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NEW: Earn Avios points with a small business Mastercard – and a special bonus for HfP readers

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EDIT:  This article is now out of date.  Capital On Tap has relaunched with just one Avios card, Business Rewards, which is better than both of the cards described below.  Click here to read our review of Capital On Tap Business Rewards.  We still have a higher sign-up bonus for our readers!

At last!  After many years of having Head for Points readers email me in search of a good travel rewards payment card to use for their business purchases, we finally have something.

You can now earn Avios with a small business Mastercard.

And we negotiated a special extra sign-up bonus for all Head for Points readers if you use our promo code when you apply!

This is the card:

Capital on Tap Capital Club earn Avios

The Capital Club card, from Capital on Tap.

Interest rate information:  Your interest rate is based on your business profile and can be as low as 9.9% APR.  The standard interest rate for marketing purposes is 39.4% APR.

You can find full details on their website here.  Read on first, however, because there is a special higher sign up bonus for HFP readers.

What does the Capital Club card offer?

The Capital Club card is aimed at small businesses and sole traders.  Whilst you may not have heard of Capital on Tap, it already has 50,000 customers for its existing ‘no rewards’ payment card.  This is their first move into the rewards market.

This is what the card offers your business:

10,000 Capital on Tap points (converts to 5,000 Avios) for signing up and spending £5,000 within 3 months

1 Capital on Tap point for every £1 you spend (converts to 0.5 Avios)

No foreign exchange fees when spending overseas

No ATM fees if withdrawing cash on the card

Up to 56 days interest free credit on purchases (minimum monthly repayment is the greater of 10% of balance or £250)

Up to 15 free supplementary cards for your staff

The card has an annual fee of £99.  This is obviously tax deductible as a business expense.

The maximum credit limit on offer is £50,000.

And an extra bonus for Head for Points readers

If you use promo code headforpoints when signing up, you will receive an additional 500 Capital on Tap points.  This is worth an additional 250 Avios.

The site will still show 10,000 Capital on Tap points as your bonus but the extra 500 will be added separately.  If there are any problems, let me know and I can quickly chase it up.

Capital on Tap Capital Club Avios card

Who can apply?

The Capital Club card is aimed at sole traders as well as small businesses.  The company appears to be flexible in who they accept:

if you are a UK limited company or limited partnership with turnover of £24,000+ then you should be eligible

if you are a VAT registered sole trader then you should be eligible. 

if you are a sole trader under the VAT threshold but above the £24,000 turnover threshold then applications are looked at on a case by case basis – if you have a functioning website and are clearly in business then I am told you should be eligible

Applicants must not have a CCJ against themselves or their business in the past 12 months.

Whilst it doesn’t make any day to day difference in how you use the card, Capital Club is not a credit card.  It is structured as a prepaid Mastercard which is funded by Capital on Tap.  As far as I can see this doesn’t make any difference to your legal rights, as Section 75 protection does not apply to business credit cards.  In the event of any disputes over purchases, you request a Mastercard chargeback.

How does the Capital on Tap Capital Club card compare?

Some sole traders, including myself, use a personal credit card for their business expenses.  A lot of self employed people – or their accountants – are not happy doing this, however, and it is clearly not sensible to give personal credit cards to your staff.  You need a dedicated business payment card in these circumstances.

Until now, if you wanted to earn rewards from a small business payment card you were reliant on American Express Business Gold or American Express Business Platinum.  These are good products but obviously have issues over Amex acceptance, especially with small suppliers.

The Capital on Tap Capital Club Mastercard is a small business card that can be used everywhere that Mastercard is accepted.

You need to look at the maths based on what you spend, including how much you spend in foreign currencies (the card has no FX fees).  The £99 annual fee is a deductible expense so the net cost to you will be lower.  In Year 1 you are getting a sign-up bonus of 10,000 Capital on Tap points, which is worth 5,000 Avios.

(Use the special headforpoints promo code and that increases to 10,500 points, worth 5,250 Avios.)

Day to day you are collecting 0.5 Avios (1 Capital on Tap point) per £1 spent.  If you and your staff have a high level of business expenditure then this could work out very nicely for you.  Remember that you can have up to 15 free supplementary cards.

As far as I know, there is no other Visa or Mastercard payment card aimed at small businesses which offers decent travel rewards.

HMRC accepts Capital on Tap

Here is one good reason to get the card.  Based on early feedback from our readers, HMRC accepts Capital on Tap cards to make tax payments with no surcharge.  This is because HMRC treats it as a personal debit card.

This means that you can earn Avios on all of your PAYE, VAT, corporation tax and indeed personal tax payments.

But don’t forget …..

Capital on Tap points can be converted into cashback as well as Avios.  As 2 points gets you 1 Avios or 1p cashback, you are ‘paying’ 1p per point for your Avios.

If you don’t value Avios at more than 1p (and in most scenarios you can get more than 1p for them as this article shows) then take your Capital on Tap points as cashback instead.

Remember to use our Capital on Tap promo code when you apply

If the Capital on Tap Capital Club card sounds interesting for your business, you can find out more and apply on their website here.

Remember to add promo code headforpoints to receive the extra 500 points as a sign-up bonus.

Disclaimer: Head for Points is a journalistic website. Nothing here should be construed as financial advice, and it is your own responsibility to ensure that any product is right for your circumstances. Recommendations are based primarily on the ability to earn miles and points and do not consider interest rates, service levels or any impact on your credit history.  By recommending credit cards on this site, I am – technically – acting as a credit broker.  Robert Burgess, trading as Head for Points, is regulated and authorised by the Financial Conduct Authority to act as a credit broker.

Comments (73)

  • Rob says:

    That is true.

  • John Matrix says:

    OT: IC Bora Bora appears to have zero reward night availability…all 2019 and beyond. Is this typical…?!

    • meta says:

      Yes. I was monitoring it for a while as I wanted to go, but then changed my plans. They probably have one or two rooms and as soon as they are released they are taken. I think people book one night at the time.

      • Christian says:

        Yes, you can never get rooms there. I looked on and off for a year and then found a flyertalk post all about other people’s experiences (the same). Basically, there’s a golden minute in the middle of the night once a week where they release a few rooms at a time and even then you’re unlikely to get all you want in the one property. In the end I came to the view that life was simply too short.

    • luckyjim says:

      Out of curiosity, try searching for one adult. I found recently that IHG reward rooms were available in Paris for a single adult but the exact same rooms were not available for a couple. What they would do about if you had a second person in the room with you I don’t know.

    • John Matrix says:

      thanks all. Sounds like it’s misleading to sell this as a redemption option at all. Shame.

  • Gbit says:

    Good to see a new entrant but slightly underwhelming offer. Santander Business Credit Card offers 1% cash back with £30 annual fee.

    • Mr(s) Entitled says:

      I’ve got a Santander business account for my Ltd. I’ve not looked into a corporate card but now you’ve mentioned this I don’t have to. Application underway, Thanks.

      • Jon says:

        any good? free? proper online banking? recommend them?

        I’m using their Cater Allen – pretty woeful/basic

        • Jon says:

          ha, just compared them

          Santander – not free (but probably decent)
          Cater Allen – free – but a basic offering

          I’ll stick with Cater Allen for now – I never pay anyone for banking – they earn enough from our deposits

        • Genghis says:

          We got 18 months free with Santander for ltd co as we are 123 acct holders.

        • Mr(s) Entitled says:

          I’ve been impressed with Santander. It’s a low bar of high street banks but I’ve found them to be very approachable and willing to assist. That said, I’ve not asked for anything they may say no to (ie debt).

          As per Genghis’s comment, mine came with 18mths free banking and access to a branch network was important to me.

        • Jon says:

          18 months free is a nice sweetener, but 18 months soon pass, then it’s £7.50 p/m?

          and the branch network is now disappearing…

          https://www.bbc.co.uk/news/business-46972632 (and this is only the start)

        • Mr(s) Entitled says:

          It will be a while before my branch disappears and a small fee doesnt greatly concern me provided the service is there. But if events change then so will my mind.

  • Ali says:

    Hi Rob
    I have the ‘basic’ curve card. It has daily spend limits. My tax will be more than 4000 pounds. Can I pay in parts (using the same reference number) on hmrc every day to make up the total so can cash in on rewards?

    • illumintus says:

      It has been confirmed multiple times here in comments that yes, multiple partial payments are fine

      • Ali Malik says:

        thank you and apologies

        • Christian says:

          Yes, having done this, multiples are absolutely fine. They reserve the right to decline multiples above some unspecified number, but I’ve never hit that.

        • luckyjim says:

          Why are you apologising? It’s a perfectly reasonable question and there is no way of checking if it has been asked before.

          You could also ask Curve to up your limit explaining the reason. HMRC payments are a legitimate use of the card.

    • Mr Dee says:

      Yes 4k is no problem just do 2k per day and there won’t be an issue

  • Joseph Heenan says:

    Definitely happy to see a new entrant to the market here, but they’ve not made it attractive enough for me to sign up our 8 person company up. We’d need either a way to export transactions in a standard format (csv/qif/etc) or an automatic bank feed into Xero.

    I’d also need to be sure that they clearly indicate which person made which transaction.

    • Christian says:

      I’m trying this with two of us to start with so I’ll see what the reporting is like in practice. As a business provider, I’m sure they’d listen to sensible business-focussed requests.

  • Chris says:

    Can you use this card with Curve (i.e to pay HMRC)

    • Matt says:

      Yes (if you mean the Santander card), that’s what I did last year

    • Jon Martin says:

      Note that the rules of personal and business credit cards are different. Business credit cards can and will be charged a significant fee for HMRC payments.

      Still that said, 1% back in cash and a smaller fee with Santander blows this offering out of the water for sole traders. OK different tax treatment of cash vs Avios, but not if you choose to spend the cash on extra business travel…

      • Chris says:

        That’s where Curve comes in handy, as they don’t charge to use that. All depends.if they actually manage to stay afloat after the Amex fiasco mind you

  • Freddy says:

    I didn’t think there’s an issue using a personal card as a sole trader. Agree it’s completely different for ltd companies

  • Ian M says:

    Does anyone know if there would be a fee to use this card to deposit Euros into a Trabsferwise Borderless account? Would it be classed as a cash advance?

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