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

+20 Deal Score
43,002 Views
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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Deal
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+20
43,002 Views
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 Dec 2012
L3: Novice
> bubble2 169 Posts
80 Reputation
dowayne
02-02-2022 at 07:40 AM.
02-02-2022 at 07:40 AM.
Would have been great for me if I did not already have this card. I have the older one though same 2% but $99 annual fee
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Joined Mar 2015
L2: Beginner
> bubble2 38 Posts
18 Reputation
MarkN12
02-02-2022 at 10:01 AM.
02-02-2022 at 10:01 AM.
Quote from dowayne :
Would have been great for me if I did not already have this card. I have the older one though same 2% but $99 annual fee

I also have the older spark business card with 2% cash back and $99 annual fee. I called Capital One, and they said this spark business Plus card is a different product and you can have both including the sign on bonus
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Joined Dec 2008
L5: Journeyman
> bubble2 768 Posts
111 Reputation
GCS
02-03-2022 at 07:38 AM.
02-03-2022 at 07:38 AM.
Highly considering this card. Own 3 businesses (real ones) and considering just charging myself the 50k. I would lose a little over 2% due to my fees but there would be no waiting for the funds to come back from a tax refund or anything else.

With the bonus offer, the cash back on 50k, less the CC fees and annual fee I would still make close to 3k. Seems kind of silly not to do this deal.

Can I ask for the cashback in the form of a check or a direct deposit or does it need to be done as a statement credit
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Joined Nov 2008
L10: Grand Master
> bubble2 13,000 Posts
4,553 Reputation
575rider
02-05-2022 at 12:00 PM.
02-05-2022 at 12:00 PM.
Quote from fbueller :
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/

Hilarious. And great deal. Been using the Fidelity 2% card for years, and will continue to, but might as well grab this for the bonus.
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Joined Apr 2015
L1: Learner
> bubble2 22 Posts
10 Reputation
KungFuJoe03
02-07-2022 at 06:00 PM.
02-07-2022 at 06:00 PM.
I know it's been mentioned already but you also get $500 back for spending 5k in 3 months. You can then get an additional $2500 back if you spend another 45k within 6 months. Sounds like a great deal for someone who can do the 5k in 3 months unless I'm missing something?
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Joined Jul 2006
L10: Grand Master
> bubble2 8,351 Posts
4,296 Reputation
Original Poster
fbueller
02-07-2022 at 06:08 PM.
02-07-2022 at 06:08 PM.
Finally applied last night and was approved, but after an hour of talking to their upper management they wouldn't expedite the card. Hmmmm. Still, looking forward to the bonus on this one.
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Joined Jul 2006
L10: Grand Master
> bubble2 8,351 Posts
4,296 Reputation
Original Poster
fbueller
02-07-2022 at 06:08 PM.
02-07-2022 at 06:08 PM.
Quote from KungFuJoe03 :
I know it's been mentioned already but you also get $500 back for spending 5k in 3 months. You can then get an additional $2500 back if you spend another 45k within 6 months. Sounds like a great deal for someone who can do the 5k in 3 months unless I'm missing something?
True, but $300 is a pretty low bonus amount. You usually don't want to ding your credit for that little, you can do better right now.
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Joined Nov 2011
Archduke of Totality
> bubble2 666 Posts
61 Reputation
abramowicz
02-08-2022 at 06:00 PM.
02-08-2022 at 06:00 PM.
Capital one is cancer, utter CS and security incompetence, stay away for your own good.
Reply
Joined Apr 2017
L2: Beginner
> bubble2 46 Posts
14 Reputation
BertrmaH
02-08-2022 at 06:21 PM.
02-08-2022 at 06:21 PM.
Have Old Spark Card couldn't pass this offer as spending 50k is not a problem for business postage need, Applied and got approved instantly , New Card is on the way and account is already linked to existing username
Thanks for the post just made 3K
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Joined Apr 2017
L2: Beginner
> bubble2 46 Posts
14 Reputation
BertrmaH
02-08-2022 at 06:23 PM.
02-08-2022 at 06:23 PM.
Quote from abramowicz :
Capital one is cancer, utter CS and security incompetence, stay away for your own good.

My experience is different , had to call them May be 3-4 times in 5 years and always had person on the line who knew exactly how to take care of the issue
Reply
Joined Dec 2010
L6: Expert
> bubble2 1,668 Posts
112 Reputation
matrix5k
02-09-2022 at 06:51 AM.
02-09-2022 at 06:51 AM.
Quote from fbueller :
True, but $300 is a pretty low bonus amount. You usually don't want to ding your credit for that little, you can do better right now.

It's $500 not $300. What other card offers $500 cash bonus? I've done many credit pulls over the years for lower bonus amounts. My credit score has always been 790+.
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Joined Dec 2010
L6: Expert
> bubble2 1,668 Posts
112 Reputation
matrix5k
02-09-2022 at 06:52 AM.
02-09-2022 at 06:52 AM.
Quote from KungFuJoe03 :
I know it's been mentioned already but you also get $500 back for spending 5k in 3 months. You can then get an additional $2500 back if you spend another 45k within 6 months. Sounds like a great deal for someone who can do the 5k in 3 months unless I'm missing something?
Nope $450 (after $100 cashback + $150 fee) for 5k spend is fantastic.

The only responses I got was "move on this deal is not for you" 🙄
Reply
Last edited by matrix5k February 9, 2022 at 06:55 AM.
Joined Jul 2006
L10: Grand Master
> bubble2 8,351 Posts
4,296 Reputation
Original Poster
fbueller
02-09-2022 at 08:49 AM.
02-09-2022 at 08:49 AM.
Has anyone successfully gotten them to expedite the card? I was on with them for an hour and they couldn't, I need to wait 2 weeks. That's a lot of lost time on that spend amount. Is there any way anyone has found to retrieve the full card # before the card arrives?
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Joined Nov 2011
Archduke of Totality
> bubble2 666 Posts
61 Reputation
abramowicz
02-09-2022 at 02:42 PM.
02-09-2022 at 02:42 PM.
Quote from BertrmaH :
My experience is different , had to call them May be 3-4 times in 5 years and always had person on the line who knew exactly how to take care of the issue
Well, my experience is that they have screwed up my application so that he rep I called to check when the card will arrive has reported it stolen without my consent, only to issue another one that will arrive even later. Furthermore, they now have the account locked until I send them all kinds of personal information, that they will probably leak in another security breach, like the one from 2019.

This is not new, as they have screwed up the savings/checking account I used to have with them in the past, and it took some work to have it straightened out and closed. I was reluctant to give them another try, and I should have listened to my doubt. Let the buyer beware.
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Joined Apr 2017
L2: Beginner
> bubble2 46 Posts
14 Reputation
BertrmaH
02-09-2022 at 08:02 PM.
02-09-2022 at 08:02 PM.
Quote from abramowicz :
Well, my experience is that they have screwed up my application so that he rep I called to check when the card will arrive has reported it stolen without my consent, only to issue another one that will arrive even later. Furthermore, they now have the account locked until I send them all kinds of personal information, that they will probably leak in another security breach, like the one from 2019.

This is not new, as they have screwed up the savings/checking account I used to have with them in the past, and it took some work to have it straightened out and closed. I was reluctant to give them another try, and I should have listened to my doubt. Let the buyer beware.

No to be rude , but all of our information is already out there we think only we know but World Wide Web knows everything and what so funny is that we provide this info ourself using our gadgets , search your name or your phone no online and any one can buy your entire history by paying $10-$30 ( except the social security no, thats out there too you just need to look for it )
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