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Capital on Tap review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

Capital on Tap is a business credit card with no annual fee, aimed at UK companies and sole traders who want cash back on every purchase. Its APR of 13.86% sits below the 16% median for credit cards, and support runs day and night.

Key facts

Best for
UK businesses wanting a fee-free credit card with cash back on every purchase.
Annual fee
£0↗
APR
13.86%↗
Currency conversion fee
0%↗
Rewards type
Cashback↗
Rewards rate
1% cashback on all card spend (1 point per GBP 1 spent)↗
Perks
Unlimited free employee cards, No foreign exchange or ATM fees, 24/7 customer support, Convert points to Avios, Virgin Points, Go Coins and Radisson Rewards, Preloading with own funds, Easy-access Instant Savings account, Accounting integrations (Xero, Sage, QuickBooks, FreeAgent), Virtual cards issued on approval, Credit limits up to GBP 250,000↗
Cashback rate
1%↗
Card kind
Credit↗
Legal entity
New Wave Capital Limited (trading as Capital on Tap)↗
Headquarters
United Kingdom↗
Founded
2012↗
Support channels
Email, Chat, Phone, Help-centre↗
Pricing model
No annual fee
Features
Rewards
Audience
Business
Official website
capitalontap.com

Facts checked September 26, 2026, 6 sources

Apps and profiles

Get the app
App Store
Elsewhere
TrustpilotLinkedInXfacebook.com

Pros and cons

Pros

  • Annual fee of £0 on the business credit card
  • Cashback of 1% on all card spend, or points convertible to Avios and other schemes
  • Credit limits up to the stated maximum, plus virtual cards issued on approval
  • Support by email, chat and phone, with round the clock customer service and accounting integrations for Xero, Sage, QuickBooks and FreeAgent

Cons

  • APR of 13.86% is above the 14.45% median for cards in the ranking
  • Foreign exchange fee of 0% suits business travel but leaves the ranking's top spot on 1 of 186 brands, tied at the top
  • The card is aimed at business customers, so personal spending is not the target audience
Capital on Tap

Ready to try Capital on Tap?

Scored 9.1 / 10 by SumCue.

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Who it suits

  • UK limited companies and sole traders paying business costs by card
  • Teams that need free employee cards on the same account
  • Businesses that buy abroad and want no foreign exchange or ATM fees

Who should look elsewhere

  • Anyone looking for a personal everyday card, where bunq is a closer fit
  • Anyone building credit history without a credit line, where Varo Believe Secured Credit Card is the alternative
  • Anyone wanting a debit card for day to day banking, where Starling Personal Account Debit Card suits the account instead of the loan

How Capital on Tap compares

Where Capital on Tap is available

Available
United Kingdom, United States
Licence in United Kingdom
Financial Conduct Authority (consumer credit activities) (625592), checked September 26, 2026
Licence in United Kingdom
Financial Conduct Authority (Electronic Money Regulations 2011, issuing of electronic money) (900922), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

Is there an annual fee on the Capital on Tap business credit card?+

The annual fee is £0, so holding the card costs nothing per year. That puts Capital on Tap at rank 1 of 312 brands on annual fee, ahead of the €8.59 upper quartile across credit cards.

What rate do I pay if I carry a balance?+

The APR is 13.86% on the revolving credit facility. That is lower than the 16% median APR across credit cards, though higher than the 9.33% lower quartile. The card runs on a revolving credit basis, not as a charge card that must be cleared each month.

Do I pay anything for spending or withdrawing money abroad?+

The foreign exchange fee is 0%, and Unlimited free employee cards, No foreign exchange or ATM fees and 24/7 customer support lists no foreign exchange or ATM fees. That makes overseas supplier payments and cash withdrawals abroad free of extra charges, which suits a business buying from abroad.

How much cash back do I earn on spending?+

Cashback runs at 1% on all card spend, the rewards rate Capital on Tap lists for the card. Points can also be converted into Avios, Virgin Points, Go Coins and Radisson Rewards, so the rewards work as cash back or as a points balance.

Who is regulated, and where?+

Capital on Tap is regulated in the United Kingdom by the Financial Conduct Authority, which licenses it for consumer credit activities and for issuing electronic money. The card is issued by New Wave Capital Limited, trading as Capital on Tap.

How much can I borrow?+

Credit limits depend on approval, and Unlimited free employee cards, No foreign exchange or ATM fees and 24/7 customer support sets out the maximum on offer, alongside virtual cards issued on approval. The account can be preloaded with your own funds, and an easy-access Instant Savings account sits alongside the card.

What support do I get?+

Support runs on email, chat and phone, covering a help centre, live chat, email and phone, and customer service is available round the clock. For a business card, phone and chat cover urgent cases while the help centre handles routine questions.

Can I add accounting software to the account?+

Capital on Tap lists accounting integrations with Xero, Sage, QuickBooks and FreeAgent, alongside an easy-access Instant Savings account for holding money on the same platform. Employee cards are free and unlimited, so extra cardholders do not raise the cost.

Sources

  • capitalontap.com checked September 26, 2026

    Backs: Headquarters, Legal entity, Licences

    “New Wave Capital Limited (trading as Capital on Tap) is a private limited company incorporated in England and Wales ... registered office at 27 Old Gloucester Street, London, England, WC1N 3AX.”

  • capitalontap.com/en/business-credit-cards checked September 26, 2026

    Backs: APR, Audience, Cashback rate, Features, Currency conversion fee, Pricing model, Perks, Rewards rate, Rewards type

    “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.”

  • capitalontap.com/en/company/about checked September 26, 2026

    Backs: Founded

    “We began as a small startup in London in 2012 with a vision of revolutionising the way entrepreneurs access finance.”

  • capitalontap.com/en/company/contact-us checked September 26, 2026

    Backs: Support channels

    “020 8962 7401 (24 hours a day, 7 days a week); contact@capitalontap.com; Live chat support 24 hours a day 7 days a week; Check out our FAQ for quick answers”

  • capitalontap.com/en/faq checked September 26, 2026

    Backs: Annual fee

    “Free card: Our free Capital on Tap Business Credit Card has no joining, annual, or monthly fees.”

  • capitalontap.com/en/legal/revolving-credit-facility-agree... checked September 26, 2026

    Backs: Card kind

    “Revolving Credit Facility Agreement: Your credit limit is set out in your Online Portal. The credit limit is the most you are allowed to borrow on your credit account with us.”

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Capital on Tap

Capital on Tap

UK businesses wanting a fee-free credit card with cash back on every purchase.

9.1/10See alternatives