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

EDIT:  This article is now out of date.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.

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Want to earn more points from credit cards? – January 2021 update

If you are looking to apply for a new credit or charge card, here are our January 2021 recommendations based on the current sign-up bonus. 

You can see our full directory of all UK cards which earn airline or hotel points here.

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:

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.