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Capital One Spark Cash Plus card review

This card has a simple rewards program -- earn 2% cash back on all purchases.
Written by Cynthia Bowman, Contributor
Reviewed by Evan Zimmer
Capital One Spark Cash Plus at a glance
Capital One Spark Cash Plus at a glance
Capital One Spark Cash Plus at a glance
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The lifeline of most businesses is cash flow. Capital is essential to keep a business running and, more importantly, expanding when the opportunity arises. Funding can be hard to access, however, especially for less-established companies. But business owners with excellent credit may qualify for the Capital One Spark Cash Plus card.

Designed to provide spending power without restrictions, the Spark card is the premier version of Capital One's business card offerings. It could be a good funding alternative for the times when your company needs to make a large purchase without the time constraints a loan application requires. This review delves into the benefits to help you learn more about how it works -- and whether it's the right card for your company.

card highlights
intro bonus$1,200 cash back once you spend $30,000 in the first 3 months
recommended creditExcellent
reward rates
  • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel
  • Earn unlimited 2% cash back on every purchase, everywhere—with no limits or category restrictions
annual fee$150
intro purchase APRN/A

The Spark card keeps cashback earnings simple by rewarding business card holders 2% cash back for all qualifying purchases. 


  • No preset spending limit

  • No APR

  • Earn a flat fee of 2% cash back with no revolving categories or restrictions

  • No foreign transaction fees

  • Free employee cards available with a spending limit of your choice

  • Lucrative bonus for new cardholders


  • Requires excellent credit

  • Balance due in full each month

  • Annual fee of $150

Capital One Spark Cash Plus at a glance

Capital One Spark Cash Plus at a glance

How do you apply for the card?

You can apply for the card online. The application is fairly straightforward; according to Capital One, the process should take 10 minutes or less. You'll need to provide personal information including your Social Security number, annual income, and monthly mortgage or rent amount, as well as:

  • The legal names, addresses, and Social Security numbers for all business owners 

  • The legal business name, address, and company tax ID number

Once you complete and submit the application, you should receive a decision in just a few minutes.

How does the card work?

If you're approved for the Spark card, you'll receive your card in the mail in seven to ten business days. Then, earning cash back is simple. 

You'll receive a 2% reward for every dollar you spend. If your business has high capital expenditures, you'll be pleased to hear there aren't any cashback rewards caps. Plus, you can order cards for your employees at no additional charge and earn cash-back rewards on their spending as well.

Keep in mind that the card has no preset spending limit, which can be helpful when you need to make a large purchase. However, the balance is always due in full. There is no APR because the Spark card is not designed for carrying a balance. If you don't make your payment by the due date, the balance is subject to a penalty rate of 2.99% per month and the account will be marked as past due.

How do you manage this business card?

The business card has a few useful features you won't find with most personal credit cards. You can assign an employee as the card account's account manager to oversee purchases, review spending and transactions, make card payments, and handle card-related problems. This is helpful, so you don't have to personally call Capital One yourself each time you have a question or issue.

There are plenty of spending and transactional reports available that can be downloaded or integrated with other software, such as Excel, Quicken, or QuickBooks. And to make tax time easier, Capital One issues year-end itemized spending reports.

What security features does this card have?

There are a few features that keep your account safe. The Spark card is backed by Visa for fraud protection and comes with $0 in fraud liability, as well as emergency-replacement service and available cash advances. In addition, you can assign credit cards to employees with custom spending limits.

The virtual card feature is unique and especially useful if you make frequent online or cardless transactions. You'll receive a temporary card number when making purchases online to keep your actual card account number concealed from merchants, reducing the potential for fraud.

Who will qualify for this card?

The Spark business credit card is available to business owners at all stages. A traditional small business or corporate setup may come to mind first, but applicants in the early stages of a startup, or individuals who are working a side hustle or a freelance gig, may also qualify. 

Although the Spark Cash Plus is a business card, the card issuer reviews your personal credit to determine approval odds. You'll need an excellent credit score to get approved.

Most business credit cards operate this way, using the card applicant's credit history (instead of the company's credit score) to approve or deny an application. The good news is, businesses with a limited track record can still have access to a revolving line of credit through the owner. However, a business credit card could affect your personal credit

Bottom line

The Capital One Spark 2% Cash Plus card is an excellent card that can grow with your business. It comes with no preset spending limit, unlimited rewards-earning opportunities, and free employee cards that can be set with custom spending limits. Those are just some of the reasons the card is ideal for businesses ranging from new startups to growing, established companies. 

Does Capital One check my credit if I apply for a business card?

Capital One checks your personal credit when you apply for a business card. If you're applying for a Capital One business credit card, you'll need to provide your Social Security number — and the number for all the other business owners. 

Do I need to have a business to get a Capital One Spark 2% Cash Plus card?

If you're just getting started with a business or work as a freelancer, you may be able to qualify for a Spark business credit card — as long as you've set up a business entity. Capital One will ask for your company's legal name and Tax ID number during the card application process. 

Are there any alternative credit cards worth considering?

If you're not interested in the Capital One Spark Cash Plus, consider these alternatives.

  • Chase Ink Preferred: It's less expensive with an annual fee of $95, but could be more rewarding for the traveling businessperson. It earns 3x points per dollar (on the first $150,000 spent in combined purchases per year) for a variety of business-related expenses, and comes equipped with a nice selection of travel protections. It also features a 1:1 transfer rate to Chase's travel partners. By transferring points, cardholders could find a higher per-point value.
  • American Express Business Gold Card: Coming in at a higher price tag of $295 annually, it offers greater rewards and better benefits. The Business Gold card offers cardholders 4x points per dollar in the two categories they spend the most in each billing cycle, making it flexible and rewarding. However, the 4x points categories are limited to the first $150,000 spent in a calendar year, so if your business spends more than that annually, it's better to go with a different card.
  • Bank of America Business Advantage Customized Cash Rewards Card: An ideal choice for small business owners. For no annual fee, it offers the choice of one 3% cash back category to earn in, in addition to 2% for dining and 1% for everything else. The 3% and 2% categories are limited to the first $50,000 spent in combined purchases per year. The choices for the 3% cash back category include gas, office supply stores, travel, computer services, business consulting services, and TV, wireless, and telecom service.

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