Capital One Spark Business Cards Now $500/50,000 Mile Bonuses After $4,500 In Spend

The Offer

Capital One has increased the sign up bonus on both their Capital One Spark Cash & Capital One Spark Miles credit cards. The offers are as such:

capital one spark cash

The Fine Print

  • Annual fee of $59 is waived the first year on both cards
  • Cash card earns at 2% cash back on all purchases, miles card earns at 2x miles on all purchases
  • No foreign transaction fees
  • EMV Chip

Our Verdict

The big downside to Capital One is that they pull all three credit bureaus when you apply for one of their cards (read this post to understand why this is important). I think I’m still going to pull the trigger on this card, I’ve been uhming and ahhing for awhile (when the bonus was $300). Here is my plan:

I’d end up needing to spend a total of $7,500 and I’d receive $500 in cash and 40,000 miles (these miles are worth 1¢ each). Basically I’d be getting $900 in sign up bonus value and earning 2% cash back on the $7,500 and in return I’d get three hard pulls, that’s $300 per hard pull and something I’m more than happy with.

[Read: Best credit card cash sign up bonuses]

I could take it one step further and also apply for the Capital One quicksilver card, that only has a bonus of $100 but it also gets 21.5% cash back on Uber rides (and two free rides) until April, 30th, 2016. I also have a business which makes applying for this card a bit easier, I’m not sure how lenient capital one are with people applying using SSN and new businesses.

Am I being crazy here or is this actually a good plan? What are your thoughts? Let me know people! Also a warning about getting inquiries combined, if you’re not instantly approved Capital One seems to pull your report again if you call reconsideration (no personal experience with this).

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Christopher
Christopher (@guest_839092)
November 9, 2019 17:32

DP:
8/25: Opened account
11/7: Min spend met
11/8: $500 “Spend Bonus” added to account

Frito Pendejo
Frito Pendejo (@guest_502235)
October 27, 2017 12:22

Wife auto-approved for CapOne Spark. 6 new personal accounts + 2 biz accounts in ~1yr.

Alex
Alex (@guest_388146)
April 12, 2017 01:02

Any DPs for waiving annual fee?

Elliot
Elliot (@guest_159643)
August 14, 2015 04:37

Someone on flyertalk reported their card being shut down for ~5 NW Buxx loads.

Akshay
Akshay (@guest_155765)
August 6, 2015 00:09

This card MS Friendly?
Can this card used for Buxx funding?

Craig
Craig (@guest_151316)
July 27, 2015 20:37

Data point that I applied for the Sparks Cash and the Venture a few hours apart (same day) and was approved for both. $5k credit line for Sparks ($1400 revenue business) and $15k credit line for Venture.

Another Justin
Another Justin (@guest_154579)
August 3, 2015 18:35

I also just applied for a $500 targeted offer for Spark Business plus the Venture card in the same day, approved for both. I’ll see if they combined the credit pulls, but I’m not too worried about it. In my state, it costs $10 every time you set/undo a credit freeze, so I didn’t bother freezing Experian.

anthonyjh21
anthonyjh21 (@guest_191687)
October 30, 2015 01:15

Results?

smith
smith (@guest_144385)
July 12, 2015 20:08

All this talk of freezing Experian in the post, but no mention of instructions on how best to do that. So, how to freeze Experian?

Mayday
Mayday (@guest_131646)
June 9, 2015 11:52

Can one person apply for the Spark Miles and Spark Cash on the same day and get both bonuses?

Daniel
Daniel (@guest_136942)
June 20, 2015 20:01

Just want to report that I applied for both cards on the same day and was surprised that I was approved a couple of weeks later. Let the MS begin!!!

Jonathan
Jonathan (@guest_191505)
October 29, 2015 13:16

Did you end up receiving the bonus on both business cards ?

The terms say “Existing or previous Spark cardholders may not be eligible for this one-time bonus.”

I already have the Spark Cash card – Would love to also get the Spark Miles card but I am worried that I won’t be entitled to another $500 bonus.

Elle
Elle (@guest_201198)
November 23, 2015 17:49

I had the Spark Cash and applied for two Spark Miles 50000 at the same time. Got the bonus on both.

anthonyjh21
anthonyjh21 (@guest_191688)
October 30, 2015 01:16

A couple of weeks later? Did you check your credit to see if you were dinged with 6 pulls? (or 4 if you froze experian)

MNFlying
MNFlying (@guest_129909)
June 6, 2015 15:03

I had wife apply for Spark and Venture on the same day. Ended up with two pulls each on TU and EQ. (had Experian froze.) The Venture pull came a full week after the Spark pull.

Oren
Oren (@guest_124084)
May 22, 2015 19:19

Why not two venture cards while you are at it?