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Capital One Spark Cash Plus

Cory Santos

| Last updated on March 5th, 2024

Capital One Spark Cash Plus

Capital One Spark Cash Plus
BestCards refers to a variation of FICO Score 9, which is one of many different types of credit scores. A financial institution may use a different score when deciding whether to approve you for a credit card. Please note that the range shown here is our own estimation and not a guarantee of credit needed to be approved for any given card. Recommended Credit: Excellent
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$150 Annual Fee

Capital One Spark Cash Plus

At a Glance

The Capital One Spark Cash Plus offers unlimited 2% cash back, complimentary employee cards, and no preset spending limit. The business card, from Capital One, also features no foreign transaction fees and no hidden penalty fees, for an annual fee of $150.

  • Best Benefits
  • Rates & Fees
  • Why Should You Apply?
  • Earn up to a $1,000 cash bonus; $500 once you spend $5,000 in the first 3 months, and $500 once you spend $50,000 in the first 6 months of account opening
  • Earn unlimited 2% cash back on every purchase, everywhere-with no limits or category restrictions
  • Comes with no preset spending limit, so it can adapt to your needs based on your spending behavior, payment history and credit profile
  • Earn an annual $200 cash bonus every year you spend $200,000 or more-that's enough to cover your annual fee and then some
  • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel
  • Add employee cards for free, and earn unlimited 2% cash back from their purchases
  • $150 annual fee
  • Spark Cash Plus has no APR because your balance is due in full every month
  • Cash Advance Transaction Fee: 3% of the amount of the cash advance, but not less than $3
  • Annual Fee: $150
  • Late Payment Penalty Fee: 2.99% of the unpaid portion of your minimum payment
  • You want the flexibility of a business card with no preset spending limit
  • You want accelerated cash back on all purchases, without category restrictions
  • You plan to issue multiple employee cards
  • You want a card with no foreign transaction fees

In-Depth Review: Capital One Spark Cash Plus Credit Card

The Capital One Spark Cash Plus is a straightforward cash back credit card for small businesses that want accelerated rewards and no preset spending limit.

Who Can Benefit from the Card?

The Spark Cash Plus Card is ideal for business owners with high annual budgets who can take advantage of the generous 2% cash back on all purchases without worrying about spending caps or bonus categories. Additionally, business owners who prefer a simple, reliable way of earning rewards without the complexities of tracking rewards categories and juggling multiple cards, the Spark Cash Plus provides a straightforward flat-rate cash back and rewards credit card option.

Credit Needed

The Capital One Spark Cash Plus Card requires excellent credit for approval. The steeper credit requirements come from the inability to carry a balance with the card as well as its impressive cash back rewards.

Pay-In-Full Card

The Capital One Spark Cash Plus is unlike other Capital One Spark for Business cards because there is no preset spending limit. The lack of a spending limit makes the Spark Cash Plus more akin to a charge card or a business card offering from American Express, meaning the card adapts to a company’s needs based on spending behavior, payment history, and credit profile.

Because the card has no spending limit, it also features no set APR on purchases. With no APR, the full balance on the card is due every month. If the entire balance is not paid, businesses are charged a 2.99% monthly late fee for the unpaid balance.

Annual Fee Refund Opportunity

The Spark Cash Plus Card charges an annual fee of $150, and additional employee cards are free of charge. But Capital One gives companies the added benefit of recouping that annual fee when meeting yearly spending goals. Companies that make at least $150,000 in annual spending receive a $150 annual fee statement credit.

How to Earn Cash Back

The main selling point with the Cash Plus is the accelerated 2% cash back the card earns. Businesses enjoy an unlimited 2% cash back on every purchase, everywhere, with no limits or category restrictions. This cash back structure is the same as the Capital One® Spark® Cash for Business, just without the restrictions of a preset spending limit or a regular purchase APR.

How to Redeem Cash Back Rewards

Cash back through the Capital One Spark Cash Plus is redeemable through the Capital One Rewards program. The program offers solid value for money and offers several different award options. These options include:

  • Statement credits
  • Donations
  • Gift Cards
  • Merchandise
  • Travel
  • Points transfers with select partners

The obvious redemption option for those who get the card will likely be statement credits. Still, they will find significant value in this reward option. Plus, as the rewards earned with the Capital One Spark Cash Plus card do not expire, the race to decide what to redeem those points for is no longer an issue.

Other Card Benefits

Other notable Capital One Spark Cash Plus features include Zero Fraud Liability, auto rental damage waiver, purchase records, and year-end summaries. The card also comes with easy-to-use accounting tools –download purchase records quickly in Quicken®, QuickBooks™, and Excel® for seamless bookkeeping.


Spark Cash Plus Spark Cash Select Ink Business Cash® Ink Business Unlimited®
Issuer Capital One Capital One Chase Chase
Annual fee $150 $0 $0 $0
Rewards Earn 2% cash back on all purchases Earn 1.5% cash back on all purchases Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year Earn unlimited 1.5% cash back on all purchases
Employee cards Free Free Free Free

What We Like About the Card


Pay-in-full charge cards offer several benefits, including no interest charges and streamlined spend management. These features are perfect for medium-to-large companies with significant cash flow each month.

Annual Fee Rebate

Adding a $150 annual fee rebate is another great card benefit. This credit is ideal for companies with a significant annual spend on credit cards as it becomes a guaranteed bonus.

Things to Consider


While a charge card might make sense for businesses with significant cash flow or spending habits, it isn’t for companies of all sizes. Paying in full removes any option for financing significant purchases, like software or hardware updates. Make sure you carefully consider your company’s spending profile before applying to ensure the Spark Cash Plus is right for you.

Capital One Ratings

How does the Capital One rate as a lender? Here is a selection of expert reviews for Capital One and its business credit card products:

Should You Apply for the Capital One Spark Cash Plus?

The Capital One Spark Cash Plus is an intriguing small business credit card that provides the cash back potential of the Capital One® Spark® Cash without any preset spending limits. This versatility offers small- to medium-sized companies the purchasing power they need and the lucrative rewards they want.

Adding no preset spending limits also comes with a higher annual fee – $150 vs. the $95 annual fee with the Spark Cash (which also waives the fee for the first year). Companies that want a similar cash back rate can also consider the American Express Blue Business Cash™ Card. That card also earns you 2% back on all eligible purchases (on up to $50,000 per calendar year, then 1%. Terms apply) but features a variable purchase APR and no annual fee.

Overall, the Capital One Spark Cash Plus offers plenty for companies to love- but only if they really want the flexibility that comes with no set spending limit. Otherwise, Spark Cash is the better option, if only for that significantly reduced annual fee. Other business credit cards to consider include Chase’s Ink cards, including the Chase Ink Business Cash and the Ink Business Unlimited – both excellent cash back options.

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