[Dead] $1,200 Capital One Spark Cash Plus offer


Update: As pointed out by Tim T in the comments, it appears that Capital One has pulled the offer / link, so this one is dead for now.

Doctor of Credit reports on a link first shared by JonLuca at reddit for what appears to be a brand new credit card: the Capital One Spark Cash Plus card. While the card looks very similar to the Spark Cash at first glance, the current welcome offer is good for up to $1,200 cash back and that makes it worth a look.

The Offer & Key Card Details

Card Offer and Details
Capital One Spark Cash Plus Business Credit Card

FM Mini Review: Many cards offer unlimited 2% cash back, but this and the Spark Cash are the only business card I know of that does so. This is a good option for business owners who prefer simple cash back rewards.

Card Type: Visa Signature


Earning rate: 2% everywhere

Big spend bonus: Earn a $200 cash bonus each year you spend $200,000 or more on the card.

Noteworthy perks: No foreign transaction fees

Quick Thoughts

My initial reaction was to think that this was a typo and that it was the Spark Cash card, but the landing page clearly says Spark Cash Plus. Furthermore, the Spark Cash carries a $95 annual fee, whereas the Spark Cash Plus card shows a $150 annual fee.

Apart from the difference in annual fee, I can’t see many differences distinguishing this new Spark Cash Plus card. The only additional piece I see in the terms are a $200 bonus for spending $200,000 in a calendar year.

How does my annual bonus work?
You will earn a $200 cash bonus each year when you spend at least $200,000 in net purchases by your rewards membership anniversary date. We will apply your bonus within two billing cycles following your rewards membership anniversary date.

An extra one tenth of one percent seems like a meager bonus to award someone who spends two hundred grand, but on the other hand you could look at this like paying no annual fee (and rather getting paid $50 to have a 2% back card). For really heavy spenders, that makes more sense than other 2% back cards. We have reached out to Capital One and are waiting to receive more information about this card (and whether or not there is a Spark Miles Plus card in the works).

Ultimately, I’m not surprised to see something new from Capital One. However, I hope that this is set to somehow be a new product rather than an increase in fee without an increase in benefits on the current Spark Cash card. A 2% cash back card with a $150 annual fee feels awfully steep. I hope there is more to this card than meets the eye.

Still, given that cash back earned on a Spark card can be transferred to a miles-earning card and become transferrable miles, the bonus on this card could be worth either $1200 or 120,000 miles (or some split combination depending on your needs). That is a high number. On the other hand, the spending requirement is also quite high. We’ve previously seen Capital One offer $2,000 / 200,000 miles on the Spark cards with $50K spend. I’d he hesitant to jump on this deal in the hopes that we see a better deal like that coming if they are indeed releasing new products or updating the current cards.

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