Last Day: HUGE Spark Business Card Bonuses

Filed Under: Business, Capital One
The offers for the Spark® Cash from Capital One®, and Spark® Miles from Capital One® have expired. Learn more about the current offers here.

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.

For a few months now these cards have offered increased limited time bonuses. This is a reminder that the elevated bonuses on these cards expire tomorrow, Monday, January 27, 2020, so you have just one day left to take advantage of these great deals.

These two cards ordinarily offer welcome bonuses of up to 50,000 Spark miles and $500, respectively, upon completing minimum spending. However, with these limited time offers you can earn up to four times as many rewards with the bonus.

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.

Read a full review of the Capital One Spark Miles Card here.

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.

Read a full review of the Capital One Spark Cash Card here.

Earn lots of cash back with the Spark Cash bonus

You Are Eligible For Both Of These Cards

Note that the Spark Miles and Spark Cash are considered separate products, so if you have one of the cards then you’re still eligible for the other card (including the bonus).

You can read a comparison of the Spark Miles and Spark Cash products here.

That being said, you typically can’t get both cards during the same promotion period, due to Capital One’s general restrictions on being approved for cards:

  • Capital One pulls from three credit bureaus; personally I don’t find that to be a huge deal one way or another, but it’s worth being aware of
  • You typically can’t apply for two cards the same day; the second card (even if different) will automatically be marked as a duplicate
  • You can typically be approved for at most one Capital One card every six months, regardless of whether they’re personal or business cards
  • While I can’t personally vouch for this, I’ve heard that anecdotally Capital One business cards are often easier to be approved for than Capital One personal cards
  • Applying for Capital One business cards does count towards Chase’s 5/24 limit, if that’s something you’re concerned about

Bottom Line

The Capital One Spark Miles for Business and Capital One Spark Cash for Business have long been excellent business cards.

If you’ve been considering these bonuses but haven’t yet applied, you have just one day left to do so, as these offers are being pulled on January 27.

I have the Spark Miles personally, and I highly recommend it.

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Comments
  1. Every card signup comes with future credit protection, following whatever breach happens next.

    Thanks, Capital One. 😛

  2. Any idea when these offers will end? I need to wait as long as possible to apply because I’m working on other spend on a big bonus card.

  3. Business card that reports to personal Credit reports…if they did not do that would get this in a second. Thats the point of having a business entity.

  4. And again Lucky, you fail to mention the fact that these cards report to one’s personal credit reports, even though you do mention the fact that Capital One pull from Equifax, Experian and TransUnion for all applications.

    You do, however, make mention of business cards “typically” not counting toward 5/24 in other posts. Why do you continue to omit this fact from your write-ups of these products?

  5. @Thanks, Tye and others. I was tempted, but wasn’t aware of the 5/24 issue. Definitely will not apply. If failing to mention that was unintentional, it should be corrected, and if it was intentional, it really cuts into the site’s trustworthiness.

  6. @DaveS, this has been mentioned MANY times on his previous posts about this credit card. If it happened once, we could conclude that it was an unintentional omission. Considering @Lucky has NEVER added this correction to his following posts, we must conclude that this is intentional aimed at solely getting more commission. Sad.

  7. @ Ben — They do not take churners and they do three credit pulls. For many readers here, applying for this card is a bad idea. Think twice before you waste your pulls by applying for these cards. I will no longer do business with this horrible bank. They rank up there with Marriott for companies to avoid.

  8. Doesn’t seem like it covers travel protection for flight cancellations, weather delay etc. No bueno in that case.

  9. Be nice to Lucky. He’s just trying to create nights 9-56 of Hanukkah for himself.
    Not that I’m snarky, but here in Vegas, Bellagio doubles the buffet price on holidays…which of course is right now….as well as an amazing 64 other days.

    I’m asking for 14 weeks vacation

  10. Got this card last year with the 200K bonus. With the spending scored 2x CX business for BOS HKG CTU. However, transfer took a week IIRC. Transfer rate lower than Amex or Chase. Mixed feelings about this card. Personally don’t care about credit pulls.

  11. It reports to personal credit reports and to get the full signup you need 50k spend in six months and on top of that the points don’t even transfer 1:1. Not nearly worth all the hype it gets on blogs.

  12. Seriously Lucky, are you incapable of including the fact that this set of Business products appears on personal credit reports, even though you highlight the benefit of this not happening for the other Business products you promote?

    One could infer some worrying ethical concerns with your reporting given your continued refusal to report the facts.

  13. I fail to see why so many of you guys make such a big deal of it. Yes, Capital one business cards show up on your personal credit report. Yes, they make three credit pulls. So what? I just got the Spark miles and I will try like hell to spend $50,000 in the next six months. After that, the usage will go down. I have a few other business cards. So what if they report to my personal credit? After the initial six months it will just show up as a $25,000 credit limit card with almost no balance. But here’s the thing, if I am able to spend the $50k, together with my Venture card I will have around 500,000 points. That’s 375,000 miles for a number of airlines. I’d like you to tell me it wasn’t worth it then.

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