Capital One Spark Cash Plus
Capital One Spark Cash Plus
Annual fee: $150
Current welcome offer
Earn a one-time cash bonus of $2,000 plus for a limited time, earn a $500 Capital One Business Travel credit once you spend $30,000 in the first 3 months
My Take
The Spark Cash Plus is what I point business owners to once they've outgrown the standard Spark Cash and are putting real volume through their business card. The welcome offer alone is generous, $2,000 back after $30,000 in spend, but the part that makes this card stand out is the stacking bonus: you can earn another $2,000 for every $500,000 you spend in year one, with no cap on how many times you can hit it. For a business with high, steady spend, that adds up fast.
This is a charge card at heart, so there's no preset spending limit, which is great for flexibility, but it also means you're expected to pay your balance in full each month rather than carry it. The $150 annual fee sounds steep next to the standard Spark Cash, but Capital One refunds it in full every year you spend $150,000 or more, so for the right business it effectively becomes a no-fee card.
And just like the standard Spark Cash, if you also hold a card that earns Venture miles, you can convert your Spark Cash Plus cash back into Venture miles instead of cashing it out, which opens up Capital One's transfer partners if travel is more useful to you than a statement credit.
One more thing worth knowing: unlike the standard Spark Cash, this one doesn't count toward Chase's 5/24 rule, so it's a smart pick if you're trying to protect your 5/24 status while still earning a serious bonus.
How to Earn Rewards
Benefits
- Unlimited 2% cash back on every purchase, everywhere
- 5% cash back on hotels and rental cars booked through Capital One Business Travel
- $150 annual fee refunded each year you spend $150,000+
- Free employee and virtual cards, with spend limits you control
- No foreign transaction fees
Is This Card Right For You?
✓ Best for
Business owners with high spending who can realistically hit the $30,000 welcome offer threshold
Owners who want big year-one bonuses without a spending cap
Businesses that can pay their balance in full each month
Anyone protecting their Chase 5/24 status
✗ Not ideal for
Business owners who need to carry a balance month to month — this is a pay-in-full card
Smaller or newer businesses that can't realistically hit the $30,000 spend threshold
Anyone who'd rather have a low, predictable annual fee than chase a $150,000 refund threshold
Those wanting rewards to transfer directly to airline and hotel partners without an extra step (Spark Cash Plus earns cash, not miles, unless converted through a Venture card)
Offer History
Capital One is currently calling this "our biggest offer ever" on the Spark Cash Plus — $2,000 after $30,000 spend in the first 3 months, plus an additional $2,000 for every $500,000 spent in year one. That stacking bonus structure is unusual for Capital One and makes this one worth watching closely if you're a high spender.
Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
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