Best-Ever Capital One Spark Cash Plus $2,000 + $ 500 Credit Bonus Offer

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The Capital One Spark Cash Plus is one of the best business cards out there, whether you’re looking to earn cash back or travel rewards. For quite some time, we’ve seen a best-ever offer on the card, making it the ideal time to apply.

Well, Capital One has just sweetened the deal even more, by adding a travel portal credit on top of the previous bonus. If you can reach the spending requirement and are eligible, then this is totally worth taking advantage of.

Link: Learn more about the Capital One Spark Cash Plus with a $2,000 bonus offer, and more!

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What is the current Capital One Spark Cash Plus bonus?

The Capital One Spark Cash Plus is currently offering a limited time welcome bonus where you can earn a one-time cash bonus of $2,000, plus a $500 Capital One Business Travel credit, after spending $30,000 within the first three months. This is a phenomenal welcome bonus.

Keep in mind it doesn’t factor in the typical 2% cash back that you earn, so really you’d earn a minimum of $2,600 cash back after spending $30,000, plus the $500 travel credit. That travel credit is valid for 15 months from account opening, and you can use it across one or more transactions, so you could use it for a $500 flight or hotel stay, for example.

Additionally, if you’re a very big credit card spender, you can earn an additional $2,000 cash bonus for every $500,000 spent during the first year. You can earn this bonus multiple times over the course of your first year of card membership. Obviously that’s not for everyone, but the card has an industry leading return on spending already, and this only makes it better.

As I’ll cover below, you can potentially get even more value by converting these rewards into Capital One miles.

Spend cash back earned with the card however you’d like

How rewarding is the Capital One Spark Cash Plus?

For those not familiar with the $150 annual fee Capital One Spark Cash Plus, this is one of the most rewarding business cards out there, and one of the all-around best cash back cards:

The card offers unlimited 2% cash back, making it one of the best cards for everyday spending
The card offers an additional $150 cash back when you spend $150,000 on the card in a year, so it’s especially rewarding for big spenders; think of the card as offering a refund of the annual fee for big spenders
The card is a charge card, so has no pre-set spending limit, making it ideal for big purchases
The card has no foreign transaction fees, so you can earn 2% cash back globally

Read a full review of the Capital One Spark Cash Plus.

Earn huge rewards with the Capital One Spark Cash Plus

Can cash back be converted into Capital One miles?

One awesome thing about the Capital One Spark Cash Plus is that you can convert cash back into Capital One miles at the rate of one cent per mile.

If you have the Capital One Spark Cash Plus in addition to a card like the Capital One Venture X Rewards Credit Card (learn more), Capital One Venture Rewards Credit Card (learn more), or Capital One Venture Business (learn more), then each cent can be converted into one Capital One mile.

Personally I value Capital One miles at 1.7 cents each, meaning that the $2,000 bonus is potentially worth $3,400 (based on my valuation of 200,000 Capital One miles), and that doesn’t include the $500 travel credit, which potentially brings the value to $3,900. If you’re able to pull off the spending requirement, this is an excellent return for such a large amount of spending.

Redeem Capital One miles for Emirates first class

Can you get approved for the Capital One Spark Plus?

All card issuers have some general application restrictions. However, Capital One probably has among the fewest consistent restrictions.

Specific to the Capital One Spark Cash Plus, the welcome offer on the card isn’t available to those who already have the card, or those who who currently have the Capital One Venture X Business (learn more). Otherwise eligibility is unrelated to having any other Capital One card.

Read my guide to getting approved for the Spark Cash Plus.

Instant approval on the Spark Cash Plus!

Capital One Spark Cash Plus welcome bonus FAQs

What is the highest welcome bonus for the Capital One Spark Cash Plus?

The Capital One Spark Cash Plus currently has a welcome bonus that can earn you $2,000 cash back plus a $500 Capital One Business Travel credit upon completing minimum spending. There are potentially even higher thresholds for earning rewards.

What is the rewards structure of the Capital One Spark Cash Plus?

The Capital One Spark Cash Plus offers unlimited 2% cash back, which is a very competitive rewards structure. If you ask me, this is the gold standard of credit card rewards.

Does the Capital One Spark Cash Plus earn miles?

While the Capital One Spark Cash Plus is officially a cash back card, rewards can be converted into Capital One miles at the rate of one cent per mile, in conjunction with a card earning Capital One miles. This includes cards like the Capital One Venture and Capital One Venture X.

Who is eligible for the Capital One Spark Cash Plus bonus?

The Capital One Spark Cash Plus welcome bonus isn’t available to existing or previous cardmembers of this exact card. Furthermore, the bonus may not be available to you if you also currently have the Capital One Venture X Business.

Bottom line

The Capital One Spark Cash Plus has an excellent welcome bonus, which can earn you $2,000 cash back (or 200,000 Capital One miles) plus a $500 Capital One Business Travel credit. This is an incredible welcome offer that I value at up to $3,900.

If you are in a position to complete the spending requirement, this is a phenomenal bonus on a great card. The only other consideration is that there’s also merit to picking up the Capital One Venture X Business, which also has an excellent bonus, so that could be worth considering if you’re looking to use the card for travel.

Do you plan on picking up the Capital One Spark Cash Plus?

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