Capital One Spark 2% Cash Plus
- Annual Fee
- $150
- cash back · Welcome Bonus
- $2,000
- Highest rate (conditional)
- Up to 5% (Hotels Capital One)
Terms checked against the issuer on October 10, 2026
At a Glance
- Annual Fee
- $150
- Foreign Transaction Fee
- $0
- Network
- Visa Signature
- Rewards Currency
- Cash
- Point Valuation
- 1¢ (cash back)
- Credit Required
- Excellent
Welcome Offer
Bonus: $2,000 cash back
Spend: $30,000
Period: 3 months
Earning Rates
- 5%
Hotels Capital One
Earn unlimited 5% cash back on hotels booked through Capital One Travel
- 5%
Car Rentals Capital One
Earn unlimited 5% cash back on rental cars booked through Capital One Travel
- 5%
Capital One Travel
Earn unlimited 5% cash back on vacation rentals booked through Capital One Business Travel
- 2%
All Other
Unlimited 2% cash back on all other purchases — No annual cap
Benefits & Perks
Annual Credits & Statement Credits
1 creditsUp to
$150
in recurring credits (annual)
$150 annual fee refund with $150,000 annual spend
Get your $150 annual fee refunded every year you spend at least $150,000 (net purchases by your membership anniversary).
$150
Annual
Insurance & Protections
1 protectionsExtended Warranty
secondary
Get free additional warranty and protection on eligible items that you purchase with your card.
Program & Transfers
Cash Back Rewards
Reviews & Analysis
Third-Party Rankings & Ratings
| Publication | Rating | Rank | Notes |
|---|---|---|---|
| PointsNav | #5 of 119 |
Category Rankings (2 categories)
Pros and Cons
Pros
- +Unlimited 2% cash back on every purchase with no caps
- +5% cash back on hotels, vacation rentals and rental cars through Capital One Business Travel
- +No category restrictions or spending limits
- +Free employee cards with individual spending controls
- +Cash back redeemable anytime with no minimum threshold
- +No foreign transaction fees
Cons
- -$150 annual fee is refunded only in years you spend at least $150,000
- -High $30,000 spend requirement for welcome bonus
- -Requires excellent credit to qualify
- -No transferable points for travel redemption flexibility
- -5% bonus requires booking through Capital One portal
Who It's Best For
Best For
- High-spending businesses that want maximum cash back simplicity
- Companies with significant monthly expenses across all categories
- Businesses that book travel through Capital One Travel portal
- Owners who want unlimited 2% back without category restrictions
- Multi-employee businesses needing free additional cards
Not Ideal For
- Businesses with low monthly spending (fee may outweigh rewards)
- Those who prefer travel rewards or transferable points
- Startups or new businesses that may not meet credit requirements
- Companies that primarily spend in specific bonus categories available elsewhere
The Math: Is $150 Worth It?
First-year value includes $2,000 welcome bonus
Credit Utilization (60%)
Excludes earning value, lounge access, insurance, and elite status
Total Value Captured
$90
Annual Fee
-$150
Net Annual Value
-$60
Details & Terms
Application Rules
| Rule | Details |
|---|---|
| No CR | This business card will not show on your personal credit report, so it won't count against your 5/24 status |
| Cap One 1/6 | You won’t be approved for a second Capital One card if you’ve opened one in the past six months |
Payment Terms
| Purchase APR | 25.99% (Variable) |
| Foreign Transaction Fee | $0 |
Media & Resources
Card Design
Evidence Sources
| Source | Verified | Citation |
|---|---|---|
| CardRatings | — | CardRatings |
| CardRatings | — | CardRatings: Spend requirement |
| CardRatings | — | CardRatings: Bonus categories |
| RewardsCC API | — | RewardsCC API |
| Capital One | — | Capital One: Fees.annual fee.amount |
| Capital One | — | Capital One: Status |
| Capital One | Capital One |
Top brands for this card
Brands where this card's earn-rate structure makes it a strong choice. Open a brand for the full ranked list.