Capital One Spark Cash Plus $1,200 Bonus Offer

Capital One Spark Cash Plus $1,200 Bonus Offer

8
In the interest of full disclosure, OMAAT earns a referral bonus for anyone that’s approved through some of the below links. These are the best publicly available offers (terms apply) that we have found for each product or service. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, hotel chain, or product manufacturer/service provider, and have not been reviewed, approved or otherwise endorsed by any of these entities. Please check out our advertiser policy for further details about our partners, and thanks for your support!

Link: Apply now for the Capital One Spark Cash Plus (Rates & Fees)

The Capital One Spark Cash Plus is one of the best business cards out there, whether you’re looking to earn cash back or travel rewards.

Capital One Spark Cash Plus bonus

The Capital One Spark Cash Plus is offering a welcome bonus where you can earn a one-time cash bonus of $1,200 once you spend $30,000 in the first 3 months. This bonus is excellent.

As I’ll cover below, you can potentially get even more value by converting these rewards into Capital One miles.

Spend cash back earned with the card however you’d like

How rewarding is the Capital One Spark Cash Plus?

For those not familiar with the $150 annual fee Capital One Spark Cash Plus (Rates & Fees), this is one of the most rewarding business cards out there, and one of the all-around best cash back cards:

  • The card offers unlimited 2% cash back, making it one of the best cards for everyday spending
  • The card offers an additional $150 cash back when you spend $150,000 on the card in a year, so it’s especially rewarding for big spenders; think of the card as offering a refund of the annual fee for big spenders
  • The card is a charge card, so has no pre-set spending limit, making it ideal for big purchases
  • The card has no foreign transaction fees, so you can earn 2% cash back globally

Read a full review of the Capital One Spark Cash Plus.

Earn huge rewards with the Capital One Spark Cash Plus

Convert cash back into Capital One miles

One awesome thing about the Capital One Spark Cash Plus is that you can convert cash back into Capital One miles at the rate of one cent per mile. That means the bonus of $1,200 could also get you 120,000 Capital One miles.

If you have the Capital One Spark Cash Plus in addition to a card like the Capital One Venture X Rewards Credit Card (review) (Rates & Fees), Capital One Venture Rewards Credit Card (review) (Rates & Fees), or Capital One Spark Miles for Business (review) (Rates & Fees), then each cent can be converted into one Capital One mile.

Personally I value Capital One miles at 1.7 cents each, meaning that the $1,200 bonus is potentially worth $2,040 (based on my valuation of 120,000 Capital One miles). If you’re able to pull off the spending requirement, this is an excellent return for such a large amount of spending.

Redeem Capital One miles for Emirates first class

Can you get approved for the Capital One Spark Plus?

All card issuers have some general application restrictions. However, Capital One probably has among the fewest consistent restrictions. Specific to the Capital One Spark Cash Plus, the welcome offer on the card isn’t available to those who already have the card, or those who who currently have the Capital One Venture X Business (review) (Rates & Fees).

Read my guide to getting approved for the Spark Cash Plus.

Instant approval on the Spark Cash Plus!

Bottom line

The Capital One Spark Cash Plus has an an excellent welcome bonus. If you are in a position to complete the spending requirement, this is a phenomenal bonus on a great card. The only other consideration is that there’s also merit to picking up the Capital One Venture X Business, which also has an excellent bonus, so that could be worth considering if you’re looking to use the card for travel.

Do you plan on picking up the Capital One Spark Cash Plus?

Conversations (8)
The comments on this page have not been provided, reviewed, approved or otherwise endorsed by any advertiser, and it is not an advertiser's responsibility to ensure posts and/or questions are answered.
Type your response here.

If you'd like to participate in the discussion, please adhere to our commenting guidelines. Anyone can comment, and your email address will not be published. Register to save your unique username and earn special OMAAT reputation perks!

  1. Irman Guest

    Same question: I have venture x, am I eligible for bonus on this card?

  2. Rico Guest

    So if you currently have "Venture Business X" then you are not eligible for this card and offer?

    1. Lee Guest

      I believe that Capital One only allows a person to have one no-preset-limit card. So, if you currently have the Venture X Business, I believe that Capital One would automatically not approve you for this card. If I'm wrong, someone please correct me. Personally, I could absolutely use two such cards (even if no SUB).

  3. EV Guest

    How does this card interact with the 5/24 rule?

    1. Lee Guest

      Not reported. Capital One does report business *credit* cards but does not report business *charge* cards.

  4. Bob H Guest

    If my math is correct, this is a better offer than the Venture X Business card. With Venture X Business, you receive 150,000 miles/points after spending $30,000 on the card in 1st three months. With the Spark Plus Business card, you receive the same amount for only spending $20,000.
    Am I overlooking something?

    1. Rico Guest

      Incorrect both have the same conditions and miles/points rewards at 20k spend and again at 100k. Refer to their page and you will find it right below the conditions are the same.

Featured Comments Most helpful comments ( as chosen by the OMAAT community ).

The comments on this page have not been provided, reviewed, approved or otherwise endorsed by any advertiser, and it is not an advertiser's responsibility to ensure posts and/or questions are answered.

Lee Guest

Not reported. Capital One does report business *credit* cards but does not report business *charge* cards.

0
Lee Guest

I believe that Capital One only allows a person to have one no-preset-limit card. So, if you currently have the Venture X Business, I believe that Capital One would automatically not approve you for this card. If I'm wrong, someone please correct me. Personally, I could absolutely use two such cards (even if no SUB).

0
Lee Guest

Yes

0
Meet Ben Schlappig, OMAAT Founder
5,163,247 Miles Traveled

32,614,600 Words Written

35,045 Posts Published