Only Hours Left! Earn Up To $3,000 Bonus Cash Back ($5,000 Total Cash Back Or 500,000 Points) On The Capital One Spark Cash Plus!

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Update: The Capital One Spark Cash Plus to earn up to $5,000 cash back points will be ending on March 11th!

Limited Time Offer: Earn Up To $3,000 Bonus Cash Back ($5,000 Total Cash Back Or 500,000 Points) On The Capital One Spark Cash Plus!

Limited Time Signup bonus:

Capital One has just launched a limited time offer for its Capital One Spark Cash Plus. The expiration date of this offer is unknown.

• You will earn $1,500 bonus cash back after spending $20,000 in the first 3 months.
  • • As you earn at least 2% back everywhere, that’s a total of $1,900 cash back after spending $20,000.
• You will earn another $1,500 bonus cash back after spending another $80,000, for a total of $100,000 in the first 6 months.
  • As you earn at least 2 points per dollar spent, that’s a total of $5,000 cash back points after spending $100,000.

That’s a big spending requirement, but could be worthwhile if you’re looking for a business charge card.

That’s a significantly better offer than the previous limited time offer of $1,200 cash back for spending $30,000 in 3 months.

You can earn this bonus even if you have had this card previously. You can get approved for this even if you recently were approved for the consumer Capital One Venture Rewards Credit Card X Rewards Credit Card, but you can’t get approved if you have the Capital One Venture Rewards Credit Card X Business Card.

If you have a Capital One Venture Rewards Credit CardOne Rewards Credit Card, Capital One Venture Rewards Credit Card Rewards Credit Card, Capital One Venture Rewards Credit Card X Rewards Credit Card, or Capital One Spark Miles for Business for Business card, you can transfer cash back into miles at $1 cash back to 100 miles ratio. That means you can convert the $5,000 cash back into 500,000 miles, where they can be much more valuable!

You can even transfer rewards to any other cardholder!

Annual fee: 

$150. Additional user cards are free.

Annual fee will be refunded if you spend $150,000 in a cardmembership year.

Credit reporting: 

Unlike most other Capital One cards, this card does not report spending on your personal credit report, so a high utilization rate of your credit line will not hurt your credit score.

It also means that it won’t hurt your Chase 5/24 count. 

Charge Card with no preset spend limit:

This is a charge card has no preset spend limit. It is a pay in full card with no APR as your balance is due in full monthly.

It can be easier to make big purchases with this card than with traditional credit cards that have a hard credit limit.

Card earnings: 

• 2% cash back everywhere.
• 5% cash back on hotels and rental cards booked via Capital One Travel.
• No foreign transaction fees.

Excellent MLB Redemptions

Capital One cardholders have access to exclusive tickets to special events such as All-Star Week, the MLB Postseason, and the World Series presented by Capital One.

Plus, you can redeem just $40 cash back for ultra-premium MLB seats in every ballpark, for every game. There are 4 tickets available for every game at that rate. The best time to buy is when each month’s games go live, which are posted here.

I have gone to games with amazing seats in NYC, DC, LA, Anaheim, Cincinnati, Cleveland, Dallas, Houston, Pittsburgh, San Diego, and San Francisco, and hope to go to many more to complete my 30 ballpark tour using my Capital One points at an excellent value!

Getting $200 seats for $40 is a great deal!

Card benefits: 

• Virtual card numbers for making online payments without your card number.
• Price protection for when items go down in price, up to $500/item and $2,500 per year within 60 days of purchase!
• Purchase protection for items damaged or stolen within 90 days, up to $10,000 per item.
• Rental car CDW insurance, primary coverage for rentals for business purposes.
• Extended warranty of 1 extra year, up to $10,000 per item.
• Lost Luggage Insurance, up to $3,000 per trip.
• Travel Accident Insurance, up to $250,000 per person.

Spend Threshold:

You’ll need to spend $20,000 on this card within 3 months for 150K bonus points and another $80,000 in 6 months for another 150K bonus points.

You can pay your federal taxes for a 1.82% fee. If you overpay your taxes you can request a refund or apply it to your next year’s taxes. If you paid $98,213 in taxes you would pay $1,787 in fees and earn $5,000 cash back!

See this post for more ideas on meeting a credit card spend threshold, including property taxes, local income taxes, and other bills via Paypal with no fees.

Airline and hotel transfer partners:

If you have a Capital One Venture Rewards Credit CardOne Rewards Credit Card, Capital One Venture Rewards Credit Card Rewards Credit Card, Capital One Venture Rewards Credit Card X Rewards Credit Card, or Capital One Spark Miles for Business for Business card, you can transfer cash back into miles at $1 cash back to 100 miles ratio. That means you can convert the $5,000 cash back into 500,000 miles, where they can be much more valuable!

You can also transfer cash back or miles to any Capital One cardholder!

You can transfer points from Capital One into these programs at the following ratios:

• Aer Lingus (1:1 via BA, No alliance)
• Aeromexico (1:1, SkyTeam)
• Air Canada Aeroplan (1:1, Star Alliance)
• Air France/KLM Flying Blue (1:1, SkyTeam)
• Avianca LifeMiles (1:1, Star Alliance)
• British Airways Avios (1:1, OneWorld)
• Cathay Pacific Asia Miles (1:1, OneWorld)
• EVA (2:1.5, Star Alliance)
• Emirates (1:1, No alliance)
• Etihad (1:1, No alliance)
• Finnair (1:1, OneWorld)
• Iberia (1:1 via BA, OneWorld)
• Qantas (1:1, OneWorld)
• Qatar (1:1 via BA, OneWorld)
• Singapore (1:1, Star Alliance)
• TAP Air Portugal (1:1, Star Alliance)
• Turkish Airlines (1:1, Star Alliance)
• Virgin Red/Virgin Atlantic (1:1, SkyTeam)
• Accor Hotels (2:1)
• Choice Hotels (1:1)
• Hilton Hotels (1:1.5 via Virgin)
• Wyndham Hotels (1:1)

You can also combine miles between Capital One miles cards, transfer cash back into miles, and you can transfer miles to any Capital One cardholder!

A nice perk is that after the 1,000 mile minimum transfer, you only need to transfer points in increments of 100, meaning you have fewer leftover points compared to other bank transfers.

• Air Canada awards start at just 6K miles on United, making for excellent bargains!
• Avianca Lifemiles awards start at just 6.5K miles on United. Or save up for the 194K miles you’ll need for a round-trip first class flight in First Class from the US to Tel Aviv on Lufthansa with access to their amazing first class terminal during your connection with a Porsche transfer to your plane.
• Turkish Airlines has an incredibly generous award chart, with bargains on United like domestic awards, including Hawaii, costing just 7.5K miles in coach or 12.5K miles in business class! Tickets to Israel cost just 32K miles in coach or 47K miles in business class!
• 7.5K Virgin Atlantic miles is enough for a Delta short-haul flight.
• 8.25K British Airways Avios are enough for short-haul flights worldwide.
• 37K Flying Blue miles is enough to fly nonstop on Delta between North America and Israel.
• 120K Aeroplan miles is enough for a round-trip business class award between North America and 2 European cities.
• With 90K Cathay Pacific Asia Miles miles you can book a round-trip business class award between North America and Europe.
• With 180K Qantas points you can fly round-trip in El Al business class between NYC and Tel Aviv with no fuel surcharges.
• With 102K Emirates miles you can fly in A380 Shower Class from JFK to Milan.
• With 163.5K Emirates miles you can fly in A380 Shower Class from JFK to Dubai.
• You can book Vacasa private homes for just 15K Wyndham points.
• And endless other possibilities!

Dan’s Quick Thoughts:

This is quite a lucrative signup bonus, if you can meet the minimum spending requirements.

The Capital One Venture Rewards Credit Card X Business Card also has a similar signup bonus, but you can only have 1 of these cards.

Personally, I prefer the consumer Capital One Venture Rewards Credit Card X Rewards Credit Card or the Capital One Venture Rewards Credit Card X Business Card as those can be effectively free after the travel credits, but if you just want cash back with the option of later converting to miles, this is a great card to have! Plus, if you do spend $150K in a calendar year, your annual fee will be refunded.

Will you signup for the Capital One Spark Cash Plus?