Capital on Tap Business Credit Card
- Get up to £150,000 to grow your business.
- Earn 1% cashback for every £1 spent.
- Enjoy up to 56 days interest-free on purchases.
- No application fees or non-sterling transaction fees.
Representative example: When you spend £1,200 at a purchase rate of 26.4% (variable) p.a., your representative rate is 29.9% APR (variable).
Pros and cons
- Up to 56 days to spread the cost of purchases (provided you pay off your balance in full each month)
- No annual fee
- A relatively high interest rate on purchases
- Applicants with low credit scores are unlikely to be eligible
- You may be offered an opening credit limit as low as £100
How does it compare?
Other popular business cards
Table: promoted then other popular deals
Approval for any credit card will depend 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.
You can make manual repayments through Cashplus's app, by logging in to your online banking or over the phone (0330 024 0924). Alternatively, you may wish to set up a direct debit.
A direct debit protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee (£12) 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:
How to apply
Unfortunately, as of February 2019 the Cashplus Business Credit Card is only available to customers who have received an invitation code from Cashplus, either via email or letter. If you have, the online application process should only take a few minutes.
In order to apply successfully, you must be at least 18 and a UK resident. Your business needs to be registered with Companies House and must not have recently received any CCJs (County Court Judgements).
Once you've completed the form, Cashplus will give you an answer immediately.
Frequently asked questions
What credit limit will I get with the Cashplus Business Credit Card?
If Cashplus is able to offer you this deal, the offer will specify a tailored credit limit based on Cashplus's assessment of your situation and your business. The minimum limit offered on the card is £100, while the maximum is £3,000. Once you've had the card for a while and shown Cashplus that you're reliable, you may wish to apply for a credit limit increase.
Can I withdraw cash using the Cashplus Business Credit Card?
Although it's possible, withdrawing cash from a credit card account is generally not a good idea, as "cash-like transactions" (such as withdrawing cash at an ATM, getting cashback at the till, spending at a casino or buying currency) often incur steep fees and/or higher rates of interest.
The cash advance fee on the Cashplus Business Credit Card is 3% (min. £3). For example, if you withdraw £50, you'll incur a fee of £3.00. Withdraw £250, and you'll incur a fee of £7.50.
The interest rate on this part of your balance will be 39.94%, which is 34% more than the standard purchase rate (chargeable from the day of the transaction – the card's usual "up to 56 days interest-free" grace period won't apply).
How much does it cost to use the Cashplus Business Credit Card abroad?
Non-sterling transactions are subject to a 2.99% charge (which is very standard). For example, if you spend 200 euros (£169.00), it'll cost you around £5.05 in fees.
What is the minimum payment on the Cashplus Business Credit Card?
Each month you must pay at least 5% of your balance at that point or £10.00 – whichever of the 2 figures is greater. So if you had, say, £190.00 outstanding, you'd pay £10.00, and if you had £800.00 outstanding, you'd pay £40.00.
Paying only the minimum required amount each month is generally not advisable as it tends to be a very expensive way to borrow money which can lead to persistent debt.
Can I get additional Cashplus Business Credit Cards for my team?
Yes. Cashplus doesn't specify a maximum number of cards you can request. There's no fee for additional cards.
Finder credit card ratings
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
Our experts score business credit and charge cards to determine their value against similar products on the market. We look at a number of important factors, like the flexibility it offers, any rewards you can earn through company spending, account management tools, plus the potential costs involved with running the card both in the short and longer term.
You can read more about our scoring criteria on our credit card methodology page.
. 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.