Capital One's Spark Cash Credit Card now boasts a lucrative welcome bonus of $1,500
The Capital One Spark Cash card is making waves in the world of small business credit cards, with its latest offer providing a significant incentive for new applicants.
The Capital One Spark Cash Card currently offers a $1,500 welcome offer, making it an attractive choice for businesses looking to maximise their rewards. To earn this bonus, new applicants must spend $15,000 on their card within the first 3 months from account opening. This amounts to a 10% return on spending, making it an excellent opportunity for businesses to boost their cash flow.
The card offers unlimited 2% cash-back on all purchases, making it a versatile option for businesses of all types. Additionally, it provides 5% cash-back on hotels and rental cars booked through Capital One’s travel booking site.
Numerous businesses qualify for a business credit card, and the Capital One Spark Cash card is no exception. Even if you don't run a large-scale operation, you could still be eligible. So, whether you're a freelancer, a small retailer, or a service provider, this card could be a valuable addition to your financial toolkit.
To meet the $15,000 minimum spending requirement, it's essential to plan your business spending activities strategically. This involves concentrating expenses on the card early in the account period. Strategies include using the card for all routine expenses like office supplies, internet, utilities, phone bills, and subscriptions. Paying vendor and supplier bills normally paid by check or ACH via the card, prepaying recurring expenses, purchasing business supplies or materials in bulk, and using the card to pay employee expenses and reimburse them can all help accelerate spending.
Booking business travel and accommodations early and charging them to the card can also help, as you'll earn 5% cashback on hotels and rental cars booked via Capital One’s travel portal. Leveraging employee cards provided at no extra cost can also spread business purchases across multiple people.
It's important to note that the spending requirement for this offer is significantly lower than the card's previous highest-ever offer, which required $30,000 in spending for a $2,000 bonus. This makes the current offer more attainable for businesses of all sizes.
Since the card has no preset spending limit, you can theoretically charge large sums upfront depending on creditworthiness. However, excellent credit and business stability are recommended to ensure approval and spending flexibility.
In sum, the most effective approach is to consolidate all eligible business expenses onto the card as soon as possible and time any significant payments or purchases within the first 3 months to meet or exceed the minimum spending requirement efficiently. With its generous welcome offer and unlimited 2% cash-back, the Capital One Spark Cash card is a compelling choice for small businesses looking to optimise their financial rewards.
[1] The Capital One Spark Cash card offers a $1,500 welcome offer. [2] To earn this bonus, new applicants must spend $15,000 on their card within the first 3 months from account opening. [3] This latest offer provides a 10% return on spending. [4] The card has no preset spending limit. [5] However, excellent credit and business stability are recommended to ensure approval and spending flexibility.
- The Capital One Spark Cash card currently offers a $1,500 welcome offer, making it a lucrative opportunity for businesses that spend strategically.
- To maximize this offer, new applicants need to spend $15,000 on their card within the initial 3 months, which yields a 10% return on spending.
- Although the Capital One Spark Cash card has no preset spending limit, having excellent credit and business stability increases approval odds and guarantees spending flexibility.
