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The Capital One Spark Cash Plus just launched an incredible welcome offer worth up to $2,000 in cash back. And massive spenders can boost their cash-back rewards even more with every $500,000 spent during their first year of holding the card.
- Earn a one-time cash bonus of $2,000 once you spend $30,000 in the first 3 months
- Earn an additional $2,000 cash bonus for every $500K spent during the first year. You can earn this bonus multiple times over the course of year 1!
- Earn unlimited 2% cash back on every purchase, everywhere-with no limits or category restrictions
- 2% Cash Back on every purchase. 5% Cash Back on hotels and rental cars booked through Capital One's travel booking site.
It’s been a while since we saw a bonus of this magnitude. Just like those previous Capital One business card offers, this one requires some significant spending to maximize.
But if you can meet the spending targets, this is a rare opportunity for a massive welcome bonus that every business owner should seriously consider.
Spark Cash Plus Welcome Offer
- Earn $2,000 once you spend $30,000 in the first three months from account opening.
- Earn an additional $2,000 cash bonus for every $500,000 spent during the first year — with no caps or limits.
Without a doubt, the $30,000 spending requirement over three months is a big commitment. Reaching a $500,000 spending threshold is an even bigger one. If your business has only modest monthly expenses that you can charge on a new card, this offer won't be a good fit. But for businesses with significant monthly spending, this is an incredibly good offer.
If this bonus is out of reach, we've included our top small-business card picks with more achievable spending requirements at the end of this post.
The Spark Cash Plus Card at a Glance
Here are the key things to know about this card:
- Earn unlimited 2% cash back on every purchase. There are no category restrictions and no caps on the cash back you can earn.
- Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel.
- No APR. Since this is a charge card, you will be required to pay your balance in full each month.
- $150 annual fee. Get it refunded every year you spend at least $150,000 on your card.
Simple Rewards on the Spark Cash Plus (With a Huge Upside)
If you like to keep things simple, the unlimited 2% cash-back earning structure of this card is a perfect fit. You won't have to worry about using a specific card for shipping and a different card at restaurants or office supply stores just to maximize your everyday earnings. With a highly competitive, flat earning rate on purchases in all categories, you can focus on growing your business — knowing that you're getting the maximum cash back every time you swipe your Spark Cash Plus.
But there is also a massive opportunity to redeem those rewards for more than face value if you already have a card that earns Capital One miles, such as Capital One Spark Miles for Business or Capital One Venture X Business.
That's because Capital One allows you to convert rewards from the Spark Cash Plus to Capital One miles that can be transferred to 19 airline and hotel partners. This feature doesn't get nearly the attention it deserves. Transfer partners can deliver significantly more travel savings than cash-back redemptions. In recent redemptions, AwardWallet users average a whopping 2.01¢ per point in value from redeeming points this way.
Capital One Application Rules
You can only apply for one Capital One card every six months. This includes personal and business cards. If you try to apply for another card within six months, your application will automatically be rejected.
If you're excited about the idea of getting cards that earn both miles and cash back, the best strategy would be to keep your Spark Cash Plus bonus safe and sound in your Capital One account. Once you've waited six months from your last Capital One application, you can apply for a miles-earning card to unlock access to transfer partners.
Related: Understanding Rewards Credit Card Application Rules and Restrictions
Great Business Cards With a Lower Spending Requirement
For many small businesses, $30,000 in spending over just three months may not be practical — and meeting bonus thresholds every $500,000 is might not be in the cards. Here are a few of our favorite cards with offers that are easier to maximize.
- Earn 90k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $900 cash back or $1,125 toward travel when redeemed through Chase Travel℠
- Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
- Round-the-clock monitoring for unusual credit card purchases
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
- Points are worth 25% more when you redeem for travel through Chase Travel℠
- Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
- Member FDIC
- Rates & Fees
- 3X points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year
- 1X point per $1 on all other purchases
An alternative with a much more affordable minimum spend is the Ink Business Preferred® Credit Card. This card offers 90,000 bonus points and charges a $95 annual fee. This isn't the best offer we've ever seen on the card, but 90,000 Ultimate Rewards points delivers solid value, and you can earn them after you spend $8,000 on purchases in the first 3 months from account opening.
- Limited Time Travel Offer: Earn 150,000 Membership Rewards® points after you spend $20,000 on eligible purchases on your Business Platinum Card® within the first 3 months of Card Membership. Plus, earn a $500 statement credit after you spend $2,500 on qualifying flights booked directly with airlines or through American Express Travel with your Business Platinum Card® within the first 3 months of Card Membership. You can earn one or both of these offers. Offer ends 6/30/25.
- The American Express Global Lounge Collection® can provide an escape at the airport. With complimentary access to more than 1,400 airport lounges across 140 countries and counting, you have more airport lounge options than any other credit card issuer on the market as of 10/2024.
- Unlock over $1,000 in statement credits on select purchases, including tech, recruiting and wireless in the first year of membership with the Business Platinum Card®. Enrollment required.
- Fly like a pro with a $200 Airline Fee Credit. Select one qualifying airline to receive up to $200 back per year on baggage fees and other incidentals.
- NEW! Make the Business Platinum Card® work even harder for you. Hilton For Business members get up to $200 back per calendar year when you make an eligible purchase at Hilton properties across the globe. Benefit enrollment required.
- Earn 5X Membership Rewards® points for flights, prepaid hotels, and short-term rentals and prepaid flight + hotel packages booked at AmexTravel.com. 1X points on other eligible purchases.
- Earn 1.5X points (that's an extra half point per dollar) on each eligible purchase at US construction material, hardware suppliers, electronic goods retailers, and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more, on up to $2 million per Card Account per calendar year. Purchases eligible for multiple additional point bonuses will only receive the highest eligible bonus.
- $199 CLEAR® Plus Credit: Use your card and get up to $199 in statement credits per calendar year on your CLEAR® Plus Membership (subject to auto-renewal) when you use the Business Platinum Card®.
- $695 Annual Fee.
- Terms Apply.
- Rates & Fees
- Earn 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com.
- Earn 1.5X Membership Rewards® points on each eligible purchase of $5,000 or more.
- Earn 1.5X Membership Rewards® points on each eligible purchase with U.S. construction material and hardware suppliers.
- Earn 1.5X Membership Rewards® points on each eligible purchase with U.S. electronic goods retailers and software & cloud system providers.
- Earn 1.5X Membership Rewards® points on each eligible purchase with U.S. shipping providers.
- 1.5X earning rates are subject to a cap of $2 million in purchases per calendar year.
The Business Platinum Card® from American Express is a great choice if you are looking for a business card with a fantastic welcome offer. For just a fraction of the minimum spend requirement of the Spark Cash Plus card, you can earn 150,000 Membership Rewards. Additionally, if you are a big spender, you can earn 1.5 Membership Rewards per dollar spent on select business categories and on purchases over $5,000. (On up to $2 million of these purchases per calendar year).
Related: The Best Small Business Credit Card Offers This Month
Final Thoughts
This Spark Cash Plus welcome offer is a phenomenal deal if you can manage the spending requirement. The last time we saw a massive bonus like this was in early 2024, and there is no telling whether we'll see another one like it any time soon. If you're looking for simple rewards that let you keep your attention on your business, the unlimited 2% cash back on the Spark Cash Plus is a great choice.
And if you love to maximize every reward you earn, the ability to convert this card's cash back into transferrable miles leaves the door open for some incredible value. No matter how you plan to use your rewards, this welcome offer is a great opportunity to maximize your return on small-business spending. But don't wait.
- Earn a one-time cash bonus of $2,000 once you spend $30,000 in the first 3 months
- Earn an additional $2,000 cash bonus for every $500K spent during the first year. You can earn this bonus multiple times over the course of year 1!
- Earn unlimited 2% cash back on every purchase, everywhere-with no limits or category restrictions
- 2% Cash Back on every purchase. 5% Cash Back on hotels and rental cars booked through Capital One's travel booking site.
For rates and fees of the cards mentioned in this post, please visit the following links: Ink Business Preferred® Credit Card (Rates & Fees), and The Business Platinum Card® from American Express (Rates & Fees)
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