Capital One Spark Money Plus card evaluate

Capital One Spark Money Plus card overview

With a $150 annual price, 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 will earn, whether or not you are shopping for workplace provides or enterprise dinners. Card ranking*: ⭐⭐⭐½

* Card ranking relies 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 increased $150 annual price (see charges and costs). To compensate, the Spark Money Plus contains a a lot increased sign-up bonus and the chance to get your annual price refunded.

The Spark Money Plus is barely totally different from a conventional bank card in that you must 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 a credit score rating of 740 or increased, however you might be able to get permitted with a decrease rating.

Let’s dive in to see if this card is for you.

Spark Money Plus professionals and cons

Spark Money Plus Welcome provide

The Spark Money Plus is at the moment providing new candidates a best-ever welcome bonus of $2,000 money again after they spend $30,000 within the first three months. Plus, you’ll be able to earn an extra $2,000 money bonus for each $500,000 spent through the first 12 months.

If your enterprise has excessive annual spending and you may meet the minimal spending requirement, this welcome provide may be very profitable. It provides you the flexibleness of incomes money again and the flexibility to earn basically limitless money bonuses within the first 12 months.

Associated: Finest enterprise money again playing cards

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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 conduct, cost historical past, and credit score historical past. One other side to notice about cost playing cards is that there is not any annual proportion charge since your steadiness is due in full each month (see charges and costs).

If your enterprise has many working bills, the Spark Money Plus rewards you with a refund of your $150 annual price yearly you spend $150,000 or extra. Nonetheless, that is an enormous amount of cash to spend only for a $150 profit.

As with all Capital One bank cards, you will get pleasure from no international transaction charges if 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: The right way 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 charge. You may earn a limiteless 2% money again on each buy, in all places — with no limits or class restrictions.

Relying on the kind of card person you might be, you might even see this as a constructive or a damaging. However that is undoubtedly a constructive for many who wish 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.

Associated: The right way to convert Capital One money again into miles

Which playing cards compete with the Spark Money Plus?

Under are a number of of the playing cards that compete with this distinctive Capital One providing:

• If you happen to choose Chase: The Ink Enterprise Money® Credit score Card has no annual price and earns 5% money again on the primary $25,000 spent in mixed purchases every account anniversary at workplace provide shops and on web, cable and cellphone providers, and on Lyft rides by March 2025, 2% on the primary $25,000 spent in mixed purchases on gasoline and eating places, and 1% on all different purchases. If you happen to pair this card with an Final Rewards incomes card, you have got the flexibility to transform the money again to factors and make the most of Chase’s spectacular roster of switch companions. For extra data, learn our full evaluate of the Ink Enterprise Money.
• If you do not need an annual price: 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 gives an identical 2% rewards charge on as much as the primary $50,000 in eligible purchases every calendar 12 months, then 1% money again earned is mechanically credited to your assertion. This card is a robust contender if your enterprise is small and would not spend sufficient to justify the $150 annual price on the Capital One Spark Plus. For extra data, learn our full evaluate of the Blue Enterprise Money.
• If you wish to earn a transferable forex: The Capital One Enterprise X Enterprise has no preset spending restrict, comes with lounge lounge entry, a $300 annual credit score for bookings by Capital One Journey and a plethora of journey protections and insurance coverage with a $395 annual price (see charges and costs). It earns 2 miles per greenback on all purchases, 5 miles per greenback on flights and trip leases booked by Capital One Journey and 10 miles per greenback on lodges and automobile leases booked by Capital One Journey.

For extra choices, try our full checklist of the finest enterprise playing cards.

Associated: Your information to the Chase Ink Enterprise bank cards

Is the Spark Money Plus price it?

Whether or not the Spark Money Plus is price it depends upon a number of components, together with the kind of rewards you wish to earn and your month-to-month enterprise bills. If you happen to’re targeted on incomes money rewards and worth a easy incomes construction, the Spark Money Plus is a superb choice. Nonetheless, there are extra worthwhile enterprise bank cards on the market if you wish to maximize your earnings and regularly construct up your stash of rewards — whether or not it is money again, factors or miles.

Associated: Concerns on your small-business bank card technique

Backside line

With a simplified 2% earnings charge on all purchases, the Spark Money Plus is a stable contender when you’re a enterprise proprietor on the lookout for a simple return. If your enterprise has excessive annual spending, you’ll be able to actually obtain outsize worth with the flexibility to earn limitless money bonuses. Nevertheless, if you wish to get into the frequent flyer rewards recreation, then there are different enterprise playing cards that may very well 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.

For Capital One merchandise listed on this web page, among the advantages could also be supplied by Visa® or Mastercard® and should differ by product. See the respective Information to Advantages for particulars, as phrases and exclusions apply.