Capital One Spark Cash Plus Review: Enjoy a Consistent 2% Cash-Back on All Business Expenses

Overview of the Capital One Spark Cash Plus Card

With an annual fee of $150, the Capital One Spark Cash Plus (refer to rates and fees) provides 2% cash back on every purchase, without limits on earnings. Essentially, the more you spend—be it on office supplies or business meals—the more rewards you accumulate. Card rating*: ⭐⭐⭐½

* Card rating reflects the views of TPG's editorial team and is not affected by the card issuer.

The Spark Cash Plus is an enhanced version of the former Spark Cash for Business, now with a $150 annual fee (check rates and fees). However, it offers a significantly larger sign-up bonus and the chance to have your annual fee reimbursed.

The Spark Cash Plus differs from a typical credit card because the balance must be paid in full each month. The key distinction is the absence of a preset spending limit, making it ideal for business owners with substantial expenses who may need to exceed their credit limits.

TPG suggests having a credit score of 740 or above, but you might still qualify with a lower score.

Let’s explore whether this card suits your needs.

Pros and cons of Spark Cash Plus

Welcome Offer for Spark Cash Plus

The Spark Cash Plus is currently providing new applicants with an incredible welcome bonus of $2,000 cash back after spending $30,000 within the first three months. Additionally, you can earn another $2,000 cash bonus for every $500,000 spent during the initial year.

For businesses with significant annual spending that can meet the minimum spending threshold, this welcome offer can be quite rewarding. It allows you to earn cash back and essentially unlimited cash bonuses in the first year.

Advantages of Spark Cash Plus

The Spark Cash Plus card features no preset spending limit, providing flexibility that adjusts according to your spending habits, payment history, and credit profile. It's also important to highlight that charge cards do not incur an annual percentage rate, as your balance is required to be paid in full each month (see rates and fees).

For businesses with significant operational expenses, the Spark Cash Plus offers a reimbursement of your $150 annual fee each year you spend $150,000 or more. However, that’s a considerable amount to spend just to receive a $150 benefit.

Like all Capital One credit cards, you will benefit from no foreign transaction fees on purchases made abroad (see rates and fees).

Finally, you can order employee cards at no extra charge (see rates and fees), which will connect to your account as the primary cardholder.

Earning Cash Back with the Spark Cash Plus

The standout feature of the Capital One Spark Cash Plus is its straightforward earning structure. You’ll receive an unlimited 2% cash back on all purchases, with no caps or category restrictions.

Depending on your card usage style, you might view this as a benefit or a drawback. However, it's certainly advantageous for those looking to maximize their business expenditures without the hassle of tracking purchases against bonus categories, unlike many other business credit cards.

What are the competing cards to the Spark Cash Plus?

Here are some cards that compete with this distinctive Capital One offering:

• If you prefer Chase: The Ink Business Cash® Credit Card comes with no annual fee and offers 5% cash back on the first $25,000 spent annually in combined purchases at office supply stores and on internet, cable, phone services, and Lyft rides until March 2025, 2% on the first $25,000 spent in combined purchases on gas and dining, and 1% on all other purchases. Pairing this card with an Ultimate Rewards earning card allows you to convert cash back into points and take advantage of Chase's impressive array of transfer partners. For more details, check out our full review of the Ink Business Cash.
• If you prefer no annual fee: In addition to the Ink Business Cash, there’s The American Express Blue Business Cash™ Card, which has no annual fee (see rates and fees) and provides a similar 2% rewards rate on up to the first $50,000 in eligible purchases each calendar year, then 1% cash back is automatically credited to your statement. This card is a solid choice if your business is small and doesn't spend enough to warrant the $150 annual fee of the Capital One Spark Plus (see rates and fees). For more information, read our full review of the Blue Business Cash.
• If you want to earn transferable rewards: The Capital One Venture X Business offers no preset spending limit, includes lounge access, a $300 annual credit for bookings through Capital One Travel, and a wide range of travel protections and insurance for a $395 annual fee (see rates and fees). It earns 2 miles per dollar on all purchases, 5 miles per dollar on flights and vacation rentals booked through Capital One Travel, and 10 miles per dollar on hotels and car rentals booked through Capital One Travel.

For more options, explore our complete list of the best business cards.

Is the Spark Cash Plus a worthwhile choice?

Determining whether the Spark Cash Plus is worthwhile depends on various factors, including the types of rewards you wish to earn and your monthly business spending. If your priority is earning cash rewards and you appreciate a straightforward earning structure, the Spark Cash Plus is a great option. However, if you're looking to maximize your earnings and consistently accumulate rewards—be it cash back, points, or miles—there are more advantageous business credit cards available.

Final Thoughts

Offering a straightforward 2% cash back on all purchases, the Spark Cash Plus stands out for business owners seeking a hassle-free rewards structure. For businesses with substantial annual spending, this card can deliver exceptional value with its unlimited cash bonuses. However, if you're aiming to dive into frequent flyer rewards, there are alternative business cards that might serve you better.

For Capital One products featured on this page, some benefits may be provided by Visa® or Mastercard® and could vary by product. Refer to the corresponding Guide to Benefits for details, as terms and exclusions apply.