Capital on Tap Business Credit Card Review

To choose the most suitable credit card for your UK business, thorough research is essential. If you're currently navigating this process, Capital on Tap Business Cards are worth exploring.

It is designed specifically for UK small businesses, and offers a line of credit to help manage everyday expenses and cash flow. As of 2025, it remains one of the more accessible business credit options and is equipped with features that can simplify business spending.

In this review, we'll take a closer look at what the card offers, including its fees, benefits, and any potential limitations, to help you make an informed decision. And while you're evaluating what Capital on Tap offers for your small business, we suggest you also check out Wise Business, known for its multi-currency debit card, a great option for businesses spending overseas.

💡 Learn more about Wise Business

What is the Capital on Tap Business Credit Card?

The Capital on Tap Business Credit Card is made for small businesses in the UK. It helps business owners get quick access to money, keep track of employee spending, and earn rewards on everyday business purchases. Over 200,000 businesses in the UK and the US already use Capital on Tap business credit cards to manage their spending and grow their business¹.

Some key features include:

• High credit limits, depending on your business profile
• No annual fee options
• Cashback on all business spending
• Can be preloaded to earn more rewards

The card has a shorter interest-free period and a higher interest rate than others. Still, many small business owners find it useful for managing daily costs and getting flexible funding. This is also owed to the fact that Capital on Tap has a simpler platform and helpful tools to ease the overall user experience.

Benefits of the Capital on Tap Business Credit Card

Here are a few perks you can avail with a Capital on Tap Business Card:

Cashback and Rewards

Cardholders earn 1% uncapped cashback on all spending². You can also convert your rewards into e-gift cards or Avios points. If you choose the Business Rewards card, you can access more Avios benefits (note: this version has an annual fee of £299). The card lets you preload funds for cashback on credit and top-up amounts.

High Credit Limits

Depending on your business profile, the Capital on Tap business card limits can go up to £250,000². This allows many small businesses to cover larger expenses or unexpected costs.

Useful Tech Tools

The card connects easily to popular accounting software like Xero, QuickBooks, FreeAgent, Sage, and KashFlow. It also offers a mobile app for Android and iPhone, where you can manage spending, check balances, and add users, all in one place.

Transparent Interest Policy

The Capital on Tap business credit card interest rate is openly shared during the application. The rate is based on your credit and business history. Though it may be higher than some traditional banks, the benefits and flexible payment terms can help balance out the cost for many users.

If you run a business and want a credit card that gives you money back on what you spend without charging a yearly fee, this card might be a good fit. It's also a smart pick for teams that travel to other countries, since you won't pay extra for using the card abroad.

Everything is managed through an app, so it works best for business owners happy to handle their finances on their phone or computer.

Drawbacks of Capital on Tap Business Credit Card

Capital on Tap Business credit card may not be the right choice for every business. This section of the Capital on Tap business credit card review looks at some key drawbacks that business owners should consider before applying.

Only for Registered Businesses

To apply, your business must be a UK-based limited company (Ltd or LLP) or a partnership. Sole traders and other business types are not eligible. In addition, your business must earn at least £24,000 per year³. These rules limit access, especially for smaller or newer businesses just starting out.

High Representative APR

The Capital on Tap business card fee includes a moderately high representative APR, their FAQs list rates as low as 14.40%⁴ variable, but since the final rate is determined by credit history, actual rates are reported to range from 36.19% to 59.15%. If you don't pay your balance in full each month, the interest can add up fast.

Expensive Business Rewards Option

Yes, the card has a free version, but the Business Rewards version has a high annual fee of £299⁴. This may not be ideal for smaller businesses that don't spend enough to benefit from the extra perks, like enhanced Avios rewards. It's important to weigh the value of the rewards against the cost of the card.

Linked Business Account Required

To use the card, you must connect it to your business bank account. This account is where your repayments will be taken through direct debit, and it must also be used for any transfers or payouts. This may be inconvenient for business owners who manage multiple accounts or prefer flexibility.

Hence, it's important to look beyond the benefits and understand how the card works in real situations. The card may suit some businesses very well, but others may find the fees and rules too limiting.

Visa or Mastercard exchange rates

Capital on Tap doesn't add any fees for spending abroad, however you will be charged according with Visa and Mastercard's exchange rates, those rates usually have a mark-up on top of the mid-market exchange rate, meaning your overseas spending won't be converted to GBP at the same rate you find on google.

If you need a better option to spend abroad, Wise Business debit card is the way to go. With Wise Business card you can spend in 150+ countries with the mid-market exchange rate and small, transparent fees.

You can pay in 40+ currencies with your Wise Business card even if you don't have a balance for the currency on your multi-currency account. Wise's smart technology will convert your spending automatically to GBP. What is even better? You earn 0.5% cashback on your purchases.

Get Wise Business card 💳

Eligibility Requirements for Capital on Tap Business Credit Card

The Capital on Tap business credit card is made for UK-based business owners who are directors or own at least 25% of their company.

To meet the Capital on Tap business credit card requirements, your business must:

• Be a Private Limited Company (Ltd) or a Limited Liability Partnership (LLP)
• Earn at least £24,000 a year
• Have a UK business bank account
• Have no unpaid County Court Judgments (CCJs)

Sole traders are not eligible to apply. It also excludes charities, trusts, Royal Charters, and Public Limited Companies (PLCs).

Capital on Tap Business Card Fees

Scan this updated 2025 fee table for the Capital on Tap Business Credit Card in the UK⁴:

Fee Type	Free Rewards Plan	Business Rewards Plan	Pro Plan
Annual Fee	£0	£99	£299
APR rates (Variable)	From 14.40%	From 14.40%	From 14.40%
Foreign Transaction Fees	£0 - Visa and Mastercard exchange rates apply	£0 - Visa and Mastercard exchange rates apply	£0 - Visa and Mastercard exchange rates apply
ATM Withdrawal Fees	£0	£0	£0
Employee Cards	Unlimited, free	Unlimited, free	Unlimited, free
Rewards	1% cashback	1% cashback + Avios conversion	1% cashback + Avios + travel perks
Bonus Points	None	10,000 points after £5,000 spend in 3 months	10,000 points after £5,000 spend in 3 months
Travel Perks	None	None	Airport lounge access, Radisson VIP status

Note: Rates and fees may change depending on your business credit profile and other conditions. For the latest details, check the official Capital on Tap website or speak to their support team.

How to Apply for the Capital on Tap Business Credit Card

The steps to apply for a Capital on Tap Business credit card go like this:

1. Make Sure You Qualify: Check that your business meets the basic rules. You must have a UK-registered Ltd or LLP company, earn at least £24,000 a year, and have no unpaid CCJs.
2. Gather Your Info: You'll need your company's name, registration number, annual turnover, and your own details like your name, address, and contact info.
3. Go to the Website: Visit the Capital on Tap website and choose the card that suits your needs, either the Free Rewards or Business Rewards card.
4. Fill Out the Form: Click the 'Apply Now' button and enter all your business and personal details.
5. Review and Send: Check your answers to make sure everything is correct. Then hit submit.
6. Get a Quick Answer: Capital on Tap will check your details and run a soft credit check (this doesn't affect your score). Most people get a decision in minutes. If approved, your card will arrive in a few days.

Ensure all the information you give in your application is correct and complete. Anything missing or wrong could slow things down or cause your application to be declined.

Wise Business debit card: alternative to Capital on Tap

If your business operates internationally and your employees are regularly spending time abroad for work, Wise Business expense cards could be the ideal solution.

These contactless international debit cards work for spending and cash withdrawals in 150+ countries worldwide, with no foreign transaction fees or subscription fees.

Whenever someone spends or withdraws cash overseas, the currency is converted at the mid-market exchange rate, with just a small conversion fee to pay.

There’s also 0.5% cashback paid on all eligible spending.

Once you have a Wise Business account, you can order unlimited expense cards for just a one-off fee of £3 a card. You can add employees to your account, with controlled access - and you get full control over spending their limits.

What’s more, it’s easy to integrate Wise with your accounting tools, and your accountant can view team spending for smarter collaboration.

Get started with Wise Business 🚀

FAQs - Capital on Tap Business Credit Card Review (UK 2025)

How much can I borrow with the Capital on Tap Business Credit Card?

The credit limit for the Capital on Tap Business Credit Card can go up to £250,000. This amount depends on your business's financial health and credit history. The limit is set after a detailed review of your business's finances and credit background.

Can I get extra cards for my employees?

Yes, Capital on Tap provides unlimited free employee cards. This helps business owners manage employee expenses without extra fees, making it simpler to track and control spending.

Can I use the Capital on Tap Business Credit Card overseas?

Yes, you can use the Capital on Tap Business Credit Card internationally without any extra foreign transaction fees. But you will be charged according to the Visa and Mastercard exchange rate, which have a mark-up on top of the mid-market exchange rate.

Sources used in this article:

1. Capital on Tap secures £750m in funding facilities to boost UK and US SME lending
2. Capital on Tap Business Credit Cards Pro
3. Frequently asked questions
4. Capital On Tap: Business Credit Card

Sources last checked on 03/06/2025