Capital One® Spark® Cash Plus Review for 2022
Tricia has nearly two decades of experience in commercial and federal government lending. Her expertise is highlighted throughout small business loan content on Fit Small Business.
Nancy Fernandez is a Credit Card and Insurance Expert at Fit Small Business, specializing in business credit cards and business insurance.
This article is part of a larger series on Best Small Business Credit Cards.
Capital One® Spark® Cash Plus is an excellent credit card designed for businesses that can pay their balance in full every month. This pay-in-full card offers unlimited 2% cash back rewards on all business-related purchases. It doesn’t have a preset credit limit, which means your credit limit adapts to your needs based on your spending behavior, payment history, and credit profile.
If you wish to compare one card over another, select a maximum of three cards on this page and click Add to compare to view the details in a side-by-side comparison.
Capital One® Spark® Cash Plus Card
BEST FOR:
Businesses that want purchasing power and can pay their balances in full every month
Intro APR
None
Regular APR
None. There's no APR because your balance is due in full every month. Otherwise, you'll be charged a 2.99% monthly late fee
Annual Fee
$150
Credit Needed
Excellent
- Earn unlimited 2% cash back for your business on every purchase, everywhere, no limits or category restrictions.
- Earn up to $1,000 in the first six months; $500 once you spend $5,000 in the first three months, and $500 once you spend $50,000 in the first six months.
- Earn an annual $200 cash bonus every year you spend $200,000 or more.
Pros
- No preset spending limit
- Up to $1,000 cash bonus
- Unlimited 2% cash back on all purchases
- Opportunity to earn annual cash bonus
Cons
- Requires an annual fee
- Need to pay in full every month
- Requires excellent credit
- $0 foreign transaction fee: No foreign transaction fees on purchases made outside of the United States
- $0 fraud liability: Advance emergency replacement for lost and stolen card plus cash advance
- Roadside assistance: Emergency services such as jump-starting, tire changing, and towing
Intro APR
None
Regular APR
None. There's no APR because your balance is due in full every month. Otherwise, you'll be charged a 2.99% monthly late fee
Annual Fee
$150
Credit Needed
Excellent
- Earn unlimited 2% cash back for your business on every purchase, everywhere, no limits or category restrictions.
- Earn up to $1,000 in the first six months; $500 once you spend $5,000 in the first three months, and $500 once you spend $50,000 in the first six months.
- Earn an annual $200 cash bonus every year you spend $200,000 or more.
Pros
- No preset spending limit
- Up to $1,000 cash bonus
- Unlimited 2% cash back on all purchases
- Opportunity to earn annual cash bonus
Cons
- Requires an annual fee
- Need to pay in full every month
- Requires excellent credit
- $0 foreign transaction fee: No foreign transaction fees on purchases made outside of the United States
- $0 fraud liability: Advance emergency replacement for lost and stolen card plus cash advance
- Roadside assistance: Emergency services such as jump-starting, tire changing, and towing
How We Evaluate Pay-in-full Business Credit Cards
When grading pay-in-full business credit cards like the Capital One® Spark® Cash Plus, we consider the annual fee first. Then we look at the card’s rewards, additional features, penalties, and other fees.
Grading Criteria | Card Score | Highest Possible Score |
|---|---|---|
Annual Fee | 15 | 30 |
Ongoing Rewards | 20 | 20 |
Introductory Rewards | 20 | 20 |
Penalties | 10 | 15 |
Other Fees | 10 | 10 |
Additional Features | 5 | 5 |
Total Score | 80 | 100 |
Who the Capital One® Spark® Cash Plus Is Best For
- Business owners who can pay their balance in full every month: Capital One® Spark® Cash Plus requires full monthly payments; otherwise, you’ll be charged penalties, and your account will be considered past due.
- Business owners who need a flexible credit limit: With the Capital One® Spark® Cash Plus card, you won’t have a preset spend limit because your credit limit adapts to your needs and spending and payment behavior.
If you think this card doesn’t fit your business needs, check out our guides to the best Capital One business credit cards and top small business credit cards. Alternatively, you can check our Credit Card Marketplace to find the right card for your business.
Capital One® Spark® Cash Plus Fees
- Introductory annual percentage rate (APR): None
- Ongoing APR: Not applicable—balance due in full every month
- Annual fee: $150
- Balance transfer fee: Not applicable
- Foreign transaction fee: None
- Cash advance fee: Either $10 or 3% of the amount of each cash advance, whichever is greater
- Late payment: 2.99% of the outstanding statement balance
Capital One® Spark® Cash Plus Rewards
- Welcome offer: Earn up to $1,000 in the first six months after opening an account—$500 after you spend $5,000 in the first three months and $500 after you spend $50,000 in the first six months.
- Get 2% cash back on all business-related purchases without limits or category restrictions.
- Unlimited 5% cash back on hotels and rental cars booked through Capital One Travel.
- You can earn a $200 cash bonus each year after spending a minimum of $200,000 in net purchases by your rewards membership anniversary. This will be applied within two billing cycles following your rewards membership anniversary date.
You can redeem your cash back upon request in the form of a statement credit, a check, credits for previous purchases, or gift cards. You can also set up an automatic redemption at a set time each calendar year or when a specific threshold has been reached ($25, $50, $100, $200, $500, or $1,500).
How To Make Payments on the Capital One® Spark® Cash Plus
- Capital One Mobile: Use the Capital One Mobile app, which is available for Apple and Android users, to make a payment.
- Phone: Call the number on the back of your credit card.
- Online: Log in to your Capital One account and select “Make a payment” to pay for your Capital One® Spark® Cash Plus.
- Nearest Capital One bank: Go to the nearest Capital One bank by looking for the nearest branch within your area.
- Mail: Send a check by United States mail using this address:
Capital One
Attn: Payment Processing
PO Box 71083
Charlotte, NC 28772-1083
- Overnight*: When sending overnight, use this address:
Capital One
Attn: Payment Processing
6125 Lakeview Rd., Ste. 800
Charlotte, NC 28269
*Note: US Postal Service Priority mail usually doesn’t get delivered straight to a payment processing center and may not get processed the next day. To ensure overnight delivery and processing, make sure to use an express mail service like FedEx, UPS, or DHL, among others.
Capital One® Spark® Cash Plus Features
Managing Accounts
- Purchase records: Can quickly and securely download your records in multiple ways such as via Quicken, QuickBooks, and Excel.
- Year-end summaries: Get an itemized report of your spending to help simplify budgeting and tax time.
- Payment flexibility: Pick your preferred monthly due date to control when to pay your credit card bill.
- Free employee cards and spend limits: Track employee spending while earning all rewards from their purchases. At the same time, you can set customized spending limits for each employee card.
Travel
- No foreign transaction fees: No need to pay foreign transaction fees on purchases made outside of the US.
- Roadside assistance: Capital One offers services to help you during auto-related emergencies, such as jump-starting, tire changing, and towing).
- Capital One Travel: Get the best prices on thousands of trip options, and pay flexibly with your rewards, a card, or both.
Service and Protection
- Fraud and security alerts: Get an email, text, or call if Capital One detects potential suspicious transactions or charges made on your account.
- Extended warranty: Get free additional warranty and protection on selected items that were purchased with your card
- Card lock: Lock your card or an employee’s if it has been misplaced, lost, or stolen.
Pros & Cons of the Capital One® Spark® Cash Plus
| PROS | CONS |
|---|---|
| No preset spending limit: With Capital One® Spark® Cash Plus, your credit limit will adjust based on your credit, usage, and payment history. This is a great feature for those who need a flexible credit limit for business use. | With annual fee: The Capital One® Spark® Cash Plus charges a $150 annual fee, which adds to your annual cost. |
| Up to $1,000 cash bonus: Among all the Capital One business credit cards, the Capital One® Spark® Cash Plus offers the biggest cash bonus, which is up to $1,000, after you meet the spending requirements. | Need to pay in full every month: You need to pay your balance in full every month or you’ll be charged a monthly penalty of 2.99% of your statement balance, and your account will be considered past due. |
| Unlimited 2% cash back on all purchases: You can earn unlimited 2% cash back on all business-related purchases using your Capital One® Spark® Cash Plus card. The cash back reward is fixed, so you don’t need to keep track of spending categories. | Requires excellent credit: This credit card is only available to those with excellent credit, with a minimum credit score of 750. If your credit is below excellent, consider other credit card options, such as the Capital One® Spark® Cash Select Good Credit or Capital One® Spark® Cash Select Good Credit. |
| Opportunity to earn annual cash bonus: You can earn an annual $200 cash bonus when you spend $200,000 or more. | |
Capital One® Spark® Cash Plus Alternatives
Capital One® Spark® Cash Select Excellent Credit
Capital One® Spark® Cash Select Excellent Credit is an alternative card to consider, as it offers fixed-rate cash back of 1.5% on every purchase, doesn’t charge annual fees, and has a $500 signup bonus after spending $4,500 on purchases within the first three months after opening an account. However, it doesn’t have an introductory 0% APR and requires a credit score of at least 720 to qualify.
Capital One® Spark® Cash Select Excellent Credit
BEST FOR:
Businesses with excellent credit that want a lower ongoing APR
Intro APR
N/A
Regular APR
13.24%, 16.24% or 19.24%
Annual Fee
None
Credit Needed
Excellent
- Earn unlimited 1.5% cash back for your business on every purchase, everywhere, no limits or category restrictions.
- Earn a one-time $500 cash bonus once you spend $4,500 on purchases within the first three months from account opening.
- Enjoy a $0 annual fee in addition to the big rewards and cash bonus you can earn.
Pros
- No annual fee
- $500 sign-up bonus when you spend $4,500 within three months
- Protection against lost or stolen cards
Cons
- No 0% intro APR
- Requires excellent credit
- May do a hard pull of your credit at application
- $0 foreign transaction fee: No foreign transaction fees on purchases made outside of the United States
- $0 fraud liability: Advance emergency replacement for lost and stolen card plus cash advance
- Roadside assistance: Emergency services such as jump-starting, tire changing, and towing
Intro APR
N/A
Regular APR
13.24%, 16.24% or 19.24%
Annual Fee
None
Credit Needed
Excellent
- Earn unlimited 1.5% cash back for your business on every purchase, everywhere, no limits or category restrictions.
- Earn a one-time $500 cash bonus once you spend $4,500 on purchases within the first three months from account opening.
- Enjoy a $0 annual fee in addition to the big rewards and cash bonus you can earn.
Pros
- No annual fee
- $500 sign-up bonus when you spend $4,500 within three months
- Protection against lost or stolen cards
Cons
- No 0% intro APR
- Requires excellent credit
- May do a hard pull of your credit at application
- $0 foreign transaction fee: No foreign transaction fees on purchases made outside of the United States
- $0 fraud liability: Advance emergency replacement for lost and stolen card plus cash advance
- Roadside assistance: Emergency services such as jump-starting, tire changing, and towing
American Express Blue Business CashTM
American Express Blue Business CashTM card offers a 0% introductory APR for the first 12 months after account opening, then a variable rate, 16.24% to 24.24%, based on your creditworthiness and other factors as determined at the time of account opening. This card made our evaluation of the best credit cards for new businesses with no credit history as it also gives you 2% cash back on all eligible purchases up to $50,000 per calendar year, then 1% cash back after that. However, it should be noted that this card charges a foreign transaction fee of 2.7% in US dollars.
American Express Blue Business Cash™ Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
Intro APR
0% on purchases
Regular APR
16.24% - 24.24% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us and other factors.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 16.24% - 24.24%, based on your creditworthiness and other factors as determined at the time of account opening.
- No Annual Fee
- Terms Apply
Pros
- 0% intro APR
- Welcome bonus
- Fixed rate rewards
- No annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power, when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter.
Intro APR
0% on purchases
Regular APR
16.24% - 24.24% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us and other factors.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 16.24% - 24.24%, based on your creditworthiness and other factors as determined at the time of account opening.
- No Annual Fee
- Terms Apply
Pros
- 0% intro APR
- Welcome bonus
- Fixed rate rewards
- No annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power, when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter.
Commerce Bank Visa Business Platinum Card
Commerce Bank Visa Business Platinum Card offers fixed-rate regular APR on purchases and cash advances at 10.90% and doesn’t charge any annual and foreign transaction fees. It also lets you earn unlimited cash back on all purchases, which can be redeemed as a statement credit. It should be noted that Commerce Bank only serves customers in Missouri, Kansas, Illinois, Oklahoma, and Colorado.
Commerce Bank Visa Business Platinum Card
Intro APR
N/A
Regular APR
10.90% variable
Annual Fee
$0
Credit Needed
Good, Excellent
- Our Business Platinum Card is designed to give you the ability to adapt to your ever-changing needs as a business owner.
- No annual fee
- Low APR and an extended grace period
- Set individual credit limits for employees
Pros
- No annual fees
- No foreign transaction fee
- Has lower than average regular APR
Cons
- No sign-up bonus
- No introductory APR
- Only serves customers in selected states
- Doesn’t have many features
- Suspicious Card Activity Alert: After signing up for Suspicious Card Activity Alerts in Online Banking, a text message will be sent if your Commerce Bank credit card transaction is flagged due to potentially suspicious activity
- Lock Your Card: Can temporarily block new purchases and ATM withdrawals, without interrupting recurring payments
- Zero Liability Coverage: You’ll be protected from unauthorized transactions via Visa Zero Liability at no additional cost
Intro APR
N/A
Regular APR
10.90% variable
Annual Fee
$0
Credit Needed
Good, Excellent
- Our Business Platinum Card is designed to give you the ability to adapt to your ever-changing needs as a business owner.
- No annual fee
- Low APR and an extended grace period
- Set individual credit limits for employees
Pros
- No annual fees
- No foreign transaction fee
- Has lower than average regular APR
Cons
- No sign-up bonus
- No introductory APR
- Only serves customers in selected states
- Doesn’t have many features
- Suspicious Card Activity Alert: After signing up for Suspicious Card Activity Alerts in Online Banking, a text message will be sent if your Commerce Bank credit card transaction is flagged due to potentially suspicious activity
- Lock Your Card: Can temporarily block new purchases and ATM withdrawals, without interrupting recurring payments
- Zero Liability Coverage: You’ll be protected from unauthorized transactions via Visa Zero Liability at no additional cost
Bottom Line
Capital One® Spark® Cash Plus is a great option for businesses that can pay their balances in full every month and those that need a flexible credit card. Not only does it offer a welcome bonus of $500 after spending $5,000 within the first three months and another $500 after spending $50,000 within the first six months, but it also lets you earn 2% cash back on all business-related purchases without limits or category restrictions. If you can’t commit to paying your full balance monthly, it’s best to find another card that offers a low ongoing APR.
If this isn’t the right card for you, compare these top credit cards to find one that’s a better fit for your business.
