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Business credit cards
Gain financial flexibility and supercharge your small business with the Capital on Tap Business Credit Card. Unlock accessible capital, higher credit limits, and rewards tailored to you.
- 1% cashback on all card spend
- No annual, FX, or ATM fees
- Free company cards with spend controls
Apply now
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Practical credit limits up to £250,000
Rates as low as 15.5% APR (variable)
Auto-sync with accounting software
Upgrade for Avios points
Earn rewards on all business credit card spend
Come for the rewards, stay for the all-in-one spend solution. Change your plan at any time.
Free Rewards
Earn 1% cashback on card spending like bills, operating costs, and general expenses.
No annual fee
Apply now
- Uncapped 1% cashback on card spending
- Exclusive offers like savings at Dropbox, Slack, Superscript, and more
- Redeem points against your balance, for cash, or for gift cards
- Top up your balance with your own funds with Preloading
- Unlimited company cards with spend controls
- Redeem points for Avios
- 10,000 bonus points when you spend £5,000 in your first 3 months
Business Rewards
All the standard rewards plus bonus points and extra redemption options like Avios.
£99 per year
Apply now
- Uncapped 1% cashback on card spending
- Exclusive offers like savings at Dropbox, Slack, Superscript, and more
- Redeem points against your balance, for cash, or for gift cards
- Top up your balance with your own funds with Preloading
- Unlimited company cards with spend controls
- Redeem points for Avios
- 10,000 bonus points when you spend £5,000 in your first 3 months
Open an account online today
- Apply and get a decision in 2 minutes
- Make purchases immediately with your virtual cards
- Your physical card will arrive in just 2 business days
- Running your business just got easier
Apply now
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What is a business credit card?
A business credit card is a financial tool for businesses. It lets you make purchases on credit, track expenses, and build a separate credit history. This helps with cash flow, separates personal and business expenses, and often gives rewards or benefits for your business.
How does a company credit card work?
A company credit card allows authorised people to buy things for the business without waiting for reimbursem*nt. Cardholders, including employees or other authorised users make purchases, but the company pays the bill. It streamlines purchasing, simplifies expense tracking, and ensures smoother cash flow for your business.
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Why should I get a business credit card?
A business credit card makes managing your business money easier. It keeps your personal and business expenses separate, helps with cash flow, and builds a good credit history for your business. It also makes it simple to track spending, manage employee expenses, and comes with special rewards and benefits.
Financial freedom
With higher credit limits, you can make larger purchases and investments, giving you the edge you need to take your business to the next level.
Visibility and control
A single, centralised account for employee purchases makes it easy to track spending and removes the need for awkward expense forms and refunds.
No-stress accounting
Separating your personal and business expenses will help you stay organised and stress-free when it’s time to tackle bookkeeping and taxes.
Smoother operations
A business credit card helps bridge cash flow gaps until payments come in. Plus, repay your balance in full each month, and there’s no interest to pay.
Make spending rewarding
Enjoy a wide range of exclusive perks, fromcashback rewardsand travel benefits, toexpense management tools and fraud protection.
Boost credit score
A business credit card can establish and improve your score, paving the way for easier financing and greater opportunities for business growth.
Capital on Tap reviews
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Who can apply for a business credit card with us?
Make sure you've got all your personal and business info on hand when you apply.
We are a match if:
- Your business turnover is at least £2,000 per month
- There are no unsatisfied CCJs against you or your business in the last 12 months
- Your business is active on Companies House
- Your business is registered as a private limited company (Ltd) or limited liability partnership (LLP)
Not right now...
- Charities, trusts, funds or Royal Charters
- Public limited companies (PLC)
- Dormant, dissolved or inactive companies
- Sole traders
What do you need to apply for a business credit card?
To complete your application, please have these items ready:
- Your full name, home address, date of birth, and contact info
- Your business's legal name, registered address, company registration number
- Your average monthly business turnover amount
- Bank account details for settling monthly card payments
Why choose Capital on Tap?
Over 200,000 small business customers have spent more than £10 billion on their Capital on Tap Business Credit Cards.
Our customer stories prove why we are the best choice for your business credit card needs.
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Trusted by over 200,000 businesses
What can I use my business credit card for?
Business credit cards should only be used to pay for business expenses. This includes things like travel costs, office supplies or paying invoices. By using a business credit card for these everyday expenses, you're not only simplifying your bookkeeping but also potentially earning benefits that can further boost your business's financial health.
What rewards can I get with a business credit card?
Business credit cards offer various rewards such as cashback, travel perks, or points on purchases. These rewards can be used to offset expenses, access discounts on business travel, or even reinvest back in your business.
For example, with Capital on Tap, you earn 1 point for every £1 spent on your card. You can use these points to pay off your balance, withdraw it as cash to your business bank account, or even purchase gift cards to incentivise employees. Also, if you upgrade to Business Rewards, you can earn Avios points, opening up opportunities for savings or travel benefits.
Apply now
Business credit cards can be the catalyst for growth, providing businesses with a convenient tool to manage expenses, build credit, and access rewards that can fuel their success.
How to choose the best business credit card?
Fees and interest rates
Compare card fees and interest rates to find the most cost-effective option for your business.
Rewards programmes
Evaluate rewards programmes to maximise benefits for your business spending.
Spending limits
Consider spending limits to ensure they align with your business's purchasing needs.
Reporting features
Look for features that allow you to track expenses and manage finances effectively.
What are the costs associated with a company credit card?
A company credit card may incur costs such as monthly or annual fees, late payment fees, charges for cash withdrawals, foreign transaction fees, and interest charges on unpaid balances. These fees vary by card issuer and plan.
Capital on Tap has no annual, foreign exchange, or ATM fees.
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Can I use my personal credit card for business?
Yes, you can use your personal credit card for business expenses, but it's usually better to use a business credit card. Personal credit cards won't help your business build a good credit history, and they often have lower spending limits. Business credit cards come with special benefits and rewards for business owners. They can also offer features like connecting to accounting software, tracking employee spending, and virtual cards.
Can I take out cash using a business credit card?
Yes, you can usually withdraw cash using a business credit card. But it might cost you a bit more as there tend to be extra fees and higher interest rates for cash withdrawals compared to paying with your card.
With Capital on Tap, you can withdraw cash to your business bank account up to twice daily, with a maximum cumulative value of £400.
Go beyond your credit limit with Preloading
Tackle those big expenses with Preloading. Top up your credit limit with your own funds to enjoy unlimited spending.
Facing a £75,000 expense with only a £50,000 limit? Top up your balance with a £25,000 payment to bridge the difference. Finalise your purchase and earn a 1% cashback on the entire transaction.
Apply now
Not only has my Capital on Tap Business Credit Card given me more time, but I’ve been able to give my staff more autonomy and authority while keeping an eye on our spending - plus all of the card benefits are a great bonus!
Read our customer stories
Let the Capital on Tap Business Credit Card make running your business easier
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Frequently asked questions
Everything you need to know about business credit cards
How do I apply for a business credit card?
Whilst the application process for a business credit card differs by provider, you can typically apply online, by phone, or by visiting a branch. You'll need to provide personal and business details such as your business's legal name, monthly turnover, and address. With Capital on Tap Business Credit Card, you can apply online in just 2 minutes, and most applicants receive an instant credit decision and virtual card access.
What is a personal guarantee?
A personal guarantee is a legally binding agreement that holds you personally responsible for paying off your credit card debt - even on your business account. Most providers require a personal guarantee as business credit cards are unsecured.
How long does it take to get a business credit card?
The Capital on Tap Business Credit Card provides instant access to funds for approved applicants with virtual cards. The physical card arrives in the post two days later.
Do I need a personal guarantee to apply for a business credit card?
Yes, most business credit cards, including Capital on Tap, require a personal guarantee.
What is the difference between small business credit cards and corporate cards?
Small business credit cards have lower interest rates, higher credit limits, and more flexible terms than corporate cards. Small business credit cardholders earn rewards while corporate card rewards are earned by the business. The primary cardholder is liable for debt and fees on a business credit card, while the company is liable for corporate card expenses. Corporate cards require the balance to be paid in full each month, while business credit cards allow carrying a balance.
Can a small business have a credit card?
Yes, any size business can have a business credit card to make purchases, manage expenses, and pay bills. Small business owners can apply for a business credit card and enjoy benefits such as cashback rewards, exclusive discounts, and expense tracking features.
Do I have to own a business to get a business credit card?
You must either own a business or work for a business that authorises you as a cardholder to qualify for a business credit card.
Does a business credit card affect my personal credit score?
A personal guarantee is required for most business credit cards, so defaulting on a business credit card will make you personally liable for the debt and negatively impact your personal credit score.
What credit score do I need to get a business credit card?
Business credit scores range from 0 to 100, while personal credit scores range from 300 to 850. Lenders use various criteria to determine a good credit risk. A poor business credit score may still qualify for a business credit card with a personal guarantee if you have good personal credit.
Can you build credit with a business card?
Yes, business credit cards are an effective way to build credit for your business. These cards report activity to business credit reference agencies, helping establish a positive credit history and indicating the business is a good credit risk. Responsibly using the business credit card can also help improve the company's overall credit score. Finally, paying off the balance in full each month showcases financial responsibility and can boost the business's credit rating.
What will the APR be on a business credit card?
The APR (annual percentage rate) on a business credit card can vary depending on the card issuer and your creditworthiness. Generally, business credit cards tend to have higher APRs than personal credit cards. It's important to read the terms and conditions carefully before applying for a business credit card, and to pay off your balance in full each month to avoid high interest charges.
Can several employees have their own card?
Yes. Add unlimited employee cards to your account and set individual spending limits on each card from the Cards page on your portal.
Are my purchases protected on a business credit card?
Business credit cards often come with some form of protection to help you if your purchase is faulty, broken, or never arrives. Your business credit card also protects you against any losses due to fraud, stolen or misuse of credit cards.
Can I use my business credit card abroad?
Use your Capital on Tap business credit card almost anywhere in the world without incurring foreign fees.
We don’t apply any charges or commission on transactions above the base exchange rate.
Can I set spending limits or restrict employee card usage with a business credit card?
Yes, with your Capital on Tap employee credit cards, you maintain full visibility and spending control. You control how much each employee spends per billing period, or per single transaction.
Do I need a business current account to apply?
Yes, you must have a business bank account to apply for the Capital on Tap credit card.
Is a credit record checked for a business credit card?
We verify both personal and business credit when reviewing applications. Personal checks are soft with no credit score impact. Business checks are visible to other lenders. We run credit checks to determine eligibility and set credit limits.
What other types of business credit cards are there?
Other options include balance transfer cards, purchase cards for expenses, and fuel cards for business driving needs. Each has unique features, rewards, and approval criteria.
What are alternatives to business credit cards?
Alternatives include business charge cards requiring full repayment, bank accounts providing financial tools, and term loans/lines of credit offering fixed repayment financing. Assess your funding needs and capabilities to determine if a charge card, dedicated account, or loan suits your business better than a credit card.
What's the difference between a business credit card and a normal credit card?
A business credit card is designed specifically for business owners and their employees. Unlike normal credit cards meant for personal use, business credit cards offer features tailored to managing business expenses. Some key differences include:
- Higher credit limits: Business cards often have higher limits for bigger expenses.
- Employee cards: Business owners can give cards to employees for easier expense tracking.
- Expense tracking: Business cards help categorise expenses and make accounting simpler.
- Tax deductions: Business card expenses might be tax-deductible, unlike personal card expenses.
Can you withdraw cash from a business credit card?
Yes, you can get cash from a business credit card like a normal card. But cash advances have higher interest rates and fees than purchases. Interest starts right away with no grace period. With the Capital on Tap Business Credit Card, you can withdraw up to £400 of cash to your business bank account daily.
How does Preloading work?
Preloading allows you to top up your credit card balance with your own funds, and then use those preloaded funds together with your credit limit. This gives you greater flexibility in managing cash flow, taking advantage of 1% uncapped cashback, and more. Learn more about it at our blog. To get started click here.
Page last reviewed on 11 March 2024
by Holly Woodward
