Current Offers for Capital One Spark Business Cards

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Given the recent publicity around the last Capital One Spark Cash Plus welcome offer, you may be curious what the welcome offers are on other Capital One Spark business cards. That's especially true if you're looking for a card that doesn't require so much spending to earn a bonus.

Let's dive into the current welcome offers on the Spark Cards from Capital One, and see which card best suits your budget and business expenses.

Capital One Spark Cash Plus

Capital One Spark Cash Plus
Capital One Spark Cash Plus
Annual Fee$150
Welcome Bonus Earn up to a $1,000 cash bonus; $500 once you spend $5,000 in the first 3 months, and $500 once you spend $50,000 in the first 6 months of account opening
  • 2% Cash Back on every purchase and 5% Cash Back on hotels and rental cars booked through Capital One Travel

The current welcome offer is for $500 once you spend $5,000 in the first 3 months, and $500 once you spend $50,000 in the first 6 months of account opening. The annual fee is $150.

Strengths: Excellent Welcome Offer, No Categories / Caps

Remember that the Spark Cash Plus offers 2% cash back on all purchases — no limits or restrictions, plus you'll earn 5% cash back on hotels and rental cars booked through Capital One Travel. After spending the required $50,000 for the welcome offer, you would earn another $1,000 minimum cash back on the spending (2% of $50,000). Add that to the $1,000 you could earn from the welcome offer and you get $2,000 back from spending $50,000. That's a 4% return.

Weaknesses: High Spending Requirement, No Earning Bonuses

While the simplicity of the earning structure could be a strength of the Spark Cash Plus, it's also the card's weakness when you remember that other cards may offer a higher return for some of your spending. What you get in simplicity is a trade-off against the ability to maybe earn at better rates “some places” with other cards.

And then there's the issue of the huge spend required for the welcome offer. While the bonus is one of the best available for a cashback card, not every small business owner can put $50,000 of spending on a credit card in 6 months. Thus, the card may not be attractive to these businesses.

Who is This Card For?

This card is for businesses that spend a lot and don't want to fool with activating bonus categories or anything complex. This card is for business owners who just want to earn 2% on every purchase automatically and want to get a big welcome offer from big spending.

Capital One Capital One Spark Cash Select - $500 Cash Bonus

Capital One Spark Cash Select - $500 Cash Bonus
Capital One Spark Cash Select - $500 Cash Bonus
Annual Fee$0
Welcome Offer Earn $500 Cash Back once you spend $4,500 on purchases within the first 3 months from account opening
A no-nonsense business rewards card earning 1.5% cashback on all business expenses with no annual fee.
  • Earn $500 Cash Back once you spend $4,500 on purchases within the first 3 months from account opening
  • 1.5% cashback on every purchase
  • 5% cash back on hotels and rental cars booked through Capital One Travel
  • No foreign transaction fees
  • $0 annual fee
  • 1.5% cashback on every purchase
  • 5% cash back on hotels and rental cars booked through Capital One Travel

The current welcome offer is for $500 cash back once you spend $4,500 on purchases within the first 3 months from account opening. The annual fee is $0.

Strengths: Welcome Offer ROI, No Categories / Caps, No Fee

The Spark Cash Select earns 1.5% cash back on all purchases–with no caps or limits, plus you get 5% cash back on hotels and rental cars booked through Capital One Travel. After spending the $4,500 required to earn the welcome offer, you would earn $67.50 in cash back. Add that to the $500 from the welcome offer and you've earned $567.50 from spending $4,500. That's a 12.6% return, which is excellent.

Not having to worry about spending categories, no caps on annual earnings, and the fact the card has no fee is a great combination for small businesses looking to keep expenses down while earning a nice welcome offer.

Weaknesses: Lower Earning Rate, No Earning Bonuses

In exchange for not having an annual fee, you sacrifice 0.5% in earning on every purchase. However, both the Spark Cash Plus and Spark Cash earn 2% on all purchases. How much are you really losing? Should you get a different card?

Let's compare the implications of this lower earning rate:

  • You need to spend $30,000 annually on the Spark Cash Plus to earn more than $150 (cost of annual fee) through that extra 0.5% in cash back on every purchase.
  • You need to spend $19,000 annually on the Spark Cash to earn more than $95 (annual fee in year two and beyond) through that extra 0.5% in cash back on every purchase.
  • If your business won't meet either of those spending thresholds, you will save money by having a no-fee card.

Who Is This Card For?

This card is for businesses that spend less than $19,000 on the card annually, are happy with a simple earning structure, and see the welcome offer as simply sweetening the pot.

Note on Different Welcome Offer

Note that there is also another offer for the Spark Cash Select that offers an introductory APR rate during the first year rather than the cash back bonus offered above.

Capital One Spark Classic for Business

Capital One Spark Classic for Business
Capital One Spark Classic for Business
Annual Fee$0
Welcome Bonus N/A

There is no welcome offer on the Capital One Spark Classic for Business. The card has $0 in annual fees and is designed for businesses building up credit.

Strengths: Build Credit, Earn Cash Back, No Fee

Designed for businesses building credit, you can get approved with a lower credit rating–since that's who the card is designed for. Plus, you can earn rewards in the form of 1 % Cash Back on every purchase. There are no special categories to keep track of and no limits to your earnings. The fact there's no fee is another plus.

Weaknesses: Lower Earning Rate, No Welcome Bonus

The weaknesses are clear. First, there's no welcome offer of any type. You will simply earn from everyday spending, but you won't get any lucrative introductory offer / welcome bonus. There's also no bonus category in which you could earn extra cash back at select merchants.

Who Is This Card For?

This card is for businesses who aren't likely to be approved for cards with better earnings–both on daily spend and in the form of welcome bonuses.

Capital One Spark Miles for Business

Capital One Spark Miles for Business
Capital One Spark Miles for Business
Annual Fee$0 intro for first year; $95 after that
Welcome Offer Earn a one-time bonus of 50,000 miles - equal to $500 in travel - once you spend $4,500 on purchases within the first 3 months from account opening
The Capital One Spark Miles for Business is one of just a handful of business rewards cards offering at least a 2% return on business expenses (issued as 2x Miles). Your rewards never expire as long as your account is open and in good standing.
  • Earn 50,000 bonus miles once you spend $4,500 on purchases within 3 months from account opening; worth $500 in travel if redeemed for a fixed-value, or potentially much more when transferred to airline partners
  • 2 Miles per $1 on every purchase, everywhere
  • Fee credit for Global Entry or TSA Pre✔® (up to $100)
  • No foreign transaction fees
  • $0 intro for first year; $95 after that
  • Earn unlimited 2X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won't expire for the life of the account

The Capital One Spark Miles for Business has a welcome offer of 50,000 miles when you spend $4,500 within 3 months from account opening. The annual fee structure is as follows: $0 intro for first year; $95 after that.

Strengths: Simple Earning Structure, Low Fee, Earn Flexible Miles

Unlike the cards above, the Spark Miles card earns Capital One miles, which you can transfer to 18 different airline and hotel programs. The earning structure remains simple, though: unlimited 2x miles per dollar spent with no caps or special categories involved. The low fee structure is another positive, but the ability to earn flexible miles is likely the biggest strength. With cash back, you have money that's worth what it's worth. With miles, you may be able to redeem them for outsized value via transfer partners. Recent AwardWallet redemption data shows that Capital One miles are worth 3.18¢ each on average–far more than the fixed 1¢ value you get with cash back earnings.

The rate of return from your spending and welcome offer really depends on how you use your miles and the redemptions you make. If nothing else, you can also redeem as a statement credit with miles–so they can still function as cash back at a value of 1¢ per mile.

Weaknesses: Loyalty Programs Can Be Confusing, Other Cards are Simpler

Some people don't want to deal with loyalty programs, transferring your miles to make a redemption, searching for award space… For some small business owners, earning 2% cash back on every purchase and enjoying the simplicity of it might be preferable to earning 2x miles and having to understand how to use them.

Who Is This Card For?

This card is for small business owners who prefer earning flexible miles, from which they can gain outsized value via award redemptions. It's also a great card for small business owners who like the low fee they pay in exchange for higher earning rates.

Capital One Spark Miles Select for Business

Capital One Spark Miles Select for Business
Capital One Spark Miles Select for Business
Annual Fee$0
Welcome Offer 20,000 Miles once you spend $3,000 on purchases within the first 3 months from account opening
A no-nonsense business rewards card earning 1.5x Miles per dollar on all business expenses, with no annual fee.
  • 20,000 Miles Miles once you spend $3,000 on purchases within the first 3 months from account opening; worth $200 in travel if redeemed for a fixed-value, or potentially much more when transferred to airline partners
  • 1.5 Miles per $1 on every purchase
  • Intro APR of 0% on purchases 9 months; 14.24% - 24.24% variable APR after that
  • No foreign transaction fees
  • $0 annual fee
  • 1.5 Miles per $1 on every purchase.

The Spark Miles Select has a welcome offer of 20,000 miles once you spend $3,000 on purchases within the first 3 months from account opening. You pay $0 in annual fees on this card.

Strengths: No Fee, Earn Flexible Miles

Not paying a fee is great. And you can still earn flexible miles, which we talked about above in regards to redemption value.

Weaknesses: Lower Earning Rate

In exchange for never paying an annual fee, the Spark Miles Select earns only 1.5x miles per $1 spent, whereas the Spark Miles above earns 2x. So you have a lower-earning rate here. As with other cards analyzed above, you would need to spend $19,000 annually to make up the difference. If you're spending less than this, you will save money by not paying a fee but earning at a lower rate. If you spend above that, it will compensate for the annual fee on the Spark Miles through accelerated earning.

Who Is This Card For?

This card is for small business owners who don't want to pay an annual fee and/or will spend less than $19,000 on the card annually. It's also a great card for people who want to earn miles, in order to have redemption options with hotels and airlines.

Image of the Capital One mobile app on a phone, where you can manage and compare Spark business cards

Which of the Capital One Spark Cards is Best?

This really depends on your redemption goals, your spending habits, and the welcome offer available when you apply.

Spending

We mentioned the $50,000 initial spend in 6 months required for the welcome offer on the Capital One Spark Cash Plus. Additionally, we talked about $30,000 and $19,000 as annual spending thresholds to justify fees on other Spark cards. Analyze your business' spending and see which of those numbers you will pass. Then, choose the card that offers the best return and best value at the end of the year according to your annual spending.

Welcome Offer

“Earn up to $1,000 cash back!” is an excellent offer for a cashback card. It gets a lot of attention. However, the spending required to earn that bonus is out of reach for many small businesses. Plus, the math shows that this is not the highest rate of return from bonus to spend requirement. That honor belongs to the Capital One Spark Cash for Business with a 13% return at the end of the introductory period.

Redemption Goals

If you're happy with things happening automatically, then choosing one of the Capital One Spark cards with cash back is the obvious choice for you. While the miles-earning cards have flat earning structures just like the cashback-earning cards, the cash back happens automatically. It's applied to your statement each month, and you're done.

However, if you like the option of miles and redeeming them for better value (or at least having this as an option alongside statement credits), then you should analyze your spending to choose from these cards.

Cash Back Can Become Miles, Though!

If you have a Capital One card that earns cash back and another card that earns miles, you can convert your cash back into miles. The huge welcome offers on Capital One Spark cards — especially right now with the Spark Cash Plus — means you could still turn this huge bonus into miles. You just need a 2nd card (one that earns Capital One miles) to make this possible. Use your account on the Capital One website (not the mobile app) to accomplish this.

If you have that miles-earning card, essentially all Capital One Spark cards could earn miles, and this increases your options for earning and redeeming.

Our Take

The current offers on the Spark credit cards from Capital One provide a great way for business owners to generate transferable miles or cash back from everyday business expenses. None of the cards has a massive fee, they all have simple earning structures that work automatically, and there are no limits to how much you can earn. Hopefully, this analysis helps you choose which is the best card for your business.

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Comments

  • The spend requirement is too high for most people

  • I had a nightmare trying to get Capital One to live up its agreement for the $500 cash back. I ended up giving up and cancelling the card. I was assured that I had reached the spending minimum by two representatives before the three months. Based on that information I stopped spending. It turned out that the $500 included the charge for the card itself, which in the fine print is not included. Beware.

    • That experience with the representatives and their representations to you would have driven me absolutely nuts. However, I believe it is standard that the card fee is not included in spending requirements.

  • Elizabeth Smith says:

    I am actually looking for a business credit card. this seems to be a good deal! I’ll have to look into it.

  • good to know that other cards are out there with better deals.

  • Albert C Rollins says:

    That spend is a killer, only a few can come up with it, this is not a card for everyone.

  • I have to admit that at first glance this sounds very tempting and since the holidays are here, it is possible for those that MS.
    But I have to agree with other readers here that the same result can be achieved by applying to a few cards that together will require less spend.
    But I can see a scenario that a person that can’t get Chase cards (5/24) and can’t get bonuses from AMEX due to the lifetime restriction, will get it to get miles in Star Alliance for example.

  • Great bonus but that spending requirement is way too high

  • I have to admit, while the 300,000 miles offer is really enticing, it will be very challenging to hit that $50,000 spending target for most. The exception would be business owners or employees with very high expenses that they charge (a lot of high-ticket sales executives might be able to do it). Great offer for those who can realistically do it!

  • Reward is enticing but the minimum spending kills it unless you’re crazy rich or have a huge business already

  • Way too much spend for most small business.

  • can someone confirm if Capital One Biz cards count towards 5/24? I believe I found a source saying they don’t, but looking for a recent DP if available

    • I’ll defer to folks with recent DPs, but I believe Capital One does report new business accounts on your personal credit report, so they will likely count against you for 5/24.

  • The bottom line on these Capital One offers is that the 50K points on the first $5K in spending is worthwhile on its own, while the value of the added bonus of 3 add’l points per mile beyond their already generous 2 points per dollar spent is questionable when you need to accumulate such high $50K in spending in a 6 month term. Not too many cards out there offer the basic 2% cash rebate you can earn on this on general spending without any point conversion.

  • Dexter Ohama says:

    The $3k minimum spend may be a bit steep for some but we just place EVERYTHING we can in those 3 months that we can on the card & it will come out without a problem. This is a good offer from Capital One. Taking advantage of this one.

  • In fact, they are too much spent, but the points are very desirable. Each decides according to their spending and goals.

  • spend requirement is out of reach for most small businesses.

  • 300,000 miles is a smarter bet!

  • If you have plenty of spend each year and you are over your bonus areas of other cards these bonuses are possibly worthwhile.

  • This almost makes me want to start that business I’ve been thinking. All the business card rewards are so tempting!

  • 300k not bad if you can easily make the spend

  • Wow. That’s an insane level of spending.

  • way too much spend to manage when now MS is super hard

  • Near-perfect credit score, and Capital One remains my only rejection to date…

  • Just right after their cards stopped working with Plastiq…

  • I would love to get these cards but Capital One doesn’t like to approve me for credit cards despite my having accounts with them for years.

  • Agree its a high spend requirement but look at the point rewards.

  • Wow what a sign up bonus! That does catch your eye. I do agree about the spending. That is an incredible amount. I wonder if Capital One is trying to see who is a big spender and try to catch them. Maybe they would be offering other things to them if they spend a lot with the company?

  • Steven William Van Meter says:

    By my reckoning, this is the second time Capital One has increased these offers to this level, matching the highest-ever welcome bonus I’ve seen on any credit card.I didn’t take advantage last time, but I;ll try this time.

  • Great offer if you can make the spend!

  • That is a lot of spend… but those points…. droolllll!!!!!!!

  • Does anyone have any data on manufactured spending with these cards? I have the Capital One Venture card and have MS’d fairly heavily without issue. I am looking for data points on any of the cards mentioned above.

  • Kripal Singh says:

    too much spending required .

    • ^what he said

    • I agree. The bonus is temptingly large, but I can’t manage that much spend personally or through MS’ing. Too bad.

    • Agreed. $50k spend would be better used on multiple sign-ups. That figure would cover more than 10 apps, and would easily (and conservatively) net over 500,000 points/miles. These offers really have to make sense to someone for other reasons to make it worthwhile.