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Key takeaways
- The Capital One Spark Money Plus provides a flat 2 p.c money again on each buy, making this card match for companies that spend throughout a variety of classes
- You may increase your rewards to five p.c on inns and rental vehicles booked by means of the cardboard’s journey portal, with no overseas transaction charges on spending in foreign exchange.
- Simply keep in mind, the Spark Money Plus is a cost card — and never a bank card — so you should prioritize paying off your full stability every month.
The Capital One Spark Money Plus is an easy enterprise bank card with an easy money again construction that may show fairly precious for the typical enterprise proprietor. You’ll earn a vast 2 p.c money again on all purchases, which may add as much as appreciable rewards over time, particularly if your small business spending isn’t targeted on only one or two particular classes.
The Capital One Spark Money Plus card’s rewards fee isn’t its solely profit, both. Preserve studying to be taught extra about extra perks related to the cardboard and maximize its worth.
Capital One Spark Money Plus rewards program advantages
Limitless, flat rewards on all purchases
The Capital One Spark Money Plus is a superb money again card for enterprise house owners. It provides a easy, easy money again construction that may be extremely rewarding: You’ll earn 2 p.c money again on all purchases and a vast 5 p.c money again on inns and rental vehicles booked by means of Capital One Journey. You received’t have to fret about maintaining with revolving classes or spending limits, so it’s a fantastic enterprise card for individuals who spend throughout a number of classes.
The cardboard comes with a $150 annual charge, so that you’ll need to ensure you’re incomes sufficient in rewards to make up for that price.
Additionally, the Capital One Spark Money Plus is a cost card slightly than a bank card, which implies you’re required to settle your stability every month. If you might want to finance a big buy or carry a stability, this isn’t the cardboard for you.
A number of methods to redeem rewards
With the Capital One Spark Money Plus, you’ll be able to redeem your rewards for:
- Assertion credit
- Checks
- Credit on prior purchases
- Reward playing cards
- Store with Factors by means of Amazon and PayPal
- Journey booked by means of Capital One Journey
Capital One additionally provides the choice to mechanically redeem your money again on a yearly date of your alternative, or as soon as your stability reaches a specified threshold. Your rewards is not going to expire so long as the account is open and in good standing.
Probability to earn an annual spending bonus
With the Capital One Spark Money Plus, you’ll be able to earn an annual money bonus of $150 for those who spend $150,000 every cardmember 12 months. This implies you’ll should spend a minimum of $12,500 a month to earn the bonus, however this perk alone can offset the $150 annual charge.
Welcome supply for brand new cardholders
As a brand new cardholder, you’ll be able to earn $2,000 money again when you spend $30,000 within the first three months. It’s also possible to earn a further $2,000 in money again for each $500,000 spent within the first 12 months, with no restrict as to how a lot you’ll be able to earn.
Capital One Spark Money Plus journey advantages
No overseas transaction charges
This card comes with no overseas transaction charges on purchases made in foreign exchange, making it card to take with you on a visit overseas or to have on-hand for those who make purchases with overseas distributors.
Entry to Capital One Journey
By the Capital One Journey portal, you’ll be able to e book journey with money or your rewards. You’ll additionally earn 5 p.c money again on all inns and rental vehicles booked by means of Capital One Journey.
Roadside help
You’ll have entry to journey and emergency help companies, comparable to 24/7 roadside help, for auto-related emergencies.
Capital One Spark Money Plus safety advantages
Buy safety
Eligible purchases made with the cardboard are protected for as much as 90 days in eligible situations, together with theft or harm.
Prolonged guarantee protection
You’ll additionally obtain prolonged guarantee protection on eligible purchases, which may prevent cash in the long term.
Fraud and safety protections
To make sure the protection of your account, Capital One provides cardholders fraud safety. In case your card is stolen or misplaced, you’ll have $0 fraud legal responsibility and might get a money advance or emergency alternative card. It’s also possible to use the Card Lock characteristic in case your card is misplaced or stolen.
Entry to digital card numbers
By Eno, Capital One’s account assistant, digital bank card numbers can be found to make use of for added safety when procuring on-line.
Capital One Spark Money Plus enterprise advantages
Worker card advantages
You’ll obtain free worker playing cards with the Capital One Spark Money Plus, and you’ll arrange custom-made spending limits for every card. You’re capable of earn extra rewards by means of these worker playing cards, in addition to observe spending and transactions.
Different enterprise instruments
Capital One provides quite a few advantages catered to assist enterprise house owners handle their accounts. You may obtain buy data in a number of codecs, entry year-end itemized summaries, simply combine your playing cards into platforms like Quickbooks and extra.
Learn how to maximize the Capital One Spark Money Plus
Understanding take advantage of out of any enterprise card will assist you to find out its long-term worth to you as a cardholder. Right here’s maximize the worth of your Capital One Spark Money Plus card:
- If you happen to’re decided to earn the $150 annual money again bonus — which you’ll earn after spending a minimum of $150,000 every year — be sure you put as a lot spending as you’ll be able to on this card (with out spending past your means).
- Plan on opening the cardboard when you’ll spend a minimum of $30,000 within the first three months so you’ll be able to earn the $2,000 money bonus.
- If in case you have staff, reap the benefits of the Capital One Spark Money Plus card’s free worker playing cards to pool all money again earned into your account and maximize your rewards stability.
- If your small business has excessive spending wants, contemplate making an attempt to earn extra bonuses for each $500,000 spent within the first 12 months.
The underside line
If you happen to’re in search of a enterprise card that earns an easy money again construction on all purchases, contemplate the Capital One Spark Money Plus. Incomes 2 p.c money again on all purchases is a superb choice for high-spending companies who can get much more worth from the cardboard’s rewards for increased spending.
