Can You Get Both Spark Business Cards?

Filed Under: Capital One, Credit Cards
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Update: This article contains mentions of the Capital One® Spark® Cash for Business and the Capital One® Spark® Miles for Business whose terms have expired and are in the process of being updated. All other offers reflect accurate offer terms. Learn more about the current offers here.


Capital One has two excellent business credit cards, and at the moment they even have increased limited time bonuses. Note that these are only valid through January 27, 2020, so you have just over two weeks left to take advantage of the offers.

I’ve received some questions about the logistics of potentially getting both of these cards, so wanted to go over that in this post.

The Spark Business Bonuses

The Capital One® Spark® Miles for Business (review) has a $95 annual fee that’s waived for the first year, and offers a tiered welcome bonus of 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

Meanwhile the Capital One® Spark® Cash for Business (review) has a $95 annual fee that’s waived for the first year, and offers a tiered welcome bonus of up to $2,000, as follows:

  • Earn $500 when you spend $5,000 within the first three months
  • Earn an additional $1,500 when you spend $50,000 within the first six months

How Good Are These Bonuses Really?

With the Capital One Spark Cash you’re earning $3,000 after spending $50,000 on the card within six months ($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 of spending, which is incredible.

Meanwhile with the Capital One Spark Miles you’re earning 300,000 Spark miles after spending $50,000 on the card within six months (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.

The chart below shows the programs you could transfer to at a rate of up to 2:1.5.

AirlinesHotels
Aeromexico Club PremierAccor Live Limitless (ALL)
Air Canada AeroplanWyndham Rewards
Air France/KLM Flying Blue
Alitalia MilleMiglia
Avianca LifeMiles
Cathay Pacific Asia Miles
Emirates Skywards
Etihad Guest
EVA Air Infinity MileageLands
Finnair Plus
Hainan Fortune Wings Club
JetBlue TrueBlue
Qantas Frequent Flyer
Qatar Airways Privilege Club
Singapore Airlines KrisFlyer

Personally I have a preference for the Capital One Spark Miles for Business because I value airline or hotel miles for the flexibility, while someone who is looking for cash back can’t go wrong with the Capital One Spark Cash for Business.

See this post for how to decide which Spark Card is better for you.

Can You Be Approved For Both Spark Business Cards?

For those into miles and points, Capital One is generally not an issuer that’s talked about much (though that has changed recently, given their transferable points currency). Therefore we don’t have nearly as many data points when it comes to restrictions on being approved and earning welcome bonuses as we have with other issuers.

It’s interesting how Capital One has evolved the eligibility for the bonuses on these cards. Up until about a year ago, the terms for both applications stated the following:

The bonuses may not be available for existing or previous Spark cardholders.

That’s pretty vague. However, in the meantime they’ve updated the terms to make them much clearer:

The bonus may not be available for existing or previous Spark cardholders. These spend bonuses may be earned independently, meaning you may earn one or both.

As you can see, you can indeed earn the bonuses on both the Spark Miles and Spark Cash.

General Capital One Card Application Rules

Yes, over time you can be approved for both Spark Cash and Spark Miles products, but what about the general rules of being approved for Capital One cards? As a general rule of thumb:

  • 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
  • Many report that Capital One business cards are easier to be approved for than Capital One personal cards (which seems odd, but…)
  • 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

That last point is the biggest restriction here. Generally you can be approved for at most one Capital One card every six months, so that means realistically you couldn’t get both of these cards just weeks apart.

However, over time you absolutely can be approved for both of these cards.

Bottom Line

If you have the Capital One Spark Miles you are eligible for the bonus on the Capital One Spark Cash, and vice versa, which is great news. The major restriction you’ll face here is that you can generally only be approved for one Capital One card every six months.

As someone who picked up the Spark Miles over a year ago, I’m considering picking up the Spark Cash this time around, given the excellent bonus and the cash back rewards structure.

If you’ve been considering one of these cards but haven’t yet applied, you have until January 27 to do so.

Does anyone have both the Spark Cash & Spark Miles?

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Comments
  1. Lucky, you’ve failed to mention that Capital One business products are reported on one’s personal credit reports.

    Please correct.

  2. @Gene

    Never a one size fits all, might be good for one but bad for others.

    Maybe if you provide some reasons why it is a bad idea would give you a lot of credibility. Otherwise you are no different than a common troll.

  3. Approved for the miles card. Now how to get to $50,000 in 6 months is a different story…. Any tips on that?

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