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Snapshot: The Capital One Spark Cash Plus is ideal for small business owners with excellent credit. No preset spending limit and a great intro bonus. There’s a annual_fees annual fee, but you could have the annual fee refunded if you spend upwards of $150,000 a year.
Pros | Cons |
No preset spending limit | Annual fee of annual_fees |
2% cash back rewards on all purchases | Must pay the full balance each period |
5% cash back on certain travel expenses booked through Capital One Travel | Must have credit_score_needed credit to qualify |
bonus_miles_full | |
Capital One travel rewards, including TSA pre-check and Capital One Lounge |
Like what you see? Learn how to apply for Capital One Spark Cash Plus!
As far as business credit cards go, the Capital One Spark Cash Plus offers a nice balance of features. You get a flat cash back rate of 2% across all spending categories and you get an intro offer of bonus_miles_full. Most importantly you have no preset spending limit – your spending limit adjusts on a month-to-month basis. (This means you will have to pay your card balance in full every month, heads up).
So who is this card for? This is a great card if you’re a business owner, with excellent credit, who may have inconsistent expenses month-to-month and needs that spending limit flexibility and flat cash-back rate across all categories.
This is probably not an ideal card for someone who is looking to spread out their purchases with a credit card, or is anticipating spending less than $150,000 on business expenses in a year and can’t earn a refund on the annual fee.
Like what you see? Learn how to apply for Capital One Spark Cash Plus!
Like we said above, Capital One Spark Cash Plus has no preset spending limit (or NPSL). What this means is that unlike a traditional credit card, the credit card doesn’t have a fixed credit limit. This can be helpful for a couple of reasons:
With that being said, not having a fixed credit limit doesn’t mean you have an unlimited credit limit. Your credit limit will still be dependent on your creditworthiness, payment history, and purchasing behavior. (You need credit_score_needed credit just to qualify for this card).
Like what you see? Learn how to apply for Capital One Spark Cash Plus!
Let’s talk about the cash back rewards. You get a flat rate of 2% cash back on all purchases, which is nice if your purchasing is varied and you don’t want to have to track spending categories.
You can also get 5% cash back when you book certain travel reservations – like rental cars or hotels – through Capital One Travel. You also get plenty of travel benefits, such as TSA precheck services and access to the Capital One Lounge.
Capital One Spark Cash Plus is a charge card, which means you have to pay the balance off in full. So while you don’t have to worry about paying down interest or accumulating credit card debt, you would have to worry about paying a late fee if you didn’t pay off the total balance. With this card, you can be subject to a late fee of late_payment_fee.
This card does have a annual_fees annual fee, which is in the higher end for small business credit cards but definitely in the middle of the range when considered against the full list of business credit cards.
Capital One Spark Cash Plus can be a good option for business owners who want an uncomplicated cash back card that can accommodate fluctuating monthly business expenses. However, if you’re looking for a credit card that has a 0% intro APR or can help you spread large purchases out over a longer period of time, you may want to look elsewhere.
The Capital One Spark Cash Plus is a charge card that comes with no minimum or maximum credit limit. Instead, the card adjusts monthly to match your personal spending habits.
Since the Capital One Spark Cash Plus is a charge card, it automatically increases as your spending habits shift from month to month.
While it’s possible to use good payment behavior from purchases made with the Capital One Spark Cash Plus Card to improve your credit, we wouldn’t necessarily call this a credit-building card because you will need to have excellent credit to qualify. If you’re interested in credit-building cards, we got you covered.
Like what you see? Learn how to apply for Capital One Spark Cash Plus!
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