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Capital One has introduced a new welcome offer for its Spark Cash Plus card, aimed at business owners seeking to earn significant cash back on their expenditures. The offer allows new cardholders to receive a one-time cash bonus of $2,000 after spending $30,000 within the first three months. Additionally, an extra $2,000 bonus is available for every $500,000 spent on the card during the first year.
The potential total reward for spending $500,000 in the first year is up to $14,000 in cash-back rewards. This includes the welcome offer and the 2% cash back earning rate. "This is the standard offer on this card," according to The Points Guy.
The Spark Cash Plus features an annual fee of $150 that can be waived if at least $150,000 is spent annually. It also offers unlimited 2% cash back on all purchases without category restrictions or preset spending limits. This flexibility is particularly advantageous for businesses with substantial and varied expenses.
