When you hear “the biggest welcome offer ever for this card,” it should grab your attention. And that’s now the case with the Capital One Spark Cash Plus Card.
Capital One has just largest cash bonus in the history of this cardoffers ongoing bonuses during the first year every time you reach a spending goal. Yes, multiple bonuses.
However, it takes significant spending to unlock these bonuses, so let’s look at the details to find out if now is the right time to apply for the Capital One Spark Cash Plus card.
Capital One Spark Cash Plus Card Welcome Offer
New applicants for the Capital One Spark Cash Plus card can Get a $2,000 cash bonus after spending $30,000 with your card in the first 3 months from account opening. In addition, cardholders can Additional cash bonus of $2,000 for every $500,000 spent in the first year — with no limit on the amount of bonus earned in the first year.
Previously, the best offer we’ve seen for this card was a $3,000 bonus for spending $50,000 in 6 months. Now, applicants have the opportunity to earn much more – albeit with big spending.
If you earn $2,000 from $30,000 in expenses, 6.67% return on expenditure. If you get $2,000 after spending $500,000, that’s a 0.4% return on spending. But you also get 2% cash back on your spending, which is essentially a 2.4% return on spending $500,000.
While the Capital One Spark Cash Plus card welcome offer is the most generous we’ve ever seen, the ongoing bonus opportunities may only appeal to business owners with significant purchasing power.
Key Features of the Capital One Spark Cash Plus Card
The Capital One Spark Cash Plus card offers unlimited 2% cashback on spendingand 5% cash back on hotels and rental cars booked through Capital One Travel.
The Capital One Spark Cash Plus card is a credit cardwhich means there is no preset spending limit, but you must pay your balance in full each month. And while there is a 150$ Annual fee If you spend $150,000 annually on the card, you can get that amount refunded.
Cash back from this card can be redeemed in any amount and does not expire. Additionally, if you have a card that allows you to earn Capital One miles, you can Combine your cashback with this account to redeem Capital One miles — offers additional redemption options for your earnings.
Should you apply for the Capital One Spark Cash Plus card now?
It’s tempting to hear that a card has the biggest welcome bonus offer ever. Does that mean you should apply for the Capital One Spark Cash Plus card now? That depends.
If you have this card in mind and have already thought about applying, then you should definitely apply while the bonus is higher than normal. Just make sure you reach the minimum wagering requirement of $30,000 in the first 3 months to receive the full $2,000 welcome offer..
However, if your small business has only modest spending optionsthen there is no point in applying for this card if you cannot unlock the great welcome offer given the spending requirement.
For small businesses with high expenses, earning multiple rewards in the first year can be extremely rewarding.
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Final thoughts
The Capital One Spark Cash Plus card has a new welcome offer with unlimited earning potential in the first year. In addition to a $2,000 cash bonus after spending $30,000 within the first 3 months, your business can earn $2,000 each time you spend $500,000 with the card in the first year, and you can earn this bonus multiple times in the first year.
Many small businesses don’t have the purchasing power to spend $500,000 on this card in the first year—let alone do it multiple times. But for businesses with that purchasing power, this bonus offers an incredible return on spending in the first year. And that’s in addition to the 2% cash back you’ll earn on purchases throughout the year.
Capital One Spark Cash Plus Card information was collected independently by Upgraded Points and has not been provided or verified by the issuer.
