The Capital One Spark Cash for Business is a business credit card that usually comes with a decent sign-up bonus around $500 but there’s now a new public offer for $1,000 that’s definitely worth considering.
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The offer
- Earn a $1,000 bonus if you spend at least $10,000 within 3 months of your rewards membership enrollment date
- Unlimited 2% cash back on every purchase, every day
- $0 intro for the first year, $59 after that
- Your rewards are yours for the life of the account—they will not expire
The Capital One Spark Cash Visa is a pretty straight-forward cash back credit card. It earns a flat 2% on all purchases and comes with a $59 annual fee that is waived the first year, so it’s sort of like the business version of the Venture. The 2% back isn’t tremendous because you could find a no annual fee credit card like the Citi® Double Cash Card that offers 2% back on all purchase. However, the big prize winner with this card is the ridiculous sign-up bonus of $1,000.
The drawback is that the minimum spend requirement is very high at $10,000 and Capital One is not giving any additional time to hit the sign-up bonus so you need to have a plan in mind in order to ensure that you can spend $10,000 in only three months. If you don’t have a plan for hitting that $10K, I’d think twice about applying.
It’s also worth keeping in mind that this is a Capital One card so if you apply for it you will likely incur a hard pull on all of your credit bureaus. In the past, some would freeze their Experian credit report to save a ding but recently that method has caused some issues for some people, so I’m not sure that I would do it.
Also, Capital One business cards typically show up on your personal credit report. So if you were trying to remain under 5/24, this may not be the business card you want to apply for. And don’t forget, Capital One usually limits you to one credit card approval per 6 months (even business cards count).
H/T: DOC
Daniel Gillaspia is the Founder of UponArriving.com and the credit card app, WalletFlo. He is a former attorney turned travel expert covering destinations along with TSA, airline, and hotel policies. Since 2014, his content has been featured in publications such as National Geographic, Smithsonian Magazine, and CNBC. Read my bio.
