$3,000 Bonus: Capital One Spark Cash Plus Credit Card Review

We may be compensated when you click on links from one or more of our advertising partners. Opinions and recommendations are ours alone. Terms apply to the offers. See our Advertising Disclosure for more information.

The Capital One Spark Cash Plus business credit card currently offers a $3,000 cash back welcome bonus and earns 2% cash back everywhere.

The card has no present limit allowing you to use the card for large purchases without worrying about the credit limit.

Below are nine things you should know about the Capital One Spark Cash Plus business credit card.

Capital One Spark Cash
2% Cash Back
No Preset Limit

Our Rating


1. $3,000 Sign Up Bonus

The Capital One Spark Cash Plus credit card is currently offering a welcome bonus of $1,000, which you can earn by meeting the following spending requirements:

  • $500 after spending $5,000 in the first three months.
  • $500 after spending $50,000 in the first six months.

The all-time high welcome bonus for this card was $3,000 in early 2022.

2. 2% Cash back or 2x Miles

The Spark Cash Plus card earns 2% cash back everywhere or 2x miles that can be transferred to airlines and hotel points programs.

The 2x miles option requires that you also hold either a Capital One Venture X, Capital One Venture, or Capital One Spark Miles for Business. It is also an unofficial benefit of the card that can be changed at any time.

If you convert your cash back to Capital One miles, you can then transfer the miles to the airline and hotel points programs below.

Transferring cash back to airlines miles yields the highest return since we value several airline points at above 1.5 cents per points.

Airline Transfer Ratio Transfer Time
AEROMEXICO LOGO AeroMexico 1 to 1 Instant
Air Canada Air Canada (Aeroplan) 1 to 1 Instant
Air France Air France (Flying Blue) 1 to 1 Instant
Avianca Avianca (LifeMiles) 1 to 1 Instant
British Airways British Airways 1 to 1 Instant
Cathay Pacific Cathay Pacific (Asia Miles) 1 to 1 3 to 5 days
Emirates logo Emirates 1 to 1 Instant
Etihad Etihad 1 to 1 24 hours
EVA Air EVA 2 to 1.5 24-48 hours
Finnair logo Finnair 1 to 1 Instant
Qantas Logo Qantas 1 to 1 24-48 hours
Singapore Airlines Singapore (KrisFlyer) 1 to 1 24-48 hours
TAP Portugal TAP Portugal 1 to 1 Instant
Turkish Airlines logo Turkish 1 to 1 Instant

You can also transfer Capital One miles to hotel points programs, but the value is not as high as transferring to airline programs.

Hotel Transfer Ratio Transfer Time
Accor Hotel Logo Accor Live Limitless 2 to 1 24 to 48 hours
Choice Logo Choice Privileges 1 to 1 24 Hours
Wyndham Logo Wyndham Rewards 1 to 1 Instant

3. No Preset Spending Limit

There is no preset spending limit with this card, but you must pay the card in full each month or you will be charged a 2.99% monthly late fee.

4. $150 Annual Fee

The Capital One Spark Cash Plus has an $150 annual fee, which is quite high given the limited benefits. 

The card is very valuable in the first year due to the welcome bonus, but the card has a poor long-term valuable proposition because it lacks premium card benefits such as rental car insurance or trip delay insurance.

The annual fee can be offset via a $200 annual bonus if you spend $200,000 on the card each year, but for 99% of people, obtaining the bonus is unlikely.

5. No Foreign Transaction Fees

You can use your Spark Cash Plus card anywhere in the world without paying a foreign transaction fee.

Santorini Europe

6. Extended Warranty Protection

The Spark Cash card gives add an extra year to eligible warranties on items purchased with the card.

Items Covered under extended warranty

7. Free Employee Cards

You can add as many employees as you want to your Spark Cash Plus account without paying a separate annual fee.

8. Possible Additional $200 Bonus

Cardmembers who spend an incredibly high $200,000+ per year on the Spark Cash Plus card receive a $200 annual cash bonus.

9. Capital One Pulls All Three Credit Bureaus

Most credit card companies such as Chase and American Express only pull one credit bureau report when applying for a credit card. 

However, Capital One is unique because it pulls all three credit bureau reports. This has more of an impact on your credit score than a normal credit card application, and it makes a denial sting even more.

The Verdict

The Capital One Spark Cash Plus card offers a very lucrative welcome bonus for the first year, which can be even more valuable by converting the cash back to airline miles.

Official Application Link: Capital One Spark Cash Plus.