Capital One’s Massive New $2,000 Intro Offer: Everything You Need to Know

Capital One’s Massive New $2,000 Intro Offer: Everything You Need to Know

Advertiser & Editorial Disclosure

CapitalOne, always a solid choice for business owners looking for business credit cards, is coming through big this time. Effective 10/22/2019, the Capital One® Spark® Cash for Business and Capital One® Spark® Miles for Business will be rolling out much bigger, much improved limited time welcome offers.

Both cards are aimed more towards big spenders and waive the annual fee after the first year, and this new opportunity to earn big gives even more incentive to apply and wield this card for daily business purchases.

Capital One® Spark® Cash for Business

Limited Time Offer: Earn up to $2,000 in cash bonuses. Earn a $500 cash bonus when you Learn More

Capital One® Spark® Miles for Business

Limited Time Offer: Earn up to 200,000 bonus miles worth up to $2,000 to spend on travel— Learn More

New Limited-Time Offers

The Capital One® Spark® Cash for Business formerly offered a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening. Under the limited time offer, you can earn up to $2,000 in cash bonuses. Earn a $500 cash bonus when you spend $5,000 in the first 3 months and earn $1,500 when you spend $50,000 in the first 6 months of your account opening. 

The standard earning rate for the term of your card membership will remain the same at 2% Cash Back for your business on every purchase, everywhere. But this offer of up to $2,000 won’t be around forever.

As for the Capital One® Spark® Miles for Business, the offer is equally impactful if not more so. Previously, you could earn 50,000 Miles once you spend $4,500 on purchases within 3 months from account opening. The limited-time offer allows you to earn up to 200,000 bonus miles worth up to $2,000 to spend on travel—flights, hotels and more.

With respective increases of $1,500 and 150,000 miles, the Capital One® Spark® Cash for Business and Capital One® Spark® Miles for Business are here to help take your business to the next level.

And this isn’t just any limited-time offer, this type of offer is rare in the business credit card world. Many cards offer limited-time offers, but it’s not common to see this type of lift.

This is a big deal. Huge.

Keep in mind that both cards come with a $95 annual fee which is waived for the first year, but with this type of earning potential, you can earn that annual fee several times over just by going about business as usual.

Using Your Rewards

The increased value is certainly easier to see for the Capital One® Spark® Cash for Business; another $1,500 can work wonders for your small business, but what about the extra miles with the Capital One® Spark® Miles for Business?

Rewards miles, when not restricted to a certain airline, can be valued at about 1 cent apiece. This means that the additional miles with the Capital One® Spark® Miles for Business equals out to about the same as the additional $1,500 with the Capital One® Spark® Cash for Business. Either way, you can win big.

An extra $1,500 can help pay down debt to build your business credit score, to help purchase equipment for your business, or help with a new marketing campaign. Rewards miles can also help build your business by taking you to see clients face to face or even allow you to incentivize performance for your employees with a free flight.

Alternatives

If you’re not able to qualify for either of the above options, there are still other options available to you, although they may not have such generous offers for you.

For more options, see Nav’s articles on the best travel credit cards or best rewards credit cards for your small business. You can also check your personal and business credit scores for free with Nav, to get your business in a better position to qualify for financing.

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One response to “Capital One’s Massive New $2,000 Intro Offer: Everything You Need to Know

  1. Can I get two CapitalOne Spark Cash business credit cards? I already have one for my S-corp and the card works well with my business model. My second business is a sole proprietorship. Wondering if I qualify for the bonus on the second card if I apply.