Earn up to $2,000 bonus cash back with Spark Cash for Business cards

Capital One Spark Miles Bonus

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Capital One has some special gifts in store for their cardholders this holiday season, including new travel partners and increased reward flexibility. They’ve also upped the intro bonuses on several of their cards, including the Capital One® Spark® Miles for Business.

If cash back is more your speed, don’t worry. The Capital One® Spark® Cash for Business also has a new intro bonus. Now, business owners can enjoy up to $2,000 in cash back after spending $50,000 in the first six months.

Unfortunately, not all Capital One business cards are boasting an inflated intro reward. The Capital One® Spark® Cash Select for Business card’s sign-up bonus was not raised. However, it’ll cost you a lot less in the first three months than the Spark Cash to earn your extra pocket change.

Which Capital One Spark Cash card is better in the first year?

In order to get the full $2,000 cash bonus for the Spark Cash card, you’ll have to spend $50,000 in the first six months. This is quite a large spend threshold to reach, especially if you work for a smaller business.

Regardless, the higher rewards rate on the Spark Cash card boosts your cash back potential. Plus, the initial $500 bonus is much easier to reach, and it is still $300 more than you’ll get with the Spark Cash Select.  

Here’s a quick breakdown of what you can expect to earn in rewards in the first year.


Spark Miles card
Spark Cash for Business
Spark Miles Select card
Spark Cash Select for Business

Rewards rate

  • 2% cash back on all purchases
  • 1.5% cash back on all purchases

Sign-up bonus

  • $500 cash bonus if you spend $5,000 in first 3 months
  • $1,500 additional cash bonus if you spend $50,000 in first 6 months
  • $200 cash bonus if you spend $3,000 in first 3 months

Annual fee

  • $95, waived first year
  • $0

Estimated earnings in first year ($8,400 monthly spend)

  • $4,016
  • $1,712

Even if your monthly spend is much lower, and you can’t grab the additional $1,500 bonus, the Spark Cash card has a rewards rate 25 percent higher than the Spark Cash Select. With the Spark Cash Select, you might not pay an annual fee, but you will take home much less in cash rewards each year. In fact, you only need to spend around $2,000 per month to make up for the Spark Cash card’s $95 annual fee and still earn more rewards.

Recent changes to the Spark Cash cards

The increased sign-up bonus for the Spark Cash card is a unique limited time offer that hasn’t been seen before. In general, both the Spark Cash and Spark Cash Select cards’ intro bonus have remained the same. 

Spark Cash for Business Card Recent Changes

Nov. 13, 2018

  • $500 when you spend $5,000 in first 3 months
  • Additional $1,500 when you spend $50,000 in first 6 months


$500 when you spend $4,500 in first 3 months


Spark Cash Select for Business Card Recent Changes

There have been no recent changes to the Spark Cash Select sign-up bonus.

Who is eligible for the sign-up bonus?

The Spark Cash sign-up bonus is a promotion for new cardholders, so existing or previous account holders are probably not eligible. Capital One also places a few limitations on who can apply. For example, you are not eligible for a Spark card if you have applied for another Capital One card two or more times in the last 30 days. You’re also limited to five open credit cards with the bank, so if you’ve already hit the cap, you won’t be able to take advantage of this offer.

Both the Spark Cash and Spark Cash Select cards require applicants with excellent credit (above 750). Because they are business cards, you’ll also have to provide information about your business. This includes your TIN or EIN (or SSN if you are a sole-proprietorship or single-member LLC), business ownership type, annual revenue and spend per month. There are no specified qualifications for these cards when it comes to business size or average spend, but it is still important that you have a good personal credit history.

Redemption options for Spark Cash cards

Once you’ve racked up cash back rewards on your Spark Cash or Spark Cash Select card, you have a few different redemption options. You can opt for the traditional statement credit or even set an auto-redemption at thresholds anywhere from $25-$200. You can also redeem your cash rewards for a check or a gift card.

Should you apply for a Spark Cash card now?

The inflated sign-up bonus on the Spark Cash card has never been offered before, and it is only around for a limited time. That means this is the best possible time to sign up for this card, especially if you have some large purchases to make and can grab the full $2,000.

See relatedCapital One to launch travel transfer partners for Venture cardholders in December, Capital One unveils upgraded Savor® card with $500 bonus, Redeeming your credit card rewards for moments and experiences

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Updated: 12-15-2018