Review: the free Capital on Tap Visa credit card (earns Avios)
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Capital on Tap – a small UK payments card company which I admit you may never have heard of – runs the only small business Visa credit cards which can earn you Avios points.
You earn 1 Capital on Tap point (worth 1p cashback or 1 Avios) per £1 you spend.
As an added benefit, these are the ONLY Avios-earning credit cards in the UK which do not charge foreign exchange fees when used abroad.
The card is also free for life.
There is also a fee card, Pro, which costs £299 and has additional travel benefits, a sign-up bonus and the same ‘1 point per £1’ earning rate. Our review of the Capital on Tap Pro Visa card is here. For the majority of people, however, the free Capital on Tap card will do just fine.
In this article I will explain all you need to know about the free Capital on Tap Visa card and who can apply.
Who is Capital on Tap?
Whilst you may not have heard of Capital on Tap, it already has 200,000 customers and is one of the very few UK fintech ‘unicorns’ valued at £1+ billion. It has been offering Avios since 2018.
You can find full details on their website here.
Your interest rate is based on your business profile and can be as low as 14.95% APR variable.
This article was updated on 1st April 2025, and all of the information is correct as of that date. Ignore the original publication date shown.
Who can apply for the Capital on Tap Visa card?
The two Capital on Tap Visa cards are the only way to indirectly earn Avios via a small business Visa or Mastercard credit card.
The Capital on Tap cards are aimed at limited companies and LLPs. It is not currently accepting unlimited partnerships or sole traders.
A minimum turnover of £24,000 is required.
If you do NOT have a limited company, our recommended choice for a business Visa or Mastercard credit card is Barclaycard Select Cashback. It is free for life and you get 1% cashback on your spending. Our review of the Barclaycard Select Cashback credit card is here and you can apply here.
How many Avios do you earn?
You earn 1 Capital on Tap point (worth 1p of cashback or 1 Avios) per £1 spent.
This is an excellent earning rate for a card which is free for life.
Points accumulate inside your Capital on Tap account. You can transfer them to Avios at any point, with the transfer being INSTANT.
You can also choose to receive cashback or gift vouchers.
What are the other benefits of the Capital on Tap Visa card?
There are other benefits on top of the generous ‘1 point per £1’ earning rate:
- unlimited free supplementary cards for your staff
- a credit limit of up to £250,000
- up to 42 days to pay before interest is incurred
- the card works with Apple Pay and Google Pay
- accounting integrations with Sage, QuickBooks, Xero, FreeAgent and more
- no FX fees and no ATM fees
The Capital on Tap Visa credit cards are the ONLY Avios-earning credit cards which does not charge foreign exchange fees.
Is it worth getting the Capital on Tap Visa?
If you have any sort of limited company which would allow you to qualify for the card, I think you need to have a serious look at Capital on Tap.
What more do you want? After all:
- the card has no annual fee
- the card has no FX fees
- points worth 1 Avios per £1 is a great return from a small business Visa or Mastercard
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 an Avios point is worth more than 1p 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.
Points and miles have no cash or taxable value – this is a long-held HMRC rule.
Conclusion
If the Capital on Tap Visa card sound interesting for your business, you can find out more and apply on their website here.
You can also apply for the Pro version of the card via the same link if you feel that the airport lounge and hotel status benefits, plus the 10,500 points sign-up bonus, are worth the higher £299 fee. Our full review of Capital on Tap Pro is here.
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. The site discusses products offered by lenders but is not a lender itself. Robert Burgess, trading as Head for Points, is regulated and authorised by the Financial Conduct Authority to act as an independent credit broker.
