Capital One Spark Plus Credit Card Overview

The Capital One Spark Plus Credit Card is a great option for small business owners who want to earn rewards and manage their finances effectively. It offers a 2% cash back reward on all purchases, with no rotating categories or spending limits.

This card also comes with no foreign transaction fees, making it a great choice for businesses that travel or have international customers. Plus, it has a $0 annual fee for the first year, and $95 after that.

The card also offers a 50,000-mile bonus after spending $4,500 in the first 3 months, which can be redeemed for flights, hotels, and other travel expenses. This can be a huge help for businesses that need to travel frequently for work.

Overall, the Capital One Spark Plus Credit Card is a solid choice for small business owners who want to earn rewards and save money on their business expenses.

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The Capital One Spark Cash Plus is a card designed for small-business owners, offering a range of benefits and rewards.

It has no preset spending limit, giving you the flexibility to make purchases as needed.

You can earn a welcome bonus of $2,000, plus additional cash bonus for every $500,000 spent during the first year.

The card also offers a flat 2% cash back rate on all purchases, with no limits or expiration dates.

One of the standout features of the Capital One Spark Cash Plus is its simplicity, with no caps or limits to keep in mind.

Here are some of the key benefits of the card:

Keep in mind that the card has an annual fee, which can be refunded if you spend $150,000 or more.

The Capital One Spark Plus credit card offers a range of benefits that can be super helpful for businesses. One of the standout features is roadside assistance, which can be a lifesaver if you're on the road and encounter a problem. Extended warranty is also a great perk, providing extra protection on eligible items purchased with the card.

The Spark Plus credit card also comes with virtual card numbers, which can be locked, unlocked, or deleted at any time. This feature can help protect your card number from unauthorized use. Additionally, you get free employee cards, which can be a huge advantage for businesses with multiple employees.

Here are some of the key benefits of the Capital One Spark Plus credit card:

The Spark Plus credit card also doesn't have a preset spending limit, which can be helpful for businesses that make larger purchases. You can add employee cards at no additional cost, which can be a big plus for businesses with multiple employees.

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The Capital One Spark Cash Plus offers a generous rewards program that's easy to understand and navigate. You'll earn 5% cash back on hotels and rental cars booked through Capital One Travel.

The card's earning structure is straightforward, with a flat 2% cash back on all other eligible purchases with no limits. This means you can earn rewards on almost all your business purchases, with the only exceptions being products you return, cash equivalent transactions, and account costs like cash advances and checks for accessing your account.

Here are the key earning categories:

You can also earn rewards on business purchases like personal credit cards, high-yield savings accounts, and CDs, but these are not eligible for rewards.

The earning structure of the Capital One Spark Cash Plus card is quite straightforward. You'll earn 5% cash back on hotels and rental cars booked through Capital One Travel.

The card also offers 2% cash back on all other eligible purchases, with no spending caps or limits. This means you can earn rewards on almost every business purchase you make.

To break it down, the earning structure is as follows:

It's worth noting that there are some expenses that are not eligible for rewards, including products you return, cash equivalent transactions, and account costs like cash advances and checks for accessing your account.

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The Capital One Spark Cash Plus offers a significant welcome bonus for new cardholders. You can earn $2,000 cash back once you spend $30,000 in the first 3 months.

This card has a steep minimum spending requirement, but it's worth noting that the annual fee of $150 is not waived. This means you'll need to weigh the potential rewards against the ongoing costs of holding the card.

To earn the welcome bonus, you'll need to spend $30,000 in the first three months. This is a significant amount, but it's not the only bonus you can earn with this card.

Here's a breakdown of the welcome bonus structure:

Keep in mind that this is a high-end card with a significant annual fee, so you'll need to make sure the rewards and benefits align with your business needs.

The Capital One Spark Cash Plus has a $150 annual fee, which may seem steep, but it's worth considering the benefits it offers.

You won't have to worry about foreign transaction fees, making it a great choice for international purchases.

This card is a charge card, which means you must pay your balance in full each month to avoid late fees.

Annual fees can be a significant cost, but some cards offer benefits that outweigh the expense. The Capital One Spark Cash Plus has a $150 annual fee.

This fee can be a hurdle for some, but it's essential to consider the card's features and rewards. The Capital One Spark Cash Plus doesn't have foreign transaction fees, making it a good choice for international purchases.

You won't pay interest on this card because it's a charge card, and you must pay your balance in full each month. If you don't make your full payment, you'll be charged a late fee on your outstanding statement balance.

Balance transfers aren't allowed on this card, so you'll need to consider other options if you need to transfer a balance. Cash advances may be available in limited circumstances, but you'll need to check your Guide to Benefits for more details.

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The Capital One Spark Cash Plus† is a charge card with no preset spending limit, giving you the flexibility to keep using your card even during seasonal expenses.

This flexibility can be a huge asset, especially for businesses with unpredictable expenses that may spike during certain times of the year.

A charge card like the Spark Cash Plus† requires you to pay your balance in full each month, which can help you avoid interest charges and stay on top of your finances.

This can be a great way to manage your expenses and keep your finances organized, especially for businesses with multiple transactions to track.

The APR on the Capital One Spark Cash Plus is a bit unique since it's a charge card and requires all purchases to be paid in full at the end of each billing cycle, eliminating the need for an APR range or interest charges on purchases.

There is no intro APR offer for purchases or balance transfers on this card.

You'll also notice that the Capital One Spark Cash Plus does not offer a pay-over-time feature, which means you can't finance eligible purchases over time like some other business charge cards.

A monthly late fee is assessed on any unpaid balances, and your account will be considered past due if not paid in full, which may be reported as delinquent to the credit bureaus.

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You can redeem your rewards from the Capital One Spark Cash Plus as cash back, which can be a great way to boost your business's bottom line. No minimum amount is required for redemption, and you can choose to receive a check or statement credit.

To maximize your rewards, you should analyze your spending patterns and make sure you'll earn enough to offset the annual fee. If you spend at least $7,500 annually, you'll break even with the $150 annual fee, given the 2% earning rate on most purchases.

The Capital One Spark Cash Plus is a charge card, which means it doesn't have a preset spending limit, but you do have to pay your statement balance in full each month. This is attractive for businesses with large and sometimes unpredictable expenses, and can be a compelling option to consider.

You can also convert your rewards to airline miles if you have a Capital One card that earns miles, such as the Capital One Venture X Rewards Credit Card. This can be a great way to help cover business travel expenses or reward employees with a well-deserved getaway.

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Here are some tips to keep in mind:

To maximize your rewards on the Capital One Spark Cash Plus, you should aim to spend at least $7,500 annually to break even with the $150 annual fee, given the 2% earning rate on most purchases.

You can also consider converting your rewards into airline miles to transfer to airlines, but this requires holding a miles-earning card like the Capital One Venture X Rewards Credit Card, Capital One Venture Rewards Credit Card, or Capital One Spark Miles for Business.

The Capital One Spark Cash Plus is a charge card, which means you have to pay your statement balance in full each month, but this can be a great option for businesses with large and unpredictable expenses.

If your business spends at least $150,000 in an anniversary year, you'll receive a statement credit of $150 to offset the annual fee, plus at least $3,000 in cash back from spending $150,000.

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Here are some key facts to keep in mind when maximizing your rewards:

You should also consider your business's spending patterns and whether the rewards will offset the annual fee. If not, it might be better to opt for a different card.

To make a payment online, you'll need to choose how much to pay, when to pay it, and where the payment is coming from. You can also set up automatic payments, which is a great way to ensure you never miss a payment.

The Capital One mobile app is another convenient way to make a payment. Simply log in to your account and follow the prompts to make a payment.

If you prefer to pay by phone, you can do so by calling Capital One. They'll guide you through the process. You can also pay by mail or at a branch, if that's more your style.

Here are the ways to make a payment:

If you're considering the Capital One Spark Cash Plus, you might want to compare it to other business cards that offer similar rewards. The Ink Business Cash Credit Card, for example, has a lower annual fee of $0 and offers 1-5% cash back on various purchases.

The Capital One Spark Miles for Business card also offers a rewards rate of 2-5 miles per dollar on various purchases, although it has a lower annual fee of $0 intro for the first year, then $95 after. This card also offers a bonus of 50,000 miles once you spend $4,500 on purchases within the first three months from account opening.

Here's a comparison of the three cards:

The Capital One Spark Cash Plus offers a higher rewards rate on hotels and rental cars booked through Capital One Travel, with 5% cash back on these purchases. However, the Ink Business Cash Credit Card offers a purchase intro APR of 0% for 12 months, which may be a better option for businesses that need to make large purchases.

The Capital One Spark Cash Plus Card has received 9 reviews from users, but unfortunately, no details are provided about the content of these reviews.

Some users may be interested in the fact that the card has a $150 annual fee, but it can be refunded if you spend at least $150,000 that year.

To get a better understanding of what current users think about the card, you can check out the reviews on the Capital One website, where users can share their insights and experiences with the card.

Here are some key details about the reviews:

We take reviewing credit cards seriously, and we want to give you a clear understanding of how we evaluate them. Our team of experts carefully considers several key factors to provide you with an accurate and unbiased review.

We evaluate the simplicity of the card, looking for ease of use and minimal rules to follow. For example, we consider whether the card makes it easy to earn and redeem rewards without complicated hoops to jump through.

We also examine the earning potential of the card, including the size of the welcome bonus offer and whether there are useful bonus categories for small-business owners. A substantial welcome bonus can be a major draw, but it's essential to consider whether it's worth the effort to earn it.

In addition to earning potential, we look at the benefits offered by the card, such as savings on fees or easier financial tracking. These benefits can be a significant advantage for business owners, but it's crucial to weigh them against any potential drawbacks.

We also carefully consider the fees associated with the card, including the annual fee and any other charges. While some fees may be unavoidable, it's essential to determine whether they're worth the rewards and benefits provided.

Here are the factors we consider when reviewing credit cards:

Reviews are a great way to get a sense of how a credit card performs in real-world use. The Capital One Spark Cash Plus Card has an impressive 9 reviews on the official website.

The card's initial bonus is a major draw for many business owners. You'll earn $2,000 for spending $30,000 in the first 3 months, plus an additional $2,000 bonus for every $500,000 spent in the first year.

The reviews from other users can provide valuable insights into the card's benefits and drawbacks. One reviewer noted that the card's 2% cash back on all purchases is a huge advantage, especially since the rewards don't expire as long as your account is open.

Some reviewers have mentioned that the card's $150 annual fee can be a bit steep, but it's worth it if you can meet the spending requirement of $150,000 per year to have it refunded.

The card's free employee cards are also a popular feature among reviewers. You can add employees as authorized users and give them cards tied to the account at no extra cost, with unlimited 2% back on all purchases.

Here are some key review highlights:

To get the Capital One Spark Cash Plus Card, you'll need to have excellent personal credit, as it's a requirement for approval.

You can check your latest credit score for free on WalletHub to see where you stand.

The application process itself isn't mentioned in the review, but it's likely a straightforward online application.

If approved, you'll be able to add employees as authorized users and give them cards tied to the account at no extra cost.

There's no preset credit limit with the Spark Cash Plus Card, meaning the amount you can spend may change from month to month based on your spending behavior, payment history, and credit profile.

You won't be privy to this information, so you could find yourself at the wrong end of a declined transaction.

To avoid this, make sure to pay your balance in full every month, as the Spark Cash Plus Card is a charge card and doesn't allow carrying a balance from month to month.

This means you'll need to have a solid understanding of your business's cash flow and expenses to avoid overspending.

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Making a payment on your Capital One Spark Cash Plus card is relatively straightforward. You can pay your bill online, by phone, through the Capital One mobile app, by mail, or at a branch.

To make a payment online, simply log in to your online account and click on “Make a Payment.” Then, choose how much to pay, when to pay it, and where the payment is coming from. You can also set up automatic payments, which can save you time and effort.

The Capital One Spark Cash Plus card is made of plastic, but don't let that fool you - it's a great card with excellent terms and benefits.

Here are the ways to make a payment on your Capital One Spark Cash Plus card:

The best promotion for the Capital One Spark Cash Plus card is an initial bonus of $2,000 for spending $30,000 in the first 3 months, plus an additional $2,000 bonus for every $500,000 spent in the first year. This promotion applies automatically, so you don't need to do anything specific to take advantage of it.

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The Capital One Spark Plus offers a range of travel and purchase protections that can give you peace of mind when using your card.

You can purchase items with confidence, knowing that the card offers an extended warranty on eligible items. This means that if something goes wrong with your purchase, you can get it repaired or replaced.

Traveling with the Capital One Spark Plus card also comes with some great benefits. You'll have access to car rental insurance, which can help protect you in case of an accident.

In addition to car rental insurance, the card also offers roadside assistance, so you'll be back on the road in no time if you encounter a problem.

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You'll need excellent credit to qualify for the Capital One Spark Cash Plus, which means you've never declared bankruptcy or defaulted on a loan, been more than 60 days late on any credit card, medical bill, or loan in the last year, and have had a loan or credit card for three years or more with a credit limit above $5,000.

To be more specific, you'll need a FICO score of at least 800 to qualify. This is a pretty high standard, but if you've been responsible with your credit, you should be in the clear.

The Capital One Spark Cash Plus is a charge card, which means you can't carry a balance from month to month. Your entire balance is due every statement period, and if you don't pay in full, you'll be subject to late payment penalties.

You don't need a formal business structure or corporation to open the Capital One Spark Cash Plus, but if you do have a registered business, you'll need to provide your legal business name and registered tax ID number, as well as the legal names, addresses, and Social Security Numbers of all business owners.

Travel Accident Insurance is not guaranteed with the Capital One Spark Cash Plus, and it depends on the level of benefits you get at application.