Capital One Spark Cash Plus — Complete Review & Rewards Breakdown
The Capital One Spark Cash Plus from Capital One is one of the most competitive credit cards in the business credit cards category. With a rating of 8/10, it offers no annual fee and impressive rewards including 2% unlimited cash back.
In this comprehensive review, we break down everything you need to know about the Capital One Spark Cash Plus: rewards structure, fees, APR, welcome bonus, and how it compares to competitors. Whether you are looking for your first rewards card or adding to your wallet, this guide covers it all.
Capital One Spark Cash Plus Overview
The Capital One Spark Cash Plus is issued by Capital One and is designed for consumers with Good-Excellent (670+). It carries a rating of 8/10 from our experts. For those with good to excellent credit, this card can be a valuable addition to your wallet.
| Feature | Details |
|---|---|
| Issuer | Capital One |
| Annual Fee | $0 |
| Intro APR | N/A |
| Regular APR | 22.24% - 28.24% Variable |
| Rewards | 2% unlimited cash back |
| Welcome Bonus | $1,000 bonus after $5,000 in first 3 months |
| Credit Score | Good-Excellent (670+) |
| Foreign Tx Fee | 0% |
Rewards & Benefits Breakdown
The Capital One Spark Cash Plus earns 2% unlimited cash back. Here is the detailed breakdown of earning rates:
| Category | Reward Rate |
|---|---|
| All Purchases | 2% unlimited cash back |
| Welcome Bonus | $1,000 bonus after $5,000 in first 3 months |
| Intro APR | N/A |
| Credit Score | Good-Excellent (670+) |
Since this card has no annual fee, you can keep it forever without cost. Use it for travel to maximize value.
Fees & APR Analysis
| Fee Type | Amount |
|---|---|
| Annual Fee | $0 |
| Purchase APR | 22.24% - 28.24% Variable |
| Balance Transfer APR | 22.24% - 28.24% Variable |
| Foreign Transaction Fee | 0% |
Capital One Spark Cash Plus vs Competitors
See how Capital One Spark Cash Plus stacks up against similar cards.
| Card | Fee | Rewards | Bonus | Rating |
|---|---|---|---|---|
| American Express Business Gold | $295 | 4x top 2 categories, 1x else | 70,000 points after $10,000 in first ... | 7/10 |
| Blue Business Plus | $0 | 2x points on first $50,000/year, 1x after | N/A | 7/10 |
| Capital One Spark Miles | $0 | 2x miles unlimited | $500 bonus after $5,000 in first 3 mo... | 7/10 |
| Chase Ink Business Unlimited | $0 | 1.5% unlimited | $750 after $7,500 in first 3 months | 8/10 |
| Bank of America Business Cash | $0 | 3% gas/office, 1% else | $500 after $5,000 in first 3 months | 7/10 |
Pros & Cons
✅ Pros
- Competitive rewards rate: 2% unlimited cash back
- Welcome bonus: $1,000 bonus after $5,000 in first 3 months
- No annual fee
- No foreign transaction fees
- Issued by reputable Capital One
❌ Cons
- Higher than average APR
The Capital One Spark Cash Plus is best for consumers who want a simple, no-fee card with solid rewards. If you have Good-Excellent (670+) credit and spend $1828/month on average, this card could earn you significant value.
How to Apply for Capital One Spark Cash Plus
Applying for the Capital One Spark Cash Plus is straightforward. Here is the step-by-step process:
- 1
Check Your Credit Score
Before applying, check your credit score. You need Good-Excellent (670+) for the best approval odds.
- 2
Compare Your Options
Compare the Capital One Spark Cash Plus with similar cards from other issuers to ensure it is the right fit.
- 3
Gather Required Information
You will need your Social Security number, income information, and address to apply.
- 4
Complete the Online Application
Visit Capital One.com or the Capital One mobile app. The application takes about 5-10 minutes.
- 5
Await Approval Decision
Most applicants receive an instant decision. If approved, your card will arrive in 7-10 business days.
Frequently Asked Questions
You need Good-Excellent (670+) credit to be approved for the Capital One Spark Cash Plus. Approval is not guaranteed and depends on your overall credit profile.
Yes, with no annual fee, this card is worth keeping in your wallet indefinitely. Plus, the welcome bonus alone covers the first year's value.
The purchase APR is 22.24% - 28.24% Variable.
No, the Capital One Spark Cash Plus does not charge foreign transaction fees, making it great for international travel.
Rewards can be redeemed through your Capital One online account. Options typically include statement credits, gift cards, travel bookings, and direct deposits.
Conclusion
The Capital One Spark Cash Plus is a solid choice in the business credit cards category. With no annual fee and competitive rewards, it offers good value for the right consumer.
We recommend this card for anyone with Good-Excellent (670+) credit looking for cash back on their everyday spending. Compare it with other cards in our list to find the best fit for your wallet.
The Capital One Spark Cash Plus earns 2% unlimited cash back. With a rating of 8/10, it is one of the better options in the business credit cards space. Recommended for consumers with Good-Excellent (670+) credit.