Capital One Spark Cash Plus review: A business card built for high spending

Core Insights - The Capital One Spark Cash Plus is designed for high-spending businesses, offering significant cash-back rewards and a substantial welcome bonus for meeting spending thresholds [1][3][8] Group 1: Welcome Offer and Cash-Back Rewards - Businesses can earn a welcome bonus of $2,000 cash back after spending $30,000 within the first 3 months, plus an additional $2,000 for every $500,000 spent in the first year [3][9] - The card provides unlimited 2% cash back on all purchases, with a higher rate of 5% on hotels, vacation rentals, and rental cars booked through Capital One's travel site [4][8] Group 2: Annual Fee and Refunds - The card has a $150 annual fee, which can be refunded if the business spends at least $150,000 in a year [4][7] - Businesses must pay their balance in full each month to avoid late fees, as the card does not have a standard APR [7][14] Group 3: Additional Benefits - The card offers no foreign transaction fees, making it suitable for international purchases [11] - Free employee cards can be added, allowing businesses to track spending and set individual limits [7][8] - Cash-back rewards can be redeemed in various ways, including statement credits, gift cards, and covering past purchases [7][13] Group 4: Target Audience - The Capital One Spark Cash Plus is ideal for small business owners with high cash flow who can pay off their balance in full each month [8][9] - It is particularly beneficial for businesses that can meet the high spending requirements to maximize rewards and bonuses [9][10]