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Capital One Spark Cash vs Southwest Rapid Rewards® Plus Credit Card
This comparison aims to help you decide between the Capital One Spark Cash and the Southwest Rapid Rewards® Plus Credit Card. Both cards offer unique benefits tailored to different types of users, so understanding their features and rewards can help you make an informed choice.
Card Overviews
Capital One Spark Cash
The Capital One Spark Cash is designed for businesses that want straightforward cashback rewards. Offering 2% cash back on all purchases, it’s ideal for entrepreneurs who prefer a simple rewards structure without category restrictions.
Southwest Rapid Rewards® Plus Credit Card
The Southwest Rapid Rewards® Plus Credit Card is tailored for frequent travelers, especially those who fly Southwest Airlines. With a focus on earning points for travel-related purchases, this card provides a variety of rewards for those who prioritize travel benefits.
Detailed Feature Comparison
| Feature | Capital One Spark Cash | Southwest Rapid Rewards® Plus Credit Card |
|---|---|---|
| Annual Fee | $0 intro for first year; $95 after that | $69 |
| Welcome Bonus | $750 cash bonus after $7,500 spent in first 3 months | 50,000 bonus points after $1,000 spent in first 3 months |
| Rewards Structure | 2% cash back on all purchases | 2X points on Southwest® purchases, 1 point on all other purchases |
| Foreign Transaction Fee | None | None |
| Other Fees | N/A | N/A |
| Additional Benefits | Free employee cards, rewards don’t expire | 3,000 anniversary points each year, 2 EarlyBird Check-In® |
Rewards Highlights
- Earn $750 cash back once you spend $7,500 in the first 3 months from account opening
- 5% cash back on hotels and rental cars booked through Capital One Travel
- 2% cash back on every purchase
Pros and Cons
Capital One Spark Cash
- Pros:
- Unlimited 2% cash back on all purchases
- Generous welcome bonus
- No foreign transaction fees
- Cons:
- Annual fee applies after the first year
- High spending requirement to meet welcome bonus
Southwest Rapid Rewards® Plus Credit Card
- Pros:
- Bonus points for Southwest purchases and travel-related expenses
- Annual points bonus
- No foreign transaction fees
- Cons:
- Points may have less value outside of Southwest travel
- Lower overall rewards rate on non-travel purchases
Who Should Consider Which Card?
- Capital One Spark Cash: Suitable for business owners looking for a straightforward cashback program with no category restrictions.
- Southwest Rapid Rewards® Plus Credit Card: Ideal for frequent travelers who regularly fly with Southwest Airlines and want to maximize travel rewards.
Conclusion
Ultimately, the decision between the Capital One Spark Cash and the Southwest Rapid Rewards® Plus Credit Card depends on your individual needs and spending habits. Consider what type of rewards matter most to you—cash back versus travel points—and choose the card that aligns best with your financial goals.