Capital One Spark Plus $1,200 Bonus

The Offer

Direct link to offer

  • Capital One is offering a bonus of up to $1,200 on the Spark Cash Plus card. Bonus is broken down as follows:
    • $500 once you spend $5,000 in the first three months
    • An additional $700 once you spend $50,000 in the first six months

Card Details

  • $150 annual fee not waived
  • Card earns 2% cash back on all purchases
  • Earn an annual $200 cash bonus every year you spend $200,000 or more

Our Verdict

Never heard of the Spark Cash Plus, looks the same as the Spark Cash but it has a $150 annual fee. Earlier in the year we’ve seen a $2,000 bonus, I’d recommend waiting for that to return. We won’t be adding this to the best credit card bonuses

Hat tip to JonLuca

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Parkerthon
Parkerthon

Are cap1 bonuses churnable? Debating whether I should close my spark account that I did the 2k bonus for a couple years back or downgrade it.

CM
CM

Is it fine to do 50k in MS these days? I thought there were new rules introduced in the last year for more bank reporting or something?

Amy Grant
Amy Grant

Is this still work

Jack
Jack

This is an upgrade if you spend $200K or more, I might do it.

Tony

Seems the link is no longer valid –

Darren
Darren

Does this pull Equifax I don’t trust the other two

Jordan (Professional MSer)

It’s Cap1. What do you think??

Sevillada
Sevillada

ALL OF THEM

Jordan (Professional MSer)

Cap1 will only approve those who have sub-par credit score. Don’t you want my money, Cap1?????

SF
SF

I got approved for Venture recently with almost 800 score 👀 was quite surprised. I also had just cancelled my Savor so not sure if that’s related.

Jordan (Professional MSer)

How many revolving accounts on your CR?

SF
SF

20 – is it better to have more or less?

Jordan (Professional MSer)

For Cap1, you’ll always get denied like me if you have too many accounts. I currently have 120+ active revolving accounts on my CR.

SF
SF

🤦🏻‍♀️ and here i thought 20 was a lot. welp, guess i got lucky there

vc
vc

“have 120+ active revolving accounts”
Wow, you really are a professional MSer.
SF You can only have X cap1 cards. It’s on the app page. You can also prequal. It’ll tell you if you have too many w them.

SF
SF

I heard about this but didn’t really think about it, and as I had just cancelled one card the timing worked out so I didn’t hit this limit. I thought the main rule is that they approve haphazardly with no rhythm or rhyme though 😅

Z
Z

Lol as someone who claims they are a professional MS’er I’d wager that you aren’t anywhere close.

P
P

Can’t get approved for any capital one credit cards even the ones with targeted codes they email to me that I feel like they’re just baiting.

Harcourt Fenton Mudd
Harcourt Fenton Mudd

High 800s. They have rejected me 2x in the past. Capital One is dead to me.
Mudd.

J2
J2

Cap one has always been an old stick in the Mudd, 😉

cameron
cameron

The spark cash (without the plus) is actually worth doing, if you are running out of decent business cards to get. No annual fee, $600 back on $5000 spend, and word on the street is it doesnt report to personba credit bureaus.

Chris

Thanks for the tip, friend. I just exhausted our US Bank CashBack biz cards so this is perfect.

cameron
cameron

Yep same here. I normally skip capital one but we already did us bank and several others.

Scotty
Scotty

THEY DO STILL REPORT. Idk where all this speculation that they don’t came from but they sent me a letter in May of this year CONFIRMING they still do report to personal.

Chris

Good to know… and @cameron they only show a $500 back on $4500 at the moment… still not terrible if you’re in Pop Up Hell + 5/24.

cameron
cameron

Here is Capital Ones’ official statement coming from a capital One spokesperson “ Our portfolio of small business credit cards report to both personal and business credit reporting bureaus. For new Spark Cash customers starting 10/20, Capital One will no longer report to personal credit bureaus as long as an account remains in good standing”

cameron
cameron

+2% = 590.

Sevillada
Sevillada

Thanks for that

cameron
cameron

T&C:
Will This Card Be Reflected On My Personal Credit Report?
Late payments, missed payments or other defaults on your account may be reflected on your personal credit report.

Will This Card Be Reflected On My Business Credit Report?
Several items may be reflected on your business credit report. Items may include but are not limited to statement balance, late payments, missed payments or other defaults.

Chris
Chris

By the fact that they pull the 3 bureaus, has a $150 annual fee, offers a lame SUB and also you have to pay in full every month as this is a charge card; for me is a NO

Joe
Joe

If you aren’t paying in full every month you shouldn’t be playing this game anyways, so that should be a non-issue.