Compare it to the Capital One Spark Cash Plus
If you spend an extremely large amount on business expenses each month and want the opportunity to earn an even higher cash back rate while doing so, you may want to consider the Capital One Spark Cash Plus.
This card offers 2% Cash Back on every purchase; 5% Cash Back on hotels and rental cars booked through Capital One Travel. Plus, earn up to a $1,000 cash bonus; $500 once you spend $5,000 in the first 3 months, and $500 once you spend $50,000 in the first 6 months of account opening. The card also offers an annual $200 bonus each year that you spend $200,000 or more.
Unlike the Capital on Tap Business Credit Card, the Capital One Spark Cash Plus charges an annual fee of $150. However, you can earn enough cash back to cover that amount by charging approximately $625 per month on your card each year ($625 x 12 months x 2% = $150 cash back).
While the Capital One Spark Cash Plus doesn’t have a preset spending limit, know that this doesn’t mean unlimited spending potential. Instead, the amount you can spend can adjust over time based on your spending behavior, payment history and credit profile.
You should also know that because the Capital One Spark Cash Plus is a charge card, you must pay your balance in full each month. Otherwise, you’ll be charged a late fee of 2.99% on your outstanding statement balance, and your account will be considered past due until the payment is made in full.
That said, the Capital One Spark Cash Plus does offer more business-related benefits than the Capital on Tap Business Credit Card, including roadside assistance, access to Capital One Travel, extended warranty protection and more.