Why choose Capital on Tap?
Our customer stories prove why Capital on Tap is the perfect choice for your business credit card needs.
1.5% cashback on every purchase
No annual or account maintenance fee
Credit limits up to $50,000
(Based on creditworthiness of applicant)
Low variable APRs (18.49% - 35.99% variable)
(For new applicants only, based on creditworthiness)
Free employee cards for all your staff
Virtual cards available minutes after approval
Who can apply for a business credit card with us?
We are a match if you:
- Your business revenue is at least $2,500 per month
- Your business is active and has been running for more than 6 months
- Your business makes money mostly from goods or services
Not right now...
- Sole proprietorships
- Charities or non-profits organizations
- Trusts or funds
- Clubs or other non-registered organizations
Why should I get a business credit card?
A business credit card offers major advantages exclusively to business owners:
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.
Make spending rewarding
Enjoy a wide range of exclusive perks, from cashback and gift card rewards to expense management tools and fraud protection.
Separating your personal and business expenses will help you stay organized and stress-free when it’s time to tackle bookkeeping and taxes.
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.
Visibility and control
A single, centralized account for employee purchases makes it easy to track spending and cuts out awkward expense forms and refunds.
Boost credit score
A business credit card can establish and improve your score, paving the way for easier financing and greater opportunities for growth.
“Our goal at Capital on Tap is to empower small business owners by making it easier for them to run their business. A credit card can do just that by helping them optimize their cash flow, simplify their purchasing process, and give them more control over their business payments.”
Tap into our small business expertise
Discover how we can make running your business easier:
Accounting software integrations
Auto-sync transactions to your accounting software to save time and stay organised with our integrated accounting solutions.
24/7 customers service
Running a business isn’t a 9-5. Work on your terms with our 24/7 customer support. Call, online chat, or email us to talk to a human in 10 seconds.
Unlimited cards + spend limits
No need for expense receipts and reimbursements. Set personalized payment limits to manage employee spending in real time.
Let the Capital on Tap Business Credit Card make running your business easier
Credit limits are determined by the credit quality of the applicant. The highest quality applicants will receive the highest credit limits.
Frequently asked questions
Everything you need to know about business credit cards
What is a business credit card?
A business credit card is a card used solely for business expenses. It is a revolving line of credit with a specified credit limit used to pay your company-related expenditures. Like a personal credit card, businesses spend on their cards throughout the month and receive a statement with the total balance owed and the minimum payment due after the specified billing cycle.
If the balance is paid in full, there is no interest charged for that period. Business credit cards often come with extra benefits for you and your company, including cashback, employee cards, and technology benefits such as accounting integrations and spending controls.
How do I apply for a business credit card?
The application process for a business credit card differs by provider. You'll need to provide personal and business details such as your business's legal name, monthly turnover, and address.
How does a business credit card work?
A business credit card works the same way as your personal credit card but instead of being issued to you for your everyday household needs, it is issued to your company for business related expenditures only. A business credit card helps finance short-term needs, boosting your company’s purchasing power. Business credit cards can also be issued to your staff in charge of business expenses, with spending restrictions and thorough transaction histories.
How long does it take to get a business credit card?
It can take anywhere from a few minutes to a few weeks to get a business credit card.
The Capital on Tap Business Credit Card provides instant access to funds for approved applicants with virtual cards. Your physical card will then arrive in the mail within 4 business days.
Can a business credit card be used for a personal use?
No, you cannot use a business credit card for personal expenses. Business credit cards are solely used for legitimate business purposes. Most business credit card issuers strictly prohibit using your business credit card for personal use. Violating these terms can lead to the closure of your business credit card account, lowering your personal and business credit scores, tax penalties including fees, or even prosecution. Learn the differences between personal and business credit cards.
What is a personal guarantee?
A personal guarantee is a legally enforceable agreement that holds you personally accountable for paying off your business credit card debt. By giving a personal guarantee, you agree to take on personal liability for the debt if the company is unable to make payments. As business credit cards are a type of unsecured finance, most providers will require this type of agreement.
Do I need a personal guarantee to apply for a business credit card?
Yes, many 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 typically offer lower interest rates, higher credit limits, and more flexible terms compared to corporate cards. When it comes to rewards, small business credit card holders earn them personally, while corporate card rewards are earned by the business. With a small business credit card, the primary cardholder is responsible for any debt and fees incurred, while with a corporate card, the company is responsible for all expenses. Additionally, corporate cards require the balance to be paid in full each month, while small business credit cards allow carrying a balance.
Do I have to own a business to get a business credit card?
In most cases to qualify for a business credit card, you must own a business. To apply for a Capital on Tap Business Credit Card, you will need to provide your Tax Identification Number (also known as your Employee Identification Number, or EIN), as well as some personal and business details including your business's legal name, your monthly revenue, and your business address.
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 could make you personally liable for the debt and could negatively impact your personal credit score.
Do I need an Employer Identification Number to get a small business credit card?
In most cases, yes, you need an Employer Identification Number, also known as a Tax ID Number, to qualify for a small business credit card.
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. Most business lenders consider a business credit score at or above 75 as “good”.
A poor business credit score may still qualify for a business credit card with a personal guarantee, if you have good personal credit.
How much does it cost to have a business credit card?
The cost of a business credit card can vary greatly, ranging from zero to several hundred dollars. While annual fees are one aspect to consider, there are other potential costs to keep in mind, such as foreign exchange fees, ATM fees, and interest rates.
The Capital on Tap Business Credit Card offers attractive benefits with no annual fees, foreign exchange fees, or US ATM fees, and low variable APRs (APRs range 18.49% to 35.99%) make it an affordable option for businesses.
Do business credit cards offer rewards?
Yes, business credit cards often offer superior benefits and rewards compared to personal credit cards. However, different cards offer different types of rewards, and some come with a high price tag. It is important to do thorough research to find the right card for your business.
The Capital on Tap Business Credit Card has no annual fees, US ATM, or foreign exchange fees and offers unlimited free 1.5% cashback, $200 back if you spend $15,000 in your first 3 months, credit limits up to $50,000, and travel and gift card rewards.
Can you build credit with a business card?
Yes, business credit cards are a great way to build credit, and there are a few key ways that they do this. One is by reporting the card activity to business credit bureaus. This helps build a credit history and establishes the business’ credit risk. Additionally, using the business credit card responsibly can help improve the company's overall credit score. Finally, paying off the balance in full each month demonstrates financial responsibility and can help boost the business's creditworthiness.
What can I use my business credit card for?
You can use your business credit card for a wide range of business expenses, including office supplies, travel expenses, and equipment purchases. It's important to note that you should only use your business credit card for legitimate business expenses and not personal purchases.
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.
Can several employees have their own card?
Yes. Add unlimited employee cards to your Capital on Tap Business Credit Card 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 typically provide some level of protection for purchases that are faulty, broken, or not received.
However, it's important to note that not all business cards offer such protections since they are not personal credit cards. While some business credit cards may provide safeguards against fraud, unauthorized use, and other potential issues, the availability of these protections ultimately is at the discretion of the credit card issuer and can vary considerably.
Before taking out a business credit card, you should read through the card agreement and any other legal documents provided. This will help you understand the level of protection provided by the card and any potential liability you may have in case you experience issues with your purchases.
Many business credit cards protect you against any losses due to fraud, stolen or misuse of credit cards.
Can I use my business credit card abroad?
Yes, the majority of business credit cards can be used abroad.
Use your Capital on Tap Business Credit Card almost anywhere in the world. We don’t charge foreign exchange fees on any purchases made outside the US.
Can I set spending limits or restrict employee card usage with a business credit card?
Yes, with your Capital on Tap Business Credit Cards for employees, you maintain full visibility and spending control. You control how much each employee spends per billing period, or per single transaction.
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.
Sole proprietors do not qualify for a Capital on Tap Business Credit Card