The Capital One Spark Cash Plus card offers a simple, straightforward rewards structure that's ideal for businesses with high spending. For a $150 annual fee, cardholders earn 2% cash back on every purchase, making it a great option for business owners who value simplicity.
Regardless of whether you're buying office supplies or taking clients out to dinner, you'll earn the same rewards rate every time you use the Spark Cash Plus card. This means you don't have to worry about category restrictions or bonus rewards – you'll earn 2% cash back on every purchase, every time.
The Spark Cash Plus is a business charge card, which means it has no preset spending limit. However, you'll need to pay your balance in full each month, or you can choose to pay over time with interest through Capital One's Pay Over Time feature. The card also charges no foreign transaction fees and lets you add employee cards at no additional cost.
One of the standout features of the Spark Cash Plus is its lack of a preset spending limit, which can be especially helpful if your business has large purchases or expenses that fluctuate throughout the year. Additionally, eligible purchases made with the Spark Cash Plus receive an extended warranty beyond the original manufacturer's warranty, providing a little extra protection on business purchases.
The biggest draw of the Spark Cash Plus is its flat earning rate. You'll earn an unlimited 2% cash back every time you swipe – with no limits or category restrictions. This is especially valuable if your business has expenses across a wide range of categories.
The cash back you earn can be redeemed in several ways, including as a statement credit, for a check, or for gift cards. You can also use your rewards to cover eligible purchases or when checking out with Amazon or PayPal. Additionally, if you also carry a Capital One miles-earning card, such as the Capital One Venture X Business, you can convert your cash-back rewards into Capital One miles.
While the Spark Cash Plus is a strong option for businesses with high spending that want a simple rewards structure, it may not be the best fit for every business. If your business doesn't spend enough to justify its $150 annual fee, you may be better off with a no-annual-fee business card. Additionally, if you're looking for premium travel perks or elevated rewards in specific spending categories, other business cards offer more value.
The Spark Cash Plus is best suited for businesses that can pay their balance in full each month. If your business frequently carries a balance from month to month, a traditional business credit card may offer more flexibility. Ultimately, whether the Spark Cash Plus is worth it depends on several factors, including the type of rewards you want to earn and your monthly business expenses.
New Spark Cash Plus cardholders can earn a welcome bonus of $2,000 cash back and a $500 Capital One Business Travel credit after spending $30,000 on purchases in the first three months from account opening. Additionally, you can earn an additional $2,000 cash bonus for every $500,000 spent during the first year.
Other business cards worth considering include the Ink Business Cash Credit Card, which has no annual fee and earns 5% cash back on the first $25,000 spent in combined purchases each account anniversary at office supply stores and on internet, cable and phone services. Alternatively, the American Express Blue Business Cash Card is a no-annual-fee card that offers a 2% rewards rate on up to the first $50,000 in eligible purchases each calendar year.
The Spark Cash Plus is a great option for businesses with high spending that want a simple rewards structure. However, it's essential to weigh the benefits and drawbacks before deciding if it's the right fit for your business.
