The Capital One® Spark® Miles for Business and Capital One® Spark® Cash for Business are two of the best Capital One credit cards, and also among the best business credit cards out there. Well, these cards now have incredible limited time welcome bonuses.
These two cards ordinarily offer welcome bonuses of up to 50,000 Spark miles and $500, respectively, upon completing minimum spend. However, at the moment they have big new limited time bonuses for any business that spends a lot on credit cards (unfortunately we don’t know when the limited time bonuses end).
Let’s look at the details of these offers.
Capital One Spark Miles 200K Bonus
The Capital One Spark Miles offers two Spark miles per dollar spent. The card has a $95 annual fee that’s waived the first year.
Spark miles can either be redeemed for one cent towards the cost of a travel purchase, or can be transferred to one of the Capital One airline partners at a ratio of up to 2:1.5.
The card ordinarily offers a welcome bonus of 50,000 Spark miles upon completing minimum spending, but for a limited time you can earn up to 200,000 Spark miles, as follows:
- Earn 50,000 Spark miles when you spend $5,000 within the first three months
- Earn an additional 150,000 Spark miles when you spend $50,000 within the first six months
In other words, if you spent a total of $50,000 on the card within six months you’d earn 300,000 Spark miles (200,000 bonus Spark miles, plus the 100,000 Spark miles you ordinarily earn for spending $50,000).
Those miles are enough for $3,000 worth of travel, which is pretty awesome. That’s the equivalent of 6% back towards travel. Those 200,000 Spark miles are also potentially enough to get 150,000 airline miles, or even more if there’s a transfer bonus.
Obviously this won’t be for every business — if you don’t spend that much on credit cards then you won’t be able to max this out, but for a business that spends a lot on credit cards (and there are lots out there), this is a great option.
Transfer your Spark Miles rewards to Air France-KLM Flying Blue
Capital One Spark Cash $2,000 Bonus
The Capital One Spark Cash offers unlimited 2% cash back. The card has a $95 annual fee that’s waived the first year.
The card ordinarily offers a welcome bonus of $500 upon completing minimum spending, but for a limited time you can earn up to $2,000, as follows:
- Earn $500 when you spend $5,000 within the first three months
- Earn an additional $1,500 miles when you spend $50,000 within the first six months
This means if you spent a total of $50,000 on the card within six months you’d earn $3,000 ($2,000 bonus through the welcome offer, plus the $1,000 you’d usually earn).
That’s the equivalent of 6% cash back on $50,000 spend, which is incredible.
As I said above, obviously this makes the most sense for businesses that spend a significant amount, so that you can max out this bonus.
Earn lots of cash back with the Spark Cash bonus
The Capital One Spark Miles for Business and Capital One Spark Cash for Business have long been excellent business cards. Now these cards have fantastic new welcome bonuses for businesses that spend a significant amount.
We saw similar limited time bonuses around the same time last year, but that’s otherwise the only time we’ve ever seen bonuses this big on these cards.
Hopefully lots of you can benefit from these great bonuses.