Update 2/20/24: Sites with affiliate links are reporting this will end on March 11, 2024.
The Offer
- Capital One is offering a signup bonus of up to $3,000 signup bonus on their business Spark Cash Plus card, as follows:
- $1,500 once you spend $20,000 in the first 3 months.
- An additional $1,500 once you spend $100,000 in the first 6 months.
Card Details
- $150 annual fee not waived
- Card earns 2% cash back on all purchases
- Earn an annual $200 cash bonus every year you spend $200,000 or more
- Card earns cashback; if you have a different points-earning Capital One card (such as the Venture or Spark Miles), you’ll be able to transfer over the cash back into miles which could be more valuable
Our Verdict
Both of these tiers might make sense for someone with a lot of unbonused spend. The lower tier is a really nice deal for cashback – you’ll get 9.5% cashback on $20,000 in spend. This is better than prior offers we’ve seen. Personally I can’t do the $100k tier, but I’m going to try getting approved and doing the $20k spend tier. (In the past I haven’t had great luck getting approved with Capital One. 🙁 )
Another option is a newly launched similar bonus on the Venture X Business card.
Remember, Capital One pulls all 3 credit bureaus. Unlike most Capital One business cards, Spark Cash cards do not report the statement balances to the personal bureaus; see these Things to Know About Capital One Credit Cards before applying. We’ll add this to our List of Best Credit Card Signup Bonuses.
Related: My Business Credit Card Approvals With Capital One & Chase
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