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Capital One Spark Cash Plus Benefits Guide

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The Capital One Spark Cash Plus is a simple business credit card, offering a simple cash back structure that can prove very useful for the average business owner.

With Capital One Spark Cash Plus, you’ll earn unlimited 2% cash back on all purchases, which can earn you huge rewards over time, especially if your business spend isn’t focused on just one or two. specific categories.

The Capital One Spark Cash Plus card’s rewards rate isn’t its only advantage. Keep reading to learn more about the additional benefits associated with the card and how to maximize its value.

Highlights of Capital One Spark Cash Plus

  • Awards: Unlimited 2% cash back on all purchases
  • Welcome bonus: Up to $3,000 cash bonus: $500 when you spend $5,000 in the first three months, plus an additional $2,500 when you spend $50,000 in the first six months
  • Annual bonus: $200 bonus cash after spending at least $200,000 each year
  • Annual subscription : $150

Earn rewards

The Capital One Spark Cash Plus is a great cash back card for business owners. It offers a simple and straightforward cash back structure that can be very rewarding. You’ll earn 2% cash back on all qualifying purchases while paying just a $150 annual fee.

You won’t have to worry about tracking revolving categories or spending limits, so it’s a great calling card for those who spend in multiple areas.

Remember that you will have to pay your balance each month. So if you need to finance a large purchase or carry a balance, this card may not be for you.

Redeem rewards

With Capital One Spark Cash Plus, you can redeem your rewards for:

  • Reporting Credits
  • Checks
  • Credits on previous purchases
  • Gift cards
  • Payments at checkout via Amazon.com and PayPal

If you also have a travel credit card from Capital one, you can transfer your rewards and redeem them for trips, which can help maximize their value. Additionally, Capital One also offers the ability to automatically redeem cash back on an annual date of the cardholder’s choice or once their balance reaches a certain threshold ($25, $50, $200, $500 or $1,500).

Benefits of travel protection

Spark Cash Plus offers standard travel and purchase protection benefits. Eligible purchases made with the card will be protected for up to 90 days against theft, loss, damage or fire. You will also receive extended warranties on these purchases, which can save you money in the long run.

Plus, if you purchase with your card, you’ll receive a refund for lost luggage, as well as any issues with eligible rental vehicles. Travel and emergency assistance, 24/7 roadside assistance and free concierge service are also available.

Fraud Protection

To help keep your account safe, Capital One offers cardholders fraud protection. If your card is stolen or lost, you can be insured for $0 fraud liability and be able to receive a cash advance and emergency replacement card.

Card lock is also a benefit that can be used if your card is lost or stolen, and virtual credit card numbers are available (through Eno, Capital One’s account assistant) for added protection.

Company benefits and other benefits

Because Capital One Spark Cash Plus is a business payment card, Capital One offers benefits for business owners to help them manage their account.

On the one hand, you will receive free employee cards, through which you can set personalized spending limits. You will also be able to earn additional rewards through these employee cards, as well as track expenses and transactions.

Businesses also benefit from the ability to download purchase records in multiple formats and have access to detailed year-end summaries.

Annual bonus

With Capital One Spark Cash Plus, you can earn an annual cash bonus of $200 if you spend $200,000 each year with your card. This means that you will have to spend $16,667 per month to earn the bonus, but through this benefit alone you can offset the annual fee.

How to maximize the benefits offered by Capital One Spark Cash Plus

Knowing how to get the most out of a business card will help you determine its long-term value to you as a cardholder. The suggestions below can help you maximize the value of your Capital One Spark Cash Plus card:

  • If you’re determined to rack up rewards and earn the annual cash back bonus, try to spend as much as you can on this card (without, of course, spending beyond your means).
  • Plan to open the card when you know you’ll spend at least $5,000 in the first three months, so you can earn the $500 welcome bonus (or better yet, if you plan to spend $50,000 in first six months, you won’t want to miss out on earning an extra $2,500).
  • Take advantage of the free employee cards of the Capital One Spark Cash Plus card. You will be able to pool all the cash back earned in your account and maximize your rewards balance.
  • If you have a Capital One credit card that earns you travel rewards, transfer your cash back to maximize the value of your rewards.

The bottom line

With Capital One Spark Cash Plus, you’ll earn 2% cash back on all purchases, which is a great option for businesses that want a card with a simple cash back structure.

High-spending businesses can derive even more value from the card’s other features, especially its first-year welcome offer and annual $200 cashback bonus (earned after spending at least $200,000 each year ).

If you’re looking for a business card that will earn you money on all purchases rather than specific categories, take the time to review the benefits of the Capital One Spark Cash Plus Card.