The Capital One Spark Cash Plus* is Capital One’s best charge card because of its unlimited 2% cash back on every purchase and 5% cash back on hotels and rental cars booked through Capital One Travel, lack of a standard APR borrowing structure and its handful of business benefits. But because of the card’s $150 annual fee, we don’t recommend businesses apply for this card unless they have enough spending to justify the cost.
Rewards: Earn 2% cash back on every purchase and 5% cash back on hotels and rental cars booked through Capital One Travel.
Welcome offer: Earn a $1,200 cash bonus after spending $30,000 in the first three months.
Annual fee: $150
Other benefits and drawbacks: The Capital One Spark Cash Plus* lacks a standard APR because it’s designed to be paid off each month. Users pay off the entire balance each month or incur a 2.99% late fee. The card also has no set spending limit; the flexible limit is based on spending habit, payment history and credit profile.
The Capital One Spark Cash Plus* offers the ability to get your $150 annual fee refunded every year you spend at least $150,000. The card also comes with Capital One’s standard business Spark credit card benefits.
