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Capital One Spark Cash Plus Business Credit Card - $3000 sign-up bonus on $50k/6 month spend

+20 Deal Score
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You need to spend $50k in 6 months on this card to get the $3,000 bonus. If you can't charge that much, or can't manufacture that spend, move along. This isn't a card for a college kid. This is a brand new offer, and is time limited (no mention of when it expires).

2% cashback on everything, no categories. $150 annual fee. Can't tell if it hits you with the AF on application, but assuming it does, you'll clear $3850 in 6 months with the $50k spend. That's nearly 8% (back of the napkin calc), which is the highest I've ever seen on a card bonus. This is a GOOD deal. I'd probably churn this and drop the card at year 1 unless they waive AF in year 2.

Yes, this is a business card but the prevailing wisdom is that anyone can get one. You sell on eBay? Congrats, you own a business.

https://www.capitalone.com/small-...cash-plus/
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These 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. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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Joined Sep 2010
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> bubble2 1,327 Posts
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sandamn12
01-25-2022 at 10:21 AM.
01-25-2022 at 10:21 AM.
Some car dealers allow you to charge full amount as long as you pay 3% or so fee, might be an option if already in the market
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Joined Jul 2006
L10: Grand Master
> bubble2 8,351 Posts
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Original Poster
fbueller
01-25-2022 at 10:23 AM.
01-25-2022 at 10:23 AM.
Quote from sandamn12 :
Some car dealers allow you to charge full amount as long as you pay 3% or so fee, might be an option if already in the market
I've charged lease down payments using a card with no fee, but the monthly won't take a cc. Other options -

Pay estimated taxes/regular taxes with the card. Fee is 1.87%, so you actually make money on the float and increase your reward spend.
Use Plastiq to pay rent/mortgage. It has a 2.87% fee, but the .87% on 50k is pretty small relative to the reward so it's still worth it.
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Joined Sep 2010
L6: Expert
> bubble2 1,327 Posts
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sandamn12
01-25-2022 at 10:24 AM.
01-25-2022 at 10:24 AM.
Quote from fbueller :
I've charged lease down payments using a card with no fee, but the monthly won't take a cc.

I meant paying for the car itself or down-payment for the car if over 50k
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Joined Jul 2006
L10: Grand Master
> bubble2 8,351 Posts
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Original Poster
fbueller
01-25-2022 at 10:27 AM.
01-25-2022 at 10:27 AM.
Quote from sandamn12 :
I meant paying for the car itself or down-payment for the car if over 50k
I got that - just trying to throw out other ideas along those lines. nod
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Joined May 2015
L5: Journeyman
> bubble2 639 Posts
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addictedsaver
01-25-2022 at 10:46 AM.
01-25-2022 at 10:46 AM.
Worth mentioning that this is a charge card.

Also if you have a CapOne miles card, you can transfer the cash back to miles and use it with travel partners. That will get you even more value that $4k if you're know what you're doing with loyalty programs.
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Joined Nov 2013
L1: Learner
> bubble2 18 Posts
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JenniferK9090
01-25-2022 at 11:05 AM.
01-25-2022 at 11:05 AM.
Would I be able to pay a loan off
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Joined May 2021
L3: Novice
> bubble2 104 Posts
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RisingNexus
01-25-2022 at 11:17 AM.
01-25-2022 at 11:17 AM.
Is the $3000 taxable?
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Joined May 2015
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> bubble2 639 Posts
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addictedsaver
01-25-2022 at 11:18 AM.
01-25-2022 at 11:18 AM.
Quote from RisingNexus :
Is the $3000 taxable?

No, it's not.
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Joined Feb 2017
L4: Apprentice
> bubble2 484 Posts
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nellenbu
01-25-2022 at 11:23 AM.
01-25-2022 at 11:23 AM.
Quote from njguy545 :
Get yourself in 50k debt but u get to keep $300 is not a good idea

Obviously it would only make sense if you're spending the $50k anyway.
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Joined Jan 2007
L10: Grand Master
> bubble2 28,289 Posts
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cgigate
01-25-2022 at 11:23 AM.
01-25-2022 at 11:23 AM.
Quote from sandamn12 :
Some car dealers allow you to charge full amount as long as you pay 3% or so fee, might be an option if already in the market
will use it for CyberTruck
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Joined Jul 2006
L10: Grand Master
> bubble2 8,351 Posts
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Original Poster
fbueller
01-25-2022 at 11:28 AM.
01-25-2022 at 11:28 AM.
Quote from njguy545 :
Get yourself in 50k debt but u get to keep $300 is not a good idea
$3,000, not $300. Also, this is a charge and not credit card, so you have to pay it off every month. This deal isn't for amateurs.
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Joined Sep 2014
L3: Novice
> bubble2 568 Posts
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Evils
01-25-2022 at 11:29 AM.
01-25-2022 at 11:29 AM.
Prepay $50k in taxes for a 1.87% fee, get back 2% + Welcome bonus and get your money back through your taxes. Win win win?
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