At a glance
- Best for: High-spending business owners who want cash-back
- Annual Fee: $150
- APR: N/A
- Reward Rate: 2%-5%
- Recommended Credit: 740-850
Capital One Spark Cash Plus
Earn $2,000 cash back
Offer Details:
$2,000 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
Why we like it
This card is all about earning, no frills. It follows a similar pattern to other Capital One products, offering an unlimited flat-rate earning of 2% cash back on all purchases. It’s also worth noting that if you own a miles-earning Capital One product, like the Capital One Venture X Credit Card, you can convert your cashback to miles.
Reward details
2% cash back on every purchase
5% cash back on hotels and rental cars booked through Capital One’s travel booking site
Pros & Cons
Pros
-
High bonus offer
-
No frills, solid earning
Cons
-
Perks are catered towards high-spenders
-
It is a charge card (some may view this as pro!)
Terms Apply
Overview
Business cards are a vital financial tool for everyone from first-time entrepreneurs to fully-fledged business veterans. They gift your venture a bit of security and the ability to spend a little ahead of your anticipated cash flow. And, of course, they can grant you some well-earned perks in the form of cashback, points, or both.
One option, the Capital One Spark Cash Plus, is a solid card that takes a deliberately narrow approach to rewards. As with many other Capital One products, there are no rotating categories, complicated points systems, or aspirational travel perks. Instead, it’s designed to reward business owners who want one thing: a predictable return on spending, no matter where they buy, what they’re purchasing, and why they’re doing it.
That focus makes the Spark Cash Plus a refreshingly straightforward choice in a market crowded with over-engineered cards, bursting at the seams with complex perks and rewards. Better yet, if you’re a points-focused spender, you can still make use of the cashback offered here. Just read on to find out more.
Who is the Capital One Spark Cash Plus best for:
This card is built for businesses with serious, consistent spending. Rather than leaning on flashy perks or complex bonus categories, it takes a deliberately simple approach: flat-rate cash back on everything. High-volume set-ups will thrive here, earning more than arguably any other card could, while smaller or more cash-flow-sensitive businesses may want something more flexible with lower thresholds.
The Bottom Line:
The Spark Cash Plus is a no-nonsense business card that rewards scale. Its headline bonus and unlimited 2% cash back can generate enormous value for companies running large expenses, especially when paired with other Capital One products. But as a charge card with high spending expectations, it’s not a casual option, and businesses without heavy outgoings or predictable cash flow will be better served elsewhere.
Intro Bonus
The welcome offer on the Spark Cash Plus immediately signals who this card is meant for. New cardholders can earn $2,000 in cashback — a pretty insane return. But only after meeting the intimidatingly high spending threshold of $30,000 within three months. This isn’t a casual bonus you’ll stumble into through everyday expenses unless your business already runs meaningful costs through a card. If you’re a smaller business with far fewer outgoings, opt for a card with a more approachable bonus.
Ah, but there’s more…
In addition to the initial bonus, the Spark Cash Plus offers $2,000 more in cashback for every $500,000 spent in the first year of card ownership. Again, that’s a large chunk of change and definitely not everyone. But for businesses that process large invoices, advertising budgets, or operational costs, this structure can add up quickly and make the first year an exceptionally lucrative one for cashback.
Pros & Cons
As always, no card is perfect, and the Spark Cash Plus might be one of the most polarizing out there
Pros
- Unlimited 2% cash back on all purchases
- Massive introductory bonus for high-spend businesses
- Annual fee refunded with $150,000+ in yearly spending
- No preset spending limit
- Strong expense tracking and employee card tools
- Ability to convert cash back to miles with other Capital One cards
- No foreign transaction fees
Cons
- Very high spending requirements to unlock full value
- A charge card requires balances to be paid in full each month
- Few traditional “perks” or travel benefits
- Smaller businesses may find better value elsewhere
Benefits & Perks
Beyond cash back, the Spark Cash Plus includes a solid set of supporting features aimed at everyday business use. There’s not much in the way of true perks, as such, but cardholders can issue free employee cards and set spending limits, making it easier to manage team expenses without opening additional accounts.
There are also a ton of expense tracking tools and year-end summaries, which can simplify bookkeeping and tax prep, while purchase protection and extended warranty coverage add a layer of security for larger purchases. There are also no foreign transaction fees, which helps make the card usable for international suppliers or overseas travel.
As we said, they’re not spectacular, but this is a card built to be a solid business tool, not a glamorous wallet addition.
Fees
The Spark Cash Plus carries a $150 annual fee, but Capital One refunds that fee each year you spend $150,000 or more on the card. If you’ve already been salivating at the volume of cashback you’ll likely earn, that $150 is almost certainly going to be refunded for you.
One important distinction to make is that the Spark Cash Plus is a charge card, not a traditional credit card. There’s no preset spending limit, and balances must be paid in full each month. There’s no option to carry a balance or finance expenses over time, so you need to be on top of your finances. If your business relies on rolling balances or short-term financing, it’s a serious limitation and something to consider, even if you spend a lot.
Earning rewards & redeeming points
Earning rewards
Earning on the Spark Cash Plus is as simple as it gets. Sticking with Capital One’s tried and true formula of flat-rate earning schemes, the card offers unlimited 2% cash back on all purchases, with no categories, caps, or exclusions. Every dollar you spend earns the same return, whether it’s office supplies, inventory, advertising, software subscriptions, or travel. To put that into perspective, if your business outgoings are $500,000 in the first year, you’ll have $14,000 of cashback waiting in your account at the end of the year.
Some people are put off by flat-rate earnings. They don’t look as sexy as 4x points per dollar or 3% cashback on specific categories, like travel or restaurants. But it’s easy to forget how much spending falls through the cracks, languishing in the pitiful depths of 1x point per dollar or 1% cashback. A flat rate of 2% can quickly make up the difference or operate as a sweeper for everything else.
Again, you’ll know if this card is a good fit for your spending. But if you have a heavy budget, your eyes are probably rolling to dollar signs right now.
Redeeming
Redeeming, for the most part, is simple. You can enjoy your cashback in the form of statement credits (which can offset business expenses), a check (which you can enjoy for anything you like), or gift cards (please, for the love of God, don’t do this). If you’re the clientele this card is designed for, you’re gonna have a lot of cashback waiting for you.
But…
There is another way…
If you own a miles-earning product from Capital One, like the Capital One Venture X Rewards Credit Card, you can combine your rewards and convert the cashback to miles. Now, why would you want to switch cold, hard cash to miles? Because every cent in cashback can be worth anywhere from 1.5 cents to 10 cents when it’s in miles form. Redeeming miles for flights and hotel stays can get you serious value. If you have this option available to you and have an eye on travel rewards, this is the route to go. Check out this article highlighting the best way to use a ton of Capital One Venture Miles to see how far your earnings can take you.
Is this card right for you?
The Capital One Spark Cash Plus is a hyper-focused product that knows exactly who it’s for. It’s best suited to businesses with high, consistent spending, strong cash flow, and a preference for simple, predictable cash back over points or travel perks.
If your business fits that profile, the Spark Cash Plus can generate significant value with very little effort. It’s the ultimate hands-off earner with some insanely generous first-year benefits. It’s especially valuable if you already have a miles-earning Capital One product, which allows you to combine rewards and redeem that cashback at far better rates.
Smaller businesses, however, will be better suited with a more approachable card.
- Best for: High-spending business owners who want cash-back
- Annual Fee: $150
- APR: N/A
- Reward Rate: 2%-5%
- Recommended Credit: 740-850
Capital One Spark Cash Plus
Earn $2,000 cash back
Offer Details:
$2,000 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
Why we like it
This card is all about earning, no frills. It follows a similar pattern to other Capital One products, offering an unlimited flat-rate earning of 2% cash back on all purchases. It’s also worth noting that if you own a miles-earning Capital One product, like the Capital One Venture X Credit Card, you can convert your cashback to miles.
Reward details
2% cash back on every purchase
5% cash back on hotels and rental cars booked through Capital One’s travel booking site
Pros & Cons
Pros
-
High bonus offer
-
No frills, solid earning
Cons
-
Perks are catered towards high-spenders
-
It is a charge card (some may view this as pro!)
by your friends at The Daily Navigator
