoneyGeek examined the differences between the Capital One Spark Cash Plus and the Capital One Spark Cash Select - $500 Cash Bonus to help you choose the best business credit card for your wallet.

Card Detail
Comparison Summary

Cash Back Reward

Both cards let you earn unlimited cash back. The Capital One Spark Cash Plus allows you to earn 2% cash back for your business on every purchase without any limits or category restrictions. Meanwhile, the Capital One Spark Cash Select - $500 Cash Bonus gives you flat-rate rewards of 1.5% cash back on all your purchases.

Winner: Capital One Spark Cash Plus

Early Spend Bonus

Capital One Spark Cash Plus cardholders can earn up to a $1,000 cash bonus — $500 when you spend $5,000 in the first three months and another $500 when you spend $50,000 in the first six months from account opening.

On the other hand, cardholders of the Capital One Spark Cash Select - $500 Cash Bonus can earn a one-time $500 cash bonus when they spend $4,500 on purchases within the first three months of account opening.

Winner: Capital One Spark Cash Plus

Annual Fee

The Capital One Spark Cash Plus has a $150 annual fee, which is high compared to other cards in the same category.

Meanwhile, the Capital One Spark Cash Select - $500 Cash Bonus has no annual fee.

Winner: Capital One Spark Cash Select - $500 Cash Bonus

APR

The Capital One Spark Cash Plus has no monthly APR. This means you have to pay your balance in full every month. If you can’t, a 2.99% late fee will be charged to your outstanding balance.

On the other hand, the Capital One Spark Cash Select - $500 Cash Bonus has a variable APR of 13.24% to 19.24% based on your creditworthiness.

Winner: Capital One Spark Cash Plus

Which Card Should You Get?

It’s essential to consider your small business spending needs and situation before choosing between the Capital One Spark Cash Plus vs. the Capital One Spark Cash Select - $500 Cash Bonus.

Who Should Consider the Capital One Spark Cash Plus?

The Capital One Spark Cash Plus is an attractive option for small business owners who want a simple rewards program. You can earn unlimited 2% cash back on all your purchases everywhere using this card.

  • businessOwner icon

    Business owners who require flexibility in their spending habits can take advantage of having no predetermined spending limit with this card.

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    High-spending business owners who can pay their balances in full every month will have no problem keeping this card.

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Who Should Consider the Capital One Spark Cash Select for Excellent Credit?

Small business owners who want to earn decent rewards without paying annual or foreign transaction fees will appreciate the Capital One Spark Cash Select - $500 Cash Bonus. You can earn unlimited 1.5% cash back for your business on every purchase anywhere.

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    Business owners who don’t want to pay an annual fee for their credit card.

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    Business owners who don’t want to keep track of a card’s earning rates or spending categories will enjoy this card’s simple rewards structure.

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EXPERT OPINION

If you’re spending a significant amount of money on a consistent basis, the Capital One Spark Cash Plus card will be a great fit for you and your business. If you spend inconsistently or make modest purchases, the Spark Cash Select will easily help you earn solid cash back without the pesky annual fee.

Other Helpful Decision-Making FAQs

Choosing the right card for your business can be tricky. MoneyGeek answered some frequently asked questions to help you make an informed decision when selecting the Capital One Spark Cash Plus vs. Capital One Spark Cash Select - $500 Cash Bonus credit card.

The best card depends on your needs and financial habits. If you want better rewards and an annual cash bonus, then the Capital One Spark Cash Plus is the card for you. But if you’re more likely to carry a balance every month, the Capital One Spark Cash Select - $500 Cash Bonus is the better option.

Yes you can.

Neither card earns points.

Yes, you can switch from the Capital One Spark Cash Plus to the Capital One Spark Cash Select - $500 Cash Bonus.

Both cards are easy to get as long as you have an excellent credit score.

For the Capital One Spark Cash Plus, you have to spend $5,000 in the first three months and $50,000 in the first six months to receive the $1,000 cash early spend bonus. Meanwhile, you have to spend $4,500 within the first three months of account opening to get the $500 cash early spend bonus offered by the Capital One Spark Cash Select - $500 Cash Bonus.

Still Not Sure About These Cards? Consider These Options

If you’re still on the fence about getting either the Capital One Spark Cash Plus or the Capital One Spark Cash Select - $500 Cash Bonus, take a look at some of the other cards in the cash back or rewards categories to see if those options are a better fit for you.

About Doug Milnes, CFA


Doug Milnes, CFA headshot

Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.

Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.


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