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The new Avios SME payment card from Capital On Tap works at HMRC

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EDIT:  This article is now out of date.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!

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

Capital club card from capital on tap

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.

You can learn more about the card in our main article here, which I have updated to include this HMRC information.  The application page is here.

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 miles and points from credit cards?  Click here to visit our dedicated airline and hotel travel credit cards page or use the ‘Credit Cards Update’ link in the menu bar at the top of the page.)

Comments (100)

  • Greg says:

    I applied for a Capital on Tap card immediately after reading this article and while the fee doubled, though £199 was still a good price given the return. During the application I was particularly impressed by the fact that it recognised my obscure company name from just the first few letters and more impressed when it brought up the current shareholders names asking what % holdings they had.

    The next day I got an email saying I have been approved £10,000 credit and the following day received my card which I registered online. They then very quickly collected the £199 by direct debit from my Company bank account. I then tried to use the card but it was rejected, and TODAY received an email to say my application was unsuccessful.

    BEWARE Guys !!!!!!

    • Rob says:

      Odd. The £199 card is the new version with 20,000 Avios as a sign-up bonus, which is actually better than the original version.

      Very weird if they collected the fee but then cancelled it! I can chase with them if you want.

  • R says:

    What is the general experience of trying to use this on the HMRC website ? Is it accepted as a free free debit card ?

    Once the credit limit is used up, is it possible to pay the debit balance off immediately and therefore use the credit limit multiple times in a month ?

    Did I pick up from one of the posts above that the fee for the card has now gone up to £199 per month ?

    • Rob says:

      It hasn’t gone up. They are trialling a different – and better – card which is 1 Avios per £1 spent, 20,000 Avios sign up bonus (+ 500 extra for the headforpoints promo code) and £199 fee.

  • R says:

    As a PS to my last question, how reliable are the Avios transfers ? Do they transfer automatically to a linked BAEC account after the month end like Amex ?

  • PP says:

    Is there any update on whether this works to pay HMRC? And do the avios credit automatically and reliably? Which is the better card?

    • Rob says:

      Capital On Tap 100% works with HMRC. A reader I know well sent me some screenshots today to confirm it. This makes 3 readers who have now successfully tried it, but the guy today is the first one I know and therefore trust implicitly.