Will applying affect my credit file?

The initial eligibility check is typically a soft search with no impact, but a full application creates a footprint. Check the current process on Capital on Tap's site before applying.

Can a sole trader apply?

Capital on Tap's primary target is limited companies and LLPs; sole trader eligibility varies — check the current criteria.

Cashback if you want a direct cost reduction. Avios if you already redeem against BA / Iberia flights — value the points by the cash cost of the flights you'd actually book, not the rack rate.

Is this a charge card or a credit card?

It's a credit card — meaning a balance can be carried, and interest applies if it is. Treat it as a charge card if you don't want interest to be a factor.

Capital on Tap Review & Promo Code (SETTINGUP)

Item: Capital on Tap Business Credit Card
Author: Business Finance Toolkit

What the Capital on Tap card offers UK SMEs, how the fees and rewards work, who it tends to suit, and how to get 7,500 bonus points with promo code SETTINGUP when you meet the current terms. Credit subject to status and eligibility.

Written and reviewed by the Editorial team

Business Finance Toolkit · Independent guidance for UK small businesses

Last updated: 21 May 2026

Short answer

Capital on Tap offers a UK business credit card aimed at established small businesses, with a fast online application, cashback or Avios on spend (depending on plan), and the option to settle the balance monthly to avoid interest. Apply via our Capital on Tap promo link with code SETTINGUP to be eligible for the current new-customer offer: 7,500 bonus points when the promo code is used and the qualifying terms are met. Credit subject to status and eligibility.

We're a Capital on Tap partner, so readers can apply through our promo link and code. The promoted offer is 7,500 bonus points when you use promo codeSETTINGUP and meet the current qualifying terms. Promo rewards and conditions are set by Capital on Tap — always check the live offer page before applying.

Promo code: SETTINGUP
Who's eligible: new Capital on Tap customers — typically UK limited companies and LLPs with a trading history; directors must pass standard credit checks. Subject to status.
What you get: 7,500 bonus points after approval and meeting Capital on Tap's qualifying spend, timing and eligibility rules within the promo window. Exact terms are set by Capital on Tap — confirm them on the offer page before applying.
How to claim: use our tracked promo link below and make sure promo codeSETTINGUP is applied. You do not need to enter it manually if you use the link and it is passed through automatically.
Cost to you: none for the standard plan (typically £0 annual fee). The rewards-upgraded plan carries an annual fee — only worth it if your spend earns back more than the fee.
Eligibility check: Capital on Tap normally runs a soft search before a full application, so you can gauge eligibility without an immediate hard footprint on your personal credit file.

Business credit card

Capital on Tap card

Verdict in one paragraph

For an established UK limited company with predictable card spend on travel, subscriptions or supplies — and the discipline to clear the balance each month — Capital on Tap is a credible option. The application is quick, decision feedback is fast, and the rewards (cashback on the standard tier, Avios on the upgraded tier) are useful for businesses that already spend in those channels. It is less likely to suit very new businesses without a trading history, or any business that would carry a balance long-term, because the APR makes interest costs add up quickly.

Who it may suit

Established UK limited companies with consistent monthly card spend.
Directors who already book travel, subscriptions or marketing on cards and would benefit from Avios or cashback.
Businesses that want a clean separation between operational spend and the day-to-day current account.

Features in practice

Quick online application with a soft search to indicate eligibility before a full application.
Visa business credit card usable wherever Visa is accepted, including online and abroad.
Cards for additional cardholders within the business.
Online portal and integrations with major accounting software for easier reconciliation.

Rewards and Avios

Capital on Tap typically offers an uncapped cashback rate on the standard plan and the option of an upgraded plan that earns Avios points per pound of spend. Avios suit businesses that already use British Airways / Iberia and can put the points to use; cashback suits businesses that prefer a direct cost reduction. The right answer depends on whether you would otherwise pay cash for the kinds of flights and hotels Avios redeem against.

Fees, APR and limits

Area	What to check
Annual / subscription fee	Standard plan is typically £0; the rewards-upgraded plan carries an annual fee
APR	Variable representative APR — significant if a balance is carried
Foreign transaction fees	Often £0 / low — confirm current terms
Credit limit	Decided on application, based on trading history and affordability
Late or missed payments	Fees and credit-file consequences apply

Always model the worst month

Sense-check the card on the assumption you can't clear it in a given month. Multiply the balance by the APR / 12 to see the interest cost. If the answer would hurt, treat the card as a charge card to be cleared every month, not a financing tool.

Eligibility

Typically aimed at limited companies and LLPs with a trading history.
Directors usually need to be UK residents and meet personal credit checks.
A soft search before full application means you can check likely eligibility without an immediate hard footprint, but always re-read the current terms.

How it compares

	Capital on Tap	Bank-issued business credit card	Charge card
Setup speed	Fast online	Slower, often paper-based	Fast online
Rewards	Cashback or Avios	Varies — sometimes none	Often points/cashback
APR carried	Variable — check terms	Variable — check terms	Not applicable (paid in full)
Suits	Established SMEs with regular spend	Businesses wanting a primary banking relationship	Businesses that always clear monthly

Where it falls short

New businesses without trading history may not be eligible.
Standard APR is meaningful — not suitable for long-term financing.
Avios upgrade only makes sense if you'd genuinely use the points.
Customer service expectations should reflect a fintech, not a high-street bank.

Business credit card

Capital on Tap card

Frequently asked questions

Related guides

Cashback vs points business cards

Business credit card rates, fees & APR

About our Capital on Tap offer

Risk warning

Business credit cards are borrowing. Interest, fees and APR can be high if balances are carried month to month. Only borrow what you can afford to repay, and always check current fees, APR and terms with the provider before applying. Credit subject to status and eligibility. This review is general information, not financial advice.

Affiliate disclosure

Some links on this page are affiliate or referral links. If you apply through them we may receive a commission, at no extra cost to you. This does not influence our editorial recommendations — see our editorial policy and affiliate disclosure.

Not financial advice

Information on this page is general guidance for UK small businesses and is not financial, tax or legal advice. Tax rules, allowances and product terms change. Always check current information with HMRC, Companies House or a qualified professional before making decisions.

Capital on Tap promo — code SETTINGUP