In my recent post I discussed my latest round of credit card application. It was my first ever credit card application with Capital one (would you believe it?) and I was instantaneously approved for their Capital one Spark Cash Business Credit card with a $15,000 limit that I believe is an absolute gem of a card to earn cash back. The current offer on this card is $500 cash back after you finish spending $4500 in three months. Here are some benefits of this card
- Earn 2% cash back on every purchase, every day
- Plus, a one-time $500 cash bonus once you spend $4,500 on purchases within the first 3 months
- Cash rewards don’t expire, and there are no categories to limit where or what you buy
- $0 intro annual fee for the first year; $59 after that
- Redeem cash rewards anytime, for any amount, even set up automatic redemption
- No foreign transaction fees
- Earn unlimited cash rewards that don’t expire
As soon as I received my card in the mail I headed to Simon mall to purchase necessary gift cards and finish the minimum spending requirement and Hallelujah my bonus of $592.92 posted within 48 hours which is cool as I do not have to wait for my statement to close to receive the cash back bonus. The extra $92.92 on top of the $500 is from the 2% cash back on purchases I’ve made so far on this card. There is no limit to the cash back you can earn using this card.
The redemption process is also nice. Below is a snapshot of what it looks like –
I will be requesting a statement credit for the bonus I have earned so far (no particular reason) just to keep it simple and I have no need for gift cards.
I highly recommend if you have a business or even if you are planning to start a business you could easily qualify for this card (pending EXCELLENT CREDIT i.e typically credit score of 720 or higher). You also do not need an Employee Identification number (EIN) while applying (although it’s better if you have one) and can enter SSN instead of EIN while completing the application. I know some readers got approved for this card by using their SSN. But applying for EIN is free and can be done at the IRS website here. – LINK.
If you have a score below 720 I do not recommend applying for this card but always use your best judgement. Here are some other credit cards that are offering bonus cash back
- Capital One® Quicksilver® Cash Rewards Credit Card – $100 cash back after you spend $500 in three months
- BankAmericard Cash Rewards™ Credit Card – $100 cash back after you spend $500 in three months
- MLB® BankAmericard Cash Rewards™ MasterCard® Credit Card – $100 cash back after you spend $500 in three months
- Upromise World MasterCard® – $50 cash back after you spend $500 in three month. Also, earn up to 10% cash back on eligible purchases at participating online shopping and travel partners through Upromise.com
- Blue Cash Preferred® Card from American Express – $150 cash back after you spend $1000 in three monhs. Earn Cash Back: 6% US supermarkets up to $6,000 per year in purchases, 3% US gas stations & select US dept stores, 1% other purchases
- Blue Cash Everyday® Card from American Express – $150 cash back after you spend $1000 in three months
- U.S. Bank Cash+™ Visa Signature® Card – $100 cash back after you spend $500 in three months.
Also, 5% cash back on your first $2,000 in combined net purchases each quarter on two categories you choose,2% cash back on your choice of one everyday category (like gas or groceries) and 1% cash back on everything else
- NFL Extra Points Credit Card – Earn 10,000 bonus points after $500 in purchases in the first 90 days, enough to redeem for a $100 cash back statement credit
- Citi ThankYou® Preferred Card – Earn 20,000 bonus ThankYou® Points after $1,500 in card purchases within 3 months of account opening – redeemable for $200 in gift cards or other great rewards
- Chase Freedom® – Earn a $100 Bonus after you spend $500 on purchases in your first 3 months
- Ink Cash® Business Credit Card – Earn $200 bonus cash back after you spend $3,000 on purchases in the first 3 months
- Citi ThankYou® Premier Card details – Earn 50,000 bonus ThankYou Points after $3,000 in purchases within the first 3 months of account opening – redeemable for $500 in gift cards, $625 for airfare
- Capital One® Spark® Cash Select for Business – $200 cash bonus once you spend $3,000 on purchases within the first 3 months
- Capital One® Spark® Miles for Business details – 50,000 miles once you spend $4,500 on purchases within the first 3 months. Redeem miles for travel, cash back, gift cards, and more
- Capital One® Spark® Cash for Business details – 500 cash bonus once you spend $4,500 on purchases within the first 3 months (The one I applied for). Earn 2% cash back on every purchase, every day