Capital One Spark Cash Plus review: Simple 2% cash back on all business expenses

Quick summary

A business charge card offers a flat cash-back rate on all purchases, appealing to those seeking simplicity and consistent rewards.
There is no preset spending limit, but the balance must be paid in full each month, with an option to pay over time on eligible purchases.
Businesses spending above a certain threshold annually can receive a statement credit equal to the card's annual fee, offsetting costs for high spenders.
The card lacks premium travel perks but provides practical benefits like no foreign transaction fees, extended warranty protection and free employee cards.

What to consider

A high annual spending threshold is required to earn back the annual fee as a statement credit.
Cash-back rewards can be converted to transferable miles if paired with an eligible miles-earning product, with miles valued at 1.85 cents each as of June 2026 per TPG's valuations.
The card is best suited for businesses able to pay their balance in full each month, as it is a charge card rather than a traditional credit card.

What you'll miss from the article

A detailed comparison of business card options, including alternatives with different fee structures, bonus categories or travel benefits.

Generated by AI with support from our editorial team.

With a $150 annual fee, the Capital One Spark Cash Plus card earns 2% cash back on every purchase, making it a great option for business owners who value simplicity. Whether you're buying office supplies or taking clients out to dinner, you'll earn the same rewards rate each time you use it. Card rating*: ⭐⭐⭐½

* Card rating is based on the opinion of TPG’s editors and is not influenced by the card issuer.

Spark Cash Plus: The basics

The Spark Cash Plus is a business charge card that earns unlimited 2% cash back on all purchases. It carries a $150 annual fee, but businesses that spend at least $150,000 each year can earn the fee back as an annual statement credit.

Unlike a traditional credit card, the Spark Cash Plus has no preset spending limit. You'll need to pay your balance in full each month, though eligible purchases can be carried over time with interest through Capital One's Pay Over Time feature. The card also charges no foreign transaction fees and lets you add employee cards at no additional cost.

Smiling businessman sending voicemail through smart phone while standing in hotel lobby — MASKOT/GETTY IMAGES

If you also have an eligible Capital One miles-earning card, you can convert your cash-back rewards into transferable Capital One miles.

TPG recommends a credit score of 740 or higher, but you may be able to get approved with a lower score.

Spark Cash Plus pros and cons

Pros	Cons
Earn bonus cash back on every purchase No foreign transaction fees No preset spending limit	Has a high annual fee High spending requirement to refund annual fee Card balance must be paid in full every month, with the option to pay over time

Spark Cash Plus benefits

The Spark Cash Plus isn't packed with premium travel perks or statement credits. Instead, it offers a few practical benefits that make it a better fit for businesses with high spending.

Annual fee refund

If your business spends $150,000 or more each year, you'll receive your $150 annual fee back as a statement credit. That's a lot of spending, but businesses with significant operating expenses will have no trouble reaching that threshold.

Man checking into a hotel room — SOFIE DELAUW/GETTY IMAGES

Business-friendly features

As with all Capital One credit cards, you’ll enjoy no foreign transaction fees when you make purchases abroad.

You can add employee cards at no additional cost, and spending is consolidated into your account.

Extended warranty protection

Eligible purchases made with the Spark Cash Plus receive an extended warranty beyond the original manufacturer's warranty, providing a little extra protection on business purchases. Terms apply.

No preset spending limit

One of the Spark Cash Plus' standout features is its lack of a preset spending limit, which can be especially helpful if your business has large purchases or expenses that fluctuate throughout the year.

How to earn and use your rewards

Earning rewards

The biggest draw of the Spark Cash Plus is its flat earning rate. You’ll earn an unlimited 2% cash back every time you swipe — with no limits or category restrictions.

This is especially valuable if your business has expenses across a wide range of categories. Rather than worrying about whether a purchase earns bonus rewards, you'll earn the same solid return every time you use your card. Since your rewards don't expire as long as your account remains open, you can redeem them whenever you're ready.

A business owner hangs an "open" sign on the door — 10’000 HOURS/GETTY IMAGES

Redeeming rewards

The cash back you earn can be redeemed in several ways, including as a statement credit, for a check or for gift cards. You can also use your rewards to cover eligible purchases or when checking out with Amazon or PayPal.

If you also carry a Capital One miles-earning card, such as the Capital One Venture X Business, you can convert your cash-back rewards into Capital One miles. Based on TPG's June 2026 valuations, Capital One miles are worth 1.85 cents apiece when transferred to airline or hotel partners.

This is my personal favorite redemption option because it gives you access to Capital One's airline and hotel transfer partners. I've used transferred miles to book Avianca Lifemiles awards to Central America, getting much more value than I would have from redeeming for cash back alone.

Potential drawbacks to the Spark Cash Plus

The Spark Cash Plus is a strong option for businesses with high spending that want a simple rewards structure. But it won't be the best fit for everyone.

If your business doesn't spend enough to justify its $150 annual fee, you may be better off with a no-annual-fee business card. Likewise, if you're looking for premium travel perks or elevated rewards in specific spending categories, other business cards offer more value.

Finally, because the Spark Cash Plus is a charge card, it's best suited for businesses that can pay their balance in full each month. If your business frequently carries a balance from month to month, a traditional business credit card may offer more flexibility.

Capital One Spark Cash Plus vs. Capital One Spark Cash

If you prefer a traditional business credit card, consider the Capital One Spark Cash. It earns the same unlimited 2% cash back on your purchases but has a lower annual fee — $0 for the first year, then $95 — compared with the Spark Cash Plus's $150 annual fee.

On the other hand, the Spark Cash Plus offers no preset spending limit and lets you earn your annual fee back each year you spend at least $150,000.

Is the Spark Cash Plus worth it?

Whether the Spark Cash Plus is worth it depends on several factors, including the type of rewards you want to earn and your monthly business expenses. If you're focused on earning cash rewards and value a simple earning structure, the Spark Cash Plus is an excellent option.

Man using a laptop outdoors — KATLEHO SEISA/GETTY IMAGES

Still, there are more valuable business credit cards out there if you want to maximize your earnings and continually build up your stash of rewards — whether it’s cash back, points or miles.

When to apply for the Spark Cash Plus

New Spark Cash Plus cardholders can earn $2,000 cash back after spending $30,000 on purchases in the first three months from account opening.

Plus, you can earn an additional $2,000 cash bonus for every $500,000 spent during the first year.

If your business has high annual spending and can meet the minimum spending requirement, this offer can be extremely valuable. While it isn't the best offer we've seen on the Spark Cash Plus, it easily exceeds our recommended application threshold.

For more details, check out our guide to the best time to apply for Capital One credit cards based on welcome offer history.

Other cards to consider if you don't want the Spark Cash Plus?

If the Spark Cash Plus doesn't quite fit your business, here are a few other cards worth considering:

If you prefer Chase: The (see rates and fees) has no annual fee and earns 5% cash back on the first $25,000 spent in combined purchases each account anniversary at office supply stores and on internet, cable and phone services (then 1% back), 2% on the first $25,000 spent in combined purchases on gas and restaurants (then 1% back), and 1% on all other purchases. If you pair this card with an Ultimate Rewards earning card, you have the ability to convert the cash back to transferable points and utilize Chase's impressive roster of transfer partners. To learn more, read our full review of the Ink Business Cash.
If you don’t want an annual fee: Along with the Ink Business Cash, there’s also , a no-annual-fee card (see rates and fees) that offers a 2% rewards rate on up to the first $50,000 in eligible purchases each calendar year (then 1% back). Cash back earned is automatically credited to your statement. This card is a strong contender if your business is small and doesn’t spend enough to justify the $150 annual fee on the Spark Cash Plus. To learn more, read our full review of the Blue Business Cash.
If you want to earn a transferable currency: The Capital One Venture X Business comes with lounge access, a $300 annual credit for bookings through Capital One Business Travel and a plethora of travel protections and insurance for a $395 annual fee. It earns 2 miles per dollar spent on all nonbonus purchases, 5 miles per dollar spent on flights and vacation rentals booked through Capital One Business Travel and 10 miles per dollar spent on hotels and car rentals booked through Capital One Business Travel. To learn more, check out our full review of the Venture X Business.

For additional options, check out our full list of the best business cards.

Bottom line

The Spark Cash Plus is one of the simplest business cash-back cards on the market. If your business spends heavily and you prefer earning the same rewards on every purchase, it's an easy card to recommend.

But if you want premium travel perks or richer bonus categories, another business card is probably a better fit.

Learn more: Capital One Spark Cash Plus

For rates and fees of the Amex Blue Business Cash, click here.

For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

TPG featured card

American Express® Gold Card

TPG editor's rating

at American Express's secure site.
Terms & restrictions apply. See rates & fees.

Rewards rate

Rewards rate
Rate	Category
4X	Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
4X	Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
5X	Earn 5X Membership Rewards® points on prepaid hotel stays booked through AmexTravel.com or the Amex Travel App™.
3X	Earn 3X Membership Rewards® points on flights booked through AmexTravel.com, the Amex Travel App™, or purchased directly from airlines.
2X	Earn 2X Membership Rewards® points on prepaid car rentals booked through AmexTravel.com or the Amex Travel App™ and cruises booked and paid through AmexTravel.com.
1X	Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.

Intro offer

As High As 100,000 points. Find Out Your Offer.

Annual fee

$325

Regular APR

See Pay Over Time APR

Recommended credit

Excellent to Good

Pros + cons

Pros

Valuable dining and food-related credits
Flexible rewards with airline and hotel transfer partners
Multiple travel and purchase protections
No foreign transaction fees
Access to Amex Offers for additional savings (enrollment required)

Cons

Not as useful for those living outside the U.S.
Some may have trouble using Uber and other dining credits

More details

You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $8,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
Earn 5X Membership Rewards® points on prepaid hotel stays booked through AmexTravel.com or the Amex Travel App™.
Earn 3X Membership Rewards® points on flights booked through AmexTravel.com, the Amex Travel App™, or purchased directly from airlines.
Earn 2X Membership Rewards® points on prepaid car rentals booked through AmexTravel.com or the Amex Travel App™ and cruises booked and paid through AmexTravel.com.
Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
Pay It® lets you tap in the American Express® App to quickly pay for small purchase amounts throughout the month and still earn rewards the way you usually do. Plan It® gives you the option to split up big purchases into equal monthly payments with a fixed fee. You’ll know upfront exactly how much you’ll pay.
$120 Dining Credit: Earn up to a total of $10 in statement credits monthly when you pay with the Gold Card at Grubhub (including Seamless), Buffalo Wild Wings, Five Guys, The Cheesecake Factory, and Wonder. This can be an annual savings of up to $120. Enrollment required.
$100 Resy Credit: Get up to $100 in statement credits each calendar year at over 10,000 qualifying U.S. Resy restaurants after you pay for eligible purchases with the American Express® Gold Card. That’s up to $50 in statement credits semi-annually. Enrollment required.
$84 Dunkin' Credit: Earn up to $7 in monthly statement credits after you pay with the American Express® Gold Card at U.S. Dunkin’ locations. Enrollment required.
$120 Uber Cash on Gold: Enjoy up to $120 in Uber Cash annually with your Gold Card. Just add your Card to your Uber account and you'll get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an Amex Card for your transaction.
Enjoy complimentary Hertz Five Star® Status benefits like skipping the counter at select locations, adding an additional driver at no additional cost*, and vehicle upgrades**. Benefit enrollment and Hertz Gold+ registration are required. *Additional drivers must meet standard rental qualifications and must be a spouse or domestic partner to qualify as complimentary. Other additional drivers subject to fees. **Benefits are subject to availability and vary by location. Additional Hertz program Terms and Conditions including age restrictions apply.
Book two nights or more with The Hotel Collection through AmexTravel.com or the Amex Travel App™ and receive a $100* credit towards eligible charges at over 1,400 upscale hotels worldwide. *Eligible charges vary by property.
Book your travel through the Amex Travel App™ with added peace of mind – backed by American Express® service and support. Only for American Express® Card Members.
Whenever you need us, we're here. Our Member Services team will ensure you are taken care of. From lost Card replacement to statement questions, we are available to help 24/7.
No Foreign Transaction Fees.
Annual Fee is $325.
Terms Apply.