IHG One Rewards Premier vs Capital One Spark Cash Plus
Side-by-side comparison
| IHG One Rewards Premier | Capital One Spark Cash Plus | |
|---|---|---|
| Annual fee | $99 | $150 |
| Welcome offer | Up to 185,000 IHG One Rewards Points | $2,000 cash back |
| Advertising | 3% | 2% |
| Shipping | 3% | 2% |
| Office supplies | 3% | 2% |
| Phone & internet | 3% | 2% |
| Travel | 5% | 2% |
| Everything else | 3% | 2% |
| Est. yearly rewards* | $1,530 | $900 |
| Points type | Locked to IHG One Rewards | Pools with Capital One → transferable |
| Network | Mastercard | Mastercard |
*Estimated yearly rewards on typical household spending, every point valued at a flat 1 cent. Verified June 2026. See your own numbers in the calculator.
The verdict
On a typical year of business spending, the IHG One Rewards Premier earns about $1,530 a year in rewards and the Capital One Spark Cash Plus about $900, valuing every point at a flat 1 cent. The IHG One Rewards Premier charges $99, which you clear through its rewards and perks. The Capital One Spark Cash Plus charges $150, which you clear through its rewards and perks. Counting rewards, fees, and any credits, the IHG One Rewards Premier delivers more total value, about $681 a year more for a typical spender, mostly because it earns more where you spend most, on everything else and travel. The bigger difference is the ceiling: the Capital One Spark Cash Plus earns points you can move to travel partners for outsized value, while the IHG One Rewards Premier stays locked to a single airline or hotel program. Favor the Capital One Spark Cash Plus if you will use travel transfers, the IHG One Rewards Premier if you want simplicity. On the sign-up bonus, the two are currently comparable in size. A welcome bonus is a one-time event, so weigh it apart from the ongoing rewards.
Pick the IHG One Rewards Premier if your spending leans toward advertising, shipping, office supplies.