EDIT: This article is now out of date.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.
Capital On Tap’s Capital Club card is a new payment card for small businesses which offers Avios on your spending.
We covered it in detail here but in summary:
you get 10,000 Capital On Tap points (converts to 5,000 Avios) for signing up and spending £5,000 within 3 months – and HFP readers get a special higher bonus
you get 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.
I have now heard from two HfP readers who have successfully used the card to pay HMRC. It appears to go through as a personal debit card and is therefore accepted without any fees. This would allow our self-employed readers to pay their VAT, PAYE, corporation tax and personal tax via Capital On Tap whilst earning 0.5 Avios per £1 spent.
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.
Want to earn more points from credit cards? – October 2022 update
If you are looking to apply for a new credit card, here are our top recommendations based on the current sign-up bonuses.
In February 2022, Barclaycard launched two exciting new Barclaycard Avios Mastercard cards with a bonus of up to 25,000 Avios. You can apply here.
You qualify for the bonus on these cards even if you have a British Airways American Express card:
You can see our full directory of all UK cards which earn airline or hotel points here. Here are the best of the other deals currently available.
EDIT: Until 25th October 2022, there is an exceptionally generous sign-up bonus on The Platinum Card. You will receive 60,000 Membership Rewards points – double the usual amount – and £200 to spend at Amex Travel. You need to spend £6,000 within six months to earn the bonus.
British Airways American Express Premium Plus
25,000 Avios and the UK’s most valuable card perk – the 2-4-1 voucher Read our full review
American Express Preferred Rewards Gold
Your best beginner’s card – 20,000 points, FREE for a year & two airport lounge passes Read our full review
The Platinum Card from American Express
60,000 points (SPECIAL OFFER), £200 travel credit and unbeatable benefits – for a fee Read our full review
Virgin Atlantic Reward+ Mastercard
15,000 points bonus and 1.5 points for every £1 you spend Read our full review
Earning miles and points from small business cards
If you are a sole trader or run a small company, you may also want to check out these offers:
American Express Business Platinum
40,000 points sign-up bonus and a long list of travel benefits Read our full review
American Express Business Gold
20,000 points sign-up bonus and free for a year Read our full review
British Airways Accelerating Business American Express
30,000 Avios sign-up bonus – plus annual bonuses of up to 30,000 Avios Read our full review
Capital On Tap Business Rewards Visa
10,500 points bonus – the most generous Avios Visa for a limited company Read our full review
For a non-American Express option, we also recommend the Barclaycard Select Cashback card for sole traders and small businesses. It is FREE and you receive 1% cashback on your spending.