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Capital One Spark Cash vs The Platinum Card® from American Express
This comparison aims to help you decide between the Capital One Spark Cash and The Platinum Card® from American Express, highlighting their key features, benefits, and suitability for different users.
Card Overviews
Capital One Spark Cash
The Capital One Spark Cash is designed for businesses seeking simplicity and value in their spending. It offers a robust rewards structure with unlimited cash back on all purchases, making it an excellent choice for business owners who want to earn rewards without the hassle of category restrictions.
The Platinum Card® from American Express
The Platinum Card® from American Express is tailored for travelers and luxury seekers. With a high annual fee, it offers extensive travel benefits, rewards on flights and hotels, and access to premium services and experiences, making it ideal for frequent travelers who value luxury and convenience.
Detailed Feature Comparison
| Feature | Capital One Spark Cash | The Platinum Card® from American Express |
|---|---|---|
| Annual Fee | $0 intro for first year; $95 after that | $695 |
| Welcome Bonus | Earn $750 cash bonus after spending $7,500 in first 3 months | Earn 80,000 Membership Rewards® Points after spending $8,000 in first 6 months |
| Rewards Structure | 2% cash back on every purchase | 5X Membership Rewards® Points for flights and prepaid hotels |
| Foreign Transaction Fee | None | None |
| Other Fees | None | Various fees apply; check terms |
| Additional Benefits | Free employee cards; rewards never expire | Extensive travel perks; lounge access; various credits |
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
The Platinum Card® from American Express
- Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year.
- Earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel.
Pros and Cons
Capital One Spark Cash
- Pros:
- Generous cash back rewards on all purchases
- No foreign transaction fees
- Free employee cards
- Significant welcome bonus
- Cons:
- Annual fee after the first year
- Less travel-focused perks compared to premium cards
The Platinum Card® from American Express
- Pros:
- Extensive travel benefits and lounge access
- High rewards potential on travel-related purchases
- Various statement credits for travel and entertainment
- Cons:
- High annual fee
- Limited rewards outside travel categories
Who Should Consider Which Card?
- Consider the Capital One Spark Cash if you:
- Run a business and want straightforward cash back on all purchases
- Prefer no foreign transaction fees for international purchases
- Want to avoid complicated rewards structures
- Consider The Platinum Card® from American Express if you:
- Travel frequently and value luxury travel benefits
- Want to earn maximum rewards on flights and hotels
- Are willing to pay a higher annual fee for premium perks
Conclusion
Both the Capital One Spark Cash and The Platinum Card® from American Express offer valuable benefits tailored to different user needs. Consider your individual spending patterns and financial goals to determine which card aligns best with your lifestyle and preferences.