There is also an annual $200 cash bonus for spending $200,000 or more with the card. You can also automate the process by setting up a preferred method and choosing if you want it redeemed at a certain calendar date or a certain cash-back amount. Your cash back is delivered to you as either statement credits - which lower the overall balance of your account - or as a check in the mail. While that can be good for businesses with a wide variety of spending, if your business spends heavily on one or two types of purchases, it might be better to choose a business credit card that offers a higher rate for specific purchases. You can use the card for all of your business spending to earn 2% cash back for your purchases. The Spark Cash Plus for Business has a straightforward rewards program. Its cash-back rate is competitive with many cash-back credit cards without an annual fee, but the Spark Cash Plus’s earning potential for high business spending certainly isn’t. That means your credit card statement will need to be paid in full every month or you’ll incur a 2.99% monthly late fee. It’s important to note that the Capital One Spark Cash Plus can’t be used to revolve a balance, so it doesn’t have an annual percentage rate, or APR. There are also no foreign transaction fees to worry about. There are a number of business-related perks, but its primary features are its flat rate for all purchases and high welcome bonus of up to $1,000 ($500 after spending $5,000 in the first three months, and an additional $500 for spending $50,000 within six months of account opening).įor business owners who travel, the card also earns 5% cash back on hotels and rental cars booked directly from Capital One. ![]() ![]() However, for its high price tag, and with many of its best perks catering to high spending, it should only be considered by businesses that spend quite a bit each year. The Capital One Spark Cash Plus* offers business owners a flat cash-back rate for a steep annual fee, but it has potential to be a rewarding choice.įor $150 annually, business owners can earn 2% cash back for their expenses, regardless of what they are. Earn unlimited 2% cash back on every purchase, everywhere-with no limits or category restrictions
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