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Capital One Spark Cash vs IHG One Rewards Premier Credit Card
This comparison aims to help you decide between the Capital One Spark Cash and the IHG One Rewards Premier Credit Card. Both cards offer unique benefits tailored to different types of users, so understanding their features can guide you towards the best choice for your financial needs.
Card Overviews
Capital One Spark Cash
The Capital One Spark Cash is designed for businesses seeking straightforward cash back rewards. It provides unlimited 2% cash back on all purchases, making it ideal for those who want a simple rewards structure without categories or limits. The card also offers a generous welcome bonus and additional perks for business owners.
IHG One Rewards Premier Credit Card
The IHG One Rewards Premier Credit Card caters to avid travelers and IHG hotel guests. It offers substantial rewards points for stays at IHG properties and provides various travel-related benefits, including an annual free night and elite status. This card is perfect for those who frequently travel and stay at IHG hotels.
Detailed Feature Comparison
| Feature | Capital One Spark Cash | IHG One Rewards Premier Credit Card |
|---|---|---|
| Annual Fee | $0 intro for first year; $95 after that | $99 |
| Welcome Bonus | Earn $750 cash back once you spend $7,500 in the first 3 months | Earn 140,000 Bonus Points after spending $3,000 in the first 3 months |
| Rewards Structure | 2% cash back on every purchase | Up to 26 total points per $1 at IHG Hotels; 5 points on travel, gas, and restaurants; 3 points on all other purchases |
| Foreign Transaction Fee | None | None |
| Other Fees | No additional fees | No additional fees |
| Additional Benefits | Free employee cards, unlimited cash back, rewards don’t expire | Anniversary free night, automatic Platinum Elite status, Global Entry/TSA PreCheck credit |
Rewards Highlights
Capital One Spark Cash
- Earn $750 cash back once you spend $7,500 in the first 3 months from account opening
- 5% cash back on hotels and rental cars booked through Capital One Travel
- 2% cash back on every purchase
IHG One Rewards Premier Credit Card
- Earn 140,000 Bonus Points after spending $3,000 on purchases in the first 3 months from account opening
- Earn up to 26 total points per $1 spent when you stay at IHG Hotels & Resorts.
- Earn 5 points per $1 spent on purchases on travel, at gas stations, and restaurants.
- Earn 3 points per $1 spent on all other purchases.
Pros and Cons
Capital One Spark Cash
- Pros:
- Unlimited 2% cash back on all purchases
- Generous welcome bonus
- No foreign transaction fees
- Free employee cards
- Cons:
- $95 annual fee after the first year
- Higher spending requirement for the welcome bonus
IHG One Rewards Premier Credit Card
- Pros:
- Outstanding rewards for IHG hotel stays
- Automatic Platinum Elite status
- Anniversary free night
- Cons:
- $99 annual fee
- Rewards mainly beneficial for frequent IHG guests
Who Should Consider Which Card?
The Capital One Spark Cash is best suited for business owners and individuals who prefer a straightforward cash back system with no limits. If you want to earn cash back on all purchases without worrying about categories, this card is ideal.
The IHG One Rewards Premier Credit Card is perfect for frequent travelers, particularly those who often stay at IHG properties. If you value hotel rewards and additional travel benefits, this card will enhance your travel experience.
Conclusion
Choosing between the Capital One Spark Cash and the IHG One Rewards Premier Credit Card depends on your individual spending habits and financial goals. Consider where you spend the most and what rewards matter most to you to make an informed decision.