Your feedback is essential to help us improve - click here to take our 3 minute survey.

Capital On Tap Business Credit Card *

By:  Kate Anderson | Updated: 24th November 2021.

The Capital On Tap business credit card is designed to help small businesses access funding. With no sign-up or annual fees, no charges for non-sterling transactions or ATM withdrawals, and the opportunity to improve the card's APR, the whole package makes borrowing that bit more accessible.

Great for: No-hassle business card
4.5 stars question mark

Capital On Tap Business Credit Card *

Apply Now!

On Capital On Tap's Secure Website

* Affiliate partner

The Capital On Tap Business Credit Card comes with a key advantage that you’ll have trouble finding elsewhere: the ability to transfer cash fee free directly to your high street bank account. This could provide an easy source of short-term funds for small businesses. There’s no annual fee on the card nor are there fees on foreign transactions or foreign ATM withdrawals. Plus, you can earn yourself uncapped 1% cashback which can be redeemed against your balance or paid straight into your business bank account. 

CREDIT RATING req:

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

HIGHLIGHTS

  • Option to transfer funds fee free to your bank account
  • No annual fee
  • No non-sterling transaction fees
  • Access up to £100,000 in credit
  • 1% cashback for every £1 of card spend

REPRESENTATIVE EXAMPLE

Representative rate 29.9% APR (variable)

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

what we like

  • Option to transfer funds fee free to your bank account
  • No annual fee
  • No non-sterling transaction fees
  • 1% cashback for every £1 of card spend
  • ANNUAL FEE:

    £0
  • REPRESENTATIVE APR:

    29.9%
  • INTRO OFFER:

    N/A

KEY SCORES:

  • 4/5 Perks
  • 5/5Fees
  • 4/5APR

HIGHLIGHTS

  • Option to transfer funds fee free to your bank account
  • No annual fee
  • No non-sterling transaction fees
  • Access up to £100,000 in credit
  • 1% cashback for every £1 of card spend

REPRESENTATIVE EXAMPLE

Representative rate 29.9% APR (variable)

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

Our bottom line

The Capital On Tap Business Credit Card comes with a key advantage that you’ll have trouble finding elsewhere: the ability to transfer cash fee free directly to your high street bank account. This could provide an easy source of short-term funds for small businesses. There’s no annual fee on the card nor are there fees on foreign transactions or foreign ATM withdrawals. Plus, you can earn yourself uncapped 1% cashback which can be redeemed against your balance or paid straight into your business bank account. 

Credit Rating Requirement: Good/Excellent

What I like

The Capital On Tap business credit card has removed any barriers to entry, with no sign-up fees or annual fees. When you include the opportunity to lower your APR and no fees for overseas usage and ATM withdrawals, you are looking at a nice basic package with an extra cashback perk.

    • Access to capital – If there’s one thing that almost all businesses need, it’s capital. The typical business credit card provides access to spending power when you use the card, but the Capital On Tap card provides the option to transfer money to a high street bank account. That gives a lot of flexibility, as many small businesses can’t use a credit card for all of their expenses. But bear in mind that this is very short term funding. Though the transfer itself is fee-free, the funds are not. Which makes this a potential source of revolving credit, but not long-term funding.
    • Cashback – Cardholders can earn uncapped 1% cashback for free. You can earn 1 point for every £1 of card spend. Then redeem 1 point for 1p. Cashback can then be redeemed against your balance or as cash to your business bank account.
    • No fees – One of things that sets this card apart is its lack of fees. There are no fees for taking out the card and then if you choose the standard package, no monthly or annual fees for using the card. As an extra bonus, Capital On Tap doesn’t charge non-sterling transaction fees or fees for ATM withdrawals, meaning the cost of using this card is lower than it would otherwise be. One thing to be aware of, though, is that the interest on cash withdrawals is relatively high – so if you do need to make ATM withdrawals with the card, try not to have them sitting in your balance for a long time.
    • APR reduction – Cardholders do have the opportunity to reduce their rate if they demonstrate good borrowing behaviours. Depending on your account management, your rate could be reduced to anything from 0.79% to 2.203% per month.
    • Supplementary cards – Capital On Tap offers up to 10 free supplementary cards for employees or partners, and you can set individual spending limits for each card.

What could be improved?

While the Capital On Tap business credit card avoids fees, the flip side is that you don’t get any interest-free promotional periods.

  • Introductory periods – Other than the standard up to 56 days interest free on purchases, the card has nothing in the way of interest-free introductory periods.
  • Eligibility – The card is not available to sole traders or partnerships.

How does it stack up?

While other cards may offer more in terms of rewards and introductory periods, the Capital On Tap business card focuses on making borrowing accessible. The card’s selling points are the flexibility in how you borrow — that is paying with your card or sending funds to your bank account — and the lack of fees attached to signing up and to using the card (bar the usual late or missed payment fees). The opportunity to potentially lower your rate also makes the card stand out from other cards on the market, as well as the extra perk of earning cashback on your card spend.

Credit score

Capital On Tap requires applicants to have at least 12 months of trading history and a turnover of at least £24k per annum. Additionally, your application will not be accepted if you have had any unresolved county court judgements (CCJs) against you or your business in the past 12 months. Limited companies and limited liability partnerships are eligible to apply for the card, but they must be UK based.

How do you apply?

Applications can only be made online. The application requires you to provide information regarding your business, including — if you are a limited company — your registered number, and some personal details.

Applicants receive an instant decision and, if your application is approved, funds can be accessed immediately online and you will receive your card in four business days.

Is the Capital On Tap business credit card a good choice for you?

If you are a small business or a sole trader that is looking for a flexible source of short-term funding, then the Capital On Tap business credit card could be one to consider. The lack of certain fees — namely annual fees and foreign transaction fees — is hard to not like. All in all, with decent levels of flexible credit, the ability to reduce the APR through good account management, no overseas usage fees or ATM withdrawal fees, plus no annual fees, you are looking at a good overall basic package. What makes it step up a notch is also the ability to earn cashback on your credit card spend, lifting it above just a standard offering. However, it bears repeating that there are no 0% introductory periods here, so good credit behaviour is essential.


The Motley Fool receives compensation from some advertisers who provide products and services that may be covered by our editorial team. It’s one way we make money. But know that our editorial integrity and transparency matters most and our ratings aren’t influenced by compensation. Also, while we aim to feature some of the best products available, we do not review every product on the market. Learn more here. Any opinions or statements in this article belong to the author, and may be shared by The Motley Fool, however they were not provided or endorsed by our affiliate partners, unless expressly indicated.

The Motley Fool has recommended shares in Lloyds, Tesco and Barclays.

Great for: No-hassle business card
4.5 stars question mark

Capital On Tap Business Credit Card *

Apply Now!

On Capital On Tap's Secure Website

* Affiliate partner

The Capital On Tap Business Credit Card comes with a key advantage that you’ll have trouble finding elsewhere: the ability to transfer cash fee free directly to your high street bank account. This could provide an easy source of short-term funds for small businesses. There’s no annual fee on the card nor are there fees on foreign transactions or foreign ATM withdrawals. Plus, you can earn yourself uncapped 1% cashback which can be redeemed against your balance or paid straight into your business bank account. 

CREDIT RATING req:

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

HIGHLIGHTS

  • Option to transfer funds fee free to your bank account
  • No annual fee
  • No non-sterling transaction fees
  • Access up to £100,000 in credit
  • 1% cashback for every £1 of card spend

REPRESENTATIVE EXAMPLE

Representative rate 29.9% APR (variable)

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

what we like

  • Option to transfer funds fee free to your bank account
  • No annual fee
  • No non-sterling transaction fees
  • 1% cashback for every £1 of card spend
  • ANNUAL FEE:

    £0
  • REPRESENTATIVE APR:

    29.9%
  • INTRO OFFER:

    N/A

KEY SCORES:

  • 4/5 Perks
  • 5/5Fees
  • 4/5APR

HIGHLIGHTS

  • Option to transfer funds fee free to your bank account
  • No annual fee
  • No non-sterling transaction fees
  • Access up to £100,000 in credit
  • 1% cashback for every £1 of card spend

REPRESENTATIVE EXAMPLE

Representative rate 29.9% APR (variable)

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.