Capital on Tap

Running a business is hard, let’s make it easier.

‘Capital on Tap’ with a single goal: to make the lives of small business owners easier.

So, if you’re looking for a better way to run or grow your business – whether you’re an electrician wanting to buy supplies for your next job, or a consulting company wanting to consolidate your teams spend – join the 200,000 businesses across the UK and the US who use Capital on Tap today.

How Capital on Tap can help you as an SME

At the start of Q2 2022, Capital on Tap has funded over £3.5 billion to small businesses in the UK and continues to grow its market share and reputation. They currently offer some extremely competitive business credit cards. The credit cards are aimed towards small and medium-sized businesses, with a quick application process.

The business credit card is purpose-built for small business owners, making it easy to access working capital, issue cards to other directors and employees, integrate with their accounting software, and earn them best-in-class rewards. Simply put, it makes running a business easier.

What are the benefits of choosing Capital on Tap for an SME?

Capital on Tap pride themselves on being transparent with an upfront ETA of its application process (with most applicants receiving a lending decision in 2 minutes), visible cashback or Avios rewards and promise of no ATM, FX or hidden fees from them when spending on the card.

What rates and credit limit could I be offered?

Capital on Tap cards have a representative APR of 29.9% and ‘claiming rates’ could be as low as 9.9%. Do bear this in mind as you go through the application process and look out for what you’ll actually be offered. Making an application won’t impact your credit score, and if approved, you could be offered a credit limit up to £250,000.

Then, there’s the unlimited free company cards, with the ability to control and limit each one – this is a really useful addition and something many other providers charge for.

Capital on Tap can be considered a fiercely competitive funding and payment solution for your business.

Reasons to apply now

Types offered:

A free business credit card and a business rewards credit card for £99 per year.

Best suited to:

Small/medium LTDs and LLPs.

Features of both cards:

Credit facility of up to £250,000.
Rates as low as 9.9%.
Up to 56 days interest free on card purchases.
No foreign exchange or UK ATM charges.
Friendly customer services team and 24/7 support.
Integrates with accounting tools.
Quick and easy to complete online application form that does not impact your credit score (most applicants receive a decision in seconds).
Flexibility to spend on your card or transfer funds straight to your business bank account.
4.6 star rating on Trustpilot.

Specific to the Business Rewards Credit Card:

Eligibility

Frequently Asked Questions

Learn more about Capital On Tap.

Am I eligible for a Capital on Tap card?

You are eligible for a Capital on Tap Business Credit Card if:

You are an active director of the company or majority shareholder of 25%+ ownership. If neither of these titles matches your role within the company we will unfortunately not be able to accept your application
You and your business are based in the UK
Your business has a turnover of at least £24,000 per annum
You have no unsatisfied CCJs against you or your business in the last 12 months
If you answered yes to all the above, click here to complete an application.

Are there any ATM restrictions?

The daily withdrawal limit is 2 transactions, with a maximum cumulative value of £400.

Are there any merchant categories where I can't use my card?

We do have some restricted merchant categories that we cannot authorise due to the nature of funding that we provide (for businesses).

We currently don’t support spending at a small number of merchant categories in accordance with our Terms and Conditions. Examples include gambling-related activities, securities brokerage services, fines, wire-transfers and purchasing foreign currency. Thank you for your understanding.

Can I have multiple cards on my account, how does that work?

You can have an unlimited number of employee cards on your account and can set individual spending limits on each card, from the Cards page on your portal.

How do you collect repayments?

We collect payments via direct debit each month. Make sure you have your direct debit set up on your account, and we'll take care of the rest!

How fast do I need to repay?

There are three repayment types:

Full balance
Minimum
Fixed Amount

As long as you are paying at least the minimum amount each billing period, you do not need to make an early repayment.

You can repay via debit card at any time via your online portal. Simply login and head over to the 'Repayments' page.

How much does it cost to borrow?

Your funding costs depend on your interest rate and how long you want to borrow the funds for. Rates can range from 0.79% to 4.99% per month. We continually aim to review our accounts to see if we can provide you with a better interest rate or a higher credit limit. We will drop you an email if we have been able to do this!

How quickly can I access funds?

Once we've completed the set up of your account, you can activate your card via the Portal and start spending straight away. Or if you prefer, you can draw funds directly into your nominated business bank account!

What accounting platforms does Capital on Tap support?

We are proud to integrate with Xero, Freshbooks, FreeAgent, Quickbooks*, *KashFlow, and *Sage. You’ll be able to export your Capital on Tap transaction data, and connect with your chosen platform.

Can’t see your favourite accounting platform on our list? Reach out to our team on 020 8962 7401 as we’re always looking to improve our product!

*Only compatible with exporting data.

What are my repayment options?

You have three repayment options which you can update each month to suit your preferences. You can select a Monthly Minimum, Fixed Amount, or Full Balance repayment option. The exact amount will vary month on month depending on your outstanding balance. In the event that your balance is less than the minimum monthly amount, your full outstanding balance will be taken. You can also repay at any time by making a debit card payment on the Repayments page of your account.

What happens if I miss a payment?

You should only borrow money that you feel you can comfortably repay. We don't like charging late fees and recommend you contact us on 020 8962 7401 if you think you might not be able to make a scheduled repayment. In the event we can't reach you, your account may incur additional charges for late payment as outlined in your funding agreement.

What information do I need to apply?

Our one-page application will ask for basic business and personal information. Please have your registered number to hand.

Once you’re signed up, we will review your application and check that your business complies with regulatory requirements. If all conditions are met, we will send you a Capital on Tap Business Credit Card to access your funds.

In some circumstances, we may require further information on your business such as business trading activity or the names and address of the additional business owners.

We will contact you within one business day via email if this is the case and inform you of any requirements in order to complete your application.

Will applying with Capital on Tap affect my credit rating?

No - applying with us is risk-free and the checks won't affect your credit score. We only perform a soft search on your business and personal credit files when you apply, meaning the search is only visible to you and us.

Will I be charged for exceeding my approved credit limit?

There is no fee for exceeding your approval amount, however, you will no longer have available funds to spend once you have exceeded your limit. In order to increase your available funds again, please make a debit card repayment to reduce your outstanding balance back below your limit. Alternatively, you can wait for your next monthly payment to be taken by direct debit.

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