Costs & Pricing

Metric	Spark Cash Plus	Ramp Corporate Card
Annual fee	$150 ($150 statement credit if ≥ $150,000 net purchases by membership anniversary)	$0 on the card. Platform software is separate: Free $0/user/mo; Plus $15/user/mo + unpublished platform fee by team size (20% off annual); Enterprise custom.
Employee card fee	$0 (free employee and virtual cards)	$0; unlimited physical and virtual cards
Purchase APR	Not printed as revolving purchase APR; Pay Over Time variable APR ~25.74% (review sites, mid-2026) if balance carried	N/A — charge card; no revolving APR published. Marketing “0%” is 30-day statement float, not an intro APR.
Intro APR (purchases)	Not offered	Not offered (no APR product)
Foreign transaction fee	$0	No separate FTF line. International charges that clear in a non-settlement currency: Visa conversion + markup not exceeding 3%. Local-currency cards on Enterprise / Canada can avoid conversion if spend matches card currency.
Late payment fee	2.99% late fee if minimum payment not paid by due date	Official: none on the card product. Auto-pay of the full statement is required; failed debit is the operational penalty (possible lock, limit cut, account action).

Rewards & Value

Metric	Spark Cash Plus	Ramp Corporate Card
Base earn rate	Unlimited 2% cash back on net purchases (no category caps)	Rate determined by Ramp on Qualified Purchases (Rewards Terms, 15 Jul 2026). Public/spokesperson range 0%–1.5% assigned per customer. Do not treat 1.5% as guaranteed. Canada cards are a separate fixed 1% (out of scope).
Welcome bonus	$2,000 cash after $30,000 spend in first 3 months; +$2,000 for every $500,000 in year one (repeatable)	Not disclosed on official corporate-card or pricing pages (3 Sep 2026). Third-party listings conflict: NerdWallet 15 Jun 2026 — $1,000 Ramp card on approval, no min spend, one per new customer; older reviews $500. Treat live offer as Unclear — confirm on application.
Redemption value	1¢ per 1¢ cash back on statement credit/check	Cash/statement path is 1¢ per 1% only to the extent Ramp assigned that earn rate. Transfers are not 1:1. Cashback is not automatic unless auto-applied to Plus/Bill Pay fees.
Transfer partners	No native transfer partners; cash may convert to Capital One miles ($1 = 100 miles) if linked to miles-earning Cap One card	Not listed in current Rewards Terms. Historical 2024 in-product list (verify in-dashboard): Aeromexico, Flying Blue, Avianca LifeMiles, British Airways, Etihad Guest, Marriott Bonvoy, Qantas, Qatar Privilege Club, TAP Miles&Go, Wyndham — commonly 1.5 Ramp points : 1 partner unit. Min historically 100 partner points (150 Ramp). Irreversible; name must match an authorized admin.

Credit & Eligibility

Metric	Spark Cash Plus	Ramp Corporate Card
Personal guarantee	Required in practice (issuer-typical for Cap One business cards; not quoted on product page)	Not required. Official: “Ramp does not require founders to personally guarantee your expenses.” Corporate liability.
Credit check	Hard pull on submit; pre-approval advertised as no impact to personal credit	Official: no personal credit check; no impact to personal credit score. Last 4 of SSN (or foreign passport) of one officer is KYC, plus selfie/ID if stepped up — not a published hard pull.
Employee cards	Free; spend limits, lock/unlock, account manager role; primary remains liable	Unlimited physical and virtual; company liable. Spend controls: amount, frequency, category block/allow, merchant lock. Apple Pay / Google Pay; 3DS. USD physical cards: no PIN.
Product type	Hybrid charge card / NPSL business card (designed pay-in-full; Pay Over Time optional)	Corporate / commercial charge card plus spend-management platform (pay-in-full; not revolving; no published APR)

Pros & Cons

Spark Cash Plus

Pros

• Uncapped 2% cash back on all net purchases
• NPSL capacity plus free employee and virtual cards
• $150 annual fee refunded at $150,000 net spend by anniversary
• Large year-1 bonuses — $2,000 at $30k/3 mo plus $2,000 per $500k spent
• $0 foreign transaction fee; 5% on Capital One Business Travel hotels/VR/cars

Cons

• $150 fee is real if spend stays below $150k/year
• Pay-in-full design — 2.99% late fee and Pay Over Time interest if you carry
• Bonus hurdles favor very high spenders ($30k/3 mo, $500k increments)
• No 0% intro APR and no balance transfers
• Bonus often blocked for existing/previous Capital One Business cardholders

Ramp Corporate Card

Pros

• $0 card AF and $0 extra-card fees with unlimited virtual/physical cards
• No personal guarantee and no personal credit check (official); corporate liability
• Native controls, receipt capture, and accounting sync — the software is the product
• 30-day interest-free float if auto-pay succeeds
• Visa Signature purchase security, extended warranty, and rental CDW on USD cards

Cons

• Cashback rate is not a published guarantee (0–1.5%, Ramp-determined); foreign/non-USD spend excluded from Qualified Purchases
• Must pay in full; cannot revolve or balance-transfer
• Sole props ineligible; $25k cash + real U.S. address bar
• FX markup up to 3% despite “no FTF” marketing; Plus platform fee and 2026 Bill Pay per-item fees can erase “free”
• Limit can move with linked cash; missed debit is operationally harsh

Verdict

Spark Cash Plus

Capital One Spark Cash Plus is the go-to for businesses with serious spend who can pay in full. Uncapped 2%, NPSL flexibility, free employee/virtual cards, and a refundable $150 fee at $150k make it a premium flat-rate engine — especially with the live $2,000 welcome bonus and limited $500 travel credit (through Sep 7, 2026). Poor fit for 0% financing seekers, lounge hunters, or businesses under $150k annual card spend.

Ramp Corporate Card

Ramp is a charge-card ops platform, not a 1.5% bank card and not Brex’s sibling SKU. Official no-PG / no personal pull plus unlimited virtual cards is the reason to pick it. Do not assume 1.5% cashback, a public welcome bonus, or true $0 FX. Sole props, revolvers, and rate-guarantee shoppers should use a traditional PG cash card instead. Plus seats and Bill Pay rails are software costs, not a card annual fee.