A bit of backstory….
In 2019, we rejoiced when Capital One made a change to the Spark Cash (the legacy product that earned 2% on everything with a $95 annual fee) such that the Spark Cash card would no longer report to personal credit bureaus.
In 2021, however, the Spark Cash card was discontinued. It was replaced by the Capital One Spark Cash Plus, differentiated as a charge product (pay in full monthly) with more spending power and a slightly higher $150 annual fee.
Also remaining was the Capital One Spark Cash Select, which earns 1.5% on everything with no annual fee. This card is still available for applications along with the Spark Cash Plus.
So what is this article all about?
Well, the other day in the MilesTalk Facebook group, I had an awkward back and forth with a group member that said they got the 2% Spark Cash with a $95 annual fee.
I had to ask him to post a link so I could see what he was talking about, sure it was one of the “available” cards – the Spark Cash Plus or the Spark Cash Select.
But it turned out to be the “back from the dead” 2% Spark Cash credit card! It’s got a $750 bonus after $7,500 in spend in the first 3 months and the $95 annual fee is waived the first year.
Here’s a link to it.
I reached out to Capital One to find out the deal with this relaunched card and – specifically – to confirm that it is a business credit card that does not report to personal credit bureaus.
My hunch is that it doesn’t – since for the 2 years this product was available from Oct 2019 until 2021, it didn’t. But I’d feel better if I knew.
I waited 4 days to post this in the hopes I would have confirmation (or not) from Capital One, but they have not been able to as of now and I didn’t want to wait any longer to alert you to this option (which I don’t even have an affiliate link for…). If they do provide confirmation one way or the other, I will update this article – else once our MilesTalk member gets their first statement and can confirm it’s not on their personal credit, that should be all the data point we need.
The oddest thing is that I could not find this card in a Google search. I tried my best but could only come up with Spark Cash Plus articles and my own article on when this card stopped reporting to personal credit in 2019.
My guess is that perhaps the Spark Cash Plus, with the higher annual fee, wasn’t getting as many takes as the legacy card and they decided to bring it back – but not with so much fanfare as to detract from the Spark Cash Plus. Of course, I could be way off. Either way, it’s a very interesting development.
Thoughts?
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You can find credit cards that best match your spending habits and bonus categories at Your Best Credit Cards.
New to all of this? My “introduction to miles and points” book, MilesTalk: Live Your Wildest Travel Dreams Using Miles and Points is available on Amazon and at major booksellers.
