EDIT: This article is now out of date.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? – 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.
British Airways American Express
5,000 Avios for signing up, no annual fee and a companion voucher for spending £20,000 Read our full review
British Airways American Express Premium Plus
25,000 Avios and the UK’s most valuable credit card perk – the 2-4-1 companion 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
30,000 points and an unbeatable set of travel benefits – for a fee Read our full review
Virgin Atlantic Reward+ Mastercard
15,000 points bonus and the most generous non-Amex for day to day spending 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:
American Express Business Gold
20,000 points sign-up bonus and free for a year Read our full review
American Express Business Platinum
40,000 points sign-up bonus and a long list of travel benefits Read our full review
British Airways Accelerating Business American Express
Earn both Avios and BA On Business points with your business spending Read our full review
Capital On Tap Business Rewards Visa
The most generous Avios Visa or Mastercard for a limited company Read our full review
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.