Capital on Tap’s business Visa card offers credit facilities of up to £250,000, no charges on FX transactions and the option of 2 generous rewards schemes.
We chose the Capital on Tap Business Credit Card as our top pick for improving your credit score, as applicants with a low credit rating may be eligible for this card. Responsible use of this business credit card could then help boost your credit score in the long term.
The Capital on Tap Business Credit Card is also our top pick for cashback, with 1% cashback available on everyday business spending, as well as our top pick for travel, with its fee-free spending and cash withdrawals abroad.
Speaking of travel, the Business Rewards version of this credit card (costing £99 per year) is our top pick for frequent flyers. This is because cardholders can choose to earn Avios points with their everyday business spending, and bag 10,000 bonus points when £5,000 is spent on the card in the first 3 months.
Specifically designed with small businesses in mind, you can use the Capital on Tap Business Credit Card for cashflow flexibility, with its fee-free money transfers to your nominated bank account. Plus, you can enjoy sub-£250k funding and collect rewards on all your day-to-day business spending. On top of this - and unusually for a credit card - the new Preloading feature lets you top up your credit balance with your own funds, enabling you to boost your spending power beyond your credit limit.
Those features, in combination with a slick application experience and interface, have allowed Capital on Tap to go from strength to strength while helping more than 200,000 UK businesses. Another thing that Capital on Tap can rave about is that the eligibility criteria is more lenient than many of its rivals, and you get a near-instant decision.
As a business owner, it’s always a nice bonus when you’re rewarded for your hard work. If you successfully apply for the Capital on Tap Business Credit Card, you’ll automatically be signed up for its fee-free card with free rewards - allowing you access to 1% uncapped cashback on your everyday business spending and access to exclusive business offers. But, if you’re itching to add a few more rewards perks to your package, you could opt for the Business Rewards scheme for £99 per year, which will get you all the benefits of the free rewards scheme, plus the option to redeem points for Avios flight points and a generous sign-up bonus.
So what’s not so hot? Capital on Tap’s rewards programmes goes head-to-head against American Express, and credit where credit’s due (sorry), Amex offers a more extensive and elaborate rewards and perks package on the more expensive cards in its range. By contrast the Capital on Tap rewards scheme is simple and automatic, which many will prefer, and as a Visa card, it is more widely accepted.
As with any financial decision, make sure you can afford the repayments on any debt you accrue and aim to clear your balance in full each month to avoid interest altogether, as this will almost certainly outweigh the value of the cashback or points you earn.
Overall, Capital on Tap is doing a great job of persuading SMEs that you don’t have to just settle for a bolt-on credit card from your regular bank, and with its fee-free spending abroad, it’s certainly worth considering.
Capital on Tap’s business Visa card offers credit facilities of up to £250,000, no charges on FX transactions and the option of 2 generous rewards schemes.
Issuer | Capital on Tap |
Network | Visa |
Representative APR | 36.19% |
Annual/monthly fees | £0 |
Purchases | 36.19% |
Purchases interest-free period | Up to 42 days |
Cash advances | 36.19% |
Minimum credit limit | £1,000 |
Maximum credit limit | Subject to status: £250,000 |
Additional cards available | Unlimited free company cards for employees and partners, with the ability to set individual spending limits on each card. |
Incentive | Earn 1 point for every £1 of card spend. Redeem 1 point for 1p (1% cashback) |
Additional Rewards Info | Earn 1% cashback for every £1 spent. Upgrade to Capital on Tap Business Rewards Card for £99 pa to choose between earning cashback or Avios and receive 10,000 bonus points when you spend £5,000 on your card in your first 3 months. Unlimited free supplementary cards available. |
Potential costs | 4.4 ★★★★★ |
Doing its job | 4.4 ★★★★★ |
Extras | 5.0 ★★★★★ |
Overall Finder Score | 4.2 ★★★★★ |
Minimum monthly payment | 10% or £100 (whichever is greater) |
Annual/monthly fees | £0 |
Foreign usage charge (EU) | 0% |
Foreign usage charge (rest of world) | 0% |
Cash advance fee | 0% |
Late payment fee | £0 |
Duplicate statement fee | £0 |
Exceeding limit fee | £0 |
Additional card fee | £0 |
Dormancy fee | £0 |
Capital on Tap is a digital lender based in the UK that offers business credit cards designed for small businesses with credit facilities of up to £250,000. It isn’t a bank, but it holds a regular licence restricted to business lending and authorised by the Financial Conduct Authority (FCA).
Since launching in 2012, Capital on Tap has acquired more than 200,000 business customers across the UK, providing more than £2 billion to help companies grow.
In 2021, it launched across the pond in the US, after securing £450m in funding from the likes of BNP Paribas and HSBC.
Approval for any credit card depends on your status. The representative APRs shown represent the interest rate offered to most successful applicants. Depending on your personal circumstances, the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow. Most of the data in Finder's comparison tables is provided by Moneyfacts.
Capital on Tap offers 2 rewards schemes for its Business Credit Card. The standard option comes without any monthly or yearly fees and allows you to earn 1% cashback on your business spending. Or you can opt to upgrade to the Business Rewards scheme, which costs £99 per annum per year and lets you choose between earning cashback or Avios points. Plus, if you’re a new Capital on Tap customer, you could be eligible for 10,000 bonus points when you spend £5,000 in your first 3 months.
Capital on Tap has recently launched a “first of its kind” Preloading feature that makes the card a hybrid debit/credit product. It allows you to top up your credit balance with your own funds and then use those funds alongside your existing credit limit. This means you’ll have greater flexibility in managing your cash flow.
For example, let’s say you need to pay £80,000 for something, but your credit limit is only £60,000. You could top up your balance with £20,000 to bridge the gap and make your transaction. What’s more, you’ll earn 1% cashback on the entire £80,000 transaction, boosting your rewards even further.
You can also use the Preloading feature to prepay pending balances immediately to free up credit.
To use this feature, log in to your account, sign the Preloading agreement and then head to the “Payments” tab in your account and click “One-off Payment Details”. You can add Capital on Tap as a payee in your online banking and then make the transfer.
You may be eligible for a Capital on Tap Business Card if you meet the following criteria:
As soon as you are accepted, you can access your online portal, where you can make transfers and view your transaction history. As the main account holder, you can see all the transactions made by the staff you’ve issued additional cards to and will be responsible for any late or missed repayments. You can also set each cardholder an individual spending limit. It’s good to note that any points or rewards earned from staff spending will belong to the main account and not the individual cardholder.
Additional cardholders can access their own version of the portal where they can activate their card, view their transactions only, change their PIN, etc.
The app for Androids and iPhones is essentially another (quicker) way to access the online portal, so it can be used by the main account holder and additional cardholders alike.
When it comes to repayments, you can choose how much you repay from the following options:
You can make manual repayments using a debit card via the online portal or alternatively set up a direct debit. A direct debit is a great idea because it protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee or losing any promotional rates as a result. You can set up a direct debit for repayments when you apply for the credit card.
You can’t change your repayment day once you have set up your direct debit, but you can opt into weekly full balance repayments if you want to pay more frequently. If you opt for weekly repayments, Capital on Tap will set up a direct debit every Monday, and payment will be taken every Thursday.
If you wish to talk to a Capital on Tap team member directly about your repayment options, call 0208 962 7401. You could face a charge if you miss a repayment.
Minimum amount | Fixed amount | Fixed percentage | Full amount |
---|---|---|---|
Capital on Tap scored moderately well compared to its competitors in our 2024 customer satisfaction survey, with 90% of its customers stating they would recommend the business card provider to a friend. Several customers commented on how easy it was to use the card, while others highlighted a good level of customer service. One respondent said of Capital on Tap: “They have always been very helpful with any questions we’ve had and all the payments are quick.”
On Tustpilot, the company gained a score of 4.7 out of 5, with customers finding the application process easy and being impressed by the customer service (updated September 2024).
If you’re looking for a versatile everyday credit card for your business, the Capital on Tap Business Credit Card is a very respectable option. The card – designed with small businesses in mind – lets you earn uncapped 1% cashback while not charging any annual or monthly fees, making it a fairly cost-effective way of helping improve your business’s cash flow, provided you pay off the balance in full each month.
It also stands out for offering you the chance to boost your credit limit with your own funds, while still getting cashback on the full purchase price.
Whether you’re planning to head overseas, you’ve got the reassurance of knowing that non-sterling transactions won’t incur any fees, instead being converted at the standard Visa exchange rate. And, if you’re looking to boost your rewards pot even more, you could upgrade to the Business Rewards scheme for £99 per year, allowing you to redeem your points for Avios. Plus, if you’re a new Business Rewards customer, you could be eligible for the 10,000 points sign-up bonus. But, if you are all about chasing those rewards, this card does come up short against Amex’s competitive programmes, so make sure you compare all your options before you apply.
If you’re thinking about getting a business credit card and aren’t sure which one to pick, take a look at our business credit card comparison page.
Finder scores, in blue, are based on our expert analysis. We also show reviews from users, where we've received more than 10, with a score in yellow. We gather more reviews from customers every year in Finder's customer satisfaction survey.
To find out more, read our full methodology.