Approval for any credit card will depend on your status. The APR shown represents 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.
Capital on Tap Business Credit Card review
Challenger Capital on Tap aims to help small businesses to thrive. Its business Visa card offers credit facilities of up to 50,000 and no charges on FX and ATM transactions.
Finder rating: ★★★★★
Doing its job: 5/5
In a nutshell:
Foreign transaction charge
|Issuer||Capital on Tap|
|Purchases interest-free period||Up to 56 days|
|Min credit limit||£1,000|
|Max credit limit||Subject to status: £50,000|
|Additional cards available||10 (standard card), 20 (rewards card)|
|Incentive||Upgrade to Capital on Tap Business Rewards Card for £99 pa to earn 1 point for every £1 spent. 1 point can be redeemed for either 1 Avios or 1p in cashback. 10,000 bonus points when £5,000 spent in first 3 months. Up to 20 free supplementary cards available.|
What is Capital on Tap?
Capital on Tap is a digital lender that offers credit cards and loans of up to £50,000 to businesses all over the UK. It isn’t a bank, but it holds a regular licence that’s restricted to business lending and is authorised by the Financial Conduct Authority.
It was founded in 2012 and has had more than 65,000 business customers across the UK since its inception, providing more than £1 billion to help companies grow.
Compare Capital on Tap credit cards
Capital on Tap credit card options
You can choose between the Standard Business Credit Card and the Business Rewards Card. The standard option comes without any monthly or yearly fees, but unfortunately doesn’t allow you to earn any cashback or Avios points on your business spending. The Business Rewards Card costs £99 per year.
What are the pros and cons?
- Fast and straightforward application process, with a same-day decision.
- You can get multiple cards for free and set a different spending limit on each of them.
- No commission on non-sterling transactions.
- Different credit card options available, with or without annual fee.
- Credit card cashback is a premium feature.
- Capital on Tap is only a lender, so you’ll need another bank for the rest of your financial needs.
How does it work?
Capital on Tap customer reviews
On customer feedback forum Trustpilot, Capital on Tap has 4.5 out of 5 stars and a rating of Excellent, based on over 6,000 reviews.
Most customers who left reviews praise the service’s ease of use, the usefulness of the product and the helpful staff. Those with less favourable views cite issues with customer service, hidden charges and technical glitches as the reasons for their negative feedback.
Am I eligible for a Capital on Tap card?
You are eligible for a Capital on Tap Business Card if you meet the following criteria:
When it comes to repayments, you can make manual repayments online or over the phone (020 8962 7400), 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 arrange a direct debit for repayments when you apply for the credit card. The table below shows the options available.
Choose from the following direct debit options for your monthly repayments:
|Minimum amount||Fixed amount||Fixed percentage||Full amount|
Frequently asked questions