Capital One Spark Money Plus card overview
With a $150 annual payment, the Capital One Spark Money Plus (see charges and costs) card presents 2% money again on all purchases, with no cap on what number of cash-back rewards you earn. In essence, the extra you spend, the extra you may earn, whether or not you are shopping for workplace provides or enterprise dinners. Card ranking*: ⭐⭐⭐
* Card ranking is predicated on the opinion of TPG’s editors and isn’t influenced by the cardboard issuer.
The Spark Money Plus is an improved model of the discontinued Spark Money for Enterprise, though it contains a larger $150 annual payment (see charges and costs). To compensate, the Spark Money Plus contains a a lot larger sign-up bonus and the chance to get your annual payment refunded.
The Spark Money Plus is that this card is barely totally different from a conventional bank card in that it’s important to pay the steadiness off in full each month. The principle distinction is that there is not any preset spending restrict, so it is a good factor for enterprise house owners with many bills who have to go above their credit score restrict.
TPG recommends credit score rating of 740 or larger, however you might be able to get accepted with a decrease rating.
Let’s dive in to see if this card is for you.
Spark Money Plus execs and cons
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Spark Money Plus Welcome provide
The Spark Money Plus comes with a sign-up bonus of $1,200 after you spend $30,000 within the first three months of card membership.
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Spark Money Plus advantages
The Spark Money Plus is a card with no preset spending restrict, so it is versatile and might adapt to your wants primarily based in your spending habits, fee historical past, and credit score historical past. One other facet to notice about cost playing cards is that there is not any annual share price since your steadiness is due in full each month (see charges and costs).
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If your enterprise has many working bills, the Spark Money Plus rewards you with a refund of your $150 annual payment yearly you spend $150,000 or extra. Nonetheless, that is an enormous sum of money to spend only for a $150 profit.
As with all Capital One bank cards, you may take pleasure in no overseas transaction charges whenever you buy overseas (see charges and costs).
Lastly, you’ll be able to request worker playing cards at no further value (see charges and costs) that funnel into your account as the first cardholder.
Associated: Tips on how to apply for a Capital One enterprise bank card
Incomes money again on the Spark Money Plus
The largest draw of the Capital One Spark Money Plus is its flat incomes price. You may earn a limiteless 2% money again on each buy, all over the place — with no limits or class restrictions.
Relying on the kind of card consumer you’re, you may even see this as a optimistic or a adverse. However that is positively a optimistic for many who need to maximize their enterprise bills with out worrying if a purchase order falls underneath a bonus class, as seen with many different enterprise bank cards.
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Which playing cards compete with the Spark Money Plus?
Under are just a few of the playing cards that compete with this distinctive Capital One providing:
- In the event you want Chase: The Ink Enterprise Money® Credit score Card has no annual payment however nonetheless has a fantastic sign-up bonus of as much as $750: $350 bonus money again after you spend $3,000 on purchases within the first three months, and an extra $400 whenever you spend $6,000 on purchases within the first six months from account opening. You may earn 5% money again on the primary $25,000 spent in mixed purchases every account anniversary at workplace provide shops and on web, cable and telephone companies. For extra data, learn our full overview of the Ink Enterprise Money.
- If you do not need an annual payment: Together with the Ink Enterprise Money, there’s additionally The American Categorical Blue Enterprise Money™ Card, a no-annual-fee card (see charges and costs) that provides an analogous 2% rewards price on as much as the primary $50,000 in purchases every calendar 12 months, then 1% money again earned is routinely credited to your assertion. This card is a powerful contender if your enterprise is small and does not spend sufficient to justify the $150 annual payment on the Capital One Spark Plus. For extra data, learn our full overview of the Blue Enterprise Money.
- If you wish to earn a transferable foreign money: The Capital One Enterprise X Enterprise has no preset spending restrict, comes with lounge lounge entry, a $300 greenback annual journey credit score and a plethora of journey protections and insurance coverage with a $395 annual payment (see charges and costs). It earns 2 miles per greenback on all purchases, 5 miles per greenback on flights booked by Capital One Journey and 10 miles per greenback on lodges and leases booked by Capital One Journey.
For added choices, take a look at our full checklist of the greatest enterprise playing cards.
Associated: Your information to the Chase Ink Enterprise bank cards
Is the Spark Money Plus price it?
Some of the versatile rewards currencies is money again. And few enterprise playing cards have as a lot to supply on this regard because the Spark Money Plus. Nevertheless, whereas the two% cash-back price is stable, there are extra useful enterprise bank cards on the market if you wish to maximize your earnings and frequently construct up your stash of rewards — whether or not it is money again, factors or miles.
Whether or not or not the Spark Money Plus is price it comes right down to a few elements, together with what sort of rewards you need to earn and what your enterprise bills are month to month.
Associated: Concerns to your small-business bank card technique
Backside line
With a simplified 2% earnings price on all purchases, the Spark Money Plus is a stable contender for those who’re a enterprise proprietor on the lookout for a straightforward return. Nevertheless, if you wish to get into the frequent flyer rewards recreation, then there are different enterprise playing cards that could possibly be a greater match.
Apply right here: Capital One Spark Money Plus
For charges and costs of the Amex Blue Enterprise Money, click on right here.
