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

UPDATE – JUNE 2022:  This article is now out of date, but don’t worry.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 Cards’ menu above.  Thank you.

Until 18th July 2022 there is an astonishing special offer on the two Barclaycard Avios Mastercard credit cards. You get 50,000 Avios on the Avios Plus Mastercard and 10,000 Avios on the free Avios Mastercard. You can apply here. We strongly recommend getting the Avios Plus card whilst this offer is running.

Last month we launched the biggest sign-up offer on the Capital on Tap Business Rewards Visa Credit Card that we have ever seen. Today, Friday 4th, is your last day to apply.

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 – but you must apply on Friday.

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.

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 ends tonight, 4th February.

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Want to earn more points from credit cards? – June 2022 update

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

In February 2022, Barclaycard launched two exciting new Barclaycard Avios Mastercard cards.

Until 18th July 2022 there is an astonishing special offer on these cards. You get 50,000 Avios on the Avios Plus Mastercard and 10,000 Avios on the free Avios Mastercard. You can apply here. We strongly recommend getting the Avios Plus card whilst this offer is running.

You qualify for the bonus on these cards even if you have a British Airways American Express card:

You can see our full directory of all UK cards which earn airline or hotel points here. Here are the best of the other deals currently available.

SPECIAL OFFER: The sign-up bonus on Amex Gold is increased from 20,000 Membership Rewards points to 30,000 Membership Rewards points until 19th July 2022. This card is free for the first year.

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 offers:

For a non-American Express option, we also recommend the Barclaycard Select Cashback card for sole traders and small businesses. It is FREE and you receive 1% cashback on your spending.