Capital One Spark Cash Business Card $500 Bonus

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Capital One Spark Cash Business CardAre you operating a business, in search for the perfect business card? Look no further! The Capital One® Spark® Cash for Business is designed for small businesses in mind. The Capital One Spark Cash Business offers a chance to earn a $500 cash bonus when you spend $4,500 or more on purchases within 3 months of account opening.

This card is amazingly designed for you to earn 2% cash back on every purchase! Capital One is well known for their rewards program. Points never expire as long as your account remains open and your cash-back earnings are unlimited.

Learn more about this card and its features here.


Capital One Spark Cash for Business Review

The Capital One® Spark® Cash for Business is one of the better business credit cards out there. The Spark Cash for Business card allows you to earn 2% cash back on all purchases made. The best part is that you can earn as much as you want. There is no limit to earning rewards!

Small business owners will get to enjoy the flexibility and ease of use with the Capital One Spark Cash card. This card allows businesses the chance to earn high rewards. Plus, the annual fee of $95 is quite low compared to other high rewards credit cards. Capital One will waive the annual fee for the first year; therefore, you will not have to pay the $95 annual fee until a year later.

The Capital One Spark Cash offers a great welcome bonus after you have met the spending requirements within the 3 months of approval. The Capital One Reward Program offers consumers the ease of mind knowing that all points earned never expire if the account remains open. Redeem points any time, in any amount, and however you want to redeem it!


Capital One Spark Cash for Business Summary

Capital One® Spark® Cash for Business
Capital One Spark Cash Business

Bonus Available Earn a one-time $500 cash bonus after you make at least $4,500 in purchases within the first 3 months of account opening.
*Bonus Value $500
Ongoing Rewards/Benefits Unlimited 2% cash back on all purchases.

Employee cards at no extra cost.

Foreign Transaction Fees No
Annual Fee $95, waived your first year.
*Bonus value is an estimated value calculated by HustlerMoneyBlog and not the card issuer. View our latest valuations here.

Recommended Free Credit Score (Get Free Score)

690 – 850 (Good – Excellent)

PROS

  • Welcome bonus
  • Unlimited cash back
  • Free employee cards
  • No foreign transaction fee

CONS

  • Annual fee
  • Good-Excellent credit needed to qualify

Editor’s Alternate Pick

Chase Ink Business Cash Card
The Chase Ink Business CashSM Card offers $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening.

You’ll earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year, 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year, & % cash back on all other card purchases with no limit to the amount you can earn.

This card comes with no annual fee. You’ll be able to take advantage of employee cards at no additional cost & the 0% introductory APR for 12 months on purchases.


Capital One Spark Cash $500 Bonus Cash

Check out the Spark Cash card’s $500 bonus cash introductory offer. To qualify for this welcome offer, you must charge at least $4,500 to your card within the first 3 montsh of opening your account.

Here are some ideas on meeting the spending requirement:

Meeting Credit Card Bonus Spending Requirements
Plastiq – Using Plastiq allows you to pay for your personal expenses such as rent, tuition, mortgage, auto lease etc. Although they charge a 2.5% processing fee for using your credit card, this will contribute to the card bonus that you will receive. There is also a referral program that allows you to earn “Free-Free Dollars” that goes towards processing fees as well.
Funding Checking Accounts – When it comes to funding a checking account, opening your initial deposit with a credit card is the usual way to go about it. However, if you want to have more opportunities, you should open a checking account that offers a sign-up bonus. This allows you to work towards bonuses from not one but two different sources instead. Banks like Chase, Huntington Bank, TD Bank and BBVA offers credit card funding, and for your opening deposit, you can often fund anywhere from $50-$1000 with a credit card, depending on the bank.
Gift Card Purchases With Using a Credit Card – Another way to acquire the bonus is using your credit card to purchase gift cards. Buying a a gift card or an individual merchant card typically do not require a purchase fee and are used towards leisure, so gift cards are ideal. However, gift cards such as a Visa or American Express do incur purchase fees because they can be spent anywhere, but gift cards that are specifically for a certain online shopping site such as Amazon or eBay don’t.
As for a Citi Credit Card, you should call customer service and ask them to lower your Cash Advance limit to $0 before making any purchases because Citi tends to read gift card purchases as a Cash Advance.

Ideally, you should do this with any card just to be safe. Lastly, there is such thing as a discounted gift card which can be purchased on Raise or eBay. If you use a credit card often for everyday purchases, it can build your credit score that will contribute towards paying for things such as bills and taxes.

Alternative Ways to Meet Spending Requirements


Redeeming Your Spark Cash Rewards

Redeem at any point with no minimums for:

  • Statement credits
  • Checks

Set up automatic redemption preferences, such as:

  • On a set date each calendar year
  • When you hit a specific dollar figure ($25, $50, $100 or $200)

If you don’t set up automatic preferences, you can redeem on request.


Capital One Spark Cash for Business Benefits & Perks

  • $500 Cash Bonus. Earn a bonus of $500 after you meeting the spend requirement.
  • 1st Year Annual Fee Waived. After the first free year of card membership you have a low annual fee of $95.
  • Unlimited Rewards. Earn 2% cash back on all purchases with no limits and no expiration on rewards earned.
  • Free Employee Cards.
  • Fraud Coverage & Alerts. Gain a peace of mind knowing that Capital One will provide real-time alerts of fraud attempts- via text, email, or phone. Capital One’s $0 Fraud Liability policy covers you if your card is ever lost or stolen.
  • Quarterly & Year-End Summary. As a business owner, enjoy a custom, itemized report of your spending. This’ll help simplify planning, budgeting, and tax time without paying any additional fees for the report.
  • No Foreign Transactions Fees. Capital One strongly supports no foreign transaction fees across most of their cards. This one is no exception.
  • Auto Rental Collision Damage Waiver. As an extra benefit to cardholders, Capital One will provide you coverage for damage due to collision or theft when you rent an eligible car with your Capital One Spark Business Card.
  • Purchase Security & Extended Protection. With the Spark Cash Business card, get any eligible item replaced, repaired, or reimbursed in the event of theft or damage within the first 90 days of purchase. Also get an additional warranty protection on eligible items purchased with the Spark Cash Business card, up to 1 year past the manufacturer’s warranty.
  • Visa® SavingsEdge. The Spark Business Visa card participates in the Visa® SavingsEdge program where you can shop with your card and save up to 15%.

Why You Should Apply for This Card

Earn 2% Cash Back: Earn 2% cash back per $1 on every purchase, every day. No limitations or rotating categories to keep up with. Rewards won’t expire for the life of the account. In addition, there is no limit to the amount of cash back you can earn.

Redeem cash back as a statement credit or a check. You can set up automatic redemption either at a set time each calendar year or when a specific threshold has been reached. Other redemption options include statement credit and gift cards. Note that rates for each redemption options may vary and are subject to change without notice.

No Foreign Transaction Fee: Use this card when traveling abroad without paying a fee. Keep earning your rewards.

Travel and Purchase Perks: This card offers benefits that include auto rental collision damage waiver with primary coverage, travel and emergency assistance services, lost luggage reimbursement, purchase security, and extended warranty protection.

Employee Cards at No Additional Cost: Earn points when your employees use their card. Note that if you let employees use the account, they’ll be authorized users. That means, they’ll have equal charging privileges unless you established individual spending limits.

Various Discounts: When you make purchases with this card, you can receive discounts at retailers and special access to popular sporting events. Enjoy premiere golf benefits and more. Plus, enjoy saving up to 15% at various merchants with Visa SavingsEdge. And if you’re traveling, check out the Visa Signature Luxury Hotel Collection with exclusive benefits and bookings at over 900 hotels.

Quarterly and Annual Summaries: Receive quarterly and annual spending summaries. The summaries include a detailed, itemized, and categorized look at your spending during the covered period. Plus, get detailed reports of employee spending, if applicable.


Bottom Line

All in all, as a small business owner, this card is for you. The Capital One® Spark® Cash for Business card allows you to earn a one-time bonus after meeting the spend requirements within the first 3 months. Plus, you can earn an unlimited 2% cash back on all purchases made with the card. Capital One also offers many benefits and perks to their cardholders.

Also, it waives the $95 annual fee for the first year! See our full list of credit card bonuses for all your credit card needs!

Learn more about this card and its features here.


What’s The Competition?

Chase Ink Preferred card
The Chase Ink Business PreferredSM Card offers 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That’s $1,000 toward travel when you redeem through Chase Ultimate Rewards®.

You’ll earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year; 1 point per $1 on all other purchases – with no limit to the amount you can earn. Furthermore, points are worth 25% more when you redeem for travel through Chase Ultimate Rewards.

This card does come with a $95 annual fee but does not have any foreign transaction fees.

Chase Ink Business Cash Card
The Chase Ink Business CashSM Card offers $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening.

You’ll earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year, 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year, & % cash back on all other card purchases with no limit to the amount you can earn.

This card comes with no annual fee. You’ll be able to take advantage of employee cards at no additional cost & the 0% introductory APR for 12 months on purchases.

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