Capital One Business Credit Cards Offer Travel Credits and High Cash Back Rewards
Capital One is offering limited-time promotions for new cardholders of their business credit cards, the Spark Cash Plus and Spark Cash. These cards are ideal for business owners who want to earn high cash back rewards and travel credits. With these cards, you can earn up to $500 in travel credits when you spend a certain amount within the first three months.
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Spark Cash Plus Card
The Spark Cash Plus card offers a $2,000 cash back welcome bonus and a $500 travel credit when you spend $30,000 within the first three months. You can also earn an additional $2,000 cash bonus for every $500,000 you spend within the first year. This card has a $150 annual fee, but it’s waived for the first year if you spend at least $150,000.
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Spark Cash Card
The Spark Cash card offers a $1,000 cash back welcome bonus and a $250 travel credit when you spend $10,000 within the first three months. This card has a $0 annual fee for the first year, then $95. It’s ideal for business owners who want to earn high cash back rewards without paying an annual fee.
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Benefits of Capital One Business Credit Cards
Both the Spark Cash Plus and Spark Cash cards offer 2% cash back on every purchase, as well as 5% cash back on hotels and rental cars booked through Capital One Business Travel. You can redeem your cash back rewards for a statement credit or check. The travel credit can be redeemed for flights, hotels, and more for your next business trip via Capital One Business Travel.
The Spark Cash Plus card has a flexible spending limit that adjusts based on your purchase, payment, and credit history. You’ll never be charged interest since your balance is due in full every month. The Spark Cash card also offers simplified recordkeeping by downloading your purchase records in multiple formats such as Quicken or QuickBooks. You can enjoy international travel without additional fees on purchases made abroad.
Which Card is Best for You?
The Spark Cash Plus card is ideal for business owners with large annual budgets. The more you spend with this card, the more you can get rewarded. The Spark Cash card is a great option for business owners who want to earn high cash back rewards without paying an annual fee. If your business budget isn’t high enough to take full advantage of the Spark Cash Plus, this is another great option for earning rewards on every purchase.
For example, let’s say you spend about $100,000 using your business credit card each year: $10,000 on hotels or rental cars that you can book through Capital One Business Travel, and the rest on various expenses. With either card, that equals about $2,300 in total cash-back rewards each year. However, these expenses aren’t enough to get the Spark Cash Plus card’s $150 annual fee refunded, and you may have difficulty qualifying for the welcome bonus.
