Capital on Tap Business Credit Card review

Why you might want the Capital on Tap Business Credit Card

The Capital on Tap Card offers generous credit limits that can be important for businesses who have a lot of expenses each month. There are no hidden fees either, so cardholders can keep their card expenses low provided they pay their balance in full each month. Business owners who choose the Capital On Tap Business Credit Card are also eligible for unlimited company cards, which can help them maximize rewards and track spending for all of their workers.

High credit limit potential

Securing a higher credit limit can be crucial for businesses who have a lot of regular expenses each month, and the Capital on Tap Business Credit Card offers credit limits up to $50,000. This is a higher credit limit than many business cards can offer.

Earn rewards for spending

The Capital on Tap Business Credit Card offers a flat 1.5% cash back for each dollar you spend, which is better than the standard rate of 1% back some cash back cards offer. This rewards rate lets you earn $15 for every $1,000 in purchases your business makes.

No hidden fees

Cardholders don’t pay any hidden fees to carry this card. The Capital on Tap Business Credit Card doesn’t even have an upfront fee for cash advances.

Why you might want a different card

There are several reasons to consider a different card, and that’s especially true if you’re hoping to maximize rewards. Also note that this card doesn’t have an intro APR, and that the minimum payment requirement can be steep if you have a large balance.

Limited opportunity to maximize rewards

While earning 1.5% back for each dollar you spend can help you rack up rewards quickly, keep in mind that other business cards offer bonus categories that can help you maximize rewards on select business-related purchases.

Your APR could be very high

Cardholders who choose the Capital on Tap Business Credit Card will be assigned a 17.99% - 43.99% variable APR. If you apply and your APR winds up being on the higher end of that range, carrying a balance on your card will become costly in a hurry.

You have to pay at least 10% of your balance each month

Not only does this card not have an introductory rate, but you have to make a minimum payment of 10% of your balance each month or $100 (whichever is greater). This minimum payment could be a hardship during months when cash flow is tight.

No meaningful cardholder benefits

At the moment, the Capital on Tap Business Credit Card doesn’t have many of the same benefits some business cards do. For example, cardholders aren’t eligible for any travel insurance protections or travel perks in general.

Marketing materials for the Capital on Tap Business Credit Card do say that you’ll be able to integrate your account with Xero, FreeAgent, Quickbooks and more in the future, but that’s about it.

How does the Capital on Tap Business Credit Card compare to other business credit cards?

As you search for the right small business credit card, you should take the time to compare several options with the rewards and benefits you want the most. The chart below compares three other rewards cards for business that may be worth your consideration.

Ink Business Preferred® Credit Card	Capital One Spark Cash Plus	Ink Business Unlimited® Credit Card
Rewards rate Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year Earn 1 point per $1 on all other purchases – with no limit to the amount you can earn	Rewards rate Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel Earn unlimited 2% cash back on every purchase, everywhere—with no limits or category restrictions	Rewards rate Earn unlimited 1.5% cash back on every purchase made for your business
Introductory offer Earn 90,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening.	Introductory offer $2,000 cash back once you spend $30,000 in the first 3 months. Earn an additional $2,000 cash bonus for every $500K spent during the first year	Introductory offer Earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening.
Annual Fee $95	Annual Fee $150	Annual Fee $0
Other things to know Free employee cards Comes with select travel insurance and purchase benefit	Other things to know Charge card with no preset spending limit Free employee cards Get your $150 annual fee refunded every year you spend at least $150,000	Other things to know 0% intro APR on purchases for 12 months, followed by an APR of 17.74% - 23.74% Variable Free employee cards Comes with select travel insurance and purchase benefits

Capital on Tap Business Credit Card vs. Ink Business Preferred® credit card

While the Ink Business Preferred® credit card does charge a $95 annual fee, this card lets users earn 3X points on up to $150,000 in spending each year in popular business categories (then 1X points). Plus, new cardholders can earn 90,000 bonus points worth $900 in gift cards or $1,125 when redeemed for travel through the Chase Travel portal after spending $8,000 on purchases within three months of account opening.

It’s also worth noting that this card’s rewards are extremely flexible, especially for travel through the portal. You can use your points for gift cards, merchandise, cash back or statement credits, but you can also use them for travel through the Chase portal. Separately, you can transfer points to Chase Ultimate Rewards airline and hotel partners like British Airways, Southwest Rapid Rewards and Marriott Bonvoy.

Capital on Tap Business Credit Card vs. Capital One Spark Cash Plus

The Capital One Spark Cash Plus is unique because it’s a charge card that requires you to pay your bill in full each month. However, this also means there’s no preset spending limit, so it’s a good choice for businesses who need extraordinary spending power every month.

This card also offers a flat 2% cash back on all your business expenses, as well as the opportunity to get your $150 annual fee refunded every year you spend at least $150,000. The intro bonus and annual fee refund have high spend requirements, so this card is not for everyone.

Capital on Tap Business Credit Card vs. Ink Business Unlimited® Credit Card

The Ink Business Unlimited® Credit Card is very similar to the Capital on Tap Business credit Card since it offers a flat 1.5% cash back on spending with no annual fee. However, the Ink Business Unlimited® Credit Card offers a sign-up bonus of $750 after you spend $6,000 on purchases within three months of account opening.

Even better, cardholders can enjoy 0% intro APR on purchases for 12 months, followed by an APR of 17.74% - 23.74% Variable. This introductory rate for purchases can be immensely beneficial for start-ups who need access to credit and some time to pay their purchases down.

How to use the Capital on Tap Business Credit Card:

• Use your card for all your business-related spending and bills in order to earn more cash back.
• Sign up for free employee cards so you can begin earning rewards on employee purchases for business.
• Pay your balance in full to avoid paying interest, particularly if you were assigned one of this card’s highest APRs.

Is the Capital on Tap Business Credit Card right for you?

The fact that the Capital on Tap Business Card offers credit limits of up to $50,000 with no annual fee makes it unique among business credit cards. However, it’s ordinary rewards rate and overall lack of benefits mean it may not be the most lucrative option available, even if you’re set on avoiding an annual fee.