Capital One Spark Cash Plus

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Card Details and Application Link
Capital One Spark Cash Plus
Up to $1,000
Earn up to a $1,000 cash bonus; $500 once you spend $5,000 in the first 3 months, and $500 once you spend $50,000 in the first 6 months of account
opening

Click Here to Apply

$150 Annual Fee

Note: This card is not expected to count against Chase's 5/24 Rule

Recent better offer: Expired 3/14/22: $3K after $50K spend in 6 months

FM Mini Review: This may be a good option for business owners who prefer simple cash back rewards.


Card Type: Mastercard

Base
2%
Travel
5%

Earning rate: 2% everywhere ⚬ 5% on hotels and rental cars booked via Capital One Travel

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 ⚬ No preset spending limit

Overview

It's rare to find a business rewards card with great rewards for all spend. This one offers 2% cash back everywhere and a great welcome offer.

Additional benefits of this card include no foreign transaction fees, travel and emergency assistance services, purchase protections, and more.

Overall, this is an excellent choice both for its intro bonus and rewards for spend.

Application Tips

Capital One Application Tips


  • 6 month rule: Must wait 6 months after applying for a Capital One card before applying for another one.

  • 2 card limit: Conventional wisdom and user experience has been that you can have at most 2 Capital One consumer cards, but according to application terms it may be possible to have up to 5. You may be limited to 2 of their rewards cards. Note that this limit does not apply to Capital One co-branded cards like the Kohl's charge card.

  • Get Same Card Again: There is no known rule against getting the same card and bonus again even if you still have the card open.

  • Hard inquiries usually get issued through all 3 credit bureaus


To check application status, call (800) 903-9177 or (877) 277-5901
If denied, call reconsideration here: (800) 625-7866

Related Cards (CapOne cash back cards)

Card Offer
Capital One Spark Cash Plus
Up to $1,000
Earn up to a $1,000 cash bonus; $500 once you spend $5,000 in the first 3 months, and $500 once you spend $50,000 in the first 6 months of account
opening

$150 Annual Fee

Note: This card is not expected to count against Chase's 5/24 Rule

Recent better offer: Expired 3/14/22: $3K after $50K spend in 6 months

Capital One Quicksilver
$200 Cash Back
One time bonus: $200 after $500 spend in 3 months from account opening

No Annual Fee

Capital One SavorOne Cash Rewards Credit Card
$200 Cash Back
One time bonus: $200 after $500 spend in 3 months from account opening

No Annual Fee

Capital One Spark Cash Business Credit Card
No Longer Available
This card is no longer available to new applicants

No Annual Fee First Year, Then $95

You may be interested in a similar option: Spark Cash Plus

Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.

Recent better offer: Up to $2,000 Cash Back: Earn a one time bonus: $500 after $5K spend in 3 months from account opening and earn an additional $1,500 when you spend $50K in the first 6 months of account opening. [Last available in early 2020 and briefly in 2021]

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Telnar

I think that your value calculation is treating the opportunity cost of spending as too high if $50k * (opportunity cost -2x) + 300k points -$150 = $2350.

If the points are valued at 1 cent each (on the low side if one has another Capital one card to transfer to partners), then the opportunity cost of spending comes to 3 cents per dollar.

Most of us can’t get 3 cents per dollar on unbounded spend, and most MS opportunities cost less than that (e.g. taxes are under 2 cents per dollar).

Telnar

I just found your discussion of how these bonuses are calculated at https://frequentmiler.com/credit-card-signup-bonus-estimation-details/

While I’m not sold on the combination of 3 cpp opportunity cost and 1 cpp redemption value, I can see the argument for each individually. Still, if one is willing to get a first year 3% card for the opportunity cost, it seems reasonable to also be willing to get a venture card for the 1.45 cent redemption value.

Greg The Frequent Miler

We use 1 cent per point valuation for Capital One’s cash back cards because that’s the most common use of rewards on those cards.

We use a 3% opportunity cost for spend with the idea that an alternative is to sign up for the Discover It Miles card to get 3% for a year. When we first rolled out this calculation we used 2%, but that caused weird stuff to happen: some cards earn more than 2% equivalent and so by using 2% as the comparison, offers with higher spend requirements looked more valuable. We switched to 3% to correct for that problem.