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, theft, or misuse.

However, card protection is only one part of the defence. To truly safeguard your business, you must be proactive. Learn the essential steps for staying vigilant and preventing fraud before it happens in our comprehensive guide, from card storage and monitoring transactions, to the steps to take if you suspect misuse.

Yes, businesses of any size can apply for 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.

Capital on Tap accepts businesses that are active on Companies House, no unsatisfied CCJs in the last 12 months, and not a high-risk industry. There is no minimum trading period required.

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

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.

Yes, using a business credit card responsibly can help build a credit history for your business. This can make it easier to access financing in the future.

Many business credit card providers offer additional cards for employees. Capital on Tap lets you issue an unlimited number of employee cards and set individual spending limits on each card from the Cards page in your portal.

You need a registered business to qualify for a business credit card. Capital on Tap is not available to sole traders, but some other providers do accept them.

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

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

Business credit cards do not usually appear on 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. For a complete breakdown of how business credit cards impact both your personal and company credit, read our detailed guide: Do Business Credit Cards Affect Personal Credit Scores?.

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 some personal and business information for the application:

• 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.

Capital on Tap offers 1% cashback on all spending, no annual fee, free employee cards, and credit limits up to £250,000. See how we compare: Capital on Tap vs Barclays Select Cashback, Capital on Tap vs American Express Business Gold, Capital on Tap vs Revolut Business, Capital on Tap vs Monzo Business.

Preloading means adding your own money to your Capital on Tap card, just like topping up a prepaid account. WWhen you spend, we use your preloaded funds first, 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, set up Preloading in your portal.

The time varies by provider. Some cards take a few days; others up to two weeks. The Capital on Tap Business Credit Card arrives in 2-5 business days.

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. 

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

The Capital on Tap Business Credit Card annual rates are as low as 13.86% (variable). Your final rate depends on your personal and business credit history and the Bank of England base rate.

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

If your business credit score is lower, you may still qualify with a personal guarantee, provided your personal credit is in good shape.

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.

We want to ensure our card is the right financial tool for your business. You should reconsider applying if any of the following scenarios apply, as an alternative product may suit your needs better:

• You have highly erratic cash flow: While business credit can help bridge gaps, if your income is unpredictable, relying on credit may lead to missed payments, high fees, and damage to your credit profile. Responsible usage requires reliable repayment.

• Your priority is short-term financing: If your immediate need is to finance a large, one-off purchase without incurring interest for a period, a business card offering a 0% introductory APR would generally be a more cost-effective choice than a rewards-focused card.

A business credit card is for work expenses; a personal credit card covers personal spending. Keeping them separate makes bookkeeping easier and helps build a business credit history. Learn more about the different advantages and disadvantages of personal and business credit cards on our blog.

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 Capital on Tap, you get the benefits of a small business credit card and can also issue company cards to your employees.

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 first step is always to contact your lender immediately. If you are a Capital on Tap cardholder, please call us on 020 8962 7401. We advise reviewing your budget and exploring repayment methods to tackle high-interest balances. For detailed steps on negotiating with creditors and debt settlement, review our guide on how to recover from business credit card debt.

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.