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We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. SHARE: Peathegee Inc/Getty Images November 08, 2022 Checkmark Bankrate logo How is this page expert verified? At Bankrate, we take the accuracy of our content seriously. "Expert verified" means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity. The Review Board comprises a panel of financial experts whose objective is to ensure that our content is always objective and balanced. Their reviews hold us accountable for publishing high-quality and trustworthy content. Liz Bingler is an Associate Editor for CreditCards.com and Bankrate, where she focuses on product news and reviews. As an editor, her goal is to produce content that will help people to make informed financial decisions. Cathleen's stories on design, travel and business have appeared in dozens of publications including the Washington Post, Town & Country, Wall Street Journal, Marie Claire, Fodor’s Travel, Departures and The Writer. Bankrate logo

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Why you should get the Capital One Spark Cash Plus

Generous welcome bonus

The offers a two-tier welcome bonus, the first of which should be easily attainable for a wide variety of cardholders. You can earn up to a $1,000 cash bonus — $500 once you spend $5,000 in the first three months of holding the card, plus another $500 once you spend $50,000 in the first six months. This welcome bonus is one of the top selling points of this card, and it’s one of the most generous welcome bonuses currently offered for a business card. However, it may be harder for smaller businesses to earn the second tier of the bonus since it at least $50,000 in the first six months (or $8,333 per month). Additionally, if you spend at least $200,000 per year, you’ll be eligible to earn a $200 cash bonus each year. While this bonus may be unattainable for smaller businesses, it should be easier to achieve for larger businesses.

Unlimited flat cash back on all purchases

If you tend to spend in less common shopping categories or want to avoid the hassle of keeping track of like restaurants or gas, the Spark Cash Plus card offers a high cash back rate on all general spending: You’ll earn on all purchases. As a bonus, you’ll also earn 5 percent cash back on hotels and rental cars booked through Capital One Travel. There’s also no spending cap on rewards, a feature that is common on cards with higher earning rates. So, if you don’t want to worry about spending limits, and if you’re looking to earn easy, straightforward rewards on all of your spending, this card is a good alternative to consider. While this card does come with an , the unlimited 2 percent cash back on all purchases will cover the fee if you spend at least $7,500 per year. That should be an easy spending amount for businesses of any size to reach.

No preset spending limit

Because this is a charge card rather than a credit card, it’s best suited for business owners who have a positive cash flow and are fully confident they’ll be able to pay on time every month. A charge card may also be an attractive choice if you want to make sure you’re not going to accrue debt or face interest charges. However, keep in mind that the late fee for missing monthly payments is 2.99 percent. This fee will be applied to the unpaid portion of your minimum payment. But be mindful not to miss any payments, though. Doing so puts your .

Travel benefits

This card is an easy choice for business owners who travel infrequently for business but still want some travel-related perks. For instance, this card comes with no , making this card a great choice for traveling abroad. You’ll also get access to roadside assistance and .

Business perks

The Spark Cash Plus also comes with a number that can help streamline business operations and improve security, such as: Free employee cards Customized spending limits for employee cards and access to transaction history in real time Year-end, itemized summary reports to make budgeting and tax filing easier Quick access to purchase records, which can be downloaded into programs like QuickBooks and Excel Virtual card payments for safer online payments Payment flexibility, allowing you to choose a monthly due date that works best for you

How the Capital One Spark Cash Plus compares to other Capital One Spark cards

The Spark Cash Plus card is a part of the Capital One Spark card family. Here’s how some of the Spark cards compare to one another: Cards Welcome bonus Rewards rate Annual fee Capital One Spark Cash Plus Up to a $1,000 cash bonus — $500 once you spend $5,000 in the first 3 months after account opening and $500 once you spend $50,000 in the first 6 months 5% cash back on hotel stays and rental cars booked through Capital One Travel 2% cash back on all other purchases $150 Capital One Spark Cash Select – 0% Intro APR for 12 Months N/A 5% cash back on hotel stays and rental cars booked through Capital One Travel 1.5% cash back on all other purchases $0 Capital One Spark Cash Select – $500 Cash Bonus $500 bonus when you spend $4,500 within 3 months of account opening 5% cash back on hotel stays and rental cars booked through Capital One Travel 1.5% cash back on all other purchases $0 Capital One Spark Miles for Business 50,000 miles after spending $4,500 within 3 months of account opening 2X miles on all purchases $95 ($0 for the first year) Capital One Spark 1.5X Miles Select 20,000 miles after spending $3,000 within 3 months of account opening 5X miles on hotels and car rentals booked through Capital One Travel 1.5X miles on all other purchases $0 If you want a , the is a good option to consider. In addition to no annual fee, this card offers 1.5 percent cash back on all purchases and 5 percent cash back on hotel stays and rental cars booked through Capital One Travel. Though the cash back rate is lower than the Spark Cash Plus, it’s a better choice if you . It also has a 0 percent intro APR offer on purchases for the first 12 months (18.99 percent to 26.99 percent variable APR thereafter). Capital One also offers a variation of the Spark Cash Select called the . This option, as the name suggests, comes with a $500 cash bonus when you spend $4,500 within the first three months. However, there’s no introductory APR offer with this card and it comes with a 16.24 percent to 22.24 percent variable APR. For business owners who’d prefer to receive rewards in the form of , the * is another option to consider. You can earn 50,000 bonus miles when you spend $4,500 within the first three months of holding the card, and you’ll earn an unlimited 2X miles on all purchases. This card also has a 23.99 percent variable APR and a $95 annual fee ($0 the first year). It’s also worth noting that this card allows you to transfer miles to . Alternatively, Capital One offers a sister version of this card, the , which doesn’t charge an annual fee. You can earn 20,000 bonus miles once you spend $3,000 within the first three months. You’ll also receive a on purchases for the first nine months (then a variable APR of 16.99 percent to 26.99 percent). Though the rewards are smaller, this card is geared toward people who spend less. But you’ll still get one big perk that’s uncommon with no-annual-fee cards — the ability to transfer miles to travel partners.

The bottom line

The is an easy-to-use card for business owners. It offers flat cash back on all purchases, no preset spending limit and . For larger businesses, the spending bonuses should be easy to attain, too. However, before you choose a business card, make sure to take a look at other to make sure you choose the right card for your . *The information about the Capital One Spark Miles Select for Business has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer. SHARE: Liz Bingler is an Associate Editor for CreditCards.com and Bankrate, where she focuses on product news and reviews. As an editor, her goal is to produce content that will help people to make informed financial decisions. Cathleen's stories on design, travel and business have appeared in dozens of publications including the Washington Post, Town & Country, Wall Street Journal, Marie Claire, Fodor’s Travel, Departures and The Writer.