Capital One Spark bonus offers April 2024

The Capital One Spark Miles for Business * The information for the Capital One Spark Miles for Business has been collected independently by CNN Underscored. The card details on this page have not been reviewed or provided by the card issuer. credit card is a solid card option for small businesses, and the Capital One Spark Cash Plus * The information for the Capital One Spark Cash Plus has been collected independently by CNN Underscored. The card details on this page have not been reviewed or provided by the card issuer. isn’t far behind. Both cards are great choices for large businesses that want to earn uncapped rewards by paying their everyday business expenses with a credit card.

While we’ve seen massive welcome offers on these cards in the past, both cards currently come with smaller but still decent bonuses. They break down like this:

Capital One Spark Miles for Business * The information for the Capital One Spark Miles for Business has been collected independently by CNN Underscored. The card details on this page have not been reviewed or provided by the card issuer. : Earn 50,000 bonus miles after spending $4,500 in the first 3 months.

Capital One Spark Cash Plus * The information for the Capital One Spark Cash Plus has been collected independently by CNN Underscored. The card details on this page have not been reviewed or provided by the card issuer. : Earn a one-time cash bonus of $1,200 once you spend $30,000 in the first 3 months.

What if you want one of these cards but don’t have a business? We’ll get to that in a moment. But first —

Which Spark card should you choose?

Either of these cards is a good fit for many businesses — choosing one or the other just depends on your needs. If you don’t travel often or aren’t interested in earning travel rewards, you’ll probably want to go with the Capital One Spark Cash Plus * The information for the Capital One Spark Cash Plus has been collected independently by CNN Underscored. The card details on this page have not been reviewed or provided by the card issuer. , as it earns 2% cash back on all purchases. The Capital One Spark Cash Plus * The information for the Capital One Spark Cash Plus has been collected independently by CNN Underscored. The card details on this page have not been reviewed or provided by the card issuer. comes with a $150 annual fee, but you can get the fee refunded each year if you spend at least $150,000 on the card.

On the other hand, if you do have travel expenses or want to earn miles toward a great vacation, you should choose the Capital One Spark Miles for Business * The information for the Capital One Spark Miles for Business has been collected independently by CNN Underscored. The card details on this page have not been reviewed or provided by the card issuer. card. It earns 2 miles for every dollar you spend, plus an extra 3 miles for every dollar you spend on hotels or car rentals booked with the card through Capital One Travel, for a total of 5 miles per dollar on those purchases.

All those miles can be used to wipe away the cost of any travel purchases you make with the card by using the “Purchase Eraser” feature. You’ll get 1 cent in value for each mile when you redeem them that way.

That redemption rate means you’re basically earning at least 2 cents in rewards for every dollar you spend on the card, effectively the same as the Spark Cash. It also means that the 50,000-mile bonus is worth at least $500 in travel. However, where the Spark Miles card really differs from the Spark Cash is that the miles it earns can be transferred to 15 different airline partners, including airlines such as Air France, British Airways and Singapore Airlines and hotels like Wyndham and Accor.

It takes some research and flexibility to really maximize mileage transfers, but if you’re willing to put in the time and effort, you can end up with redemptions worth much more than the 1 cent per mile you’ll get when using the Purchase Eraser, which could make the 50,000-mile bonus worth even more than $500.

What if I don’t have a business?

The Spark cards are business credit cards and designed specifically for businesses, but that doesn’t mean you’re not eligible to get them just because you’re not a huge corporation. In fact, you might already have a business and not even know it. If you’re a rideshare driver, you sell products online or even if you just have a side hustle that you do in your spare time — basically, if you participate in the “gig economy” at all, you may very well have a business as a sole proprietor.

If so, you can legitimately apply for either of the Capital One Spark credit cards using your Social Security number instead of a company Employer Identification Number. And if your business is new, don’t let that dissuade you either — just be honest about your business and personal income on the application, and the fact that you’ve only been in business a short time.

Rewards on everyday spending, plus the bonus

Keep in mind that with either card, when you spend to earn the welcome bonus, you’ll also be earning either 2% cash back with the Capital One Spark Cash Plus * The information for the Capital One Spark Cash Plus has been collected independently by CNN Underscored. The card details on this page have not been reviewed or provided by the card issuer. or at least 2 miles per dollar with the Capital One Spark Miles for Business * The information for the Capital One Spark Miles for Business has been collected independently by CNN Underscored. The card details on this page have not been reviewed or provided by the card issuer. on that entire spending amount, meaning you’ll get an additional 9,000 miles from the Capital One Spark Miles for Business * The information for the Capital One Spark Miles for Business has been collected independently by CNN Underscored. The card details on this page have not been reviewed or provided by the card issuer. or $600 in cash back from the Capital One Spark Cash Plus * The information for the Capital One Spark Cash Plus has been collected independently by CNN Underscored. The card details on this page have not been reviewed or provided by the card issuer. . So when all is said and done, you’ll end up with $1,200 in cash back from the Capital One Spark Cash Plus * The information for the Capital One Spark Cash Plus has been collected independently by CNN Underscored. The card details on this page have not been reviewed or provided by the card issuer. , or at least 59,000 miles from the Capital One Spark Miles for Business * The information for the Capital One Spark Miles for Business has been collected independently by CNN Underscored. The card details on this page have not been reviewed or provided by the card issuer. .

So if you’ve been considering a business credit card and think either the Capital One Spark Miles for Business * The information for the Capital One Spark Miles for Business has been collected independently by CNN Underscored. The card details on this page have not been reviewed or provided by the card issuer. or the Capital One Spark Cash Plus * The information for the Capital One Spark Cash Plus has been collected independently by CNN Underscored. The card details on this page have not been reviewed or provided by the card issuer. might be right for you, make sure to grab one and start earning rewards for your everyday business expenses.