Disclosure: The Smart Wallet has partnered with CardRatings for our coverage of credit card products. The Smart Wallet and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
2022 has brought its challenges: high inflation is a big one! Fueled by the influx of unemployment money in the U.S. economy, supply chain issues caused by COVID-19, and now the Russian invasion of Ukraine: the fact is, we can feel inflation and rising prices all around us. The price of gas is at its highest in years, groceries are more expensive than they used to be, and rents are rising!
You might be thinking, “how can I hedge against inflation and save money?” Well, one great way to do that is to take advantage of Capital One cashback rewards credit cards such as the Capital One Quicksilver Cash Rewards Credit Card and the Capital One Spark Cash Plus Credit Card. Let’s take a brief look at each of these cards:
What is the Capital One Quicksilver Cash Rewards Credit Card?
The Capital One Quicksilver Cash Rewards Credit Card is now a well-known cashback credit card that has become widely popular by consumers. This cashback card is pretty simple and straightforward! Here are the most important points to mention about this credit card:
Annual Fee: $0
New Member Early Spend Bonus Offer: Earn a one-time $200 cash bonus once you spend $500 on purchases within the first three months from account opening.
Rewards Rate: Unlimited 1.5% cashback on all purchases, every day. You’ll be able to redeem cash back as a statement credit for any amount at any time. And, earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you’ll get Capital One’s best prices on thousands of trip options.
In short, this card is excellent for those looking for a flat rewards rate cashback card for personal use!
What is the Capital One Spark Cash Plus Credit Card?
The Capital One Spark Cash Plus Credit Card has also risen in the ranks and is designed for businesses. While similar to the Capital One Quicksilver Cash Rewards credit card, the Spark Cash Plus card offers a slightly higher flat rewards rate: a generous, unlimited 2% cashback on all purchases with no category restrictions. Here are the most important points to mention about this credit card:
Annual Fee: $150
Bonus Offer: Earn a $200 cash bonus every year you spend $200,000 in business expenses. Plus, you’ll earn up to an additional $1,000 cash bonus; $500 once you spend $5,000 in the first 3 months, and $500 more once you spend $50,000 in the first 6 months, for a total of $1,000.
Rewards Rate: Unlimited 2% cashback on all purchases, every day. You’ll be able to redeem cash back as a statement credit for any amount at any time. You’ll also earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel.
Oh and get this: as a business owner, you can add employee cards for free, and earn unlimited 2% cash back from their purchases. So overall, this card is excellent for business owners looking for a flat rewards rate cashback card. The cashback earned can be put back into your business to further its growth, and some people have done just that as you’ll see below.
Now, let’s hear from real people like you and me who use these cards every day and how it’s helped them both personally and professionally:
Testimonials From Real Customers Who’ve Earned Cashback
Dan Bladen of the San Francisco Bay Area is the CEO and Founder of Kadence, a SaaS solution that helps create spaces for companies looking to get the most out of hybrid work. His Capital One Quicksilver Cash Rewards Credit Card is his go-to card when no other cards provide a special offer. For all those purchases that don’t fall under travel and dining, he especially likes the unlimited 1.5% cashback this card offers on all purchases, while other similar cards only offer an unlimited 1% cashback.
Chris Killie of Charlotte, NC is the CEO of Payment Pilot, a lending company offering services such as payment processing, business loans, lines of credit, and home improvement loans. Ultimately, he decided to apply for the Capital One Spark Cash Plus Credit Card because it was clear to him it was the simplest and most effective way to earn rewards. Many other cards have spending categories and constantly change what categories you’ll need to spend in to maximize rewards. And so, he chose the Spark card!
And get this: he spends a whopping $2M annually collectively on all the Capital One Spark Cash Plus credit cards in his business! His favorite perk? The cashback flexibility that the Spark card offers: an attractive unlimited 2% cashback on all the company’s purchases.
The cashback he’s earned so far helped him get his business started, and he’s even been able to pass this cashback back to his employees as additional bonuses at the end of each year. Pretty sweet!
Steve Bazil of Glenmoore, PA is the founding principal attorney of The Bazil Group, a reinsurance law firm representing reinsurers of all sizes in the United States, the London Market, and around the globe. He is a long-time Capital One Quicksilver Cash Rewards Credit Card holder for his personal expenses, and he even uses the card as his default payment method on Amazon.
After extensive research, he concluded that this was the best card for him since it offers a flat 1.5% cashback on all purchases. As a very busy person, he doesn’t have much time to ensure he’s using the “right card” for the “right purchases.” In other words, cards that offer a higher percentage back for specific purchase categories aren’t what he needs. And so, the Quicksilver card is his favorite!
As you can see, the benefits of Capital One cashback rewards cards are making a positive financial difference for many individuals, both in running their businesses and in their personal lives.
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
The Bottom Line
Cashback credit cards are a fantastic way to combat inflation, offset the rising cost of everyday purchases such as groceries and gas, and really just a smart and simple way to give your wallet an extra boost. If you’re looking for more credit cards geared more toward earning miles for travel, check out Capital One Venture vs. Capital One VentureOne Rewards Card: What’s the Difference?
The Smart Wallet has partnered with CardRatings for our coverage of credit card products. The Smart Wallet and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
