Capital One Spark Cash Plus: Easy-to-Manage Cash Back

Capital One Spark Cash Plus offers 2% cash back on all purchases, but you can’t carry a balance.
Rosalie MurphySep 3, 2021

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Our Take

4.7

NerdWallet rating 
Capital One Spark Cash Plus

on Capital One's website

Annual fee

$150

Regular APR

N/A

Intro APR

N/A

Recommended Credit Score

Quick Facts

Pros & Cons

Pros

  • Earns cash back on primary and employee cards
  • Rewards don’t expire
  • No foreign transaction fees

Cons

  • Balance must be paid in full every month
  • Has annual fee

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Full Review

The card pays % cash back on all purchases. This simple approach — no rotating bonus categories to keep track of or spending caps to monitor — makes it easy to earn rewards without having to think too much about it.

If you’re a longtime Capital One customer, note that this effectively replaces the . The comes with a higher annual fee than its predecessor: $ instead of . But if you spend more than $7,500 on the card in a year, the cash-back reward will offset the annual fee.

The  is also a , not a credit card — another notable difference from the . With a charge card, your balance is due in full every month. Late payments carry a 2.99% fee. Unlike a credit card, there is no option to make a minimum payment and carry the rest as a balance: You’re either on time or you’re late. Late payments could result in dings to your personal and business credit scores.

The has no preset spending limit, which is not the same thing as no limit. The spending limit varies depending on each cardholder’s payment history, credit profile and spending behavior.

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Business credit cards often pay a flat cash-back rewards rate on most items plus a higher rate for purchases in certain categories, like gas or office supplies. The offers % cash back on every purchase instead. If you don’t want to keep track of a card’s spending categories or if your business expenses don’t conveniently fall into those categories, then this card might be a good fit.

Further, unlike other cash-back business credit cards such as the , your reward rate doesn’t change no matter how much you spend on the . If you put major purchases on your card regularly, you could earn hundreds or thousands of dollars in rewards each year. Just make sure to pay off the card in full each month.

The essentially offers a double sign-up bonus: . That potential total easily outpaces the card's annual fee of $.

But you can offset that fee even after the welcome bonus period elapses, with an annual bonus from Capital One. The offers $200 to cardholders who spend $200,000 or more in a year. If you're planning to spend big, that bonus plus the rewards rate may make the  a smart choice.

The doesn't charge foreign transaction fees. Usually, credit card foreign transaction fees are around 3%, which can add up if you travel internationally or make purchases from overseas suppliers.

The is one of several

Other cards in the Spark family include:

Capital One doesn't charge foreign transaction fees on any of its credit cards. For more details, see.

The is a charge card. Instead of making a partial payment and carrying the rest of what you owe as a balance, you’ll have to pay off your balance each month or risk late fees — and possibly late payments noted on your credit report.

If your business cash flow is robust, that might not be a problem. But if you tend to carry a balance on your business credit card during leaner months, other options may be better for protecting your credit, even if you accrue some interest.

If you're comfortable with a charge card, you may also want to consider the . That card requires applicants to have at least $50,000 in the bank at all times to demonstrate their ability to pay, but it has no annual fee and doesn't require a personal guarantee.

See .

Because you can’t carry a balance on the , there is no introductory offer of a 0% intro APR period. If you’re hoping to use a new credit card to make a big purchase and then pay it off over several months, consider other options — like the  or the , which both offer 0% intro APR on purchases for the first 12 months.

As your business expenses grow, so do the rewards you could earn from the . If you appreciate the simplicity of no rewards categories and have international suppliers or travel expenses, this card could generate significant cash back for your business over time, outweighing its annual fee.

That said, if your business has unreliable cash flow or if you’re worried about potential dings to your credit score, a traditional business credit card might be a better fit than a charge card.