Capital on Tap Business Card Review: Easy Cash Back and Generous Credit Limits for Businesses

Overview of the Capital on Tap Business Credit Card

The Capital on Tap Business Credit Card is a recent addition to the no-annual-fee business card lineup, offering an application process that doesn’t involve a hard credit inquiry. It features a robust array of benefits typically found in more premium cards, including protections that are often absent in no-annual-fee options. Card rating*: ⭐⭐⭐

* Card rating reflects the views of TPG's editorial team and is not influenced by the card issuer.

Launched in 2021, Capital on Tap aims to simplify the eligibility and application process for business owners, which sets it apart from other options. Additionally, cardholders can enjoy unlimited 1.5% cash back, perks like car rental collision damage waiver and travel assistance, and an easy-to-navigate online portal for account management.

Furthermore, unlike many other small-business cards that cater to freelancers and sole proprietors, the Capital on Tap card is accessible only if you meet the following criteria:

• Your business cannot be a sole proprietorship, charity, non-profit, trust, fund, club, or any other unregistered entity
• Your business must have been operational for a minimum of six months
• Your monthly revenue should be at least $2,500
• Your income primarily comes from selling goods and/or services

That said, with no annual fee and a soft pull on your credit report, this card can be an excellent choice for businesses seeking a simple way to earn rewards on their expenses. We suggest having a credit score of 670 or above before applying for this card.

Here’s everything you need to know about the Capital on Tap Business Credit Card.

Pros and Cons of the Capital on Tap Business Credit Card

Welcome Offer for the Capital on Tap Business Card

Regrettably, the Capital on Tap Business card does not come with a welcome offer.

Many business cards provide welcome bonuses, so ensure you find the benefits of the Capital on Tap card worthwhile enough to forgo a welcome bonus before applying.

Benefits of the Capital on Tap Business Card

Although the Capital on Tap Business card lacks numerous perks, it does feature some significant advantages. For starters, its credit limit can reach up to $50,000, making it an excellent option for small businesses in need of substantial purchasing power.

Most applications for Capital on Tap will receive a response within 24 hours. Additionally, Capital on Tap offers unlimited additional cards at no extra charge, allowing employees to make purchases for the company. The card also includes user-friendly expense management software for employees.

The card has no foreign transaction fees, making it an ideal travel card for your small business and employees traveling abroad. However, if travel is your small business's main expense, there may be better business cards for your needs than the Capital on Tap card. This card also has no ATM fees.

Additionally, as a Visa Corporate product, the Capital on Tap card includes built-in benefits such as secondary rental collision coverage (which differs from primary car rental insurance) and travel assistance.

You will also receive virtual cards immediately upon approval, while physical cards typically arrive within four business days.

Earning and Redeeming Cash Back with the Capital on Tap Business Card

Simplicity is a clear focus for the Capital on Tap card, evident in its straightforward application process, which also applies to the card’s earning and redemption system.

Eligible purchases earn an unlimited 1.5% cash back. By enrolling in weekly autopay, you can boost your cash back to 2%.

Cardholders have the option to redeem their cash-back rewards for statement credits to clear an existing balance or to obtain gift cards. These redemption methods are quite common for cash-back business cards.

However, many business owners may find more benefit in a card that offers a transferable rewards currency, such as Chase Ultimate Rewards or American Express Membership Rewards. Points earned in these programs can be transferred to airline and hotel partners for enhanced value.

What cards are competitors to the Capital on Tap Business card?

Several other no-annual-fee cards cater to small businesses, so here are some options that rival the Capital on Tap Business card.

• If you favor Chase: The Chase Ink Business Unlimited® Card is an excellent no-annual-fee option. This card offers an unlimited 1.5% cash back on all eligible purchases, making it ideal for businesses without a specific spending category or those looking to maximize non-bonus expenses. However, it's important to note that the Ink Business Unlimited incurs foreign transaction fees for purchases made outside the U.S. For more details, check out our full review of the Ink Business Unlimited.
• If you prefer American Express: The American Express Blue Business Cash™ Card provides 2% cash back on all purchases up to $50,000 per calendar year, and 1% back after that, all with no annual fee (see rates and fees). The cash back earned is automatically credited to your account, so there’s no additional action required for redemption. To learn more, see our full review of the Blue Business Cash.
• If you're seeking more cash back: The Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® is another no-annual-fee card that competes with the Capital on Tap card. It also offers 1.5% cash back on all purchases without a limit, but it does have foreign transaction fees, making the Capital on Tap card a more suitable choice for international purchases. For further information, check our full review of the Bank of America Business Advantage Unlimited Cash Rewards card.

For more choices, refer to our list of best business cards and best no-annual-fee business cards.

Is the Capital on Tap Business card a good investment?

The Capital on Tap Business card is a robust no-annual-fee option for businesses seeking a cash-back card. It offers 1.5% cash back on all purchases, with the potential for 2% if you sign up for weekly autopayments. There are no foreign transaction fees, and it features generous credit limits of up to $50,000, which can be beneficial for businesses with substantial expenses.

In summary

In summary, the Capital on Tap Business Card is a dependable option for businesses. It features a straightforward application process that doesn’t require a hard inquiry on your credit score. While it offers limited benefits and isn't accessible to all small businesses, it provides unlimited 1.5% cash back on purchases.

Other cards might offer greater value if you're already part of a specific rewards ecosystem or if you run a smaller business that struggles to meet the minimum spending requirements for approval. However, for a straightforward business card, Capital on Tap remains a solid choice.