Capital One Spark Cash Plus Review

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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.


Capital One Spark Cash Plus
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  • Earn $1,200 cash back once you spend $30,000 in the first 3 months
  • Earn unlimited 2% cash back on every purchase, everywhere- with no limits or category restrictions
  • Comes with no preset spending limit, so it can adapt to your needs based on your spending behavior, payment history and credit profile
  • Earn an annual $200 cash bonus every year you spend $200,000 or more
  • Add employee cards for free, and earn unlimited 2% cash back from their purchases
  • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
  • $150 annual fee
  • Spark Cash Plus has no APR because your balance is due in full every month

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.

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