The Offer
- Capital One is offering a signup bonus on their business Spark Cash Plus card: Get $2,000 once you spend $30,000 in the first 3 months.
Also earn an additional $2,000 bonus for every $500,000 spent in the first year with no limit.
Card Details
- $150 annual fee not waived
- Card earns 2% cash back on all purchases
- Get your $150 annual fee refunded every year you spend at least $150,000
- Card earns cashback; if you have a different points-earning Capital One card (such as the Venture or Spark Miles), you’ll be able to transfer over the cash back into miles which could be more valuable
Our Verdict
I signed up earlier this year for the $1,500/$20,000 offer. This offer gives $2,000/$30,000 and most people will likely consider it a better offer. Useful for those with a lot of upcoming spend. Another option is a similar bonus on the Venture X Business card.
The added $2,000/$500,000 might also be interesting for those with huge amounts of spend – this can basically turn the card into a 2.4% card (instead of the regular 2%).
Remember, Capital One pulls all 3 credit bureaus. Unlike most Capital One business cards, Spark Cash cards do not report the statement balances to the personal bureaus; see these Things to Know About Capital One Credit Cards before applying. We’ll add this to our List of Best Credit Card Signup Bonuses.
Related: My Business Credit Card Approvals With Capital One & Chase
Is Capital one Spark Cash new? I don’t see posts about it.
Earn unlimited 2% cash back on every purchase. Plus, earn a $750 cash bonus when you spend $7,500 in the first 3 months.
https://www.capitalone.com/small-business/credit-cards/spark-cash/?marketingChannel=UNS
Does anyone know, can I get the sign up bonus if I have had this card before, received the bonus and cancelled it?
Can anyone please confirm if Spark Cash Plus shows up on personal credit report? I read all of the comments here but so far, it looks like it doesn’t but I don’t see clear DP or information to risk one 5/24 spot. Thank you all Churners!
Rejection DP: 3/24 (and 1/30), new sole prop ($40k revenue this year), no business checking accounts (which was one reason they cited), about 4/6 on HPs. TU and EQ FICO are both ~800 (left EX frozen, which they didn’t mention as a reason for rejection).
Does CapOne allow app-o-rama? Can I apply for this card and a personal card on the same day to combine HP?
Will an annal soleo-proprieter business income of 30k be enough to get get approved? Or are they looking for legit businesses? My side-hustle comes from ebay and rental property income . It’s not much but was enough to get me approved for biz cards a decade or two ago. I think now they are much more strict. So haven’t tried.
I do sole proprietor all the same, no issues.
Did anyone get approved? Does the 4/24 rule also apply to this card?
https://www.doctorofcredit.com/expired-capital-one-venture-x-business-card-150000-signup-bonus-30000-spend-required/#comment-1892954
I have the Spark Cash Select biz card and it does report balances to the bureaus
umm can anyone else provide data points? it’s a big deal if it affects 5/24 rule
Sucks that they only let you spend about $5,000 the first month…
Why would they care if you spend only 5k the first month? I would think they want you to spend as much as possible. I’ve had bad experiences with Capital One and haven’t had their cards in years but this offer is good enough I’m thinking about changing.