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Capital One Spark Cash Plus Business Credit Card - $3000 sign-up bonus on $50k/6 month spend
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.
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.
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Is this correct?
So if you spend just 5k, you'll get $100 cash back and $500 bonus. $100+$500-$150 fee = $450 for spending 5k which is 9%. Most people can easily spend 5k.
$100 a pop, huh? This would be $450 for 5k spend.
I've spent tons of $ on a bunch of business cards with various banks.
None of them have ever cared what I spent it on.
I'm unclear how they'd have the slightest idea what spend is for business vs personal either as depending on the business you might need to buy nearly anything a person would.... nor in years of involvement in the churning community have I ever seen any notion of such a universal blacklist as you suggest.
Always open to sources correcting my understanding though. Got any?
Anyway, for those quibbling on if this is better or worst than some other signups, one thing being left out for those who can do the full amount-
You're getting $3850 net on 50k spend... which is "only" $385 per 5k instead of the say $500 per 5k some other signups offer...
But you're getting that 10 times with one new card.
The time, management, hard pulls, and 5/24 slots eaten by 10 new cards versus 1 also has significant value.
Even if you were doing the tax payment thing and were "only" getting around $310 per 5k (after the fees for tax payment via card) it's a pretty good deal versus opening 10 different cards.
But you are now ignoring that the number of cards you can open is largely limited by how many you have opened or applied for in the last two years.
Yes you can probably get 5 $100 ones. You may well not be approved for any more for 2 years. It isn't a hard rule but once you get past 5, it is harder to get good ones.
His point, and a very valid one is: you've now capped you earnings by opening a bunch of little ones.
If you are going to churn, you need to get the most dollars, not the best return on spend.
If you are limited in the amount of spend you can do or the amount you are willing to manufacturer, then the low hanging fruit might be best for you. That just isn't who this deal is best suited for.
Yes you can probably get 5 $100 ones. You may well not be approved for any more for 2 years. It isn't a hard rule but once you get past 5, it is harder to get good ones.
His point, and a very valid one is: you've now capped you earnings by opening a bunch of little ones.
If you are going to churn, you need to get the most dollars, not the best return on spend.
If you are limited in the amount of spend you can do or the amount you are willing to manufacturer, then the low hanging fruit might be best for you. That just isn't who this deal is best suited for.
I have no idea what you're talking about. I'm only getting this one card, not 5 others. You get $500 for spending $5k. That's $450 after 2% cashback and $150 AF. I don't plan on spending 50k.
Again IDK what you're talking about.
Again IDK what you're talking about.
$95 AF and $5k spend for way over $1,000 value -
https://creditcards.cha
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Again IDK what you're talking about.
That is clear. This card isn't for you. Move on.
For those of us that can blow through 50k in spend, opening the cards you are talking about is a waste of time and an accounting pain in the neck.
Just because you can't take advantage of this card doesn't make it a bad deal. It just makes it not for you.
For those of us that can blow through 50k in spend, opening the cards you are talking about is a waste of time and an accounting pain in the neck.
Just because you can't take advantage of this card doesn't make it a bad deal. It just makes it not for you.
It's almost like you have to hammer it home.
But you're getting that 10 times with one new card.
The time, management, hard pulls, and 5/24 slots eaten by 10 new cards versus 1 also has significant value.
For those of us that can blow through 50k in spend, opening the cards you are talking about is a waste of time and an accounting pain in the neck.
Just because you can't take advantage of this card doesn't make it a bad deal. It just makes it not for you.
I never said this was not a deal, you must be referring to someone else.
It's okay to get this card and get $450 for 9% cash back. You can do that without doing the 50k spend for 8%. They are independent of one another.
Just because someone doesn't want to spend 50k, doesn't mean you have to insult them. I don't want to spend 50k but that doesn't mean I don't have it either, so if you want to flex your e-penis wealth then do that somewhere else guy.
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This is a good cashback card if you want to spend 5k and get $450 after cash back and AF. That's 9%, great deal. Most people can do that.
Sure there are travel cards that offer better sign on bonuses. Not all of us travel during a pandemic, so this cash back bonus is the next best thing.