The business credit card that's more rewarding

Yes, your business credit card will often come with some form of protection to help you recover any losses from fraud, stolen, or misuse.

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, discounts, and expense tracking.

You need to have a business to be able to qualify for a business credit card. Some providers will accept sole traders though.

A personal guarantee is a legally binding agreement  by a business owner (eg. director or shareholder) to repay the debt if the business cannot. Most providers require a personal guarantee as business credit cards are unsecured, meaning no collateral is required.

Yes, most business credit cards, including Capital on Tap, require a personal guarantee.

Yes, you can use your Capital on Tap business credit card almost anywhere  with no foreign transaction fees or added charges above the base exchange rate.

Many providers allow you to take our extra cards for your employees. Capital on Tap allows you to create an unlimited number of employee cards to your account and set individual spending limits on each card from the “Cards” page on your portal.

Yes, you can control employee spending with Capital on Tap business credit cards by setting limits per billing period or per transaction.

Yes, using a business credit card responsibly can help build credit for your business.

Yes, you must have a business bank account to apply for the Capital on Tap Business Credit Card.

The process of applying for a business credit card will be different for every provider, but you can typically apply online, by phone, or visiting a branch in person. Make sure to check the eligibility requirements before applying to see if you’re likely to be accepted. 

You’ll need to gather a few bits of personal and business information for the application. This could include: 

• Your legal business name, address and phone number 
• Type of business 
• Monthly turnover

If you’re applying for the 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.

It could take anywhere from a few days to a couple of weeks for the card to arrive in the post. 

If you’ve been accepted for a Capital on Tap Business Credit Card, you can get instant access to funds with virtual cards. Your physical card will arrive in the post two days later.

Preloading means adding your own money to your Capital on Tap card, just like topping up a prepaid account. When you spend, we’ll use your preloaded funds first — and then your credit limit if needed.You’ll still earn rewards on every purchase. You get 1% cashback on preloaded spend — or 1.25% if you're a Pro customer. 

That means if you preload £1,000 and spend it, you could earn up to £12.50 in cashback. It’s a simple way to boost your spending power, earn more rewards, and stay in control of your cash flow.

Learn more about it on our blog. To get started click here.

Yes, we check both personal (soft check) and business credit when reviewing applications. Soft checks have no credit score impact. Business checks are visible to other lenders. 

Business credit cards do not usually report to your personal credit report. However, many business credit cards require a personal guarantee, meaning you are ultimately personally responsible for the debt. Because of this, if you defaulted, it could affect your personal credit score.

It depends on the issuer, but the best business credit cards typically require a personal credit score of 700+. 

A poor business credit score may still qualify for a business credit card with a personal guarantee if you have good personal credit.

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. Pay off your balance in full on a weekly or monthly basis to avoid high interest charges and improve your business credit score.

The Capital on Tap Business Credit Card annual rates are as low as 14.40% (variable). Your final offered rates will be determined by looking at a number of factors, including your personal and business credit history, as well as the Bank of England base rate.

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.

The biggest difference is with who is liable: with business credit cards, it’s the business owner who’s liable, but on corporate cards, it’s the company that’s responsible. 

With the Capital on Tap Business Credit Card, you’re able to access the perks of small business credit cards while also being able to issue company cards to your employees.

Your business credit card funds your business whereas your personal credit card funds everything else. Learn more about the different advantages and disadvantages of personal and business credit cards on our blog.

Alternatives include business charge cards, bank accounts, and term loans/lines of credit.