Capital One Spark Cash review: Card sign-up bonus, perks, and more


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The Points Guy


  • For a restricted time, the Capital One® Spark® Cash for Business is providing enterprise house owners $2,000 in money bonuses for signing up and assembly a hefty minimal spending requirement.
  • Specifically, you may earn $500 in bonus money if you spend $5,000 in your card inside the first three months, adopted by one other $1,500 in bonus money if you spend $50,000 throughout the first six months.
  • The Capital One Spark Cash helps you to redeem rewards to cowl any purchases you need.
  • You’ll additionally earn an infinite 2% again with this card with out having to maintain monitor of bonus incomes classes or incomes caps.
  • Read more private finance protection.

With so many profitable enterprise bank card presents on the market at present, it may be troublesome to determine which card to make use of for the majority of your enterprise spending. Not solely will you discover enterprise playing cards with large sign-up bonuses, however you may additionally discover ones with beneficiant fixed-rate rewards or tiered incomes charges that may aid you earn more factors on particular enterprise purchases.

The Capital One Spark Cash is a enterprise card it is best to contemplate when you choose to earn a set charge of rewards (versus incomes bonus rewards on sure spending classes) and have some flexibility in the way you redeem your factors.

Currently, you possibly can even earn $2,000 in bonus money with this card when you can spend a minimum of $50,000 inside six months of account opening. That’s a excessive threshold to fulfill if your enterprise has few bills, however it is probably not that troublesome when you can cowl operational prices, payroll, and more with plastic.

Should you join? Keep studying to find out how the Spark Cash card’s new supply works and the way it compares to different enterprise bank cards.

Keep in thoughts that we’re specializing in the rewards and perks that make these bank cards nice choices, not issues like rates of interest and late charges, which can far outweigh the worth of any factors or miles. It’s necessary to follow monetary self-discipline when utilizing bank cards by paying your balances in full every month, making funds on time, and solely spending what you possibly can afford to pay again. 

Capital One Spark Cash particulars

Sign-up bonus: Earn $500 in bonus money if you spend $5,000 inside three months; earn one other $1,500 in bonus money if you spend $50,000 in your card inside six months of account opening

Earning charge: Earn an infinite 2% again for every greenback you spend

Annual charge: $zero the primary 12 months; $95 thereafter

Foreign transaction charges: None

Fee for worker playing cards: None

Welcome bonus

The Capital One Spark Cash is at present providing essentially the most useful sign-up bonus amongst enterprise bank cards that earn money again. The catch for this bonus is clear, nevertheless. To earn the complete bonus ($2,000 in bonus money), you may have to spend $5,000 inside three months and $50,000 inside six months of account opening.

This means you would wish to have a minimum of $eight,334 in enterprise bills you can cost to your enterprise bank card every month for six months straight. That’s numerous spending for some companies, however it might be completely possible for others.

Before you join this card, it should assist to determine how a lot your enterprise spends on common. If you spend rather a lot lower than $eight,334 per thirty days on enterprise bills, pursuing the bonus on this card could also be a misplaced trigger.

Flat incomes charge

One large advantage of this card is the very fact you earn a flat 2% again for every greenback you spend. The rewards you earn are limitless as nicely, so you may by no means have to fret about incomes caps.

This places the Capital One Spark Cash forward of different flat-rate enterprise playing cards just like the Ink Business Unlimited Credit Card, which presents a flat 1.5% again for every greenback you spend. The Capital One Spark Cash does cost a $95 annual charge after the primary 12 months whereas the Ink Business Unlimited doesn’t, however the further zero.5% of rewards can more than make up for it.

Using rewards

The Capital One Spark Cash helps you to earn a flat 2% money again for every greenback you spend. From there, you possibly can redeem for assertion credit to cowl any purchases you need.

Having the choice to redeem for assertion credit makes issues straightforward. You may pay for airfare, motels, rental automobiles, and even vacation buying along with your bank card then use factors to cowl the purchases at a charge of 1 cent every. This means the sign-up bonus on this card is value $2,000 in something you need.

Note: Be certain to not confuse the Capital One Spark Cash with the Capital One® Spark® Miles for Business. The Capital One Spark Miles presents the identical 2% in rewards for all of your spending, however within the type of miles that you would be able to select to switch to a handful of airline companions.

Benefits

The Capital One Spark Cash presents a stunning variety of advantages for cardholders, and all of it begins with the very fact you get free worker playing cards. If you’ve workers who incessantly make enterprise purchases, getting every of them an worker card may also help you earn rewards and attain the brink for this card’s bonus rather a lot sooner.

Other cardholder advantages embody no overseas transaction charges on purchases made overseas, buy safety in opposition to injury or theft for choose objects, and prolonged warranties. You additionally get auto rental injury waiver protection if you use your bank card to pay for a rental automotive.

Finally, Capital One will ship you a year-end abstract that breaks down your enterprise spending by class. This abstract may also help you assess your enterprise bills and money circulate and, better of all, it is free.

How does the Capital One Spark Cash evaluate to different playing cards?

This card’s present sign-up bonus is extremely intriguing, however it’s important to preserve the excessive minimal spending requirement in thoughts. The actuality is that many small companies would not have $50,000 in bills they will cost to a bank card inside six months.

If you do have that a lot enterprise spending, nevertheless, it is best to nonetheless contemplate how that spending would translate into rewards with different playing cards.

The following chart breaks down a number of comparable enterprise playing cards and how they work:

Capital One Spark Cash compare


Alyssa Powell/Business Insider


As you possibly can see, the Capital One Spark Cash blows different comparable enterprise playing cards out of the water the primary 12 months. Keep in thoughts, nevertheless, that you’re going to have to spend $50,000 inside your first six months from opening the cardboard to get the complete worth.

Also do not forget that the rewards you earn with this card are quite restricted. If you need to journey, you could need to contemplate the Capital One Spark Miles for Business card because it’s providing the identical epic sign-up bonus proper now, however within the type of miles, not money again. The Capital One Spark Miles additionally helps you to earn 2x miles on the whole lot you purchase, and you possibly can redeem rewards to cowl any journey bills or switch to a handful of airline companions.

Click right here to study more concerning the Capital One Spark Cash.



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