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Capital One Spark Cash Plus review: A charge card to run your business

If you are shopping around for a charge card to help you manage your business and give you cash back, read the Capital One Spark Cash Plus review!

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Capital One Spark Cash Plus: Earn 2% cash back on all purchases

Capital One Spark Cash Plus card
Discover how this amazing card works. Read on! Source: Capital One

The Capital One Spark Cash Plus review will provide a complete guide on this business card for owners looking for cash-back rates on purchases.

Capital One logo

How to apply for Capital One Spark Cash Plus

Capital One Spark Cash Plus is what you need to run your business more easily. Read on to learn how to apply!

It has many attractive advantages that will help you save money more easily. So, keep reading to learn more about it.

  • Credit Score: Excellent;
  • Annual Fee: $150;
  • Regular APR: No APR (pay-in-full card);
  • Fees: Either $5 or 5% of the amount of each cash advance, whichever is greater. 2.99% of the unpaid portion of your minimum payment on late payments.
  • Welcome bonus: For a limited time, earn up to a $3,000 cash bonus: $1,500 once you spend $20,000 in the first 3 months, and an additional $1,500 once you spend $100,000 in the first 6 months.
  • Rewards: Unlimited 2% cash back for your business on every purchase, everywhere; 5% cash back if you book hotels or rent a car with Capital One Travel.
  • Terms apply.

Capital One Spark Cash Plus: how does it work?

The Capital One Spark Cash Plus is a charge card designed for small businesses, but it’s high maintenance.

Unlike a credit card, you don’t have a preset limit on purchases, but you’ll have to pay it fully by the end of the month. If you don’t make the payment on time, there might be a 2.99% monthly late fee.

That can make it hard for small businesses to keep since money is a deal when you are starting. In addition, the annual fee is above-average $150, which is expensive.

However, you can get the $150 annual fee refund every year that you spend $150.000,00 or more.

Also, you’ll need to pay a cash advance fee of either 5% or $5, whichever is greater between the two in each cash advance.

Finally, this card comes with $0 fraud liability, account and business management features, and a year-end summary.

Capital One Spark Cash Plus: should you get one?

White business woman in the first plan, and in the second there's a team
Find out if the pros and cons of this card will suit your business. Read on! Source: Pexels

If your company needs a charge card to bring cash back on purchases, you might want to look at the Capital One Spark Cash Plus pros and cons.

Pros

  • 2% cash back on purchases;
  • No APR;
  • No preset limit;
  • Welcome cash bonus up to $3,000;
  • $0 Fraud Liability;
  • Roadside Assistance.
  • Terms apply.

Cons

  • The annual fee may cost a lot to small businesses;
  • Because it’s a charge card, you’ll have to pay your balance in full each month;
  • It requires excellent credit to apply.

Multiple personalized credit card offers

Applying won't hurt your credit score

You will be redirected to another website

Credit score required

If you’d like to use this card to run your business, ensure you have excellent credit.

Capital One Spark Cash Plus application: how to do it?

If you are interested in the Capital One Spark Cash Plus review, keep learning about it and how to apply it in our post below. Keep reading!

Capital One Spark Cash Plus card

How to apply for Capital One Spark Cash Plus

Capital One Spark Cash Plus is what you need to run your business more easily. Read on to learn how to apply!

The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

About the author  /  Suzana Brito

I'm a Language Studies graduate and have always been interested in writing and sharing knowledge. By creating content about finances and related products, I believe in contributing to people achieving financial freedom and their goals in life.

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