EXCLUSIVE OFFER: Get 15,000 Avios points as a sign-up bonus with Capital On Tap’s Visa credit card!

Links on Head for Points may pay us an affiliate commission. A list of partners is here.

This offer ended on 5th February 2020.  You now receive our standard sign-up bonus of £105 or 10,500 Avios when using code headforpointsDetails of our Capital On Tap Avios offer are in this article.

We have launched a great new Head for Points offer for any reader who has some sort of small business or self-employment.

This exclusive offer is ONLY available to Head for Points readers.

Capital On Tap’s Business Rewards Visa card is aimed at the small business community. You earn 1 point per £1 you spend, which is redeemable for 1p cashback or 1 Avios.

Between 13th January and 5th February, Head for Points readers will also receive £150 cashback or 15,000 Avios when they sign-up.

There is an annual fee is £99.  It doesn’t take a genius to realise that the £150 cashback or 15,000 Avios gives you an immediate gain for your first year, and of course you will be earning 1p cashback or 1 Avios per £1 spent too.

As an added benefit, this is the ONLY Avios-earning credit card which does not charge foreign exchange fees when used abroad.

In this article I will explain all you need to know about the Capital On Tap Visa cards and who can apply.  The Capital On Tap home page is here and full details of the Rewards Visa are here.

How does the Capital On Tap Business Rewards Visa card work?

The Capital On Tap Business Rewards card is the only way to indirectly earn Avios via a small business Visa or Mastercard credit card.  

The Capital On Tap card is aimed at SMEs and sole traders.  Whilst you may not have heard of Capital On Tap, it already has 70,000 customers across its existing ‘no rewards’ payment card and the Avios products.  These cards were their first move into the rewards market.

We have been writing about the cards for a few months and feedback from readers who have applied has been very positive, especially over their quick response to any queries or questions.

Capital On Tap is the answer for all of the people who have emailed me in search of a good travel rewards card for their business purchases.

You can find full details on their website here.  Read on first, however, to learn more about the additional bonus for HFP readers.

Capital On Tap Capital Club review

How does the Capital On Tap Business Rewards Visa card work?

In summary, the Capital On Tap Business Rewards Visa card:

has a sign-up bonus which is worth £100 cashback or 10,000 Avios

this is increased to £150 cashback or 15,000 Avios if you apply by 5th February 2020 and use the headforpoints promo code

has an on-going earnings rate of 1 point per £1 you spend, redeemable for 1p cashback or 1 Avios

has an annual fee is £99 (tax deductible as a business expense)

The sign-up bonus requires you to spend £5,000 within three months.  The bonus arrives at the end of your fourth billing period, irrespective of how quickly you spend the £5,000.

There are some other good benefits too:

20 free supplementary cards for your staff

a credit limit of up to £50,000

up to 56 days to pay before interest is incurred

No FX fees and no ATM fees 

Capital On Tap Business Rewards is the ONLY Avios-earning credit card which does not charge foreign exchange fees.

Another positive point is that Avios transfers from Capital On Tap are INSTANTANEOUS.  Log in to Capital On Tap, request a transfer of some or all of your available Capital On Tap points to Avios, log in to your British Airways Executive Club account and they will be there!  You do not have to wait 24-48 hours as you would with an American Express Membership Rewards transfer.

And an extra bonus for Head for Points readers!

Normally, we can offer a modest extra bonus worth £5 or 500 Avios to our readers.

For the three weeks, we have really gone to town. You will receive an additional 5,000 points – which can be redeemed for £50 or 5,000 Avios – just for being a HFP reader

This takes your total bonus to 15,000 points which converts into £150 cashback or 15,000 Avios.  You need to use code headforpoints when applying.

Interest rate information:  Your interest rate is based on your business profile and can be as low as 9.9% APR.  The standard interest rate for marketing purposes is 39.9% APR.

Earn Avios with Capital on Tap Business Rewards visa credit card

Who can apply?

The Capital On Tap cards are aimed at sole traders as well as small businesses.  The company appears to be flexible in who they accept:

if you are a UK limited company or limited partnership with turnover of £24,000+ then you should be eligible

if you are a VAT registered sole trader then you should be eligible. 

if you are a sole trader under the VAT threshold but above £24,000 then applications are looked at on a case by case basis – if you have a functioning website and are clearly in business then I am told you should be eligible

Applicants must not have a CCJ against themselves or their business in the past 12 months.

Do you really need a dedicated business Visa card for your company?

Some sole traders use a personal credit card for their business expenses.  A lot of self employed people – or their accountants – are not happy doing this, however, and it is clearly not sensible to give personal credit cards to your staff.  You need a dedicated business credit card in these circumstances.

Until now, if you wanted to earn rewards from a small business payment card you were reliant on the American Express Gold Business, American Express Platinum Business or British Airways American Express Accelerating Business cards.  These are good products but obviously have issues over Amex acceptance, especially with small suppliers.

The Capital On Tap Visa cards are small business credit cards that can be used everywhere that Visa is accepted.  They are also the only Avios-earning cards which do not have foreign exchange fees.

Capital On Tap credit cards bonus

Is it worth getting the Capital On Tap Business Rewards Visa?

If you have any sort of small business or self-employed income which would allow you to qualify for the card, I think you need to have a serious look at Capital On Tap now.

For the first year, it is a no-brainer – until 5th February, you are getting £150 or 15,000 Avios as a sign-up bonus in return for an annual fee of £99

The £99 annual fee is a tax deductible expense so the net cost to you will be lower

Even if you have a British Airways American Express Premium Plus card (earning 1.5 Avios per £1) or HSBC World Elite Mastercard (1 Avios per £1 but only available to HSBC Premier account holders), Capital On Tap is a far better card to use abroad because it does not charge a 3% FX fee

1 point (redeemable for 1p cashback or 1 Avios) per £1 spent can’t be beaten from a Visa or Mastercard and the BA Premium Plus Amex isn’t accepted everywhere

But don’t forget …..

Capital On Tap points can be converted into cashback as well as Avios.  You can choose to take 1p of cash instead of 1 Avios.

If you don’t value Avios at more than 1p (and in most scenarios you can get more than 1p for them as this article shows) then take your Capital On Tap points as cashback instead.

The cashback option also gives you a fallback in case Avios devalues or your travel plans change.  However, if you took cashback it would be taxable as business income.  You could pro-rata this to reflect personal spending but only if you also pro-rata the part of the annual fee you charge to your company.

Points and miles have no cash or taxable value – this is a long-held HMRC rule.

Remember to use our Capital On Tap promo code when you apply!

If the Capital On Tap Business Rewards Visa card sound interesting for your business, you can find out more and apply on their website here.

Remember to add promo code headforpoints to receive the extra 5,000 points as a sign-up bonus.  If you go to the application form via this link, the code should be filled in for you.

You will NOT see the additional 5,000 points showing on the website.  However, the extra points will appear automatically with your core 10,000 points as long as you use the headforpoints code.

We have been covering Capital On Tap for almost a year now and we have never had a complaint from a reader who did not receive their additional HFP reader bonus.  We can easily chase it up for you if you have any issues.

This special offer of £150 cashback or 15,000 Avios expires on 5th February.

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 Avios, 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.

(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.)

BAD NEWS: Amex cuts the earning rate on the SPG Amex as it rebrands as the Marriott Bonvoy American Express credit card
LAST DAY to save 30% in IHG's European hotel sale

Click here to join the 14,500 people on our email list and receive the latest Avios, miles and points news by 6am.

Amazon ad
AMEX Gold 20,000 bonus points
About Head for Points

We help business and leisure travellers maximise their Avios, frequent flyer miles and hotel loyalty points. Visit every day for three new articles or sign up for our FREE emails via this page or the box to your right.


  1. Do they do a personal / standard card?

  2. Andy Morgan says:

    I already own the free card. Can I still use this offer?

  3. Jonathan says:

    I have this card and it’s a great way to earn Avios’ even more so now they have simplified their offering. But some quirks gripe me such as the CoT points (which you convert to Avios instantly) are not available to redeem until after your direct debit payment date irrespective of how quickly you repay that months statement. Paying your account off by direct debit in full still sometimes requires manual intervention to make the funds available to spend again. Disputing a transaction is a 3 page manual PDF form to fill out. You can only make 2 manual repayments per day.

    All that said, their webpage is good as is the iOS app. The online chat is an automated bot but just write “human” and it will transfer you. Chats are both responsive and knowledgeable.

    • Does anyone need to make more than 2 manual payments per day?!

      • Jonathan says:

        Sometimes, i have dedicated tax accounts as well as general banking accounts for work and will repay spends from specific accounts. Obviously the direct debit just mops up at the end of the month whatever is left over.

      • memesweeper says:

        I can’t think of a good reason… but I can’t think of a good reason for that restriction either.

        More significant is there is a limit to the number of debit card repayments you can make per *month*. Do not try knocking lots of £200/£300 lumps off your balance, clear the whole thing or as much as possible with each debit card payment.

  4. Daniel Evans says:

    Probably being really dumb but i see no slot to add in the promo code “headforpoints” – i’ve now completed the application. I hope contacting them will get it added!

    • There is definitely a promo code box on the £99 card but it autofills if you use the link which says ‘this link autofills’. I think as you applied today it will be clear it came from us and they see the clickthrough too.

      • Daniel Evans says:

        Then I was just being dumb! I emailed them and they have kindly credited the bonus 5k.

  5. I applied for this card on Thursday Rob, what chance of getting this morning enhanced bonus?

  6. Kenneth says:

    Can anyone tell me whether the Capital On Tap card can be used to “load” a Revolut card and still get the Avios points for the transaction?

    • Jonathan says:

      No it cant and i spoke to them in case it was an error – they specifically prohibit funding financial institutions and hard block it to enforce it.

      • Kenneth says:

        That’s a pity. I was hoping that Revolut would be an exception. It works for several other major cards. Thanks.

  7. No bad credit
    Credit Score of 962
    Cards with HSBC world elite & Virgin
    Capital on tap say no on application
    Very strange.

    • Rooster says:

      Same here, accepted then declined,

      The idea was to put a million through the card as 1% is a good amount for cash back , well I was told I could pay it off multiple times a month which turns out to be false especially as the credit limit was only 20k so that means a max of 240k a year assuming monthly spend is maxed out. Probably best that I was declined.

  8. I have the old CoT card (since July 2019) with the £295 annual fee and I’m being told I must change to the new VISA card by the end of the month (£99 annual fee). Does anyone know whether they are offering a pro rata rebate on the £295??

  9. Do the repayments need to be taken by direct debit? Am I not able to make payments to the card immediately following use?

  10. This looks great – I have an HMRC question.

    You can’t pay HMRC bills with a credit card – can anyone speak to the success/failure/wisdom of loading this card to a Curve account, and then using this card to pay HMRC via Curve?

    Could be just in time for a lot of people if so.

    • I have been told by other readers that this can be linked to Curve, yes.

      • i have done that and paid my VAT with it. i read somewhere this ends in a few weeks.
        check your card is in £ and not $. mine was but they refunded the transaction charge without any hassle.

    • Joseph Heenan says:

      Well you can, but as of 24th Jan curve you’ll either need to be paying for Curve Metal, or you will pay curve a 1.5% fee for each HMRC transaction – I’d imagine those numbers don’t stack up for most people. (Or am I missing something?)

  11. Great offer Rob, Will be signing up and taking some cards for staff.

Please click here to read our data protection policy before submitting your comment.