Capital One Spark Cash Plus Card Launches Biggest Welcome Offer Ever

When you hear “biggest welcome offer ever on this card,” it should grab your attention. And that is now the case with the Capital One Spark Cash Plus Card*×Information collected independently. Not reviewed by Capital One..

Capital One just launched the largest cash bonus in this card’s history, offering ongoing bonuses throughout the first year each time you meet a spending target. Yes, multiple bonuses.

However, unlocking those bonuses will require significant spending, so let’s take a look at the details to see whether 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 earn a $2,000 cash bonus after spending $30,000 on their card in the first 3 months from account opening. Beyond this, cardholders can earn an additional $2,000 cash bonus for each $500,000 spent during the first year — with no limit on the bonus amount earned in the first year.

Previously, the best offer we’d seen on this card provided a $3,000 bonus after spending $50,000 in 6 months. Now, applicants have the ability to earn much more than that — though with a lot of spending involved.

Earning $2,000 from $30,000 in spending amounts to a 6.67% return on spending. Getting $2,000 after spending $500,000 is a 0.4% return on spending, but you’ll also get 2% cash-back on your spending along the way, essentially providing a 2.4% return when spending $500,000.

Although the welcome offer for the Capital One Spark Cash Plus card is the most generous we’ve come across, the ongoing bonus opportunities may only be attractive to business owners with substantial spending power.

Key Features of the Capital One Spark Cash Plus Card

The Capital One Spark Cash Plus card offers unlimited 2% cash-back on spending, as well as 5% cash-back on hotels and rental cars booked through Capital One Business Travel.

The Capital One Spark Cash Plus card is a charge card, meaning it doesn’t have a preset spending limit, and thus you need to pay your balance in full each month. And while there is a $150 annual fee on the card, you can get that reimbursed after spending $150,000 on the card annually.

Cash-back from this card can be redeemed in any amount you choose, and your earnings never expire as long as your account is open. Additionally, if you have a card that earns Capital One miles, you can combine your cash-back with that account to redeem Capital One miles — which gives you even more redemption options from your earnings.

Should You Apply for the Capital One Spark Cash Plus Card Now?

Hearing a card has its biggest welcome bonus offer in history is enticing. Does that mean you should apply for the Capital One Spark Cash Plus card now? Well, it depends.

If you’ve had your eye on this card and were already thinking about applying, applying while the bonus is higher than normal is a great idea. Just ensure you can achieve the $30,000 minimum spending requirement during the first 3 months to receive the full $2,000 welcome bonus.

However, if your small business has only modest spending each month, applying for this card won’t make sense if you can’t unlock the large welcome offer because of the spending requirement. If that’s the case, you might want to consider a different small business credit card.

For small businesses with serious spending, though, earning multiple bonuses throughout the first year could be extremely rewarding.

Final Thoughts

The Capital One Spark Cash Plus card is offering a new welcome offer with unlimited earning potential during the first year. On top of 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 on the card in the first year, and you can earn this bonus multiple times in your first year.

Many small businesses won’t have the purchasing power to charge $500,000 on this card in the first year — let alone do it multiple times. For businesses with this type of spending power, however, this bonus offers an incredible return on spending during the first year. And that’s on top of the 2% cash-back you’ll earn on purchases along the way.