Capital One Spark Cash Plus by Capital One: 2% everything else. $150 annual fee. Rates and credits verified from issuer pages.
The Capital One Spark Cash Plus is Capital One's mid-tier credit card. The $150/yr annual fee includes a $2,000 cash welcome bonus after spending $30,000 in the first 3 months. Beyond the welcome bonus, here's what the card actually delivers.
| Credit | Value | What it covers |
|---|---|---|
| $150 annual fee refund | $150/yr | $150 statement credit each year when the cardholder spends at least $150,000 in net purchases by the membership anniversary date. Effectively waives the $150 annual fee for high-volume spenders. Statement credit posts within 2 billing cycles following anniversary. |
Welcome bonus value (year one): ~$2000. Annual statement credits: $150. Minus the $150 annual fee = ~$2000 in year-one net value before any spending earn. RewardsGuru rating: 4.6/5 — based on our net-value methodology.
Best fit: small-business owners who can run business expenses through one card and want the welcome bonus + category multipliers. Skip if: you don't have separate business spend or you'd struggle to hit the welcome-bonus spending requirement.
$2,000 cash back after spending $30,000 in the first 3 months.
Year-one math: welcome bonus value (~$2000) + annual credits ($150) − $150 fee = ~$2000 net before spending earn. Year-two onward, the credits alone need to clear $150 — they do. Worth it if you'll use the credits, skip if you'd let them expire.
1 recurring statement credit: $150 annual fee refund ($150/yr). Total: $150/yr.
Check the card's terms — most premium travel cards waive foreign transaction fees, while no-fee and entry-tier cards usually charge 2-3%. Capital One's product page has the current rate.