The Capital One Spark Cash Plus card has introduced a compelling bonus offer that could be an excellent opportunity for small business owners.

The Capital One Spark Cash Plus card is offering a $2,000 bonus after you spend $30,000 in the first three months of account opening.

The card offers unlimited 2% cash back on all purchases and no foreign transactions fees, providing a straightforward and valuable return on spending. For those who want to simplify their rewards strategy without tracking categories or rotating bonuses, this is an ideal option. While the $150 annual fee isn’t waived in the first year, the ongoing benefits and straightforward earning potential could outweigh the cost, especially if you maximize the welcome bonus.

Our Take

While the Capital One Spark Cash Plus card offers substantial rewards, it’s best suited for business owners with consistent and high monthly spending. This offer isn’t one that we would recommend to someone just starting out in the points and miles hobby. But it is a great opportunity to essentially earn a large amount of valuable Capital One miles. While this card is a cash back card on its own, if you also hold a Capital One Venture, Capital One Venture X or a Capital One Spark Miles for Business then the cash back can be converted into Capital One Miles. That means you can earn a massive 260,000 Capital One miles for $30,000 minimum spend (200,000 from the welcome offer and an additional 60,000 from the spend to meet the minimum spend requirement). This is one of the biggest opportunities we’ve seen from Capital One to earn their miles.

Furthermore, if you have continual high spend, you can earn an additional $2,000 cash bonus (200,000 miles) for every $500,000 spent in the first year. This bonus can be earned multiple times throughout your first year of membership. For those who don’t want to continue to cycle through welcome bonuses to maximize their business spend, this is likely the best option available.