[Expired] Capital One Spark Cash Plus $3,000 Signup Bonus With $50,000 Spend

Update 3/15/22: The $3,000 offer is now expired. New bonus is $1,000 ($500 + $500).

Update 2/28/22: There is now an end date of 3/14/22 listed.

Update 2/1/22: A report indicates that there’s a better $3,500 offer available via business relationship manager. YMMV

The Offer

Direct Link to offer | Press Release

• Capital One is offering a $3,000 signup bonus on their business Spark Cash Plus card. Broken down as follows:
  • $500 bonus after spending $5,000 within the first 3 months
  • Additional $2,500 bonus after spending $50,000 within the first 6 months (an additional $45,000 in spend)

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
• Card earns cashback; if you have a different points-earning Capital One card (such as the Venture or Spark Miles), you’ll be able to transfer over the cash back into miles which could be more valuable

Our Verdict

The Spark Cash Plus card launched last year; it’s similar to the Spark Cash business card, but has a non-waived $150 annual fee. The regular Spark Cash card has had a $2,000 bonus with $50,000 spend in the past; this Spark Cash Plus $3,000 offer has the same $50,000 spend requirement.

Overall the signup bonus will get you a 6% bonus with $50,000 spend, plus the 2% regular cashback for a total 8% return on spend. (Deducting $150 for the annual fee would bring it down to 7.70%.) I’m thinking of giving this a shot and seeing if I can get an approval from Capital One. The spending is a challenge, but maybe with tax payments and the like I can come up with a way.

Remember, Capital One pulls all 3 credit bureaus. Unlike most Capital One business cards, Spark Cash cards do not report the statement balances to the personal bureaus; see these Things to Know About Capital One Credit Cards before applying. We’ll add this to our List of Best Credit Card Signup Bonuses.