UPDATE – OCTOBER 2021: This article is now out of date, but don’t worry. We produce a monthly directory of the top UK travel credit card offers – please click HERE or use the ‘Credit Card Offers’ menu above. Thank you.
On Tuesday we launched the biggest sign-up offer on the Capital on Tap Business Rewards Visa credit card we have ever seen.
The offer is exclusive to you as a Head for Points reader. You can receive a sign-up bonus of 29,900 points, worth £299 cashback or 29,900 Avios.
As a reminder:
- the card is available to any limited company or LLP with turnover of £24,000+
- you receive 9,900 points (convertable into 9,900 Avios or £99 cashback) as soon as you make your first purchase
- you receive a further 20,000 points (convertable into 20,000 Avios or £200 cashback) if you spend £5,000 within three months
- the day-to-day earning rate is a very impressive 1 point (= 1 Avios or 1p cashback) per £1 spent
As a Visa card, the Capital on Tap Business Rewards card is widely accepted. It also has NO foreign exchange fees. Even if you have an American Express Business card, Capital on Tap is ideal for suppliers who are based abroad or who do not take Amex.
Full details are in our article from Tuesday here.
You can apply via this link.
Your questions, answered
A number of you left questions in the comments on Tuesday. We submitted these to Capital on Tap. Here are their responses:
How long does my company need to be trading before I am eligible for the card?
Capital on Tap considers all limited companies which have turnover of at least £2,000 per month, don’t have any unsatisfied CCJs in the last 12 months against them or their business and are based in the UK. There is no minimum period following incorporation as long as your run-rate turnover is £2,000 per month.
Is this card issued and credit checked to the individual applying, or does that liability sit with the limited company?
Capital on Tap consider both your personal and business credit profile during the underwriting process. Applying for a Capital on Tap credit card will not affect your personal credit score. You will have personal liability for charges made to the card.
Can I use the card for non-business expenditure?
This is a business credit card and should be used for business spend.
Someone in my company already has a Capital on Tap card. Would I still get the bonus?
The offer is only for new customers. Capital on Tap is only able to offer one account for each business so if your business already has an active CoT account you won’t be approved or benefit from the bonus.
I / my company previously had a Capital on Tap card but have since closed the account. Am I still eligible for the sign-up bonus?
If your business previously closed a Capital on Tap account prior to April 2021 then it may still be eligible.
You are welcome to submit a new application. These will be assessed on a case-by-case basis. If accepted, you will receive the bonus.
What exchange rate is used on foreign transactions?
The Capital on Tap card comes with 0% foreign exchange fees. Any foreign transactions are calculated based on the daily Visa foreign exchange rates, as published on the Visa website.
PS. Some people who applied on Tuesday and Wednesday AM received emails from Capital on Tap which mentioned the normal 10,000 points bonus and not the higher 29,900 HfP reader bonus. This has now been corrected. Don’t worry – you will still receive the full bonus.
How to earn Avios from UK credit cards (October 2021)
As a reminder, there are various ways of earning Avios points from UK credit cards. Many cards also have generous sign-up bonuses!
There are two official British Airways American Express cards. Both have increased sign-up bonuses until 2nd November 2021:
You can also get generous sign-up bonuses by applying for American Express cards which earn Membership Rewards points, such as:
The 30,000 points bonus on Amex Gold runs to 9th November 2021. The 60,000 points bonus on The Platinum Card runs to 2nd November 2021.
Run your own business?
We recommend Capital On Tap for limited companies. You earn 1 Avios per £1 which is impressive for a Visa card:
You should also consider the British Airways Accelerating Business credit card. This is open to sole traders as well as limited companies. This card has a limited time offer of 60,000 Avios when you sign up:
Click here to read our detailed summary of all UK credit cards which earn Avios. This includes both personal and small business cards.
(Want to earn more Avios? Click here to visit our home page for our latest articles on earning and spending your Avios points and click here to see how to earn more Avios this month from offers and promotions.)