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Capital on Tap Business Credit Card review

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Capital on Tap Business Credit Card
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Representative example: When you spend £1,200 at a purchase rate of 35.15% (variable) p.a., your representative rate is 35.15% APR (variable).
Interest-free each billing period
Up to 56 days
Earn rate
1 point per £1 spent
Representative APR
35.15% (variable)
Foreign transaction charge
Our verdict

Business credit card challenger Capital on Tap aims to help small businesses to thrive.

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Finder Award 2023 Winner
Innovation Award

Since launching in 2012, Capital on Tap has been shaking up the business credit card space with its generous rewards schemes and free-free spending abroad. And although it isn’t doing anything revolutionary, it is doing it well.

Specifically designed with small businesses in mind, you can use it 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. 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, you should 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 offers out-of-the-box integrations with Xero, Freshbooks and FreeAgent. You get up to 56 days to spread the cost of purchases (provided you pay off your balance in full each month). Plus, this even applies to non-sterling transactions, which isn't always the case.
  • The Capital on Tap app (which is fun to say) for Android or iPhone is a quick and easy way to log in to your online portal and offers the same functionality. It can be used by both the main account holder and supplementary cardholders, but as you might expect, the main account holder will be able to access more features.
  • You can get unlimited additional cards at no additional cost for employees and partners.
  • There are no currency conversion charges when you use your card overseas. You’ll just be charged the Visa conversion rate.
  • Applicants with low credit scores may be eligible.
  • You can opt for the fee-free deal or shoulder a small annual fee of £0 to access more lucrative rewards.


  • The interest rate charged on cash advances (withdrawing cash at an ATM) is 49.88%, which is a bit of a shocker... Don't get lured in by the fact that there's no fee on these withdrawals. The good news is there's an easy workaround: it's free to transfer funds to your business account, so you can just withdraw from that and avoid paying any extra interest.
  • The free transfers out from your Capital on Tap account must be to your linked business account (this will be the account that your direct debit for repayments is taken from).
  • Cash withdrawals and transfers to your business bank account always incur interest from the day of the transaction (your usual 'up to 56 days' interest-free won't apply to these parts of your balance.
Representative example: When you spend £1,200 at a purchase rate of 35.15% (variable) p.a., your representative rate is 35.15% APR (variable).

In this guide

  • Our verdict
  • Details
    • Product Overview
    • Fees and charges
  • Your reviews

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.


Product Overview

Issuer Capital on Tap
Network Visa
Annual/monthly fees £0
Purchases 34.3%
Purchases interest-free period Up to 56 days
Cash advances 49.885%
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.
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.
Potential costs ★★★★★
Doing its job ★★★★★
Extras ★★★★★
Overall Finder rating ★★★★★
Overall customer rating

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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What is Capital on Tap?

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 that is restricted to business lending and is authorised by the Financial Conduct Authority (FCA).

Since launching in 2012, Capital on Tap now has 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.

Compare Capital on Tap credit cards

Table: sorted by interest rate on purchases
1 - 2 of 2
Name Product Ratings Customer rating Finder rating Purchases Annual/monthly fees Rewards earn rate Representative APR Incentive Representative example
Capital on Tap Business Credit Card (+optional Business Rewards)
Finder score
User survey
User rating
Expert analysis
1 point per £1 spent
35.15% APR (variable)
Earn points on all card spend. Points can be redeemed for Avios or 1% cashback. 10,000 bonus points when £5,000 is spent on card in first 3 months.
Representative example: When you spend £1,200 at a purchase rate of 35.15% (variable) p.a., your representative rate is 35.15% APR (variable). Optional upgrade to Business Rewards (£99 per year).
Capital on Tap Business Credit Card
Finder score
User survey
User rating
Expert analysis
1 point per £1 spent
35.15% APR (variable)
Earn 1 point for every £1 of card spend. Redeem 1 point for 1p (1% cashback)
Representative example: When you spend £1,200 at a purchase rate of 35.15% (variable) p.a., your representative rate is 35.15% APR (variable).

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.

What are the Capital on Tap rewards options?

Capital on Tap offers two 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 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.

How does Capital on Tap work?

  1. Apply online. Once you have compared a range of business cards, you can apply for a Capital on Tap Business Credit Card with no effect on your credit score. Capital on Tap aims to let you know if you’ve been accepted within 2 minutes.
  2. Create an online account. Once approved, you’ll have access to tThe 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.
  3. You get the card. The card is a Visa that will be posted to you. Capital on Tap says it should arrive within 2 working days but 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.
  4. Spend money and pay it back. You can use your card for payments, to transfer funds directly to your high street bank account and also to withdraw cash from ATMs (maximum 2 transactions at £400 a day). Capital on Tap then collects repayments via direct debit or manual repayments through the online portal. If you clear your balance in full each month, you’ll also enjoy up to 56 days of 0% interest on your purchases each billing cycle.
  5. Earn cashback/Avios. Every time you use your card (subject to a few exceptions, like cash advances) you’ll earn cashback or points to redeem for Avios, depending on what rewards scheme you opt for.

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 £24,000
  • 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 iPhone 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:

  • Full balance
  • Minimum 10% of your outstanding balance, or £100, whichever is greater
  • Fixed amount

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 arrange 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 wanted 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.

Choose from the following direct debit options for your monthly repayments:

Minimum amount Fixed amount Fixed percentage Full amount

Capital on Tap customer reviews

Customers who took part in Finder’s 2023 customer satisfaction survey were overwhelmingly positive about Capital on Tap, with many highlighting its “exceptional” customer service and app, and generous customer loyalty rewards.

One customer said: “I get deals and offers all the time online and in the post, I tell all my friends and family to join”

Capital on Tap scored of 5 out of 5 for customer satisfaction. 91% of customers would recommend the brand to a friend.

Capital on Tap also scored 4.7 out of 5 on review site Trustpilot from more than 11,000 reviews (updated September 2023). This gives it an “excellent” rating.

Trustpilot Google Apple App Store Google Play


1.2 out of 5
Based on 765 reviews (updated July 2023)


4.7 out of 5
Based on 3,978 reviews (updated July 2023)


4.9 out of 5
Based on 1,291 reviews (updated July 2023)


4.2 out of 5
Based on 67,107 reviews (updated July 2023)

The bottom line

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.

Whether or not 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.

Frequently asked questions

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Our customer satisfaction scores ("Customers say") are based on a survey of 623 customers carried out in December 2022.

To find out more, read our full methodology.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.
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