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Capital One Spark Cash Plus vs The Business Platinum Card® from American Express
This comparison aims to help users decide between the Capital One Spark Cash Plus and The Business Platinum Card® from American Express. Each card offers unique features and benefits tailored to different business needs and spending habits.
Card Overviews
Capital One Spark Cash Plus
The Capital One Spark Cash Plus is designed for businesses that want to earn cash back on every purchase without worrying about categories or limits. With a focus on straightforward rewards, it is ideal for business owners looking to maximize their cash back potential with flexible spending options.
The Business Platinum Card® from American Express
The The Business Platinum Card® from American Express caters to frequent travelers and those seeking premium benefits. It offers extensive rewards on travel-related purchases and provides access to airport lounges, making it a valuable option for business professionals who travel often.
Detailed Feature Comparison
| Feature | Capital One Spark Cash Plus | The Business Platinum Card® from American Express |
|---|---|---|
| Annual Fee | $150 | $695 |
| Welcome Bonus | $2,000 once you spend $30,000 in the first 3 months | 150,000 Membership Rewards points after spending $20,000 in the first 3 months |
| Rewards Structure | 2% cash back on every purchase; 5% on hotels and rental cars via Capital One's site | 5X points on flights and prepaid hotels booked at AmexTravel.com; 1X on other purchases |
| Foreign Transaction Fee | None | None |
| Other Fees | None | Various fees apply for certain services |
| Additional Benefits | Free employee cards, sync transaction data with accounting software | Access to 1,400+ airport lounges, $200 airline fee credit, and more |
Rewards Highlights
Capital One Spark Cash Plus
- Earn a one-time cash bonus of $2,000 once you spend $30,000 in the first 3 months.
- Earn an additional $2,000 cash bonus for every $500K spent during the first year.
- Earn unlimited 2% cash back on every purchase, everywhere—with no limits or category restrictions.
- Earn unlimited 5% cash back on hotels and rental cars booked through Capital One's travel booking site.
The Business Platinum Card® from American Express
- Earn 5X Membership Rewards® points for flights, prepaid hotels, and short-term rentals booked at AmexTravel.com.
- Earn 1.5X points on each eligible purchase at specific suppliers and for purchases of $5,000 or more (up to $2 million per year).
- Earn 1X points on other eligible purchases.
Pros and Cons
Capital One Spark Cash Plus
- Pros:
- Unlimited 2% cash back on all purchases.
- No foreign transaction fees.
- Free employee cards available.
- Annual fee can be refunded based on spending.
- No preset spending limit.
- Cons:
- Welcome bonus requires high spending threshold.
- No premium travel benefits.
The Business Platinum Card® from American Express
- Pros:
- Extensive travel rewards and benefits.
- Access to a large network of airport lounges.
- Multiple statement credits for various purchases.
- High welcome bonus with additional travel benefits.
- Cons:
- High annual fee.
- Complex rewards structure.
Who Should Consider Which Card?
- The Capital One Spark Cash Plus is ideal for business owners who prefer straightforward cash back and have significant monthly expenses, especially those who do not travel frequently.
- The The Business Platinum Card® from American Express is best suited for frequent travelers and business professionals who can take full advantage of travel perks and are willing to pay a higher annual fee for premium benefits.
Conclusion
Ultimately, choosing between the Capital One Spark Cash Plus and The Business Platinum Card® from American Express depends on your spending habits and financial goals. Consider what features matter most to you, such as cash back simplicity versus travel rewards, to make the best decision for your business needs.