Capital on Tap Credit Card: Features, Benefits, and Eligibility Explained
Written by Lee Hart
The Capital on Tap credit card is designed to make managing business expenses simpler and more rewarding for small businesses. Businesses can get a credit limit of up to £250,000 with no annual fees and earn unlimited 1% cashback on every purchase. This card offers fast online approval, flexibility, and an easy way to handle daily spending.
With features like 24/7 support, easy integration with accounting software, and spending controls, it is aimed at helping businesses grow while staying organised. Capital on Tap's approach is about quick decisions and hassle-free management, making it an attractive option for many business owners.
Key Takeaways
- Capital on Tap offers high credit limits with no annual fees.
- Businesses earn cashback and can access helpful management tools.
- The card provides fast application and strong customer support.
Overview of Capital on Tap Credit Card
Capital on Tap is designed for small business owners looking for a flexible way to manage expenses. The card offers cashback rewards, easy online management, and the chance for higher credit limits based on business performance.
Key Features
Capital on Tap offers unlimited 1% cashback on all business purchases. This means every £1 spent earns 1 point, which can be redeemed for rewards. There are no annual fees for the standard card, making it more accessible for small businesses.
The credit limit can be quite high—up to £250,000—depending on the business’s financial strength and credit rating. Businesses can also preload funds onto the card, which can increase rewards and flexibility.
Users can manage their account through an online dashboard, making payments and checking transactions simple. Payments can be made to suppliers or moved to other high-street bank accounts through the card’s connected online account. Cardholders can also make up to two cash withdrawals per day, up to a value of £400; however, cash withdrawals may come with extra fees and interest.
Eligibility Criteria
To apply for a Capital on Tap credit card, a business needs to be registered and have a UK business bank account. Sole traders, partnerships, and limited companies can all apply. The business and the primary cardholder must be based in the UK.
Capital on Tap uses its own system to quickly assess a business’s risk profile and creditworthiness. This process considers factors such as credit score and recent business performance. A good or fair business credit history may increase the chances of approval and access to higher credit limits.
Applicants must also meet a minimum age requirement, usually 18 years or older for the primary cardholder. Those who have had financial difficulties or bankruptcies may be less likely to be approved.
How the Credit Card Works
After approval, the cardholder gets a Visa business credit card linked to an online account. Cardholders can use the card for business purchases anywhere Visa is accepted. Payments are tracked in real time through the Capital on Tap online platform.
Each month, the business must pay at least the minimum balance via direct debit from their main business bank account. Preloading funds onto the card enables greater rewards but is not required. Funds can also be transferred to other UK bank accounts as needed.
Rewards can be redeemed for cashback or other options via the account dashboard. The card is not a bank account but is supported by a clear repayment system and an easy interface for managing spending and rewards. More information is available on the Capital on Tap website.
Application Process
Getting a Capital on Tap credit card is quick and can be done completely online. Applicants need to have key business documents ready and fill in a short form to receive an instant decision.
Required Documents
Applicants must provide details about their business and identity. The most important documents include:
- Business registration details
- Proof of identity for the business owner (such as a passport or driving licence)
- Address confirmation for both the business and owner (utility bill, bank statement)
- Proof of business income or financial activity (bank statements)
A personal guarantee is also required, which means the owner is responsible for the balance if the business is unable to pay. This guarantees the lender some protection if the applicant defaults. The company may also request recent financial records or tax documents in some cases to support the application.
Online Application Steps
The application can be completed in just a few minutes through the Capital on Tap website. The process is simple:
- Fill out the online application with business details and owner’s information.
- Upload or submit requested documents for verification.
- Read and agree to the personal guarantee terms.
- Receive an instant decision on approval, and if accepted, the card is issued quickly.
Funds can often be accessed soon after approval, and the applicant can draw down cash to their business bank account within minutes. The whole process is designed to be fast and straightforward, saving time for small business owners who need access to credit quickly. For more guidance, review the detailed walkthrough of the process.
Credit Limits and Spending Controls
Capital on Tap credit cards provide flexible ways for businesses to manage their credit limits and control spending. Business owners can adapt card settings to better suit their company’s needs.
Setting and Adjusting Credit Limits
Capital on Tap offers business credit card limits up to £250,000, though the approved limit depends on the applicant’s creditworthiness and business profile. Limits are set during the application process, and most users will not receive the maximum right away.
Cardholders can request a review to increase or decrease their credit limit at any time. This process usually requires recent business financial information. The company's platform allows users to monitor available credit, track outstanding balances, and receive notifications about their usage.
Having control over credit limits helps prevent overspending. The platform shows a clear summary of the current limit, spending, and available credit at all times in the online dashboard. For more details on limits and requirements, the Capital on Tap website has a guide on credit limits and management.
Managing Employee Cards
Businesses can request additional employee cards for team members, helping them separate business expenses by user. Each card can have a custom spending limit that the main account holder sets. Limits for employee cards can be adjusted easily through the online account.
Card management features include freezing or unfreezing cards instantly and tracking each employee’s transactions in real time. Spending alerts and detailed reports are available for every team member, making it simple to spot unusual activity. Capital on Tap's portal also lets the account owner cancel or reissue cards as needed.
These controls make it easier for businesses to budget, monitor staff expenses, and avoid unauthorised spending. Extra information about managing employee cards and controls is available in the guide to staff cards and controls.
Rates, Fees, and Charges
Capital on Tap offers clear pricing, but costs can vary based on credit score and user habits. The most important factors are interest rates, annual charges, and transactional fees.
Interest Rates
Capital on Tap’s business credit card uses a variable interest rate. The purchase rate usually starts as low as 15.5% for new customers but can range much higher if the applicant has a lower credit rating. Their representative APR can be as high as 59.15% depending on the user’s financial situation.
The final interest rate is only confirmed after you apply. Paying the full balance each month avoids most interest charges. Users who carry a balance will pay the rates set by the agreement.
The rate applies to purchases, cash withdrawals, and any carried balance. Because of these variable ranges, it is important to check your specific offer before use. More specific details can be found in this Capital on Tap review.
Annual and Transactional Fees
Capital on Tap charges an annual fee of £99 for most accounts. There are no monthly fees.
The card does not charge foreign transaction fees or fees for ATM withdrawals, making it attractive for businesses needing flexibility when travelling or buying overseas. This feature is highlighted in their detailed business credit card rates guide.
Common fees for other business cards, like late payment or cash advance fees, may still apply. Users should read the agreement carefully to understand all possible extra charges.
A summary of standard fees:
- Annual Fee - £99
- Foreign Transaction - £0
- ATM Withdrawal - £0
- Late Payment - As per agreement
Rewards Programme
Cardholders benefit from earning points on every pound spent and have several options to redeem their rewards. The programme is designed to keep things simple while offering value on everyday business purchases.
Earning Points
Capital on Tap credit card users earn 1 point for every £1 spent on the card, including all purchases made on both the primary card and any employee cards connected to the account. There is no cap on how many points someone can accumulate, so regular business spending can result in a steady points balance.
Points are credited automatically and can be tracked at any time using the secure online portal or via the Capital on Tap app. This makes it easy to monitor rewards progress and keep an eye on spending. Points accrue on all eligible purchases, regardless of the business size, giving each business predictable rewards on their payments.
Certain transactions like cash withdrawals, interest, and fees do not earn points. To maximise earning potential, it is best to use the card for business spending categories that award points with every pound.
Redeeming Rewards
Points collected with the Capital on Tap credit card can be redeemed through the online account or in the app, which streamlines the rewards process. Cardholders can choose from a range of redemption options, including cashback and other rewards.
Cashback is the most direct way to benefit, giving businesses flexible value for their points. Points can also be converted to other rewards, like travel or gift cards, depending on the redemption options available on the user’s account.
There are no limits to how many points can be redeemed at any time, and the process is completed in just a few steps. More details and steps on redeeming rewards can be found by visiting the official how to redeem reward points page.
Security and Fraud Protection
Capital on Tap credit cards include several features aimed at protecting businesses against fraud and misuse. Users benefit from advanced digital security, real-time alerts, and clear processes for dispute and card management.
Fraud Monitoring Tools
Capital on Tap employs automated systems to detect unusual or suspicious transactions. These systems run 24/7 and are designed to spot activity that might indicate fraud or unauthorised use. When unusual activity is detected, the cardholder may receive instant notifications by email or app alert.
The card also supports rapid card freezing. If a card is lost or stolen, users can freeze it immediately using a secure online portal or mobile app. This function helps prevent misuse before any further unauthorised transactions occur.
Other security measures include chip and PIN protection and the option to use virtual cards. Virtual cards can add a further layer of separation between physical card details and online payments. More details on these protections can be found on the Capital on Tap website.
Cardholder Responsibilities
Cardholders play an active role in keeping their accounts secure. They are required to keep their PIN confidential and regularly review account activity for any signs of fraud or irregular charges. Immediate reporting of lost or stolen cards is essential, allowing the provider to block the card and start any investigations quickly.
Business owners should ensure only trusted employees have access to cards and should promptly remove access for anyone who no longer requires it. Following best practices for password management and account security, such as not sharing login details, adds a further defence against online threats. The rules and expectations are detailed in the Capital on Tap review.
Integration with Accounting and Business Tools
The Capital on Tap credit card connects smoothly with several popular accounting platforms. Businesses using Sage, Xero, QuickBooks, or FreeAgent can benefit from automatic syncing of their transactions. This helps keep financial records up to date with less manual work. Learn more about these integrations on the official Capital on Tap expense management page.
Key integrations include:
- Xero
- QuickBooks
- Sage
- FreeAgent
Transactions import daily, making reconciliation simpler. This automation can help reduce errors and save time. There is no need to export and upload files every week.
While these connections support many businesses, it is worth noting that direct linking with some platforms may not always be available. For example, QuickBooks does not currently support Open Banking for Capital on Tap cards in some regions. For updates, check the QuickBooks help site.
Many users also appreciate the user-friendly online portal and app offered by Capital on Tap. These tools let account holders view spending, download transaction files, and manage cards efficiently.
Customer Support and Card Management
Capital on Tap offers customer support available 24/7 by phone and email. Customers can reach the team by calling 020 8962 7401 or sending an email for help at any time. More details are found on their contact page.
If cardholders notice any unauthorised charges or need to dispute a transaction, they can contact customer service to raise a dispute. The process is simple: notify the team, provide details about the issue, and submit requested evidence. This helps resolve problems quickly and efficiently. Guidance on disputes is provided in the Capital on Tap FAQ.
Managing the card account is straightforward. Customers can use both a mobile app and an online portal to access account details, check spending, view statements, and make payments. The portal is designed for ease of use and allows business owners to keep control of their card from anywhere. They can log in at the online portal.
Useful features for management include:
- Employee Cards: Issue free additional cards to staff
- Expense Tracking: Monitor spending and categorise purchases
- Notifications: Stay updated on all transactions
These tools aim to make managing business finances easier and more transparent. Capital on Tap’s combination of 24/7 support and digital management options is designed to fit the needs of small businesses. For more about business account features, see this Capital on Tap review.
Capital on Tap vs. Other Business Credit Cards
When comparing Capital on Tap to other business credit cards, some clear differences stand out.
Rewards:
Both Capital on Tap and American Express cards offer rewards, but the value and type differ. Capital on Tap provides straightforward cashback and lets Pro cardholders convert points to Avios, a frequent flyer currency. The Free card also earns Avios now, but at a lower rate as of June 2025. Learn more about the new Avios earning rates.
Customer Ratings:
Capital on Tap has a high Trustpilot score, while American Express rates much lower with UK customers. This suggests a higher level of satisfaction among Capital on Tap users than for Amex business account holders.
Credit Limits:
Capital on Tap offers credit limits up to £250,000 based on the business's credit profile and performance, which is competitive for business credit cards. More on how limits are set.
Fees and Costs:
Some other cards have more fees, such as for added employee cards or annual charges. Capital on Tap keeps its fee structure simple, though there are differences between the Free and Pro card versions.
Pros and Cons of the Capital on Tap Credit Card
Capital on Tap offers several advantages for business owners. One of the biggest benefits is uncapped 1% cashback on all spending, which rewards users for every purchase. The card also features a straightforward application process that is fast and easy.
Many users appreciate the high credit limits. Depending on the business’s strength, credit limits can go up to £250,000, which helps with larger purchases or cash flow gaps. The card also supports easy fund transfers to high-street bank accounts.
On the downside, there are some requirements to qualify. For example, businesses must meet minimum turnover criteria, which might not suit newer or smaller start-ups.
Some users dislike the limit on cash withdrawals. Only two ATM withdrawals are allowed per day, with a maximum value of £400 each time. Also, since Capital on Tap does not offer banking services, users must manage their finances through other banks.
Here is a quick look in bullet point form:
Pros:
- 1% uncapped cashback
- High credit limits (up to £250,000)
- Simple, fast application
- Easy transfers to UK bank accounts
Cons:
- Minimum turnover to qualify
- Cash withdrawal limites
- No banking services
- Not ideal for brand new businesses
For more details, read these reviews and case studies about the Capital on Tap Business Credit Card.
Frequently Asked Questions
Capital on Tap business credit cards offer credit to small businesses in the UK. Applicants need to meet certain criteria, and the card comes with its own set of features, fees, and user experiences.
How do I apply for a Capital on Tap business credit card?
To apply, business owners must fill out an online application on the Capital on Tap website. Applicants provide basic business information, contact details, and financial data. Decisions are usually quick, and many receive outcomes within minutes.
What are the eligibility criteria for a Capital on Tap business credit card?
Applicants must have a registered business in the UK and be at least 18 years old. Only directors or business owners can apply. The business should have a UK bank account and be actively trading.
How can I manage my Capital on Tap credit card online?
Capital on Tap provides an online dashboard where users can view transactions, manage payments, and track spending. The card also offers a mobile app for managing accounts, paying bills, and viewing statements.
What are users saying in their reviews about the Capital on Tap credit card?
Reviews highlight fast application processing and easy card management. Many users like the rewards and clear online system. However, some point out that fees and certain limits can be a downside. For more user feedback, visit Capital on Tap business credit card reviews.
What are the necessary credit requirements to qualify for a Capital on Tap card?
Applicants do not need a perfect credit history. However, a fair credit profile and business trading history increase approval chances. There is no minimum credit score, but factors like recent CCJs can affect the decision.
Are there any fees associated with the Capital on Tap business credit card?
The Capital on Tap card may have an annual fee, depending on the card type chosen. Other charges may include late payment fees and cash advance fees. Details on fees and costs are available on the Capital on Tap FAQ page.
About The Author
Lee Hart
