We always emphasize that miles are earned with sign-up bonuses, but there is one exception.

These are the bosses who spend a lot on their cards.

• Gas station owners
• Convenience store owners
• Restaurant and cafe owners
• Presidents buying building materials, etc.

For business owners who spend a significant amount of money each month on purchases for their business, optimizing for miles/points is often a waste of time - they'd be better off focusing on their business instead of hunting down offers and switching cards on the fly.

For those bosses, one card I'd tell them to consider is the Spark Cash Plus card from Capital One (Capital One Spark Cash Plus).

In today's post, we've summarized the pros and cons of this card.

Advantage 1: Signup Bonus

One of the many benefits of this card is that the sign-up bonus is substantial.

• 3 months at $30
• You can get a $2,000 bonus in cash.

In terms of spending, it's the best we've ever seen. (The offer page also says “Our best offer.”)

I previously had a $3,000 offer when this card first launched, but it had a $50,000 spending requirement at the time.

Advantage 2: An additional $$2,000 bonus after spending $500,000 in the first 12 months

In addition to the signup bonus, there are other perks for high-spending bosses.

If you're a boss who spends $40,000 to $50,000 a month, you can get a $2,000 bonus for every $500,000 you spend in the first year if you put all your spending on this card.

For regular card users, $500,000 is an unimaginable amount, but I heard that some of the bosses really use the card in millions ;);

For those people, I think the card is going to be pretty sweet for the first 12 months.

Assuming you spend $500,000,

• Sign up, $2,000
• Additional bonus, $2,000
• Cashback on spending, $10,000

You can earn a total of $14,000. In terms of real cashback percentage, this amounts to 2.81 TP3T.

Advantage 3: Earn 21 TP3T on Everything

This card earns 21 TP3T on everything, no need to pick a specific category.

Among the cards issued by Chase, the Ink Unlimited® Credit Card (Ink Business Unlimited® Credit Card) earns 1.5 points per dollar spent with no spending restrictions.

If you value cash back, I'd say this card, which earns 2%, is the better cash back rate.

Advantage 4: Visa card = Costco eligible

There are many good cards issued by Amex and Mastercard, but they have a fatal flaw: they don't work at Costco.

The average person might think about buying a Costco gift certificate online, but I'm sure busy bosses don't have time to bother with that.

In that regard, I have to say that the fact that the card is Visa-enabled and can be used at Costco without issue is a major plus.

Advantage 5: Annual fee refund after spending $150,000

This card has an annual fee of $150 for the first year.

However, I was told that if you spend more than $150,000 on the card each year, you'll get the annual fee back in full.

It's not a huge amount compared to the amount you spend on the card, but it's a nice gesture nonetheless.

Advantage 6: No notification on your personal credit report

Business cards issued by Capital One are generally known to trigger a notice on your personal credit report. This is a different policy than Amex or Chase, and I'd say it's a disadvantage.

Due to the nature of charge cards, which are paid off in full each month, this card is not reported on your personal credit report.

Con 1: Charge cards you have to pay off every month

The card isn't all good.

The first and biggest drawback is that you have to pay off your balance every month.

The basis of the magic circle is to pay off the card in full every month, so I wouldn't say this is a big disadvantage, but for bosses, it may take a little longer depending on their financial situation.

In that regard, I'd have to say that the downside is that you have to pay it off every month.

Con 2: There are no limits

Since this is a charge card, the card doesn't come with a set limit when it's issued - it says “No preset spending limit”.

Sometimes, there is a misconception that this card has no limit and therefore you can scratch an unlimited number of cards.

Absolutely not.

There's no explicit limit, but there's an implicit limit that's set by the bank based on a number of factors. The card description also says that the limit is variable based on factors like your spending patterns, card payment history, and credit profile. (“your purchasing power adapts based on factors like your spending behavior, payment history and credit profile”)

The problem is, if you're new to the CapOne card, you'll often find that this internal limit is really low, so it's a pain in the ass to deal with day-to-day business spending, let alone a $500,000 bonus.

I think this is something that time will eventually sort out, but you should be aware that your actual card limit may be lower than you think.

Alternative: Capone Spark Cash + Chase Ink Series

If you need a business card but don't want to spend as much on Spark Cash Plus, the following cards may be a good alternative.

1) Capital One Spark Cash

First, there's the regular Spark Cash card, which is issued by CapOne.

This card is a

• $1,000 bonus when you spend $10,000 in 3 months
• 21 TP3T cash back per $1 spent on any item
• No annual fee for the first year, then $95 per year for the second year.

Like Cash Plus, it has the advantage of 2% always-on cashback.

However, if you're wondering if this card is issued as a Mastercard rather than a Visa, you'll have to consider that you won't be able to use it at Costco.

Shortcuts: Capital One Spark Cash English page

2) Chase Ink Series

Chase Ink cards are said to be harder to get these days, but they're still a good alternative.

The Ink Business Cash® Credit Card and Ink Business Unlimited® Credit Card are no annual fee cards that offer 75,000 UR points after spending $6,000 in 3 months on both cards.

The Ink Business Preferred® Credit Card offers UR 100,000 points after spending $8,000 in 3 months on your Dorrance card.

Let's wrap up today's post.

Earning miles can be a lucrative hobby, but it can also be a time-consuming one. Especially if you're a boss, where time is money.

If you're a business owner who thinks 2% cash back is enough to get by without complications, you might want to consider Spark Cash Plus.

Featured image: depositphotos, 455172380