Provider profileLast checked 8 November 2026
Capital on Tap Business Credit Card
A business credit card for UK limited companies and LLPs, with 1% back on card spend as points, no annual fee on the Free plan and no FX or ATM fees. A Pro plan at £299 a year adds travel perks.
- Cheapest plan
- Free: £0 a year
- Available in
- UK
- Your money
- Credit card · no deposits held
What it is
New Wave Capital Limited (trading as Capital on Tap, company number 07959823) is authorised and regulated by the FCA for consumer credit activities (FRN 625592) and authorised by the FCA as an electronic money issuer (FRN 900922). It is not a bank.
How your money is protected
A credit card from a lender, not a bank account: you borrow from Capital on Tap and repay it, so there are no deposits for the FSCS to protect. Money you preload or overpay is held as e-money and safeguarded in a separate account, not FSCS-protected. The separate Instant Savings account is held by ClearBank, with eligible deposits FSCS-protected up to £120,000.
Our e-money vs bank account guide explains what this means if a provider fails.
Who can open one
Active UK directors or majority shareholders (25% or more) of an Ltd, LLP or PLC listed as active on Companies House, with no unsatisfied CCJs in the last 12 months and a business bank account. There's no minimum trading period. Sole traders, charities, trusts, dormant companies and high-risk industries aren't eligible. A director or major shareholder must give a personal guarantee.
Headline fees
| Fee | Detail |
|---|---|
| Annual fee | Free £0, Pro £299 (billed annually) |
| Interest | From 14.13% APR (variable), or from 1.11% a month; your rate depends on your personal and business credit history |
| Card payments in a foreign currency | No FX fee |
| ATM withdrawals | No ATM fee; up to 2 withdrawals and £400 a day |
| Transfers from the card to your bank account | No fee listed; interest is charged daily until repaid |
| Bill Pay (beta) supplier payments | 2% fee with 1% back in points, or 1% fee with no points |
| Going over your credit limit | No fee; the card is declined until you repay |
| Employee cards | Unlimited and free |
Limits worth knowing
- Credit limits go up to £250,000.
- The late payment fee is set in your credit agreement and isn't listed on the website.
- Section 75 of the Consumer Credit Act doesn't apply to these cards; Visa chargeback rules may.
- The card can't be used for gambling, securities brokerage, fines, wire transfers or buying foreign currency.
How it compares
- Incard vs Capital on TapFees, cashback, foreign currency, protection and eligibility side by side.
- Capital on Tap alternativesAccounts to look at if Capital on Tap doesn't cover what you need.
Capital on Tap against other accounts
See all the accounts we've researched.
Our pick for card spendIncard: 1% cashback on ads, software and travel, on a £0 plan
Our pick for UK and Swiss businesses whose main costs go on cards, as long as you don't need bank deposit protection.
Read Incard vs Capital on TapWork out your cashbackCheck eligibility
We may earn a commission if you apply.
- a month on the Free plan, with team cards
- £0
- cashback on ads, software and travel; 0.5% on other eligible spend
- 1%
- IBANs in three currencies
- GBP, EUR, USD
Check Capital on Tap Business Credit Card's current terms
Fees and eligibility can change. Confirm them on the provider's own site before you apply.
Sources
All checked on 8 November 2026. Where a provider's help centre or legal terms differ from its marketing pages, we follow the help centre and terms.