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Why our Capital on Tap Visa 30,000 points promo may work for you even if you can’t spend £5,000

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Yesterday we launched the biggest sign-up offer on the Capital on Tap Business Rewards Visa Credit Card that we have ever seen.

The offer is exclusive to you as a Head for Points reader. You can receive a two-part sign-up bonus of up to 30,000 points, worth £300 cashback or 30,000 Avios.

You can read more about our Capital on Tap offer here.

You can apply here. Apologies to anyone who had trouble with this link first thing yesterday – CoT had it up and running OK by 9.45am.

HFP Capital on Tap business Visa credit card blue

As a reminder:

  • the card is available to any limited company or LLP
  • you receive 10,000 points (convertable into 10,000 Avios or £100 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 Capital on Tap article from Tuesday here.

Capital on Tap Avios offer

Why you may want to get the card even if you can’t spend £5,000 in three months

When you look at the details of this offer, your eye is probably drawn to the second part of the bonus – ‘earn 20,000 points for spending £5,000 in three months’.

For some limited company owners who read Head for Points, this may be a squeeze. You may still want to apply, however

Even if you can’t spend £5,000 in three months to earn the second part of the bonus, the offer may still work for you.

Everyone will earn 10,000 points with their first purchase

The first part of the bonus will be triggered by everyone. Once you have made your first purchase on your Capital on Tap Business Rewards Visa, you will receive 10,000 points – even if you only bought a cup of coffee. This can be converted to £100 cashback or 10,000 Avios.

You keep this part of the bonus even if you don’t manage to trigger the second part.

The annual fee on the Capital on Tap Business Rewards Visa is £99. Depending on your tax rate and how you withdraw cash from your company, the net cost to you will be lower than £99.

This means:

  • you have paid less than £99 (due to the tax deductibility of the fee) to receive 10,000 Avios, if you choose to convert your Capital on Tap points to Avios
  • you will have a Visa card in your wallet which will earn you 1 Avios or 1p cashback on all of your business spending over the next 12 months
  • you will have a Visa card in your wallet with 0% FX fees, which is valuable if you are paying for products or services for your business in other currencies

This is a decent deal in my view.

The initial 10,000 points bonus means that the card is effectively free for the first year and you should be able to pick up a good number of points during that time. After a year you can reassess whether it is worth keeping.

How to apply

Full details of our Capital on Tap offer are in our introductory Capital on Tap Visa article here.

Remember you need to have a Limited Company or LLP in order to apply.

You MUST apply via this special link to receive the two-part bonus of 10,000 points with your first purchase and 20,000 additional points if you spend £5,000 in 90 days. The offer runs to 4th February.

Comments (7)

  • Pb says:

    Would be helpful if they would allow simple partnerships to apply .

  • PAB says:

    Whilst 1% cashback is undoubtedly attractive, the choice between cash and Avios means that you’re paying 1p per Avios.

    • Andrew P says:

      The difference is the 1% cash back is in the business and taxable to withdraw and the Avios is in a personal account to use without any tax due on it, so less than 1p depending on tax rates

    • Chas says:

      Except the cash back is taxable income for the company, so using a tax rate of 19% you’re only “paying” 0.81p per avios.

  • toddy says:

    The ‘apply now’ button on the COT page is broken for me (I cannot click on it). Using Chrome on a Macbook.

    Anyone else?

  • Freddy says:

    Am I right that in order to use this to pay HMRC I’d need to get curve metal

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