Capital One Spark Cash Business Credit Card: All-Time High $1,000 Welcome Bonus + $250 Travel Reimbursement

The welcome bonus on this card has increased to $1,000 + a $250 travel reimbursement, with $10,000 in spending required in the first three months. The $250 is a Capital Travel reimbursement that can be used for hotel and airfare bookings, so it’s pretty easy to use. Since the card itself earns 2% cash back, spending on the card still isn’t a bad deal.

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This welcome bonus is excellent, so I added it to the rankings.

• Best US Small Business Credit Cards

Capital One Spark Cash Business Credit Card

Note: If this is your first time applying for a business credit card, please read “Introduction to Business Credit Cards” carefully first.

Benefits

• Points transfers: If you also have the Capital One Venture credit card, you can convert the cash back from this card into Capital One miles, and then transfer them to various partner mileage programs.
• This is a Charge card with no preset spending limit, but you must pay the balance in full every month, otherwise the interest is extremely high.

My Take

The spending requirement on this card is relatively high, but it does earn 2% cash back on purchases, so it’s a good option for spending categories that do not earn bonus rewards elsewhere. For example, insurance, auto insurance, medical bills, utilities, and similar expenses. There are actually two other similar Spark Cash cards, so you can choose based on your spending volume. Ideally, after using this card for a year, if your spending is not that high, downgrading to the no-annual-fee 1.5% cash back card is also a good option.

Capital One Credit Card Application Guide

• Application status can only be checked by phone: (800) 903-9177
• Capital One applications usually pull reports from all three credit bureaus. You may be able to avoid a hard pull by freezing some of your credit reports.
• You can apply for only one Capital One credit card every six months, including both personal and business cards. If you force another application, it will likely be instantly denied, but it will not result in a hard pull.
• One person can hold at most two Capital One personal credit cards at the same time, counting only Capital One-issued cards.
• If you do not qualify for the card you applied for, you may be automatically approved for a different card instead, usually a lower-tier version. You can choose to accept or decline it, and there will be no additional hard pull.
• New applicants may be asked to upload ID during the application process.
• More on applying for Capital One credit cards

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