Capital One recently released a $2,000 bonus for its Spark Cash business credit card. Now they have an even better bonus that is being send out to some customers by mail. You can earn a whopping $2,500 bonus, but the spending requirement is still huge. We saw these mailers last year as well.
Spark Cash $2,500 Bonus
- Earn a $1,000 cash bonus when you spend $10,000 in the first 3 months and $1,500 when you spend a total of $50,000 in the first 6 months of opening your account
$0 intro for the first year, $59 after that
- Earn unlimited 2% cash back on every purchase for your business
- No foreign transaction fees.
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. Then there’s the fact that Capital One business cards 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 $50K to get the bonus. That’s a lot of spending to be done in six months. But you’re still getting a great return for your spending if you manage to reach the $50K. That’a 7% on all your purchases and you add the 2% the card earns regularly.
This is the highest total bonus we have seen for this cards, but it is a targeted offer and the spending requirement is probably out of reach for many.
The Spark Miles card has a public bonus of 200,000 miles, and with the transfer partners option, it could be more interesting for some people.