shingu79

Hi, quick question. A cursory search on the web shows that you can get capital one bonus again IF you are approved.
I see far below on the application page "existing and previous spark cardholders may not be eligible for this one-time bonus"
Is this like a once a lifetime offer like AMEX or is it being enforced at all?
I've closed out my capital one spark last year in January, so it's been over a year since I've had this product.

codybear

It's every 6 months (I wait at least 188 days) since I've last applied (accepted and I believe denied). I've been applying while I still have the same CO Spark open. And prior to applying, while I have two Sparks open and after both have been opened for 6 months, I combine the oldest to the newest so that way I don't end up with three opened Sparks. So far I have not been effected by the "one-time bonus" words.

Travelz

I have not had a CO card yet, is it best to get a personal card before a business card or doesn't it matter? Thanks in advance.

Lance_Uppercut

Does anyone know if Capital One reviews spending on the Spark business card to see if the charges are or seem to be business-related? I do have a small internet business but the majority of my planned spending ($10,000 in 3 months to get a $1,000 bonus) would be on things like restaurants, stores, gas, etc.

barrytuneup

they closed my acct (Spark BIz) w/o warning after doing 13k in Simon Malls online within 3 months.. Lucky I redeemed my 2% but was cheated out of 276.00. A letter arrived a week later stating that I was using the card in a way that is not consistent with spending

Churnman

I haven't heard anything from the bank or users that your kind of spending is a problem. I've heard they look for big spenders that buy at Simon or obvious online gift cards in large quantities. For one thing, that card reports your monthly spend to your personal side of credit bureaus anyhow. I believe most business owners do mix personal spend on some business cards, but not corporate cards, but even the corporate cards and their companies that issue them to employees expect dining, transportation (fuel) and other type of expenses since it's all a part of doing business. Some small business owners even place certain utility expenses on business cards because they are permitted by the IRS to use a certain amount of electric, internet, and so forth in expenses from their home businesses. What about entertaining clients in the home business which would most certainly include groceries, catering, and some retail stores also sell office supply (look at Walmart or Amazon). The lesson from the previous poster above mine is a good example and that's good they admitted it to help others.

aquaverda

Has anyone else had to provide proof of business address for your capital one spark cash card app? They asked me to fax it in but my girlfriend threw away the part of the letter that says what is acceptable proof. CSR said they can't say over the phone but will mail a new letter which takes 10 days. Unfortunately I only have 4 more days until the app document request deadline hits. Can anyone who's been through please post what they accept for proof of business address?

Thanks!

choff5507

I applied today for the spark business, was approved and didn't have to provide any proof of address.

On a side note, is it true that Capital One Spark cards will show up on your personal credit UNLIKE AMEX?

FindAWay

Yes.

barrytuneup

and where do folks here plan on the spending to meet 500.00 or more bonus? See my above post. They monitor every dime spent. It took them a few months (last 18 months ago) to track my GCM spend. So claim your rewards fast!! And buy in places that cant be tracked by them. After dealing with all the fraud Alerts..you should be good. I left that 300.00 there for a few weeks and then the Stuff happened.

mia

There is a variant of this offer: $2,500 for $50,000 spend in six months. (Awarded in two parts: $1,000 for $10,000 in three months, additional $1,500 if the $50,000 threshold is met in first six months.)

barrytuneup

good luck holding on to the card for 6 months.. And where and how do plan on spending the 50k in 6 months?? Grocery stores VGC? they will close the acct w/o warning for "spending not consistent with the biz card". And you lose the points. See my posts above. They are nor Amex or Chase...And dealing with all the fraud alerts is a real pain and time waster.

flyaxa

Do income tax payments trigger any of this sort of action?

mia

I do not plan to apply. The opportunity cost is too high. If I were to apply I could achieve the spend objective through normal expenses, including income taxes, property taxes and insurance.

sikorloa

Wow that sounds like an Amazing offer... how do I get it? I could do $50k in six months.

Also wanted to ask - I have 2 Capital One Spark 2% cashback cards - I want to move the $20k limit from Spark 2 (newer) to the older Spark 1 which only has $10k limit. However... when I called in to do this, the phone rep was confused and said you can only combine 2 cards online, into 1 card... however this would close one, no? Hoping I can keep both open, and convert Spark Card #2 to a fee free card (1.5% cashback card with $0 annual fee).

Any input?