Update 2/20/24: Sites with affiliate links are reporting this will end on March 11, 2024.
The Offer
- Capital One is offering a signup bonus of up to $3,000 signup bonus on their business Spark Cash Plus card, as follows:
- $1,500 once you spend $20,000 in the first 3 months.
- An additional $1,500 once you spend $100,000 in the first 6 months.
Card Details
- $150 annual fee not waived
- Card earns 2% cash back on all purchases
- Earn an annual $200 cash bonus every year you spend $200,000 or more
- 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
Both of these tiers might make sense for someone with a lot of unbonused spend. The lower tier is a really nice deal for cashback – you’ll get 9.5% cashback on $20,000 in spend. This is better than prior offers we’ve seen. Personally I can’t do the $100k tier, but I’m going to try getting approved and doing the $20k spend tier. (In the past I haven’t had great luck getting approved with Capital One. 🙁 )
Another option is a newly launched similar bonus on the Venture X Business card.
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
Updated as Expired
Why does CapitalOne site not say if card is visa or mastercard.
Can anyone confirm if any CapitalOne biz cards are mastercard?
It’s MC.
Folks, would you share any data points on how much credit limit from signing up this Capital One Spark Cash Plus card, based on how much revenue put in the application form? I would like to be approved for 5-figure credit limit so I can reach the $20K spending requirement within a month. Thanks!
Why not be truthful? If you’re not approved for a high enough limit then charge, pay off, and charge again. You should easily be able to meet the $20,000 in a month.
Terrible return on spend
Hi Chuck, Post a warning that Capital One Bus Cards add to 5/24
This isn’t true for all C1 biz cards. I believe its only the spark miles. Not this spark cash or VX biz
Hi tom, do you know why it only applies to spark miles and not spark cash or VX biz?
Not sure why I bothered applying… declined as usual.
(funny part is that I already hold this card)
i have a Spark Cash Select that I see in my report, but I’ve made it close in 0s…are you saying if I carry a balance it won’t show up in the report? I do have a 0% apr
3K for 100K is actually $1.5K for $80K or an additional 1.875% (3.875% total). Pretty bad unless you really can’t get any other business cards
For me personally I agree. No way this deal is worth it especially for anyone who is under 5/24. (Eligible for Ink cards.)
However I could see this as a legit decent offer for a moderate sized business that just wants a little extra Cash back without much hassle. I’m not a Capital One fan, but props for making an offer that weeds out most churners.
yeah thats why he said only the lower tier is worth it in the post
It’s only worth it to pay a huge tax bill (which I will be doing). Because otherwise, you lose money, but in this case, you will get some profit with the 2% cashback.
Are you sure it will count toward the bonus? Some of the Amex business cards give you the cash back but it doesn’t count toward the spend.
Amex (and Capital One) tax payments should count toward spend requirement https://www.doctorofcredit.com/chase-promotes-paying-taxes-with-a-credit-card/
I called Amex and talked to 2 different people and one of them wasn’t a script reader and could actually answer questions. Both said the Blue Business Cash and Blue Business Plus didn’t count tax payments toward the spending requirement. Those were the only two I was looking at. Thanks for your quick reply.
Or if you are a medium sized business with 1 million spend a year.
The app has a glitch — it says I lost my connectivity to the internet for past two days now when I reach the final page before submission.
Are you able to hold both the Spark Cash and Spark Cash Plus? I have the Spark Cash but applied for Venture X business and was turned down so I’m not sure if there’s a rule where you have to pick one.