Why Capital on Tap credit cards are great for businesses that travel a lot

Jan 18, 2020

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This story has been paid for by Capital on Tap, but the opinions are those of the author and TPG. This is one way TPG continues to provide our readers with free news and advice about travel.

Capital on Tap offers U.K. businesses a points-earning credit card called the Business Rewards Card. It comes with a welcome bonus of 10,000 Capital on Tap points after spending £5,000 on the card in the first three months after being approved. It also has a unique and lucrative rewards structure that allows businesses to mix and match between redeeming their Capital on Tap points for Avios, cashback or both.

Related: Capital on Tap Rewards: Should you choose cashback or Avios?

You can read our full review of the Business Rewards Card here.

One of the best features of this card is that there are no foreign transaction or ATM fees. This is quite a unique benefit in the U.K. business card space — and could save your business loads of money. This means that if your business makes purchases in foreign currencies other than GBP, you can pay in the local currency avoiding both dynamic currency conversion scams, and avoiding being charged a traditional foreign transaction fee, which can be up to 3% with other U.K. credit cards.

Your business will also earn Capital on Tap points for these foreign currency purchases at a rate of 1 point per £1 (equivalent) spent.

You can choose to have up to 20 supplementary cards at no cost to issue to employees to use for business expenses at home or abroad. While there are a great range of no-fee travel debit cards available in the U.K., these cards do not generally earn rewards points and are debit cards, so the money leaves the associated bank account immediately when the purchase is made. What makes the Capital on Tap Business Rewards card different is that:

  • The purchases can enjoy up to 56 days interest-free terms before they become payable; and
  • All purchases, at home and abroad, will earn Capital on Tap points into the one central account, which the business owner can choose to redeem for Avios, cashback or a combination of both.
(Photo courtesy of Capital on Tap)

Plus, even better news is that The Business Rewards Card from Capital on Tap is a Visa, which generally has higher acceptance rates globally than American Express.

There are also no fees for cash withdrawals at ATMs using the card at home or abroad, though note that unlike purchases, interest will accrue on cash advances immediately, without waiting until the end of the statement cycle.

If you have a business where employees frequently travel and you want to earn flexible rewards at home and overseas without paying foreign transaction fees, you can apply for the Capital on Tap Business Rewards Card here. Representative example: Representative APR 39.9%, minimum credit limit £1,000, maximum credit limit £50,000. Purchase rate 2.84% per month.

Featured image by Gettys Images

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.