Anyone have experience using PayPal to meet minimum spend on this card? Since Paypal charges 2.9% and you get 2% cash back, losing .9% doesn't seem like a bad deal.

Actually a really great deal. Just know the following. You are breaking the law, your paypal account will be frozen with all funds, maybe cap one will .... down the cards also. Really a sharp idea. And dont think this sort of thing isnt mentioned in one form or another. Usually new people who think they have some great angle.

Approved! First Capital One card in years. They were my first credit card ever 9 years ago, but since then I could never get a premium card from them. Only every other bank! Seems like business was the way to go. I have high inquiries too. Stoked on this bonus!

Well that is flipping BS. I was going to use my spark cash for monthly buxx loads b/c of that 2x. Thank god I read this thread first.

What am I suppose to do now lol? Use a 1x card? Almost makes it not even worth it. Good thing I did most of the spending using eBay purchases for my business. Did you guys do tons of other purchases using Buxx or was majority other stuff too? Also did you guys get any reason why you got shut down?

Oh yea. Be careful using the card too (for people who are new to this card/new to credit). Apparently it counts on your personal credit score even though it's a business card. It's so stupid because they don't count the credit line into my total credit line. I have like 13k personal credit line total. Card is 5k. I put 4k on the card. Instead of it being 4k/18k, it's actually like 4/13k. My FICO score dropped like 30 points and my scores from Experian etc took a drop as well. At least I don't have this problem with my Chase Ink.

Use Barclays Arrival+.

Is the bonus a straight up $500 statement credit or is it capital one points that can be redeemed?

Statement credit

Anyone try funding citigold with sparky?

Follow up: applied 1 week ago. no card yet, but I did get a call on tues from Cap One fraud dept verifying that I had applied for the card. also got the welcome letter yesterday.

What is illegal about that poster's suggestion? Is "spending" via Paypal not analogous to spending via a VGC? I'm not doubting you're right. I'm just trying to understand the distinction.

Because under the law it is ILLEGAL to use a merchant account to charge your own credit card (one you own) That is illegal. Things with the vanilla card may be against Paypal policy per se, but not illegal. Feel free to look it up. Trust me on this one. Let anyone try and find out.

Sadly I don't travel enough to bother using the arrival plus. In fact I've only been an airplane once in the last 10 years. Maybe I'll force myself to take a vacation that will cost more money later on haha.

Citation? I know plenty of people who have swiped their own credit card on their merchant terminal. That's not to say it's legal, just at least not strictly enforced. I know it's against merchant services TOS, but illegal? I'd like to see the law.

Agreed it is completely legal though against tos. If anyone is going to claim otherwise please cite your source

We might need a source on this one. A couple of posters have doubted your claim, and I for one would be very surprised to learn that a state or the federal government has actually passed legislation making this a criminal offense. It's possible that this process could be USED to launder money, which is obviously illegal, but the process itself doesn't constitute money laundering unless one is attempting to conceal the illegal source of funds, or use the process to hide income for the purpose of evading taxes.