Hyperlink: Apply now for the Capital One Spark Money Plus
The Capital One Spark Money Plus (overview) is a superb enterprise card. The cardboard is unbelievable whether or not you’re seeking to earn money again or journey rewards, and it presents probably the most well-rounded returns on enterprise spending.
Should you’ve been on the fence about this card, on this put up I wished to try seven causes it’s best to contemplate choosing up this $150 annual price card. In no explicit order…
Welcome bonus of $2,000 money again & extra
The Capital One Spark Money Plus is providing an improved welcome bonus the place you’ll be able to earn a one-time money bonus of $2,000 after spending $30,000 inside the first three months.
It is a phenomenal bonus, particularly when you think about that the money again might be transformed into Capital One miles (as I’ll cowl beneath).
Moreover, you’ll be able to earn a further $2,000 money bonus for each $500K spent in the course of the first 12 months. This bonus might be earned a number of occasions over the course of your first 12 months of card membership. After all these are large spending quantities, however you probably have a whole lot of enterprise spending, these rewards will add up quick.
I’ve discovered approval for the cardboard to be pretty simple as effectively, inside Capital One’s customary software information. Observe that you simply’re eligible for the welcome bonus on this card even you probably have the Capital One Spark Miles for Enterprise (overview), which is one other helpful enterprise card.
2% money again on all purchases
The Capital One Spark Money Plus has a simple and profitable rewards construction, as the cardboard presents a flat 2% money again on all purchases. It is a stable return on spending you probably have a enterprise that spends fairly a bit and also you need to earn money again.
$150 annual bonus with spending
Whereas the Capital One Spark Money Plus presents a flat 2% money again, there’s an extra reward for giant spenders. Should you spend $150,000 or extra on the cardboard in an anniversary 12 months, you’ll obtain an annual $150 money bonus. Consider it as a refund of your annual price for giant spenders.
No overseas transaction charges
The Capital One Spark Money Plus has no overseas transaction charges, making it a unbelievable card for purchases overseas. It’s good to not solely get an industry-leading return on spending, however to get that very same charge internationally with out it costing you further.
Whereas there are another enterprise playing cards providing 2% money again, the no overseas 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 slightly 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 so much on bank cards, this can be a worthwhile function, because it means that you may typically make bigger purchases than you’d be capable 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 rely 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 for those who’ve opened 5 or extra new card accounts prior to now 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 rely towards that restrict.
Observe that making use of for many different Capital One enterprise playing cards does rely 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 excellent card for factors fanatics. That’s as a result of you probably have the cardboard along side a card incomes Capital One miles, just like the Capital One Spark Miles for Enterprise (overview) or Capital One Enterprise X Rewards Credit score Card (overview), then all rewards earned on the cardboard be transformed into miles.
Particularly, every cent of money again earned with the cardboard might be transformed into one Capital One Enterprise or Spark miles, opening up all types 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 presents an excellent welcome bonus, a 2% return on all spending with no overseas transaction charges, no pre-set spending restrict, an additional bonus for giant spenders, the power to transform rewards into miles, and extra.
Should you’re on the lookout for a enterprise card with an excellent money again rewards construction, the Capital One Spark Money Plus is great.
