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Capital One Spark 2% Cash Plus Review

A reliable and flexible card that earns 2% back on your business needs.

  • Get this card if you want a business card that earns unlimited 2% cash back on purchases and has no preset spending limit.
  • Pick something else if you want to carry a balance without incurring a fee.
  • Apply with an excellent credit score of 740 or higher.

Earn unlimited 2% cash back for your business on every purchase, everywhere, no limits or category restrictions.

Rewards

$150

Annual fee

Pay-in-full card

Purchase APR

740

Minimum Credit Score

Details

Annual fee$150
Welcome offerEarn up to $1,000 in the first 6 months; $500 once you spend $5,000 in the first 3 months and $500 once you spend $50,000 in the first 6 months.
RewardsEarn unlimited 2% cash back for your business on every purchase, everywhere, no limits or category restrictions.
Purchase APRPay-in-full card
Minimum Credit Score740

Review by


Steven Dashiell is a writer at Finder specializing in all things credit cards. With more than 300 articles under his belt, he aims to help readers embrace credit cards and maximize their rewards. Steve is studying to become a Certified Educator in Personal Finance, and is a frequent face on Finder’s YouTube channel, offering the latest in credit card hacks and advice. His expertise has been featured on numerous outlets, including U.S. News & World Report, Time, CBS, Fox Business, Lifehacker, Martha Stewart Living and more.

Expert review

The new and improved Capital One Spark 2% Cash Plus is an upgrade to the old Spark business card, offering the same reliable unlimited cash back with a few new perks and extra flexibility when it comes to your business spending. It earns 2% cash back on all purchases, comes with a signup bonus of $1,000 after you spend $50,000 total in your first six months, offers a $200 annual cash bonus each year you spend $200,000 or more and has a spending limit that adapts to your spending behavior over time. The card also comes with a $150 annual fee and has no APR as it’s a charge card (or Pay-in-Full card).

The variable spending limit and steady cash back on purchases makes the new Capital One Spark 2% Cash Plus a great choice for small or growing businesses who might find their spending needs change rather suddenly over time. The card also comes with a variety of handy benefits like exporting your purchases into financial software, reports on your business spending and transaction details, the ability to set employee spend limits and roadside assistance.

The Capital One Spark 2% Cash Plus is a charge card, which means you’ll need to pay off your balance each month or incur a 2.99% fee – and of course, your account will be tagged as past due. If you need to invest in your company and need some time to float that balance, this card won’t be your best bet. But if you’re confident in your spending needs and want a card that can grow with you while feeding you steady rewards, the Capital One Spark 2% Cash Plus is a great choice.

How to apply for the Capital One Spark 2% Cash Plus

You can apply for the Capital One Spark 2% Cash Plus by doing the following.

  1. Go to the provider's site and select Apply now.

Capital One Spark 2% Cash Plus benefits

  • Earn cash back. You’ll earn an unlimited 2% cash back on all purchases.
  • Signup bonus. Earn $500 after you spend $5,000 in your first 3 months and another $500 after you spend $50,000 total in your first 6 months. While the full value requires a fair bit of spending, the initial $500 is easily obtainable and still a good deal.
  • No preset spending limit. The Capital One Spark 2% Cash Plus spending limit adapts to your changing spending habits, payment history and credit score. That means you won’t need to request an increase directly.
  • $200 annual cash bonus. Each year you spend $200,000 or more you’ll receive a $200 cash bonus to your account.
  • Financial tools. You can access your purchase records, year-end summaries and other transaction details, as well as export them to your financial software like Quicken or Excel.
  • Free employee cards. Employee cards come at no extra charge. You can also set spending controls on issued employee cards.
  • No foreign transaction fees. You won’t pay a fee to use this card abroad.
  • Various protections. Roadside assistance, extended warranties, fraud and security alerts, and card lock services are available with this card.

Capital One Spark 2% Cash Plus drawbacks

  • Charge card. You can’t carry a balance on this card and you’ll need to pay off your balance in full at the end of each month.
  • Annual fee. You’ll pay $150 each year to use this card. Fortunately, you can wipe out this annual fee if you can manage to earn the card’s annual cash bonus.

Compare business credit cards

If this card isn’t right for you, compare other business credit cards on the market. Consider factors such as the card’s annual fee, APR, if it comes with a signup bonus and what spending categories the card will reward you most in.

Name Product Rewards Purchase APR Annual fee
Premium Capital on Tap Business Credit Card
2% cashback on all purchases
9.99% to 34.99% variable
$0
Earn 2% cashback on all purchases. One of the highest unlimited cashback rates you'll find on a business card.
Ramp Visa® Commercial Card
1.5% cashback on all purchases
N/A
$0
Replace expense reports with unlimited virtual and physical cards. Automate your accounting, lower your bills, and earn 1.5% cash back on everything.
Brex 30 Card
8x points on rideshares, 5x on Brex Travel, 4x at restaurants, 3x on software subscriptions and 1x points on all other purchases
N/A
$0
The first corporate card for startups. No personal guarantee or security deposit needed, meaning your personal credit score won't be affected.
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Capital One Spark 2% Cash Plus customer reviews and complaints

Capital One has been accredited with the Better Business Bureau since 1995 and has an A rating from the organization as of October 2021.

The provider sports a 1.3 out of 5 customer review rating from Trustpilot as of October 2021, with complaints lodged at customer service and online banking services.

Bottom line

The Capital One Spark 2% Cash Plus is a respectable improvement over the old Spark Cash thanks to its bigger signup bonus, adaptable spending limit and annual cash bonus. Businesses looking for predictable reward returns on their spending and the ability to spread their spending wings over time will find this card a great addition to their wallet. Larger businesses and bigger spenders, however, might find more value in other business card offerings.

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