Capital One has two increased bonuses for the Spark Cash Visa Business Card. You can get either a $750 bonus or a $1,000 bonus, but they both come with high spending requirements. The annual fee is waived for the first year, but then you get two different fees, $95 and $59 respectively.
Spark Cash $1,000 Bonus
Earn a one-time $1000 cash bonus once you spend $10,000 on purchases within 3 months from account opening.
$0 intro for the first year, $59 after that
Spark Cash $750 Bonus
Earn a one-time $750 cash bonus once you’ve spent $7,500 on purchases within the first 3 months from account opening.
$0 intro for the first year, $95 after that
There’s two issues with these offers. The first being that Capital One pull from all three credit bureaus when you apply for a credit card. You could freeze Experian or Transunion and they will still approve you with only two pulls. And the fact that Capital One business card report to personal credit reports. If you’re worried about 5/24, then this card might not be for you. Then there’s the spending requirement. You need to spend either $10K or $7.5K, depending on which offer you’re going for. That’s a lot of spending to be done in three months. So keep that in mind before applying and make sure you have the means to complete it.
With that said, a $1,000 signup bonus is rare for a credit card. That bonus basically gives you 10% back, but since the card also earns 2% cashback everywhere, you will be earning 12% on $10K spending for a total bonus of $1,200. And the annual fee is waived for the first year.
This is the best offer we have seen for the Spark Cash Visa Business Card. If you can handle the high spending requirement and are not worried about the credit pulls, then you should definitely apply. There’s no expiration date, but I doubt this offer will last long.
HT: Doctor of Credit