Capital on Tap’s business Visa card offers credit facilities of up to £250,000, no charges on FX transactions, uncapped cashback and the option of additional perks in return for an annual fee.
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Capital on Tap review
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Cashback
- Representative example:
- When you spend £1,200 at a purchase rate of 34.96% (variable) p.a., your representative rate is 34.96% APR (variable).
- Interest-free each billing period
- Up to 42 days
- Earn rate
- 1 point per £1 spent
- Foreign transaction charge
- 0%
Our verdict
For SME's seeking flexibility and perks, we reckon Capital on Tap lives up to the hype.
Finder Awards 2025 winner
London-born Capital on Tap is like the Monzo of the business credit card world. It stomped its way into a sleepy market where Barclaycard and Co. had been happily doing their thing for decades. So what did it take to cause such disruption? Fast and easy online applications, a super-slick app and an array of simple-but-nifty features and benefits – which we'll evaluate in this review!
Pros
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Out-of-the-box integrations with Xero, Quickbooks, FreeAgent and Sage.
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42 days to spread the cost of purchases provided you pay off your balance in full each month. This even applies to non-sterling transactions (which isn't always the case).
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Top-notch Android/iPhone app for both the main account holder and supplementary cardholders (main account holder can access more features).
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Unlimited additional cards at no additional cost.
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No currency conversion charges when you use your card overseas.
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Applicants with low credit scores may be eligible.
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Earn unlimited cashback on business spending.
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Top up your account with additional funds to use alongside your credit limit and earn even more cashback!
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Fee-free transfers out to your linked business account.
Cons
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Although there are no fees for cash withdrawals, you will be charged interest from the moment you get your cash.
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Transfers to your business bank account always incur interest from the day of the transaction (so your usual "up to 42 days" interest-free won't apply to this part of your balance).
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The fee-free transfers out from your Capital on Tap account can only be to your linked business account (this will be the account that your direct debit for repayments is taken from).
Details
Product Overview
| Issuer | Capital on Tap |
| Network | Visa |
| Representative APR | 34.96% |
| Annual/monthly fees | £0 |
| Purchases | 34.96% |
| Purchases interest-free period | Up to 42 days |
| Cash advances | 34.96% |
| 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 | 7.4Great |
| Extras | 8.3Great |
| Overall Finder Score | 8.5Great |
Fees and charges
| 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 |
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To make comparing even easier we came up with the Finder Score. Costs, perks and suitability across 120+ cards are all weighted and scaled to produce a score out of 10. The higher the score the better the card – simple.
Read the full methodologyBenefits of Capital on Tap
Some of the key perks of a Capital on Tap card are unpacked below. Jump to the benefit that matters most to you to discover more:
- Cashback
- Preloading funds
- Fee-free spending overseas
- Virtual cards
- Sync with your accounts software
- Lounge access (Pro plan)
Cashback
Whichever Capital on Tap card you choose, you’ll be able to earn 1% cashback on your business spending. So if you spend £500, you’ll get £5 back.
With Capital on Tap, the cashback is “uncapped” – which means that if you spent £100m you’d get £1m back (good luck getting a £100m credit limit!). Quite often banks will say something like “Earn 5% cashback… …up to £100”. That’s a way for them to sound generous while capping how much they actually have to pay out.
Technically, you earn “rewards points” as you spend on your Capital on Tap card. Each reward point is worth a penny. You get decide how to redeem these points. Choose cahback (lowering your outstanding card balance), gift cards (for the likes of Amazon, Airbnb or John Lewis) or convert them to Avios or Virgin Points (10 Capital on Tap points will get you 10 Avios or 10 Virgin Points).
If you opt for the “Pro” version of the card (£299 a year), and you preload your account with funds, you can earn 1.25% cashback on that part of your spending. So if you spent £500 of preloaded funds (rather than spending from your credit limit), you’d earn £6.25 cashback.
Preloading
“Preloading” is where you pay in funds to your Capital on Tap account, which you can spend before dipping into your credit limit. Capital on Tap launched this “first of its kind” feature in 2024 and it makes the Capital on Tap card a hybrid debit/credit product.
But why on Earth would you want this?
The main benefit is that you get to earn even more cashback – by spending preloaded funds. You’ll earn at 1% if you’re on the Free plan, and 1.25% if you’re on the Pro plan. Unless you happen to also have a 1% cashback business debit card, this could be a nice extra perk.
You’ll also 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. The whole transaction can be automatically fed through to your accounting software, keeping life simple!
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.
Fee-free non-sterling transactions
With most credit or debit cards, you’ll incur a fee (usually about 2.99%) each time you spend in a non-sterling currency. It’s also known as an “FX” or “forex” (foreign exchange) fee.
Historically, only a tiny number of credit cards have waived this, but especially among neo-banks, it’s actually becoming much more commonplace.
How much of a benefit this represents will depend on how much your cardholders would use their cards abroad, or how much you spend with businesses overseas. One short hop to New York could easily involve spending the equivalent of £1,000 in dollars while there, and on a traditional card that would mean £29.90 in fees, which is not nothing!
All cardholders on your acount get to enjoy this benefit, and it’s available on both the Free and the Pro plans. Currencies will get converted at standard Visa rates, which you can see live on Visa’s calculator.
Key tip: if you take your Capital on Tap card abroad and use it to pay at, say, a restaurant, then if the waiter says “Would you like to pay in dollars or pounds?”, then choose dollars. When Capital on Tap converts the currency for you, it’s fee, but if the restaurant’s bank converts the currency for you, it won’t be.
Virtual cards
All the usual perks and benefits apply whether you’re using a physical Capital on Tap card or a virtual one. But virtual cards can offer a number of additional benefits to SMEs.
In fact, the benefits start from the get-go: you don’t have to wait for for your physical plastic card to arrive, you can get spending as soon as you’re approved. And when it does arrive, you don’t have to carry it around if you don’t want to – just add it to Google Pay or Apple Wallet and just use your phone instead.
Should you lose your physical card, you’re no longer left high and dry. Simply freeze or cancel it in the app and generate a new virtual card (as well as ordering a replacement physical card if you wish).
That’s actually increasingly standard stuff in 2025, but Capital on Tap’s app (or online portal) makes it easy to go even further with virtual cards, should you wish.
Let’s say you want to sign-up for a subscription – perhaps for some software – but you don’t want it to roll on indefinitely. You could quickly generate a virtual card specifically for this subscription. The level of easy control Capital on Tap gives you means that you could set a specific limit on that virtual card, or you can even set a specific expiration date for that virtual card – in advance. How great is that?! Jeff Bezos would be furious! If the software provider hikes its monthly fees, they won’t be able to charge you. You can freeze or cancel that particular virtual card, safe in the knowledge that your other outgoings won’t be disrupted.
Got a pretty rigid budget for a project? Generate a virtual card for it with a set limit and benefit from clearly separated-out reporting too. Worried that your card is being used by somebody who shouldn’t be using it? Scrap it and generate a new one!
Each Capital on Tap cardholder on your account can have up to 5 virtual cards in use at any one time. There’s no additional cost involved and they’re ready to go straightaway.
Sync with your accounts software
If your business uses Xero, QuickBooks, Sage, or FreeAgent, then Capital on Tap supports out-of-the box integration that can simplify accounting. It’s straightforward to set up in the “Accounting” area of your app or online portal.
Each transaction will get shared more or less instantly with your accounting platform. It’s even categorised for you depending on the merchant (£80 at Pizza Express? that’ll go down as “Meals”… £20 at Rymans? that’ll be “Office supplies”). Don’t worry – you can override this categorisation if you need to, or you can attach notes to secific transactions. When you use your card, you can snap the receipt on your phone and upload it in the Capital on Tap app if you want to, and it’s automatically attached to that payment in your accounting platform.
If you use a different accounting platform, then you can generate an export of transactions from your Capital on Tap account. Depending on which platform you use, that file may be easy for it to ingest (Capital on Tap specifically mentions KashFlow as a platform that’s fine with this export file).
Lounge access (Pro plan)
If you’re thinking of shelling out for the £299-a-year Pro version of the Capital on Tap card, there’s a decent chance you’re planning to benefit from the unlimited airport lounge access it offers. If you consider that lounge access without a pass might cost you about £35 per visit, then four return trips a year totalling £280 in lounge entry fees would go a long way (pardon the pun) towards making that annual fee seem worthwhile. In fact this benefit alone is essentially equivalent to the “Prestige” level of Priority Pass membership, which would cost more than £400 per year.
Lounge access is administered through Priority Pass, which has lounges basically everywhere (more than 1,600 of them). Search up the airport in the “Find a lounge” area of Capital on Tap’s app to see what’s available where you’re headed. You won’t be sent out a physical Priority Pass card (which is a good thing, because when I signed up for an Amex, the accompanying Priority Pass card took a couple of weeks to arrive!). Just show the QR code on your digital Priority Pass card (in the “Rewards” area of your Capital on Tap app) on the door.
You’ll get unlimited lounge visits if you’re the primary account holder, plus two guest passes per year. That’s really rather good! But one thing we’d criticise is that there’s no way to book lounge visits, which – especially at Gatwick or Heathrow – is increasingly necessary.
Anything else?
Yep! 3 months of Xero (which isn’t hugely exciting – Xero always gives 30 days free, and it’s under £10 per month anyway).
But if you opt for the Pro plan, the main cardholder will also enjoy a beautiful reinforced steel card (one free replacement per year if you lose it), a digital subscription to The Times (which is actally worth more than £200 per year) and finally a 10,000-point welcome bonus (a point’s worth a penny).
Who is Capital on Tap?
Capital on Tap is a digital lender (i.e. not a broker) based in the UK that offers business credit cards designed for small businesses. It offers credit facilities of up to . 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.
What are the Capital on Tap rewards options?
Capital on Tap offers 2 schemes for its Business Credit Card. The standard option comes without any monthly or yearly fees, allows you to earn 1% cashback on your business spending, and convert rewards points to Avios. If you’re really into your points, you can opt to upgrade to the Pro scheme. For £299 a year, you could earn 10,000 points when you spend £5,000 in your first 3 months. Plus, unlimited access to 1,600+ airport lounges for the main card holder, 2 free guest lounge passes per year, and guest discounts.
How do I get a Capital on Tap card?
- Apply online. Once you have compared a range of business cards, you can apply for a Capital on Tap Business Credit Card online without affecting your personal credit score. Capital on Tap aims to let you know if you’ve been accepted within 2 minutes.
- Create an online account. Once approved, you’ll have access to the online portal, which allows you to keep track of your card’s spending, and you can also manage your funds through Capital on Tap’s app. You can transfer funds via the online portal from day one.
- You get the card. Your physical Visa card will be posted to you. Capital on Tap says it should arrive within 2 working days. But the good news is you won’t have to wait for your card to arrive to access the credit facility – you can log in and move funds from day one. You can also generate virtual cards from day one for making purchases online.
Am I eligible for a Capital on Tap card?
You may be eligible for a Capital on Tap Business Card if you meet the following criteria:
- Your business turnover is at least £2,000 per month
- You and your business are based in the UK
- Your business is active on Companies House
- Your business is registered as a private limited company (Ltd) or limited liability partnership (LLP)
- You have no unsatisfied county court judgments (CCJs) against you or your business in the past year (a CCJ is the court order you get if you fail to repay money you owe)
- Your business is not a charity, trust, fund or Royal Charter
- Your business is not a public limited company (PLC)
- Your business is not dormant, dissolved or an inactive company
- You are not a sole trader
How do you manage your Capital on Tap card(s)?
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.
Repayment options
When it comes to repayments, you can choose how much you repay from the following options:
- The full outstanding balance
- The minimum payment (10% of your outstanding balance, or £100 – whichever is greater)
- A fixed amount of your choosing (provided it’s above the minimum payment)
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. Weekly repayments could be handy for companies that are making money in more of a “little and often” pattern.
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.
Capital on Tap and Finder Awards
Our Finder Awards celebrate brands that truly stand out in their field, creating innovative personal finance products and providing outstanding service to their customers. Capital on Tap is one of these brands and was named our 2025 Business Credit Card Provider of the Year Award winner!
Capital on Tap customer reviews and service levels
Capital on Tap scored moderately well compared to its competitors in our 2025 customer satisfaction survey, with 83% 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: “It simplifies my expenses management and enables my business to stay on top of company spending.”
On Trustpilot, 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 December 2025).
Bottom line: Is Capital on Tap worth it?
We reckon so! If you opt for the free version, and pay off your balance in full each month, then you get to benefit from uncapped 1% cashback and the usual cash flow flexibility that a business credit card affords, for no cost. You’ll also get to take advantage of commission-free non-sterling transactions.
And on balance, at £299 a year, we think the Pro version stacks up too – with the benefits outweighing the fee for most small businesses. That’s especially true in year one, with that 10,000-point welcome bonus, but while many rewards cards lose their appeal when you’re over the welcome bous, we think this one will keep users interested. The airport lounge access is comparable to £400+ Priority Pass annual membership, and the Times subscription is worth £200+ per year as well.
All in all, Capital on Tap has successfully proven that SMEs don’t have to settle for a bolt-on card from their regular high-street bank.
But if you’re not convinced, check out more business credit cards in our business credit card comparison page.
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