Capital One Spark Cash Plus
This page may contain referral or affiliate links. These links help support our work.
Annual Fee: $150
Welcome Offer: $2,000 cash back after spending $30,000 in the first 3 months. Additional $2,000 cash back for every $500K spent in the first year
My overview: A powerful cash back business card with a large welcome offer if you spend enough to negate the annual fee
Welcome Bonus History
Bonus | Start Date | End Date |
|---|---|---|
$2,000 cash back after spending $30,000 in the first 3 months. Additional $2,000 cash back for every $500K spent during the first year | 8/2024 | – |
$2,000 cash back after spending $30,000 in the first 3 months | 3/2024 | 8/2024 |
Annual Fee
$150
Spending Categories
- 5% cash back on hotels booked through Capital One Travel (terms apply)
- 5% cash back on rental cars booked through Capital One Travel (terms apply)
- 2% cash back on every other purchase
Credits
- $150 annual fee refunded every year you spend at least $150,000
Foreign Transaction Fee
None
Additional Benefits
- Flexible spend capacity with no preset spend limit
- Free employee cards
- Pay-in-full card so balance must always be paid off in full every month
- Cash back rewards never expire when account is open
Transfer Partners
Capital One’s airline and hotel travel partners are a great way to increase the value of your Spark cash back. The Spark Cash Plus earns Cash Rewards, which can be transferred to airlines and hotels if you use the Combine Rewards feature to move your rewards to a card earning Capital One Miles.
Cash back earning personal credit cards:
- Capital One Quicksilver Cash Rewards Credit Card ($0 annual fee)
- Capital One Savor Cash Rewards Credit Card ($0 annual fee)
Cash back earning business credit cards:
- Capital One Spark Cash Select ($0 annual fee)
- Capital One Spark Cash Plus ($150 annual fee)
Miles earning personal credit cards:
- Capital One VentureOne Rewards Credit Card ($0 annual fee)
- Capital One Venture Rewards Credit Card ($95 annual fee)
- Capital One Venture X Rewards Credit Card ($395 annual fee)
Miles earning business credit cards:
- Capital One Spark Miles for Business ($0 intro annual fee for first year; then $95)
- Capital One Venture X Business ($395 annual fee)
1:1 miles transfer (unless stated) to the following loyalty programs:
- Airline Travel Partners
- Aeromexico Club Premier
- Air Canada ‒ Aeroplan®
- Cathay Pacific ‒ Asia Miles
- Avianca LifeMiles
- British Airways Executive Club
- Emirates Skywards
- Etihad Guest
- EVA Air Infinity MileageLands [1,000 miles to 750 miles]
- Finnair Plus
- Flying Blue
- Qantas Frequent Flyer
- Singapore Airlines KrisFlyer
- TAP Miles&Go
- Turkish Airlines Miles&Smiles
- Virgin Red
- Hotel Travel Partners
- ALL (Accor Live Limitless) [1,000 miles to 500 points]
- Choice Privileges®
- Wyndham Rewards
My Take
The Spark Cash Plus can be a fantastic pick for business owners that need one card for a majority of their spend. This $150 annual fee credit card has a spend limit that adapts to the cardholder’s needs based on spending behavior, payment history, and credit profile. The 2% cash back on everything makes this an extremely simple card if you want to focus on growing your business instead of maximizing cash back with spend across many different credit cards. The large welcome offer and annual fee refund for $150,000 spent in one year are great extra perks.
Other Capital One Business Card Alternatives
If you want to earn Capital One Miles instead of cash back, I’d recommend taking a look at the Capital One Spark Miles for Business ($0 intro annual fee for first year; then $95) or the Capital One Venture X Business ($395 annual fee)
Recommended Video
I don’t have any YouTube videos about this card yet, but here’s another video I made about my three favorite consumer credit cards from Capital One.
For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.
