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Capital One Spark Cash Plus, Limited Time $3,000 Early Spend Bonus

Update: This bonus will end on March 14, 2022, so this is a good time to apply if you plan on getting this card. Keep in mind that we have also seen a $3,500 bonus with the same requirements either through targeted mailers, or through a business relationship manager at Capital One locations.

Capital One today announced a limited time Early Spend Bonus for new Spark Cash Plus customers of up to $3,000. This bonus is broken down in two parts. You get $500 once you spend $5,000 in the first 3 months, and $2,500 once you spend $50,000 in the first 6 months. The Capital One Spark Cash Plus provides flexible purchasing power with no preset spending limit, coupled with unlimited 2% cash back rewards. And now, new customers can earn a market-leading sign-up bonus of up to $3,000 when they use the card for their business expenses.

The Capital One Spark Cash Plus card rewards business owners for every purchase, and cardholders can also earn a $200 cash bonus for every year they spend $200,000 or more on the card. This pay-in-full card has no preset spending limit, so it can adapt to businesses’ needs based on their spending behavior, payment history, credit profile and other factors. The card launched in August of last year. Even though it is technically a cash back card, you can convert the cash back to miles if you have another eligible miles earning card. You can read my full review here. And now let’s get into the details of this huge new signup bonus.

Early Spend Bonus

• For a limited time, earn up to a $3,000 cash bonus;
  • $500 once you spend $5,000 in the first 3 months, and
  • $2,500 once you spend $50,000 in the first 6 months.
• $150 Annual Fee
• LEARN MORE

Card Details

• Earn unlimited 2% cash back for your business on every purchase, everywhere, no limits or category restrictions.
• Pay-in-Full Card. There’s no APR because your balance is due in full every month. Otherwise, you’ll be charged a 2.99% monthly late fee.
• Spark 2% Cash Plus adapts to your needs based on spending behavior, payment history and credit profile.
• Earn an annual $200 cash bonus every year you spend $200,000 or more.
• No Foreign Transaction Fees
• Add free employee cards
• Extended Warranty
• LEARN MORE

Guru’s Wrap-up

The Capital One Spark Cash Plus card launched with a bonus of $1,200. Now that bonus has been tripled almost and the spending requirement is still the same. You get $500 once you spend $5,000 in the first 3 months and an additional $2,500 once you spend $50,000 in the first 6 months.

Once you’re done with that spending you would also get $1,000 through the 2% cash back that you earn on every purchase. So you end up with a total of $4,000 in cash back. 

As for benefits, the card doesn’t offer a whole lot for the $150 annual fee. At least employee cards are free and there are no foreign transaction fees. Plus this card shouldn’t count towards your Chase 5/24 status.

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