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A few weeks ago, we talked a little bit about 2 all-time high welcome offers from Capital One. As always, I may receive compensation if you apply for a card through these links; thanks in advance for your support.
- 200,000 miles welcome offer on the Capital One Spark Miles card – you can read our full review here
- $2000 welcome offer on the Capital One Spark Cash card – you can read our full review here
I’m being told that these offers are going away some time TODAY, MONDAY JANUARY 28TH. It’s still not 100% clear to me when these offers will be pulled, or what might replace them. But if you were looking at applying for one of these cards, I’d do it sooner rather than later.
Capital One Spark Miles card
The Spark Miles card earns double miles on every single purchase, no matter what.
With no foreign transaction fees, it’s not a bad travel card, but lacks many of the benefits of other travel cards in the arena. Let’s talk about the good stuff first:
- The card has a great welcome offer right now, divided into two parts. You’ll earn a bonus of 50,000 Miles after the first $5,000 in purchases in the first 3 months. Read more about the card and apply here (affiliate link)
- You’ll then earn a further 150,000 Miles if you spend at least $50,000 in the first 3 months of account opening. Whoah. That’s a lot of spend. Not a bad value proposition necessarily, but you could hit multiple, smaller bonuses with that kind of spend, so keep that in mind.
- The card normally has a $95 annual fee, but that’s waived the first year.
- Double miles on every purchase, unlimited.
- No foreign transaction fees.
When compared to other credit cards in a similar category (low fee, travel points, etc.) it’s missing some key benefits. The card has no lounge access, mediocre earning rates, no TSA PreCheck/Global Entry credit (not that I need anymore of those..), and a short list of transfer partners.
Capital One Spark Cash card
A classic 2% cashback card, the Spark Cash keeps things simple. Every dollar you spend means 2 cents in your pocket. It might take a while to add up, but that’s cold, hard cash you can use for anything you want. The current offer on the card is exactly the same as the Spark Miles card, only it’s cashback instead of miles. If you want to learn more about the card, you can read more and apply here (affiliate link)
- You’ll earn a bonus of $500 after the first $5,000 in purchases in the first 3 months (for a total of 12% back).
- You’ll then earn a further $1,500 if you spend at least $50,000 in the first 3 months of account opening. Again a high spend, but for those of you that value simplicity, this is the card for you. One card. Over $2,000 cashback. Doesn’t get much better than that.
- The card’s typical $95 annual fee is waived the first year.
- Unlimited 2% cashback on everything.
- No foreign transaction fees.
Read our full review or Find the application for the Capital One Spark Cash card here!
Remember Capital One transfer partners and things to watch out for
Remember, Capital One now has 12 transfer partners, so in addition to being able to redeem your miles at 1 cent per mile, you can also transfer them to a variety of airline partners. And before you apply for a Capital One card, here’s 4 things to look out for (including the fact that, unlike other issuers even their BUSINESS cards count against you for 5/24)
Applying for one of these offers? Which one do you like best?
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