Capital One Spark Cash for Business Credit Card $1,000 Bonus

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Update 11/19: This offer appears to be expired. Many of the better deals don’t last very long.


Here’s a special link for the Capital One Spark Cash for Business Credit Card that includes a $1,000 cash bonus once you spend $10,000 on purchases within 3 months from account opening. There is a $59 annual fee that is waived for the first year. The fine print states that “Existing or previous Accountholders may not be eligible for this one-time bonus.” Note that there are multiple kinds of “Spark” cards, and even other offers for this Spark card with lower spending requirements and lower bonus sizes. Take a screenshot if you apply.

The spending requirement of $10,000 within 3 months is pretty high, but the Spark Cash for Business also a flat 2% cash back on all purchases so at least you won’t be giving up good rewards elsewhere. This also means that after you spend $10,000 within 3 months, you’ll get $200 cash back + $1,000 bonus cash = $1,200.

Here are the cash back redemption options:

How do I redeem my rewards?
You can get your cash back upon request in the form of a statement credit or a check. You can also set up an automatic redemption preference; options include: (1) at a set time each calendar year or (2) when a specific threshold ($25, $50, $100 or $200) has been reached. Just go online to or contact our Rewards Center. You can also redeem for credits for previous purchases, gift cards, and more. Rates for these redemption options may vary and are subject to change without notice.

Many people aren’t aware of the fact that they can apply for business credit cards, even if they are not a corporation or LLC. Why? Because any individual can be a business as well. The business type is called a sole proprietorship. Your business name is just your personal name, and your tax ID number is your Social Security Number. Whether you have a small business with just one employee or over 100, it is important to track your your business expenses and keep them separate from your personal finances. This applies even if you are starting out small with a blog/website, eBay, Etsy, Amazon store, Uber, Lyft, etc.

Bottom line. This special offer is perfect for someone with a small business that is looking to make a large purchase on equipment, raw materials, inventory, taxes, or advertising. If you put $10,000 on purchases within 3 months of account opening, you’ll get $200 cash back (2%) + $1,000 bonus = $1,200 total.

My Money Blog has partnered with CardRatings for selected credit cards, and may receive a commission from card issuers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned. is also a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. Thank you for your support.

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  1. Thanks! My property taxes are ~10k, fee to pay with credit card is 2.5%. So effective cost after their 2% back will be .5%, and then I’ll get back 1k. Nice timing.

  2. Todd Smith says:

    Fee says $99 not $59

  3. Joshua Katt says:

    This is a great card although I just closed mine to avoid the annual fee since Citi double cash does the same thing for free. They calculate and credit the 2% immediately at time of purchase instead of lagging 1 or 2 cycles ala Amex. One downside is that the horrible Quicken does not play nice with CO credit card so manual periodic downloading is necessary.

  4. Do cash advances typically count toward the $10k spending target or no?

    • From the terms:

      How do I earn rewards?
      You will earn 2% cash back on net purchases (purchases minus any credits or returns) only. Cash advances, balance transfers, and checks used to access your account are not considered purchases and will not earn rewards.

  5. Great blog – I appreciate being notified about these types of promotions. I always have a hard time remembering the tax implications of these promos.

    I’m certain that the 2% cash back on purchases isn’t taxable but is the $1000 bonus considered taxable income? I know bonuses for opening checking accounts, etc, are taxable but never remember re: credit cards.

    Thanks again1

    • I have never received a 1099 for any sort of credit card bonus. I believe the IRS has an understanding that credit card rewards and cash back is treated as a discount on your purchase, and I would think this is just “extra” cash back. For me, it’s credit card bonuses not taxable, bank account bonuses taxable. In my experience, brokerage account bonuses may or may not be reported on a 1099 (mostly not though).

  6. The link to the card doesn’t work.

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