Spark Cash Plus: What to know

The Capital One Spark Cash Plus card offers all the best-in-class rewards Capital One is known for—with the added benefit of earning unlimited 2% cash back on all purchases. And with no preset spending limit, the Capital One Spark Cash Plus card provides the flexibility you require to meet your business’s purchasing needs.

If you’re a business owner looking to earn cash back on every purchase—along with flexible rewards, first-in-class benefits and features designed to help support your business as it continues to grow—Spark Cash Plus may be the right business card for you. Keep reading to learn more.

What you’ll learn:

• Spark Cash Plus from Capital One is a flat-rate cash back rewards card.

• It provides straightforward rewards for businesses looking to maximize their spending without category restrictions. 

• Spark Cash Plus gives businesses the purchasing power and flexibility they need, all without a preset spending limit.

• With Spark Cash Plus, business owners can access account management and security features to support them as they grow.

• Applying for the Spark Cash Plus card can be done online—and you’ll find out if you’re approved almost immediately.

Capital One Business cardholders already enjoy a range of benefits designed to make travel and business experiences easier and more rewarding.

In addition, the Spark Cash Plus card offers the following:

If you’re a business owner who values simplicity and flexibility in rewards, this card delivers. Cardholders earn unlimited 2% cash back at a flat rate on every purchase, everywhere—with no limits or category restrictions.

The Spark Cash Plus has attractive welcome offers for business owners who want to maximize rewards right from the start. For example, you can earn a $2,000 cash bonus when you spend $30,000 in the first 3 months. You can earn $4,000 or more in cash bonuses. Plus, earn an additional $2,000 bonus for every $500,000 spent in the first year, which can be a great way to supercharge your first-year rewards.

Spark Cash Plus combines the flexibility of a charge card with no preset spending limit. It adjusts to your needs based on your spending behavior, payment history and credit profile. Just remember: Like any charge card, you’ll want to pay your balance in full every month.

With Spark Cash Plus, earning rewards is simple and effortless. Even better, the $150 annual fee is refundable when you spend at least $150,000 annually, giving business owners the opportunity to enjoy this premium card at no additional cost. 

Designed to support your business as it grows, Spark Cash Plus helps you focus on what really matters—scaling your business. Here’s how:

With Spark Cash Plus, you can access account management resources like itemized reports of your spending and you can purchase records, available in a range of formats including Quicken®, QuickBooks® and Excel®. And if you need even more account management support, you can assign an account manager to handle purchases and payments and even review transactions for you.

With free employee cards, you can earn rewards on every purchase your team makes. You can also set spending limits for each employee’s card and monitor every transaction—in real time.

These features allow you to streamline your financial management and stay organized so you can focus on growing your business.

You can connect your Capital One Business account to our Accounts Payable service to manage your accounts payable process more efficiently.

Your Spark Cash Plus for business card is also equipped with security features that help safeguard your account, including:

If Capital One detects potential suspicious transactions or errors on your account, you will receive instant notifications via text, email or phone. These alerts allow you to verify the activity quickly and take all the necessary steps to maintain your account’s security.

Spark Cash Plus cardholders enjoy added layers of protection and $0 fraud liability. For example, if your or an employee’s card is lost or stolen:

• Capital One will send an emergency replacement card and a cash advance—if needed. 

• Once enabled, the card lock feature immediately freezes the lost or stolen card and prevents unauthorized transactions. 

Another security benefit of Spark Cash Plus is free virtual card numbers for online purchases, which enhance your security online and reduce your business’s fraud risk. 

Some purchases made with your card may qualify for free additional warranty coverage to help protect your business investments and provide added peace of mind.

Spark Cash Plus cardholders enjoy unlimited 2% cash back rewards that never expire for the life of their account. But that’s not all—cardholders also earn 5% cash back on hotels and rental cars booked through Capital One Travel and enjoy even more travel benefits, such as:

• $0 foreign transaction fees

• Roadside assistance to help during auto emergencies while you’re traveling

• The best prices on thousands of trip options, which can be paid with rewards, your Spark Cash Plus card or both

Ready to apply? First, consider these questions: Does your business need large spend capacity and want big cash rewards? Do you need the flexibility of no preset spending limit? Are you well established in your industry and looking to grow further? 

If you answered yes to any of these, you can fill out an application online. Capital One will attempt to provide a decision in 60 seconds or less, and if approved, you should receive your Capital One card and welcome materials within 7 to 10 business days by mail.

To complete the application, you’ll need to have the following personal information handy:

• Email address

• Legal first and last names

• Date of birth

• Social Security number (SSN) or individual taxpayer identification number (TIN)

• Residential address and phone number

• Total annual income

• Monthly rent/mortgage

You’ll also need to have the following business information on hand:

• Business legal structure

• Legal business name

• Business address and phone number

• Employer identification number (EIN)

• Annual business revenue

• Business spend per month

Capital One Spark Cash Plus for business offers unlimited 2% cash back on all purchases with a rewards structure that allows cardholders to earn up to $4,000 in bonuses by spending $500,000 within the first year.

And with no preset spending limit, the card offers flexible purchasing power for businesses that are established or ready to scale. If you’re ready to take the next steps, compare business cards from Capital One and find the card with the features and benefits that best suit your business’s needs. You can even see if you’re pre-approved before applying without harming your credit.