The Capital One Spark Cash Plus business credit card 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.
This article will cover everything you need to know about this card to determine if you should add this card or a different card to your wallet. Let’s dive right in.
- Earn bonus_miles_full.
- 5% Back on Hotels and Rental Cars Booked Via Capital One Travel
- 2% Cash Back on All Purchases
- Extended Warranty & No Foreign Transaction Fees
- $150 Annual Fee
Welcome Bonus
The Spark Cash Plus currently offers the following welcome bonus:
Earn bonus_miles_full.
Earning Cash Back
The Spark Cash Plus earns cash back at the following rates:
- 5% cash back on hotels and rental cars booked through Capital One Travel.
- 2% cash back on every purchase, everywhere—with no limits or category restrictions.
Annual Fee
The Spark Cash Plus card has a $150 annual fee, which you can get refunded every year you spend at least $150,000.
You can add as many employees as you want to your Spark Cash Plus account without paying a separate annual fee.
Card Benefits and Perks
Below are the card benefits and perks of the Spark Cash Plus:
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.
No Foreign Transaction Fees
This card has no foreign transaction fees on purchases outside the U.S., which is helpful if you travel internationally to help you avoid paying a 3% fee on those international purchases.
Extended Warranty Protection
Credit card extended warranty protection adds up to an additional year of coverage for eligible purchases on manufacturer’s warranties up to 3 years.
Coverage matches the protection provided by the original warranty so that damage or defect would have to be covered by the original warranty for extended warranty coverage.
Pros and Cons
Here’s a quick overview of this card’s advantages and disadvantages:
Pros:
- Lucrative welcome bonus
- Unlimited 2% cash back on every purchase, including 5% back on hotels and rental cars through Capital One Travel.
Cons:
- $150 Annual Fee
- Limited travel and purchase protections.
Alternatives to the Spark Cash Plus
Now that you know about this credit card’s various benefits and pros and cons, it’s time to see its alternatives.
Capital One Spark Miles for Business
Earn 2x Miles Instead of 2% Cash Back
- bonus_miles_full
- Unlimited 5X miles on hotels and rental cars booked through Capital One Travel
- 2x Miles On Every Purchase
- Global Entry or TSA PreCheck Credit
- No Foreign Transaction Fees
- $0 Intro Annual Fee for the First Year, $95 Thereafter
- Free employee cards which also earn unlimited 2X miles from their purchases
The Capital One Spark Miles for Business is one of the top travel rewards credit cards for small business owners.
The card earns unlimited 5X miles on hotels and rental cars booked through Capital One Travel. It also earns unlimited 2 miles per dollar on all purchases, which can be transferred to Capital One’s airline and hotel partners.
The Spark Miles also offers a statement credit for your Global Entry or TSA PreCheck application (up to $100) and no foreign transaction fees.
The American Express Blue Business Cash™ Card
No Annual Fee and 2% Cash Back (up to $50,000 per year)
- 2% Cash Back On Up to $50,000 Per Year (1% Thereafter)
- 0% Intro APR on Purchases for 12 Months. After that, reg_apr,reg_apr_type. APRs will not exceed 29.99%.
- No Annual Fee (rates & fees)
The American Express Blue Business Cash™ Card (review) offers simple, straightforward rewards for no annual cost.
This zero-annual-fee card earns a flat 2% cashback rate on all qualifying purchases up to $50,000 each year (1% thereafter).
The Blue Business Cash also offers expanded buying power, giving your business the flexibility to spend above your credit limit for your business expenses.
Ink Business Preferred® Credit Card
Better Travel and Purchase Protections
- bonus_miles_full
- 3X Points on Travel, Shipping, Advertising (Social Media and Search Engines), Internet, Cable, and Phone on the First $150,000 Each Account Year
- 25% Additional Points Value in Travel Redemption
- Primary Rental Car Insurance
- Trip Cancellation/Interruption Insurance
- Cell Phone Protection
- Purchase Protection and Extended Warranty
- No Foreign Transaction Fees
- $95 Annual Fee
The Ink Business Preferred® Credit Card (review) is an excellent choice for business owners looking for a card that offers valuable rewards and benefits.
With this card, you’ll earn:
- 3 points per $1 spent on travel, shipping purchases, internet, cable, phone services, and advertising purchases made with social media sites and search engines (up to $150,000 in combined purchases per account anniversary year).
- 1 point per $1 spent on all other purchases, with no limit on the number of points you can earn.
Beyond the rewards, the Ink Business Preferred provides valuable benefits, including:
- Primary rental car insurance (when renting for business purposes).
- Cell phone protection (up to $600 per claim against theft or damage, with a maximum of three claims per year and a $100 deductible per claim).
- Purchase and extended warranty protection.
Is the Spark Cash Plus Worth It?
The Spark Cash Plus is worth it if you are a small business owner that wants to earn cash back and spends more than $50,000 per year.
If you spend less than that, you should consider the The American Express Blue Business Cash™ Card (review).
If you are looking to earn airline miles over cash back, you should consider the Capital One Spark Miles for Business (review).
- Earn bonus_miles_full.
- 5% Back on Hotels and Rental Cars Booked Via Capital One Travel
- 2% Cash Back on All Purchases
- Extended Warranty & No Foreign Transaction Fees
- $150 Annual Fee
For rates and fees of the American Express Blue Business Cash™ Card, please click here.
