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The Capital One Spark Cash Plus is a new small business card from Capital One. It has some unique features that make it worth reviewing.
The Spark Cash Plus does not waive the annual fee for military. None of the major credit card issuers waive annual fees on business cards for military servicemembers any more after they all implemented Military Lending Act benefits in January 2020.
Learn more about the Capital One fee waiver, American Express military fee waiver, Chase military fee waiver, and Citi military fee waiver.
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Capital One Spark Cash Plus
Learn how to apply at our partner's secure site
- Earn $2,000 a one-time cash bonus 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.
- Earn unlimited 2% cash back on every purchase, everywhere- with no limits or category restrictions
- Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel
- The Spark Cash Plus card has no preset spending limit, so it can adapt to your needs based on your spending behavior, payment history, credit profile and other factors
- Earn rewards from your team's transactions with free employee and virtual cards. You can also automatically sync your transaction data with your accounting software and pay your vendors with ease
- Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
- $150 annual fee- Spend $150,000 annually and Capital One will refund this fee every year
- Spark Cash Plus has no APR because your balance is due in full every month
In this post:
Spark Cash Plus Welcome Offer
The Spark Cash Plus is currently offering a massive welcome offer. But that offer comes with a significant required minimum spend.
Capital One Spark Cash Plus Credit Limit
Technically this is not a credit card and has no APR because the Spark Cash Plus card balance is due in full at the end of every month. This similar to an American Express charge card like The Platinum Card® from American Express.
Apply for Capital One Spark Cash Plus Card
I applied for the Spark Cash Plus business card just a few months after I was approved for the Capital One Venture X Rewards credit card. I was afraid that since I had recently been approved for another Capital One card I would not be eligible for this card.
Luckily, this was not true! I was instantly approved for the Spark Cash Plus card.
Best Capital One Business Card?
If you are a small business owner with a lot of taxes to pay or a lot of purchases coming up, the high minimum spend required to earn the welcome bonus on this card may be worth it.