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- 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
The Capital One Spark Cash Plus Credit Card offers savvy business owners a powerful tool for managing expenses while earning robust rewards. Its cash back program can lead to impressive savings, especially for those who travel frequently. In addition, the substantial welcome bonus, despite its lofty requirements, serves as an attractive carrot. The card's high-annual-spend fee waiver and array of business tools underscore its value, particularly for large-scale operations. Furthermore, its extensive list of added perks, including no foreign transaction fees and various assurances, contribute to its appeal as a comprehensive financial asset for any business.
Capital One Spark Cash Plus Overview
The Capital One Spark Cash Plus Credit Card offers an enticing variety of features tailored to cater to the unique needs of business owners. Here are some high-level highlights:
- Rewards rate: Earn 2% cash back on all spending and 5% cash back on hotels and rental cars booked through Capital One Travel
- Welcome offer: Earn a one-time cash bonus of $1,200 after spending $30,000 in the first three months
- Regular APR: None (charge card)
- Annual fee: $150 (refunded with annual spending of $150,000+)
- Intro APR offer: None
Important Card Details
Let’s delve into the Capital One Spark Cash Plus Credit Card’s unique cash back structure, attractive yet demanding welcome offer, business-friendly tools and additional perks.
Generous Cash Back
The Capital One Spark Cash Plus Credit Card stands out due to its competitive cash back structure. It offers a consistent 2% cash back on all purchases, which is above the standard 1-1.5% offered by many cards. This can accumulate into substantial savings over time. The extra kick comes in with the 5% cash back on hotels and car rentals booked through Capital One Travel, which incentivizes business owners to use the card for travel-related expenses, significantly boosting their rewards.
Lucrative Welcome Offer
The one-time cash bonus of $1,200 after spending $30,000 in the first three months is a generous offer that can entice those with high initial expenditures. However, the spending requirement to attain this bonus is relatively high. Business owners should be certain they can meet this spending threshold without stretching their budget, ensuring the reward doesn't lead to unnecessary financial strain.
Annual Fee (Maybe)
The Spark Cash Plus card does have a $150 annual fee. However, this fee is waived if your business spends at least $150,000 that year. This perk rewards high-volume spenders and can offset the initial cost of the card for those businesses. It's worth weighing the potential rewards against the fee and your expected spending patterns before making a decision.
Useful Business Tools
The card also comes with business-friendly features like free employee cards and quarterly and year-end summaries. These tools can significantly streamline expense tracking and budget management. Additionally, distributing employee cards can make business transactions more efficient while accumulating more rewards.
Additional Cardholder Perks
On top of its cash back and business features, the Spark Cash Plus card also offers several additional perks. These include no foreign transaction fees, roadside assistance, extended warranties, purchase assurance and lost or damaged luggage reimbursement. However, it's important to note that these benefits come with specific terms, conditions and exclusions. These perks can provide peace of mind, especially for businesses that involve travel, but it's vital to read the fine print to understand the full scope of these advantages.
How the Capital One Spark Cash Plus Compares
Let's look at the Capital One Spark Cash Plus Credit Card alongside another popular business credit card to determine which one provides the most value to your business operations.
How This Card Compares
Capital One Spark Cash Plus Credit Card
- Rewards rate: Earn 2% cash back on all spending and 5% cash back on hotels and rental cars booked through Capital One Travel
- Welcome offer: Earn a one-time cash bonus of $1,200 after spending $30,000 in the first three months
- Regular APR: None (charge card)
- Annual fee: $150 (refunded with annual spending of $150,000+)
- Intro APR offer: None
- Best for: businesses with large and varied expenses
Capital One Spark Cash Select for Excellent Credit
- Rewards rate: Earn 1.5% cash back on all spending
- Welcome offer: Earn a one-time cash bonus of $750 after spending $6,000 in the first three months
- Regular APR: 18.49% to 24.49% variable
- Annual fee: $0
- Intro APR offer: None
- Best for: smaller businesses with lower spending
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