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

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 homeowners $2,000 in money bonuses for signing up and assembly a hefty minimal spending requirement.
  • Specifically, you may earn $500 in bonus money while you spend $5,000 in your card inside the first three months, adopted by one other $1,500 in bonus money while you spend $50,000 in the course of the first six months.
  • The Capital One Spark Cash enables you to redeem rewards to cowl any purchases you need.
  • You’ll additionally earn a vast 2% again with this card with out having to maintain observe of bonus incomes classes or incomes caps.
  • Read more private finance protection.

With so many profitable enterprise bank card affords on the market immediately, it may be tough to resolve which card to make use of for the majority of your corporation 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 assist you earn more factors on particular enterprise purchases.

The Capital One Spark Cash is a enterprise card you need to contemplate when you desire 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 may 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 corporation has few bills, however it might not be that tough when you can cowl operational prices, payroll, and more with plastic.

Should you join? Keep studying to learn the way the Spark Cash card’s new provide 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 is able to 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 may afford to pay again. 

Capital One Spark Cash particulars

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

Earning charge: Earn a vast 2% again for every greenback you spend

Annual price: $zero the primary yr; $95 thereafter

Foreign transaction charges: None

Fee for worker playing cards: None

Welcome bonus

The Capital One Spark Cash is at the moment providing essentially the most invaluable 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 would cost to your corporation bank card every month for six months straight. That’s lots of spending for some companies, however it might be completely possible for others.

Before you join this card, it’ll assist to determine how a lot your corporation spends on common. If you spend quite a bit 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 massive good thing about 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 affords a flat 1.5% again for every greenback you spend. The Capital One Spark Cash does cost a $95 annual price after the primary yr whereas the Ink Business Unlimited doesn’t, however the extra zero.5% of rewards can more than make up for it.

Using rewards

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

Having the choice to redeem for assertion credit makes issues straightforward. You might pay for airfare, accommodations, rental vehicles, and even vacation buying together 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 positive to not confuse the Capital One Spark Cash with the Capital One® Spark® Miles for Business. The Capital One Spark Miles affords the identical 2% in rewards for all of your spending, however within the type of miles which you could select to switch to a handful of airline companions.

Benefits

The Capital One Spark Cash affords a shocking variety of advantages for cardholders, and all of it begins with the very fact you get free worker playing cards. If you will have workers who continuously make enterprise purchases, getting every of them an worker card will help you earn rewards and attain the edge for this card’s bonus quite a bit sooner.

Other cardholder advantages embrace no overseas transaction charges on purchases made overseas, buy safety in opposition to harm or theft for choose gadgets, and prolonged warranties. You additionally get auto rental harm waiver protection while you use your bank card to pay for a rental automobile.

Finally, Capital One will ship you a year-end abstract that breaks down your corporation spending by class. This abstract will help you assess your corporation bills and money movement 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 you must preserve the excessive minimal spending requirement in thoughts. The actuality is that many small companies should 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, you need 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 may see, the Capital One Spark Cash blows different comparable enterprise playing cards out of the water the primary yr. Keep in thoughts, nevertheless, that you will 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 relatively 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 enables you to earn 2x miles on every little thing you purchase, and you may 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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