Maximise your Avios, air miles and hotel points

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EDIT:  This article is now out of date.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

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 points from credit cards? – September 2023 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:

Barclaycard Avios Plus card

Barclaycard Avios Plus Mastercard

Get 25,000 Avios for signing up and an upgrade voucher at £10,000 Read our full review

Barclaycard Avios card

Barclaycard Avios Mastercard

5,000 Avios for signing up and an upgrade voucher at £20,000 Read our full review

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.

SPECIAL OFFER: The sign-up bonus on the Virgin Atlantic Reward+ Mastercard is doubled to 30,000 Virgin Points if you apply by 2nd October. You receive 15,000 Virgin Points with your first purchase and a further 15,000 points if you spend £3,000 within 90 days. Apply here.

British Airways American Express Premium Plus

25,000 Avios and the famous annual 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 & four airport lounge passes Read our full review

The Platinum Card from American Express

30,000 points and a huge range of valuable benefits – for a fee Read our full review

Virgin Atlantic Reward+ Mastercard

30,000 bonus points (SPECIAL OFFER TO 2ND OCTOBER) 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 bonus and an annual £200 Amex Travel credit Read our full review

American Express Business Gold

20,000 points sign-up bonus and free for a year Read our full review

Capital On Tap Business Rewards Visa

Get a 10,000 points bonus plus an extra 500 points for our readers 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.

Barclaycard Select Cashback credit card

1% cashback and no annual fee Read our full review

Comments (99)

This article is closed to new comments. Feel free to ask your question in the HfP forums.

  • 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.

This article is closed to new comments. Feel free to ask your question in the HfP forums.

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