Capital On Tap – reviews, analysis and fees

Last updated on 10 August 2023

Capital on Tap is a business credit card designed for SMEs – but does it have good reviews? Issued by Visa, and available as a physical card as well as being compatible with Google and Apple Pay, a Capital on Tap credit card comes with a range of benefits to customers, most notably uncapped cashback of 1% of all spending and a points reward system.

Compare business finance What are you looking for?


In partnership with Nerdwallet

Capital on Tap is available to any business listed on Companies House with a monthly turnover of £2,000 or more, making this a flexible and accessible approach to business credit.

Video: Understanding business credit cards

Capital on Tap business credit cards

Pros and cons of Capital on Tap credit cards

ProsCons
Credit limit of up to £250,000 Not available to sole traders
1% cashback on all purchases Some users complain about the APR
No fees for currency transfers or ATM withdrawals
Very good online reviews on TrustPilot
Capital on Tap pros and cons
Capital on Tap mobile app user interface

Business credit cards

The Capital on Tap business credit card is a Visa card. You will attract enjoy 1% cashback on all purchases and earn points that can be exchanged for cash or discounts on your balance. Capital on Tap cardholders are also entitled to discounts with a range of vendors when using their card, including Microsoft, Hertz, and Zoom.

Regular business travellers may wish to apply for a Business Rewards account. This will cost £99 per year, but your Capital on Tap account will automatically be awarded 10,000 points if you spend £5,000 in the first three months of use, and your points can be redeemed with Avios for flights, hotels, and car hire.

The maximum credit limit on a Capital on Tap credit card is £250,000, though obviously there are no guarantees that you will be provided with this much leeway upon application. Your credit limit be assigned upon a successful application. The average APR is 13.6%, with up to 56 days being interest-free.

Explore business banking

Revolut Business
✓ Business Current Account
✓ Award-Winning Mobile App
✓ Quick & Easy Application Process
Pricing Trial period Contact

Tide Business Bank Accounts
✓ Free, Plus, or Pro Account
✓ iOS & Android Mobile App
✓ Upload & Auto-Match Receipts
Pricing Trial period Contact

Card One Money
✓ No Credit Checks
✓ Simple Fees
✓ Up to 3.5% Cashback
Pricing Trial period Contact

ANNA Money
✓ Apply in 10 minutes
✓ Bookkeeping & Payroll Tools
✓ User-Friendly Mobile App
Pricing Trial period Contact

Co-Op Business Banking
✓ Business Current Account
✓ Online, App & High Street Banking
✓ Quick & Easy Application Process
Pricing Trial period Contact

HSBC Business Banking
✓ Business Current Account
✓ In-Branch, Online & App Banking
✓ FSCS Protected
Pricing Trial period Contact

Metro Business Banking
✓ Business Current Account
✓ High Street Presence
✓ FSCS Protected
Pricing Trial period Contact

Mettle Business Banking
✓ Business Bank Account
✓ Online & App
✓ Quick & Easy Application Process
Pricing Trial period Contact

Monzo Business Banking
✓ Business Current Account
✓ Dedicated mobile app experience
✓ FSCS Protected
Pricing Trial period Contact

Virgin Money
✓ Business M Account
✓ In-Store, Online & App Banking
✓ Insights & Forecasting Platform
Pricing Trial period Contact

While Capital on Tap will send you a physical, plastic card, you can also add your Capital on Tap card to your Apple Pay or Google Pay wallet. This electronic card will be available as soon as your account is approved. You can manage your Capital on Tap account online or through the app, integrating the card with third-party accounting software if you wish.

Capital on Tap account login

Merchant cash advance

Not available from Capital on Tap. See merchant cash advance.

Business loans 

Not available from Capital on Tap. See best business loans

Asset finance 

Not available from Capital on Tap. See best asset finance

Invoice finance

Not available from Capital on Tap. See invoice factoring

Commercial mortgages

Not available from Capital on Tap. See commercial mortgages.

Business vehicle finance

Not available from Capital on Tap. See business vehicle finance.

Capital on Tap key information

Phone number020 8962 7401 
App downloadsiOS; Android
Websitewww.capitalontap.com
Number of branchesN/A – Capital on Tap is an online business
FSCS protected?No
Founded2012
Key information

Capital on Tap reviews

Review platformScoreNumber of votes
TrustPilot4.5/510,618
FeefoNot reviewedN/A
Reviews.ioNot reviewedN/A
Smart Money People5/52
Which?Not reviewedN/A
Average score4.75/510,620 total votes
Capital on Tap reviews and ratings

Business eligibility criteria

To qualify for a Capital on Tap credit card, you must meet the following criteria:

  • Be a limited company or partnership based in the UK and listed on Companies House
  • Have a monthly business turnover of at least £2,000
  • Have no unsatisfied CCJs against your business name in the last year

Business finance alternatives

If Capital on Tap does not meet your needs as a business credit card, or you simply wish to compare the APR and rewards with other suppliers, consider these alternative business credit and expense cards.

  • American Express
  • Barclaycard
  • Juni
  • Soldo

Additional considerations

While Capital on Tap currently only offers credit cards the business clearly has eyes on expanding into further lending, recently securing nine figures of funding to build a central hub designed to assist small businesses.

FAQ

How do I apply for a Capital on Tap business credit card?

Capital on Tap has a very simple online application form that only takes a couple of minutes to complete. Head to the website and provide your company details.

How long does it take to get approved for a Capital on Tap credit card?

Most applications for a Capital on Tap credit card and reviewed within minutes, based on a soft credit search. If your application is successful you will be offered an APR and interest rate, and if you accept these terms, a final credit check will be completed and the card issued. You can use a digital card with Apple Pay or Google Pay while you wait for your physical card to arrive.

What credit limit will I get on my Capital on Tap business credit card?

A credit limit will be assigned based on your business finances and turnover. The maximum credit limit offered by Capital on Tap is £250,000. Your credit limit will be reviewed periodically and potentially increased or reduced in line with your use.

What is the minimum monthly repayment I will need to make on my Capital on Tap card?

The minimum contracted monthly repayment on your Capital on Tap business credit card will be 10% of the outstanding balance, though the more you clear, the less interest you will accrue.

Can I use a Capital on Tap business credit card online and overseas?

Yes, you can use a Capital on Tap business credit card anywhere that accepts Visa credit cards.

Can I use my Capital on Tap business credit card for personal spending?

Using your Capital on Tap card for any spending not related to your business will violate your contract. If Capital on Tap believes you are using your business credit card for personal use, you may have your credit limit reduced or your account closed without warning.

Compare ⓘ

Reviewed by , Managing Director

Important

Business Financed provides general information, but not financial advice. Always speak to a qualified expert to get personalised advice for your business.

Advertising disclosure

We may be paid a commission by our FCA-regulated partners when you click on the links in our articles. This does not affect our independent journalism.

Learn more

You can learn more about how this website operates by clicking here.