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The Capital One Spark Cash Plus is a Visa card.
How LendingTree Rates Credit Cards?
Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.The Capital One Spark Cash Plus can certainly be worth the high $150 annual fee for high-spending businesses because of its flexible no preset spending limit and valuable rewards rate. It offers an elevated cash back rate with no earning cap — which isn’t the case for many other similar business cards. Plus, if you spend at least $150,000 each year, you’ll get a refund for the entire annual fee.
The card’s sign-up bonus is also well worth it if you can meet the spending requirement: Earn $2000 Cash Back once you spend $30,000 in the first 3 months. Earn an additional $2,000 cash bonus for every $500K spent during the first year.
If you don’t meet either of these spending thresholds, you should consider the lower-annual-fee Capital One Spark Cash (see rates & fees) or a no-annual-fee card like the Signify Business Cash℠ Card by Wells Fargo or The American Express Blue Business Cash™ Card (see rates & fees).
| Credit Cards | Our Ratings | Welcome Offer | Rewards Rate | Annual Fee | |
|---|---|---|---|---|---|
Capital One Spark Cash Plus
|
$2,000 cash back
$2000 Cash Back once you spend $30,000 in the first 3 months. Earn an additional $2,000 cash bonus for every $500K spent during the first year
| 2% - 5% Cash Back
| $150 | ||
Capital One Spark Cash
|
$750 cash back
Earn $750 Cash Back once you spend $7,500 in the first 3 months from account opening
| 2% - 5% cash back
| $0 intro for first year; $95 after that | ||
Signify Business Cash℠ Card*
|
N/A | $500 cash back
Earn $500 cash back after spending $5,000 on purchases within three months of account opening
| 2% cash back
Earn unlimited 2% cash rewards on purchases
| $0 | |
The American Express Blue Business Cash™ Card
|
$250 statement credit
Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
| 1% - 2% cash back
Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%
| No annual fee |
Flat-rate cash back rewards
The Capital One Spark Cash Plus lets you earn 2% Cash Back on every purchase; 5% Cash Back on hotels and rental cars booked through Capital One's travel booking site. This makes it a great option if your spending is spread across many different categories or if your business spends enough to hit the spending limits on similar cash back cards.
This high rewards rate is made even more valuable with its lack of an earning cap. Several cards, like the The American Express Blue Business Cash™ Card, have a similar rewards rate but come with an earnings cap that usually drops your earning rate down to just 1% after you reach it.
Excellent welcome offer
The Capital One Spark Cash Plus is currently offering one of the largest sign-up bonuses you can find. You’ll earn $2000 Cash Back once you spend $30,000 in the first 3 months. Earn an additional $2,000 cash bonus for every $500K spent during the first year.
Annual fee refunded each year for high spenders
With the Capital One Spark Cash Plus, you can get the $150 annual fee refunded each year you spend at least $150,000 (see rates & fees). If you spend enough to reach this cap each year, you’ll find that it’s one of the best values for small businesses.
Travel benefits
Although the Capital One Spark Cash Plus isn’t billed as a travel card, it does offer several travel-related perks. It doesn’t charge any foreign transaction fees (see rates & fees) and includes car rental insurance and the ability to use your rewards through Capital One’s travel portal. You also have the ability to earn 5% cash back on hotels and rental cars booked through Capital One’s travel booking site.
No preset spending limit
The Capital One Spark Cash Plus is a charge card, so it has no preset spending limit. This allows you to be more flexible with your spending. This is helpful for businesses whose expenses vary throughout different times of the year.
Keep in mind that this doesn’t mean you can spend an unlimited amount. It simply means that your credit limit can change over time — so treat it like a typical credit card and don’t spend more than you can pay off.
High annual fee
The Capital One Spark Cash Plus comes with a $150 annual fee (see rates & fees). As mentioned, you can get this refunded every year you spend at least $150,000. However, if you’re on a more modest budget, you may want to consider a cash back card without an annual fee, like the Signify Business Cash℠ Card by Wells Fargo.
High spending requirements for bonus and refund
The card’s sign-up bonus and annual fee refund have large spending requirements. You’ll need to spend nearly $12,500 a month to receive the refund on the annual fee (see rates & fees). If your business spending falls far below this threshold, you may want to consider a business cash back card with a lower price tag.
Charge card means carrying a balance can be expensive
The Capital One Spark Cash Plus is a charge card rather than a credit card. This means that there is not a preset spending limit — which can be an advantage if you need to make a large purchase — but it also means you’re required to pay the balance in full each month. If you don’t, you’ll have to pay a late fee of 2.99% of the unpaid portion (see rates & fees). This makes the Capital One Spark Cash Plus a poor option if your business’s cash flow requires you to carry a balance into the next month.
If your business doesn’t spend enough to pay off the annual fee of the Capital One Spark Cash Plus (see rates & fees) or reach the card’s sign-up bonus without overspending, then the Capital One Spark Cash could be a good fit for you. It comes with many of the same business benefits and an easier-to-earn signup bonus: Earn $750 Cash Back once you spend $7,500 in the first 3 months from account opening.
This card comes with a much lower sign-up bonus, but it’s also easier to earn: Earn $500 cash back after spending $5,000 on purchases within three months of account opening.
It’s also a better option if you want to finance a big business purchase, since it has a long intro purchase APR. You’ll get a 0% introductory APR for 12 months from date of account opening on purchases. After that, a 17.49% - 25.49% Variable APR applies.
The Capital One Spark Cash Plus is a Visa card.
Since the Capital One Spark Cash Plus is a charge card, it doesn’t have a preset spending limit. However, there is a maximum you can spend on the card — and that amount can vary based on your credit score, spending patterns and other factors.
An excellent credit score is recommended to apply for the Capital One Spark Cash Plus. Keep in mind that even with a great credit score, it’s not a guarantee you’ll get approved for a card.
Yes, you can earn $2000 Cash Back once you spend $30,000 in the first 3 months. Earn an additional $2,000 cash bonus for every $500K spent during the first year. While it is a valuable sign-up bonus, it does have a high spending requirement — so it would be best to apply for this card right before you plan on making big purchases for your business.
To see rates & fees for American Express cards mentioned on this page, visit the links provided below:
For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply
The information related to the Signify Business Cash℠ Card has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.
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