ComparisonLast checked 8 November 2026

Incard vs Capital on Tap: which pays your business back more?

Capital on Tap is a business credit card that earns 1% back as points on card spend with no annual fee on its Free plan and no FX fee. Incard is a business account with its own money in it: no borrowing, no personal guarantee, GBP, EUR and USD IBANs, and uncapped cashback on eligible spend. Many businesses compare them for the same card spending.

By the editorial team. How we make money.

Incard suits you if

You want cashback without borrowing, or the personal guarantee Capital on Tap asks for
You want one account for receiving money, paying suppliers and card spending
You spend on rideshare (1.75% on Free) or would earn 1.25% on ads, software and travel on Grow
You're a sole trader or a Swiss business, which Capital on Tap doesn't accept

Capital on Tap suits you if

You run a UK limited company or LLP and want 1% back on card spend with no annual fee
You pay in foreign currencies by card and want no FX fee
You want free employee cards with their own spending limits
You sync spending to Xero, QuickBooks, Sage or FreeAgent

Apply for Incard on incard.co

We may earn a commission if you apply.

At a glance

**Table notes:** correct as of 8 November 2026, from each provider's own pages listed under Sources. “Not listed” means the provider's pages we checked don't say.
	Incard	Capital on Tap
Type and protection	E-money · safeguarded, no FSCS	Credit card · no deposits held
Who can open one	UK sole traders, UK limited companies, LLPs, Swiss GmbHs and AGs and Swiss sole traders	UK limited companies and LLPs
Cheapest plan	Free: £0 a month	Free: £0 a year
Plans (monthly)	Free £0, Grow £49, Plus from £199	Free £0 a year, Pro £299 a year
Card cashback	Free: 1% on ads, software and travel, 0.5% on other eligible spend. Higher on Grow and Plus. Uncapped	1% on all card spend as points on Free and Pro; Pro earns 1.25% on preloaded spend
Card payments in other currencies	1.8% on Free, 1.5% on Grow and Plus	No FX fee
Domestic transfers	100 included on Free, 250 on Grow, then £0.30 each	Not a current account; you need a separate business bank account
International transfers	3 included on Grow; otherwise from £5 (SHA) or £20 (OUR)	Not listed
ATM withdrawals	2% in the UK, 2.5% abroad	No ATM fee; 2 withdrawals and £400 a day
Cash deposits	Not listed	Not listed
Currencies you can hold	GBP, EUR and USD, with IBANs	Not listed
Accepting card payments	Not listed	Not listed

The real difference: account vs credit card

Capital on Tap lends you the money. You spend on credit and repay it, with interest from 14.13% APR (variable) if you don't clear the balance, and a director or major shareholder must give a personal guarantee. It isn't a current account, so you need a separate business bank account to repay it. Because it's credit, there are no deposits for the FSCS to protect; money you preload or overpay is held as safeguarded e-money.

Incard spends your own money. You don't borrow, so there's no interest to pay and no credit to guarantee, and the account has GBP, EUR and USD IBANs for getting paid. Your balance is safeguarded by Incard, an FCA-authorised e-money institution, and isn't covered by the FSCS.

Cashback side by side

**Table notes:** correct as of 8 November 2026. Incard pays only at brands on its eligible list; Capital on Tap earns on card spend generally, but the card can't be used for some payments, such as gambling, fines and wire transfers.
Spending	Incard Free (£0)	Incard Grow (£49 a month)	Capital on Tap Free (£0)
Advertising, software and travel	1%	1.25%	1% in points
Rideshare	1.75%	1.75%	1% in points
Other eligible spend	0.5%	1%	1% in points

On ads, software and travel the two match on their free plans, and Incard pays more on rideshare and on its Grow plan. Capital on Tap pays more on general spending outside Incard's eligible brands. If you clear the card every month, the bigger question is whether you want credit at all. See Incard's eligible brands.

FX, ATM and other fees

Capital on Tap charges no FX fee on foreign-currency card payments and no ATM fee (up to 2 withdrawals and £400 a day), with interest charged on cash from the day you take it. Incard charges 1.8% on foreign-currency card payments on Free (1.5% on Grow and Plus) and 2% for UK ATM withdrawals, but gives you £5,000 a month of currency exchange at the interbank rate and EUR and USD IBANs to hold and receive currency.

Who can apply

Capital on Tap is for active UK directors or 25%+ shareholders of an Ltd, LLP or PLC with a business bank account and no unsatisfied CCJs in the last 12 months. Sole traders, charities and high-risk industries aren't eligible. Incard accepts UK limited companies, LLPs and registered sole traders, and Swiss GmbH, AG and sole-trader businesses.

Incard isn't the right account if

Your business is registered outside the UK and Switzerland. EEA onboarding is paused until an expected restart in 2027
You're a charity, cooperative, foundation, trust or public body, or work in one of Incard's restricted industries

Our verdict

Incard is the better fit if you want cashback from an account rather than a loan: no interest, nothing to guarantee, IBANs in three currencies, and the higher rate on rideshare and on Grow. It's also the only option of the two for sole traders and Swiss businesses. Capital on Tap is the better fit if you want a credit line, spend a lot abroad by card, or put most of your spending outside Incard's eligible brands, as long as you clear the balance.

Our pick for card spend

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E-money · safeguarded, no FSCS

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