Capital on Tap review
Capital on Tap is a business credit card, not a loan, and that is the first thing to understand before you compare it to one. It gives limited companies a revolving limit of up to £250,000 with 1% cashback, free if you clear the balance each month and charged at a representative 34.9% APR variable if you carry it. The strongest applicants see rates from 13.86%, but 34.9% is the representative figure most should plan around. Sole traders cannot apply.
| Product | Business credit card (not a term loan) |
| Limit | Up to £250,000 |
| Rate | Representative 34.9% APR variable; advertised from 13.86% |
| Rewards | 1% cashback on card spend |
| Eligibility | Active limited companies and LLPs only; not sole traders |
A card used like a loan
Capital on Tap gives a company a revolving credit limit, up to £250,000 for strong applicants, that behaves like any credit card: spend against it, and clear it monthly to pay nothing, or carry a balance and pay interest. It adds 1% cashback on spend and decides quickly online without needing filed trading accounts, which is why fast-moving businesses use it in place of a small loan.
For short-term spend you will clear inside a month or two, that is genuinely cheaper than a term loan, because a loan charges interest from day one while a card cleared in full charges nothing.
The cost of carrying a balance
Carry a balance and the representative rate is 34.9% APR variable, far above a term loan, so it is the wrong tool for anything you will repay over many months. The 13.86% in the adverts is a floor for the strongest applicants, not the representative rate. There is also a Pro tier at £299 a year that lifts the rewards.
Only active limited companies and LLPs can apply, so sole traders are out entirely and should look at a term loan or the government Start Up Loan instead. If a card is right for you, weigh it against the other options on our business credit card page.
The ledger, balanced
In credit
- Limits up to £250,000
- 1% cashback on all card spend
- Free if you clear the balance each month
- Fast online decision, no filed accounts needed
In debit
- Representative 34.9% APR if you carry a balance
- Limited companies and LLPs only, no sole traders
- A card, so the wrong tool for long repayment
- Pro tier costs £299 a year
Check your Capital on Tap limit
Questions people actually ask
Is Capital on Tap a loan or a credit card?
It is a business credit card, not a term loan. You get a revolving limit up to £250,000 that is free if you clear it each month and charged at a representative 34.9% APR variable if you carry a balance, so it suits short-term spend rather than a sum repaid over years.
What is Capital on Tap's interest rate?
The representative rate is 34.9% APR variable, with advertised rates from 13.86% for the strongest applicants. Clear the balance in full each month and you pay no interest at all, only benefiting from the 1% cashback.
Can a sole trader get Capital on Tap?
No. Capital on Tap is for active limited companies and LLPs only. Sole traders should look at a term loan, a revolving line such as iwoca, or the government Start Up Loan instead.
Rates and terms verified 5 July 2026 against capitalontap.com and 2026 UK reviews. Business lending is not covered by the FSCS, and lending to a limited company is not regulated like a consumer loan, so confirm the terms with the lender before you apply. We may earn a commission through links on this page.