Hyperlink: Apply now for the Capital One Spark Money Plus
The Capital One Spark Money Plus (evaluation) is a superb enterprise card. The cardboard is improbable whether or not you’re seeking to earn money again or journey rewards, and it gives probably the most well-rounded returns on enterprise spending.
In case you’ve been on the fence about this card, on this put up I needed to try seven causes it is best to think about selecting up this $150 annual payment card. In no specific order…
Welcome bonus of $2,000 money again & extra
The Capital One Spark Money Plus is providing an improved welcome bonus the place you may earn a one-time money bonus of $2,000 after spending $30,000 throughout the first three months.
It is a phenomenal bonus, particularly when you think about that the money again will be transformed into Capital One miles (as I’ll cowl under).
Moreover, you may earn a further $2,000 money bonus for each $500K spent through the first yr. This bonus will be earned a number of occasions over the course of your first yr of card membership. In fact these are massive spending quantities, however you probably have quite a lot of enterprise spending, these rewards will add up quick.
I’ve discovered approval for the cardboard to be pretty straightforward as nicely, inside Capital One’s commonplace software information. Be aware that you simply’re eligible for the welcome bonus on this card even you probably have the Capital One Spark Miles for Enterprise (evaluation), which is one other helpful enterprise card.
2% money again on all purchases
The Capital One Spark Money Plus has an easy and profitable rewards construction, as the cardboard gives a flat 2% money again on all purchases. It is a strong return on spending you probably have a enterprise that spends fairly a bit and also you wish to earn money again.
$150 annual bonus with spending
Whereas the Capital One Spark Money Plus gives a flat 2% money again, there’s an additional reward for giant spenders. In case you spend $150,000 or extra on the cardboard in an anniversary yr, you’ll obtain an annual $150 money bonus. Consider it as a refund of your annual payment for giant spenders.
No international transaction charges
The Capital One Spark Money Plus has no international transaction charges, making it a improbable card for purchases overseas. It’s good to not solely get an industry-leading return on spending, however to get that very same fee internationally with out it costing you further.
Whereas there are another enterprise playing cards providing 2% money again, the no international transaction charges on this card is some extent of differentiation in comparison with another merchandise on the market.
No pre-set spending restrict
The Capital One Spark Money Plus is a cost card moderately than a bank card. The excellent news is that this implies the cardboard has no pre-set spending restrict. When you have a enterprise that spends lots on bank cards, this can be a worthwhile function, because it means which you can usually make bigger purchases than you’d have the ability to make with different playing cards.
I’ve discovered this to be helpful for conditions the place I wanted to make a giant buy, however different playing cards didn’t have a large enough credit score line for what I wanted.
Card doesn’t depend towards Chase 5/24 restrict
Chase has the 5/24 rule, which is a restriction whereby you sometimes received’t be accredited for a Chase card if you happen to’ve opened 5 or extra new card accounts previously 24 months. If this can be a restrict you’re attempting to remain beneath, making use of for the Capital One Spark Money Plus shouldn’t depend towards that restrict.
Be aware that making use of for many different Capital One enterprise playing cards does depend towards that restrict, however the Spark Money Plus is an exception, because it’s a cost card, and received’t present up in your private credit score report.
Convert rewards into Capital One miles
Whereas the Capital One Spark Money Plus is formally a money again card, that is even an incredible card for factors fans. That’s as a result of you probably have the cardboard along with a card incomes Capital One miles, just like the Capital One Spark Miles for Enterprise (evaluation) or Capital One Enterprise X Rewards Credit score Card (evaluation), then all rewards earned on the cardboard be transformed into miles.
Particularly, every cent of money again earned with the cardboard will be transformed into one Capital One Enterprise or Spark miles, opening up every kind of journey alternatives. Personally I worth Capital One miles at 1.7 cents every, so to me that will increase the worth of the factors considerably. That bumps the return on spending on the cardboard to nearer to three.4%, by my valuation.
Backside line
The Capital One Spark Money Plus is a prime notch money again enterprise card. The cardboard gives an incredible welcome bonus, a 2% return on all spending with no international transaction charges, no pre-set spending restrict, an additional bonus for giant spenders, the power to transform rewards into miles, and extra.
In case you’re in search of a enterprise card with an incredible money again rewards construction, the Capital One Spark Money Plus is great.
