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Two things make the Capital One Spark Cash really valuable: its unlimited 2% cash back on every purchase earning rate and its elevated $750 cash back bonus for new cardholders. The Spark Cash is a boon for businesses that value simplicity, and we'll show you why now is an excellent time to apply.
- 2% cash back for your business on every purchase, everywhere
- No foreign transaction fees
- $0 intro for first year; $95 after that
- 2% Cash Back on every purchase. 5% Cash Back on hotels and rental cars booked through Capital One's travel booking site.
Spark Cash Elevated Offer
The Spark Cash has a new, elevated welcome offer. As a new applicant, you can score $750 cash back once you spend $7,500 in the first 3 months from account opening.
That's effectively 10% bonus cash back on the first $7,500 in business expenses charged to the card in the first three months of card membership — and that's before the cash back you'll earn from your everyday business spending.
It's a rare valuable offer for what's purely a cash back card. And valuable offers don't come around every day on cash back cards.
Spark Cash Highlights
From a benefit standpoint, the Spark Cash is very simple. And that's part of what makes it a must-have for businesses that don't want to wrestle a card with bells and whistles. So, let's expand on that.
- The Spark Cash has no annual fee for the first year. It's free to test-drive! From the second year on, you'll pay a $95 annual fee.
- The Spark Cash has two valuable earning categories. Earn 2% cash back on every purchase and 5% cash back on hotels and rental cars booked through Capital One Travel.
- No foreign transaction fees. If you do business abroad, pack and swipe the Spark Cash knowing you won't incur foreign transaction fees.
Business owners can also take advantage of $0 fraud liability, year-end expense summaries, purchase records, and free employee cards (with customized spending limits). Plus, you can access virtual card numbers, which allows you to make online payments without exposing your actual card number.
Who Is Eligible To Apply for the Spark Cash?
The Spark Cash is a business card. Thus, you need to own or operate a business before you fill out an application. But don't let this requirement deter you — lots of things count as businesses for the sake of card applications. Running an online store, walking dogs, or overseeing a large organization count all the same.
And there are a few more application rules and restrictions you'll want to be aware of. For example:
- You cannot have opened another Capital One card within the last six months.
- You cannot have more than five total Capital One personal cards — but this limit doesn't seem to apply to business cards.
- Capital One will likely pull your credit report from all three major credit bureaus. And it's likely this card will reflect on your personal credit report.
Related: How To Get a Business Credit Card in 3 Steps
Cards That Compete With the Spark Cash
The Spark Cash is a rewarding card, but it's not for every business. If you're unsure if it's right for yours, consider these options instead:
- If you want to earn Capital One miles instead of cash back, consider the Capital One Spark Miles for Business. The Spark Miles earns similarly to the Spark Cash — 2X Miles per $1 on every purchase, everywhere, and 5X Miles per dollar on hotels, vacation rentals and rental cars booked through Capital One Travel. And it also offers a $0 introductory fee for the first year; $95 after that.
- If your business spends at a high velocity, consider the Capital One Spark Cash Plus. The Spark Cash Plus earns identically to the Spark Cash — 2% cash back on every purchase and 5% cash back on hotels and rental cars booked through Capital One Travel — but is a charge card instead of a typical credit card. Plus, Capital One will waive the $150 annual fee if you make $150,000 in purchases in a cardholder year.
- If you want to earn cash back and pay no annual fee for as long as your account remains open, consider The American Express Blue Business Cash™ Card. The no-annual fee Blue Business Cash (Rates & Fees) earns 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1% (issued as a statement credit). It's a simple earner like the Spark Cash, but it's issued by American Express instead of Capital One.
- 2X miles per dollar on every purchase, everywhere, no limits or category restrictions
- 5X miles per dollar on purchases through Capital One Entertainment (through 12/31/2025)
- 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel
- 2% Cash Back on every purchase. 5% Cash Back on hotels and rental cars booked through Capital One's travel booking site.
(Terms apply)
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
Bottom Line
For businesses that value simplicity and cold hard cash back on every purchase, the Spark Cash is a perfect fit. And thanks to a $0 introductory annual fee, you can re-evaluate the card's position in your wallet after a year's time and make an informed decision if it's worth keeping around.
- 2% cash back for your business on every purchase, everywhere
- No foreign transaction fees
- $0 intro for first year; $95 after that
- 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: The American Express Blue Business Cash™ Card (Rates & Fees)
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