Capital One Spark Cash Plus Review, A Charge Card with $1K Bonus and 2% Cash Back

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Capital One Spark Cash Plus

Capital One Spark Cash Plus Review

Capital One has officially launched a new charge card. The Capital One Spark Cash Plus Credit Card has no fixed spending limit and you must pay your balance in full every month. It also has a big signup bonus and earns 2% cash back on every purchase. The Capital One Spark Cash Plus Credit Card comes with a $150 annual fee.

It replaces the old Capital One Spark Cash for Business card, which is now no longer available to new applicants (if you have the Spark Cash card, you get to keep it). Let’s check more details about the new card in this Capital One Spark Cash Plus review.

Welcome Bonus

Apply now for the Capital One Spark Cash Plus Credit Card and get a $1,000 Cash Bonus within the first six months of card membership.

  • Get $500 once you spend $5,000 in the first 3 months.
  • Get an additional $500 once you spend $50,000 in the first 6 months.
  • You also earn an annual $200 cash bonus if you spend $200,000 or more.
  • Credit Level Required: Good/Excellent
  • LEARN MORE

Capital One Spark Cash Plus bonus

Card Highlights

  • Earn unlimited 2% cash back for your business on every purchase, everywhere, no limits or category restrictions.
  • Earn an annual $200 cash bonus every year you spend $200,000 or more.
  • No Preset Spending Limit
  • No foreign transaction fees
  • Free employee cards 

How This Charge Card Works

The card has no preset spending limit. Instead, the limit on your Capital One Spark Cash Plus card is determined by several factors, including spending history, credit score and more. There’s no APR either, because your balance is due in full every month and you can’t carry a balance.

But what happens if you don’t pay in full at the end of the month? You get charged a late fee of 2.99% on your outstanding statement balance. Your account will be considered past due until you pay the previous month’s balance in full.

Annual Fee

The Capital One Spark Cash Plus Credit Card comes with a $150 annual fee. It is not waived the first year.

Capital One Spark Cash Plus Review: Guru’s Wrap-up

Capital One has refreshed its business credit card lineup, and the new Spark Cash Plus replaces the Spark Card which is now no longer available to new applicants. The card comes with a big bonus of $1,000 but you also need to spend a large amount.

You get $500 once you spend $5,000 in the first 3 months and an additional $500 once you spend $50,000 in the first 6 months. Once you’re don’t with that spending you would also get $1,000 through the 2% cash back that you earn on every purchase. If you can manage to spend $200,000 or more within a year, you can get another $200 bonus, which is an annual benefit. However we saw a $1,200 bonus before the card was officially launched, which might be worth waiting for.

As for benefits ,the card doesn’t offer much for the $150 annual fee. At least employee cards are free and there are no foreign transaction fees

DannyDealGuru has partnered with CardRatings for our coverage of credit card products. DannyDealGuru and CardRatings may receive a commission from card issuers. Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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