By KBC Associate 
Capital One has an impressive lineup of credit cards, both for personal use and businesses. Making its mark on the premium travel space with the Capital One Venture X Rewards Credit Card, the issuer also offers the Capital One Spark Cash Plus card to business owners looking to earn substantial cash back on their everyday expenses.
This card comes with many perks, in addition to the opportunity to earn an impressive welcome bonus.
Here’s why now is a perfect time to add the Spark Cash Plus to your wallet.
A lucrative welcome offer
New Spark Cash Plus cardholders can earn a one-time cash bonus of $2,000 after spending $30,000 in the first three months of account opening. Plus, you’ll receive an additional $2,000 bonus for every $500,000 spent on the card in the first year.
In other words, opening the card now and spending $500,000 in the first year would result in a total of $14,000 in cash-back rewards, factoring in the welcome offer, the $2,000 bonus the first year, and the 2% cash back earning rate.
This is the standard offer on this card, so it may be worth waiting for a higher offer before applying.
There’s no denying that this is a high threshold to reach in order to earn the full bonus, but many small businesses require large investments in inventory, equipment or supplies on a regular basis. If you have large purchases on the horizon for your company, it could make a lot of sense to pick up this card.
The card has a $150 annual fee, which can be refunded every year if you spend at least $150,000.
Related: 10 ways to meet the spending requirements and earn the bonus on a new card
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Unlimited 2% cash back
Capital One is known for making it easy to earn and redeem credit card rewards; this definitely holds true for the Spark Cash Plus.
Cardholders earn an unlimited 2% cash back on every purchase. With no limits on spending categories to keep up with, you never have to worry about missing out on rewards.
You can also add employee cards for no additional fee, and you’ll earn an unlimited 2% cash back on all of those purchases, too.
No preset spending limit
The Spark Cash Plus doesn’t have a preset spending limit — a feature that business owners who need flexibility in their spending power can appreciate, since the card adapts to their needs based on their spending behavior as well as their payment and credit history.
Unlike standard credit cards, this means that your balance must be paid in full each month to avoid a late fee. As long as you’re able to pay off your statement each month, you’ll be able to enjoy the full benefits of the Spark Cash Plus.
Related: Charge card vs. credit card: What’s the difference?
Rewards don’t expire — ever
Unlike airline miles or hotel points — many of which expire when there’s no activity on your account for a certain amount of time — your cash-back rewards earned with the Spark Cash Plus don’t expire as long as your account remains open.
Cash back can be redeemed as a statement credit or for cash in the form of a check, and you can redeem for any amount you wish. However, if you also carry a Capital One credit card that earns Capital One miles, you can convert your cash-back rewards into miles. This can be quite lucrative for businesses that have large business expenditures.
Converting your cash back into miles allows you to transfer your rewards to any of Capital One’s 15-plus travel partners. You can maximize these miles by transferring them and booking premium cabin airfare in business and first class, or booking that luxurious hotel getaway.
Related: How to convert Capital One cash back into miles
Additional card benefits
The Spark Cash Plus comes with additional benefits to provide peace of mind for business owners. $0 fraud liability means you’re covered if your card (or one of your employees’ cards) is ever lost or stolen. And with no foreign transaction fees, you can use your card when traveling abroad without the need to budget for added costs.
Bottom line
Cash-back business cards offer tremendous flexibility with their rewards.
The Capital One Spark Cash Plus is most beneficial for businesses that have sizable expenditures in their business. The card earns an unlimited 2% cash back on every purchase. With no preset spending limit or category restrictions, it gives business owners the flexibility they need from month to month.
Finally, if you hold a card earning Capital One miles, you can easily transfer your cash back to the other card and maximize your rewards toward travel.
To learn more, check out our full review of the Spark Cash Plus.
Learn more: Capital One Spark Cash Plus
For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.