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Capital One Spark 2% Cash Plus

Capital One Spark 2% Cash Plus

4.3WalletHub Rating

WalletHub Rating

4.3

This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Business - Earn Rewards." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.

Editor’s Rating

4.8

Market Comparison

4.2

fees: 2.9

rewards: 4.7

cost: 4.5

Other Features: 0.0

TermsReviewsFAQContact

WalletHub Rating

4.3/5

Capital One Spark 2% Cash Plus is a good business card that’s a particularly good fit for applicants who prefer cash back to travel rewards and plan to pay the bill in full every month. The Spark Cash Plus Card’s rewards are simple yet highly lucrative, as all cardholders earn 2% cash back on all purchases. That includes employee authorized users, for whom cards are free, by the way. New applicants can also earn an initial rewards bonus of up to $1,200. Info about the Capital One Spark 2% Cash Plus has been collected by WalletHub to help consumers better compare cards. The financial institution did not provide the details.

WalletHub Rating Breakdown

Editor’s Review

4.8/5

John Kiernan, Credit Card EditorRead full review

Market Comparison

4.2

The Market Comparison is a key component of the WalletHub Rating, as it measures how appealing the terms of a card are compared to a pool of over 1,500 credit card offers monitored by WalletHub. To ensure cards are evaluated for their most relevant purpose, we score each card across various cardholder needs and select the rating for the need with the highest score, which is “Business - Earn Rewards” for this card.

Fees

2.9

Rewards

4.7

Cost

4.5

Other Features

0.0

4.2/5

Compared against 1,500+ credit cards

KEY TERMS

Excellent Credit

Charge Card

This is a charge card and therefore the balance needs to be paid in full each month.

Capital One Spark Cash Plus Annual Fee

$150

Capital One Spark Cash Plus APR on Purchases

Not Applicable

Capital One Spark Cash Plus Balance Transfer

Balance Transfers Not Allowed

Capital One Spark Cash Plus Rewards

Earn a one-time cash bonus of $1,200 once you spend $30,000 in the first 3 months

Earn unlimited 2% cash back on every purchase, everywhere—with no limits or category restrictions

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

Capital One Spark Cash Plus' Additional Info

Info about the card has been collected by WalletHub to help consumers better compare cards. The financial institution did not provide the details.

Comes with no preset spending limit, so it can adapt to your needs based on your spending behavior, payment history and credit profile

Get your $150 annual fee refunded every year you spend at least $150,000.

Spark 2% Cash Plus has no APR because your balance is due in full every month

Learn More

at Capital One's secure site

Editor's Review
Fact checked

John Kiernan

March 21st, 2024

Fact Checked by Alina Comoreanu

Senior Researcher

Capital One Spark Cash Plus Pros & Cons

High rewards rate

Earn $1,200 initial rewards bonus

No foreign transaction fees

High membership fees

Requires excellent credit

Must be paid in full each month

Capital One Spark Cash Plus Review

Capital One Spark 2% Cash Plus is a good business card that’s a particularly good fit for applicants who prefer cash back to travel rewards and plan to pay the bill in full every month. The Spark Cash Plus Card’s rewards are simple yet highly lucrative, as all cardholders earn 2% cash back on all purchases. That includes employee authorized users, for whom cards are free, by the way. New applicants can also earn an initial rewards bonus of up to $1,200.

With those rewards in mind, the Capital One Spark Cash Plus Card’s annual fee seems like a bargain. It’s $150, and the value of the initial rewards bonus covers the cost of Spark Cash Plus annual fees for years.

The Spark Cash Plus business card is not perfect, however. For one thing, it requires you to pay the balance in full each month. Spark Cash Plus isn’t available to everyone, either. You need excellent credit to be approved.

Capital One Spark Cash Plus for Business Review Highlights

Big initial bonus. The Capital One Spark Cash Plus Card offers an initial bonus of $1,200 for spending $30,000 in the first 3 months. That’s one of the biggest cash-back bonuses available from any card, whether business or personal.
Simple, lucrative ongoing rewards. You won’t need to worry about how your expenses are categorized with the Spark Cash Plus for Business Card, as its earning rate doesn’t vary based on what you buy. Instead, you’ll earn 2% cash back on all purchases, which is about double what the average cash rewards card would give you. On top of that, cardholders can earn 5% back on hotels and rental cars booked through Capital One Travel. Plus, the rewards you earn with this card won’t expire as long as your account is open, and you can redeem them for a statement credit whenever you want.
$150 annual fee. The Capital One Spark Cash Plus Card is neither the most expensive business card available nor the cheapest. In fact, its $150 annual fee is many times higher than the average credit card’s $21.58 yearly charge. However, you can get your annual fee refunded if you spend at least $150,000 that year.
Free employee cards. Spark Cash Plus lets business owners add employees as authorized users and give them cards tied to the account at no extra cost. Employee cards earn unlimited 2% back on all purchases, too, and all the rewards go back to the business. You can also set custom spending limits for each employee.
Excellent-credit requirement. You generally need excellent personal credit to get approved for the Capital One Spark Cash Plus Card. After all, your creditworthiness matters a lot more than that of your business, given how personal in nature business cards really are. If you don’t know where your credit currently stands, you can check your latest credit score for free on WalletHub.
Must be paid in full every month. You can’t carry a balance from month to month with Capital One Spark Cash Plus for Business because it is a charge card. But that shouldn’t be an issue because business cards are bad for financing to begin with, since issuers can increase the interest rate on a balance at any time. As a result, you’re better off using a general-consumer 0% credit card for company financing. You can learn more about why that’s the case from WalletHub’s business credit card study.
No preset credit limit. That means the amount you can spend may change from month to month based on your spending behavior, payment history and credit profile. Unfortunately, you won’t be privy to this information, and without a clear limit in mind, you could find yourself at the wrong end of a declined transaction.

If you’re interested in Capital One Spark Cash Plus but are not keen on paying an annual fee, consider Capital One Spark Cash Select for Excellent Credit instead.

Capital One Spark Cash Plus Video Review

Compare The Capital One Spark Cash Plus vs. Popular Alternatives


4.3WalletHub Rating WalletHub Rating 4.3 This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Business - Earn Rewards." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs. Editor’s Rating 4.8 Market Comparison 4.2 fees: 2.9 rewards: 4.7 cost: 4.5 Other Features: 0.0	4.0WalletHub Rating WalletHub Rating 4.0 This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Business - Finance New Purchases." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs. Editor’s Rating 5.0 User Reviews 3.7 Market Comparison 3.9 fees: 4.0 rewards: 5.0 cost: 3.8 APR: 3.9	4.2WalletHub Rating WalletHub Rating 4.2 This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Business - Finance New Purchases." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs. Editor’s Rating 4.8 User Reviews 3.2 Market Comparison 4.1 fees: 4.0 rewards: 5.0 cost: 4.3 APR: 3.9
(9)	(861)	(21)
annual fee$150	annual fee$0	annual fee$0
rewards rate 2 - 5% Cash Back	rewards rate 1 - 5% Cash Back	rewards rate 1.5% Cash Back
bonus offer $1,200	bonus offer up to $750	bonus offer $750
Purchase Intro APRNot Offered	Purchase Intro APR0% for 12 months	Purchase Intro APR0% for 12 months
transfer intro aprNot Offered	transfer intro aprNot Offered	transfer intro aprNot Offered
Regular APRNot Applicable	Regular APR18.49% - 24.49% (V)	Regular APR18.49% - 24.49% (V)
Add to Compare	Add to Compare	Add to Compare
	Apply Now	Apply Now

Questions & Answers

Can't find what you are looking for? Submit your question about Capital One Spark 2% Cash Plus to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this card. In addition, WalletHub independently collected information for some of the cards on this page.

Upvotes

What are the best Capital One Spark Cash Plus credit card benefits?

Chip Lupo, Credit Card Writer

The best Capital One Spark Cash Plus benefits are roadside assistance and extended warranty. The Capital One Spark 2% Cash Plus credit card also has virtual card numbers and $0 fraud liability, which are more common perks across Capital One credit cards. For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

Capital One Spark Cash Plus Credit Card Benefits

Roadside assistance
Extended warranty
Virtual card numbers
$0 fraud liability
Free employee cards
Rental car insurance

In addition to these benefits, the Capital One Spark Cash Plus credit card comes with a $150 annual fee and offers rewards on all purchases. If you have excellent credit, the Capital One Spark 2% Cash Plus credit card is certainly a card to consider adding to your wallet.

Upvotes

How do I make a Capital One Spark Cash for Business payment?

Chip Lupo, Credit Card Writer

You can make a Capital One Spark Cash Plus payment online, by phone, through the Capital One mobile app, by mail or at a branch. To pay a Capital One Spark Cash Plus bill online, log in to your online account and click on “Make a Payment.” Then, choose how much to pay, when to pay it, and where the payment is coming from. Capital One does allow cardholders to set up automatic payments, too.

Ways to Make a Capital One Spark Cash Plus Payment

...

Upvotes

What are the best Capital One Spark Cash Plus promotions?

Sebi Mitchell, Credit Cards Moderator

The best Capital One Spark 2% Cash Plus promotion is an initial bonus of up to $1,200: $1,200 for spending $30,000 in the first 3 months. Cardholders do not need to do anything specific to take advantage of this Capital One Spark Cash Plus promotion, as it applies automatically. There are a few other noteworthy Capital One Spark Cash Plus promotions to take advantage of as well.

Capital One Spark Cash Plus Promotions for April 2024

An initial bonus of up to $1,200: $1,200 for spending $30,000 in the first 3 months

Credit card promotions change often, so if you see something you're...

Upvotes

Is Capital One Spark cash Plus metal?

Chip Lupo, Credit Card Writer

The Capital One Spark 2% Cash Plus Card is not a metal credit card, as it is made of plastic like most other credit cards. There's no functional difference between a plastic card like the Capital One Spark Cash Plus Card and a metal credit card, though, so don't dismiss the Capital One Spark Cash Plus Card just because it isn't metal. If you like the card's terms and benefits, you should still consider applying.

Metal credit cards are usually expensive luxury cards. Some popular examples of metal...

Upvotes

What is the Capital One Spark Cash Plus exchange rate?

Lisa Cahill, Credit Cards Moderator

The Capital One Spark Cash Plus credit card exchange rate is Mastercard's exchange rate on the date you make an international purchase. Mastercard exchange rates change on a daily basis, and they update these rates each day on their website.

While credit card exchange rates normally also include foreign transaction fees, the Capital One Spark Cash Plus credit card does not charge foreign fees. This means the Capital One Spark Cash Plus card will save cardholders 1.56% on purchases made abroad and through international merchants, compared to the average credit...

Upvotes

Is it hard to get a Capital One Spark Cash Plus card?

Kendall Morris, Credit Cards Moderator

Yes, it is hard to get the Capital One Spark 2% Cash Plus because it requires excellent credit for approval. Unless your credit score is 750 or higher and you have a lot of income, it will be difficult for you to get approved for the Capital One Spark Cash Plus card.

In order to get the Capital One Spark Cash Plus card, you will have to meet the credit score requirement, have a steady income and be at least 18 years old. You'll also need to...

Upvotes

How do I activate my Capital One Spark Cash Plus credit card?

Sydney Garth, Credit Cards Moderator

To activate a Capital One Spark Cash Plus credit card, call the phone number on the back of your card or go to the Capital One activation website. You can also activate a Capital One Spark Cash Plus credit card using the Capital One mobile app.

Your new Capital One Spark Cash Plus card will be ready to make purchases in just a few moments, no matter which activation method you use. Capital One does not have a certain time limit within which you need to activate your card,...

Upvotes

Does the Capital One Spark Cash Plus card offer roadside assistance?

Chip Lupo, Credit Card Writer

Yes, the Capital One Spark Cash Plus card does offer a roadside assistance benefit. Capital One Spark Cash Plus roadside assistance gives cardholders 24/7 access to a wide range of services whenever their vehicle breaks down. For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply

Capital One Spark Cash Plus cardholders can call 1-800-847-2869 to request any of...

Upvotes

What are the Capital One Spark Cash Plus requirements for approval?

Chip Lupo, Credit Card Writer

The main Capital One Spark Cash Plus requirements are that an applicant must be at least 18 years old with a valid Social Security number or Individual Taxpayer Identification number. Applicants must also have a physical U.S. address, enough income to make monthly minimum payments, and excellent credit.

Capital One Spark Cash Plus Requirements

At least 18 years old
Physical U.S. address (no P.O. boxes)
Proof of enough income to make the monthly minimum payment
Social Security...

Upvotes

How do you get a Capital One Spark Cash Plus replaced?

Chip Lupo, Credit Card Writer

To get a Capital One Spark Cash Plus replaced, log in to your online account, use the Capital One mobile app, or call customer service at the phone number listed on their website. There is no fee to get a Capital One Spark Cash Plus replacement card, which should arrive within 4-6 business days.

How to Get a Capital One Spark Cash Plus Replaced Online

Log in to your Capital One Spark Cash Plus online account.
Click the "I Want To..." tab.
Click the link to "Replace...

Capital One Spark Cash Plus Reviews

Share your insights and review for the Capital One Spark 2% Cash Plus

2.7

What's Your Rating?

Bigmike Higleyi
January 31, 2024 • @bigmikehigley1

It was misleading from the beginning. They say there's no preset spending limit, but you have to approve almost every transaction before making it, and approval is only valid for that day. I originally planned to use it as my everyday card, but then some of my recurring transactions kept getting rejected because the purchase wasn't authorized for that particular day. Customer service was terrible. My account got flagged to review some transactions. I sent the requested documents the same day. When I would call customer service, I would speak with someone who barely spoke English. The customer service representatives would simply try to get you off the phone, often providing false information. I'm not sure if they were poorly trained, but the standard response was to try calling back in a couple of days. It eventually took a full month to complete that review. Meanwhile, my account was restricted the entire time. This happened twice. Both times the documents were submitted on the same day, but it still took a month to review and remove the restriction each time, and it was flagged for the same transactions they had review a month prior. I had to speak to a supervisor, and even then, they seemed poorly trained. Then, without any notice, they closed both my business and personal cards without an explanation. When I called, thinking it was just another restriction, they informed me that I had used the card more than they had expected. They also refused to give me my cash back on the pending purchases from the day before. They stated that their decision was final and the account could not be reopened. It sounded like a good card, but it turned out to be a huge hassle to deal with consistently.

Comment

Kenny Haferkamp
August 25, 2023 • @khaferkamp

Using the card started out great. I loved the app, spending flexibility, and straight cash back to your bill. The card requires you to pay the balance each month, which is how I like it. I was just marveling at how much I liked this card. Recently, they started denying small charges. I went in see why and the app said to make a payment to see if that helps. The balance is due two weeks from now and is nowhere near where it usually is. I called Capital One and they also said to make a payment. I asked them why - the balance is nowhere near what we usually spend, great credit scores, perfect payment history, etc. The lady on the phone said she is on my side but that's the way things are. I told her that means I can't do business with this card. She said it's Capital One's loss and she understands my frustration. I told her my business Amex cards work the same way but they don't do me like this. I will be canceling the card and moving over the Chase Ink Business with no annual fee. It's embarrassing when employees get their cards denied for a $34.00 charge and the balance is $4000 with a $2000 statement balance. This card has been charged anywhere from $2000 to $12,000 a month without problems until now. The "no preset spending limit" that "changes over time depending on how you use the card" is an obvious problem. I do not recommend this card to anyone.

Comment

namenottakenw
June 13, 2023 • @namenottakenw

This card is awful. They reject half the charges for “security reasons” even if they are from the same vendors that have been rejected then approved 100 times before. They also closed my account for “missing information” which was a lie because they refused to let me provide what was missing, or even tell me what it was, so that obviously wasn't the true reason. I have around a 800 credit score, and am excellent in every other qualifying metric for credit cards, so there is no clear reason like that.

Comment

Christina Koch
March 30, 2023 • @cnckoch

Will need to wait and see on this one. We purchase a lot of materials for our contracting business and in the first month had a purchase denied from our primary supplier. Yeah there is no credit limit, but the card will throttle your spending at an arbitrary number! I called and was told that the card would have to learn my spending habits and the amount allowed would increase over time. Well how is it going to learn my spending habits if it will not allow me to spend?! The rep told me to try to charge weekly, then make payments each week on the card and use the spending limit tool each week to determine how much I could spend. That sounds like a lot of additional work just to hope that Capital One will see fit to let me purchase goods for my business. I will give this a try to see if the benefits are worth it, but I have never had to work this hard to give a vendor by business!!

Comment

William
April 1, 2023 • @sloss_william57

C1 isn't known for giving much credit and it's hard to get a spending limit increase. Some people manage to get higher opening limits than others. C1 has been serving my needs as a beginner to credit. 3 years.

Comment

BRUCE G
November 5, 2022 • @bruce_gs

Verified Customer

This card completely intrudes on your business "CASH FLOW" I can never charge more than $5,500.00 if I am lucky, always gets declined

Comment

+ 4 WalletHub users submitted a rating without writing a full review

Review Capital One Spark 2% Cash Plus

Important Disclosures

* WalletHub is committed to transparency and editorial independence. The information about the following cards has been independently collected by WalletHub: Capital One Spark 2% Cash Plus and Capital One Savor Cash Rewards Credit Card

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Capital One Spark 2% Cash Plus

Capital One Spark 2% Cash Plus

Accepted Credit Scores

Charge Card

Capital One Spark Cash Plus Annual Fee

Capital One Spark Cash Plus APR on Purchases

Capital One Spark Cash Plus Balance Transfer

Capital One Spark Cash Plus Rewards

Capital One Spark Cash Plus' Additional Info

Editor's ReviewFact checked

Capital One Spark Cash Plus Pros & Cons

Capital One Spark Cash Plus Review

Capital One Spark Cash Plus for Business Review Highlights

Capital One Spark Cash Plus Video Review

Compare The Capital One Spark Cash Plus vs. Popular Alternatives

Questions & Answers

2024 WalletHub Awards

People Also Apply For

Related Credit Card Categories

Capital One Spark Cash Plus Reviews

What's Your Rating?

Important Disclosures

2024 WalletHub Awards

People Also Apply For

Related Credit Card Categories

Editor's Review
Fact checked