Capital on Tap Promo Code: SETTINGUP — Get 7,500 Points (£75)
Apply for the Capital on Tap business credit card using our exclusive promo code and receive 7,500 bonus points worth £75 when you complete your first transaction within 30 days. No annual fee. Instant decision. 1% uncapped cashback on every purchase.
T&Cs apply. Affiliate link. Subject to eligibility. Limited companies only.
Business credit card
Capital on Tap Card
Capital on Tap offer
7,500
points worth £75
Promo code
T&Cs apply: 7,500 points on first transaction within 30 days. Subject to eligibility. Affiliate link.
What Are the 7,500 Points Worth? A Full Breakdown
Capital on Tap points are flexible — you can redeem them in multiple ways depending on what gives you the best value. Here is exactly what 7,500 points can get you.
£75
Cashback redemption
Redeem your 7,500 points as £75 cashback credited directly to your Capital on Tap account balance. This is the simplest option and effectively reduces your next statement by £75.
7,500
British Airways Avios
Transfer your 7,500 points to British Airways Avios at a 1:1 ratio. Avios can be used for flights, upgrades, and hotel stays. Depending on how you redeem them, Avios can be worth significantly more than 1p each.
1%
Ongoing cashback rate
Beyond the welcome bonus, every pound you spend on the Capital on Tap card earns 1% cashback — uncapped, on all eligible business purchases. There is no monthly or annual cap on how much you can earn.
How to Use the Capital on Tap Promo Code SETTINGUP — Step by Step
The application process is straightforward and typically takes 10–15 minutes. Capital on Tap uses a soft credit check initially, so browsing your eligibility will not affect your credit score.
Click our partner link
Use our link to ensure the promo code SETTINGUP is pre-applied to your application. You can also visit capitalontap.com directly and enter the code manually in the promo code field during the application process.
Check your eligibility
Capital on Tap will ask for your business name, Companies House registration number, and estimated annual turnover. They run a soft credit check at this stage, which does not appear on your credit file. You will see an indicative credit limit before committing to a full application.
Complete the full application
If you are happy to proceed, complete the full application form with your personal details, business financials, and bank account information. Capital on Tap will then run a hard credit search, which will appear on your credit file.
Enter the promo code SETTINGUP
During the application, Capital on Tap will ask if you have a promo or referral code. Enter SETTINGUP exactly as shown — all capitals, no spaces. If you used our partner link, the code may already be pre-filled.
Receive your instant decision
Capital on Tap typically provides an instant decision. If approved, you will see your credit limit immediately. Approved applicants can start using their virtual card details straight away, before the physical card arrives.
Activate your card and make your first transaction
Once you receive your physical card (typically 3–5 working days), activate it and make any business purchase. Alternatively, use your virtual card details immediately. The first transaction triggers the 7,500 point welcome bonus.
Receive your 7,500 points
Capital on Tap typically credits the welcome bonus within 30–60 days of your first qualifying transaction. You will receive a notification in your account dashboard when the points are available to redeem.
Redeem your points
Log in to your Capital on Tap account and navigate to the rewards section. Choose to redeem your 7,500 points as £75 cashback credited to your account, or transfer them to British Airways Avios at a 1:1 ratio.
What Is Capital on Tap and Is It Right for UK Contractors?
Capital on Tap is a UK-based fintech company founded in 2012, specialising in business credit cards for small and medium-sized businesses. It is one of the largest business credit card providers in the UK, having issued over £4 billion in credit to more than 200,000 businesses.
Unlike traditional business credit cards from high-street banks, Capital on Tap offers an instant online application with a decision in minutes, a credit limit range of £1,000 to £250,000, and 1% uncapped cashback on all eligible purchases. There is no annual fee on the standard card, and the application process does not require extensive financial documentation upfront.
For UK limited company contractors specifically, Capital on Tap is particularly well suited to those who want to keep business spending separate from personal finances, earn cashback on company expenses, and have access to a revolving credit facility for managing cash flow between invoice payments. The card is accepted everywhere Visa is accepted, and you can issue free additional cards to employees or directors.
Capital on Tap is not available to sole traders — it is exclusively for UK registered limited companies. If you are a sole trader, the Tide business account with its Mastercard debit card is a better fit for your needs.
The 1% cashback feature is particularly valuable for contractors who run significant business expenses through their limited company. If your company spends £5,000 per month on software subscriptions, travel, accommodation, and equipment, you would earn £600 in cashback per year — on top of the 7,500 point welcome bonus.
Capital on Tap integrates with Xero and QuickBooks, allowing your card transactions to flow automatically into your accounting software. This is a significant time-saver for contractors who manage their own bookkeeping, and it reduces the risk of missing deductible expenses at year end.
The credit limit is determined by Capital on Tap's underwriting process, which takes into account your company's trading history, turnover, and creditworthiness. Limits typically start at £1,000 for newer companies and can increase to £250,000 for established businesses with strong financials. You can request a limit review at any time through your account dashboard.
Capital on Tap offers a Pro plan (£99/year) that unlocks additional features including higher cashback rates and priority customer support. For most contractors, the free standard plan is sufficient.
Who Is Eligible for the Capital on Tap SETTINGUP Offer?
The SETTINGUP promo bonus is available to new Capital on Tap customers only. Unlike Tide, Capital on Tap is exclusively for UK limited companies — sole traders are not eligible. There is a minimum trading history requirement of 6 months.
| Requirement | Details | Eligible? |
|---|---|---|
| New Capital on Tap customer | Must not have previously held a Capital on Tap account | ✓ Required |
| UK limited company | Must be a registered UK limited company with a Companies House number | ✓ Required |
| Minimum 6 months trading | Company must have at least 6 months of trading history | ✓ Required |
| Minimum annual turnover | Typically £24,000+ annual turnover required for approval | ✓ Required |
| Director aged 18+ | The applying director must be 18 years of age or over | ✓ Required |
| Sole traders | Capital on Tap is for limited companies only — sole traders are not eligible | ✗ Not eligible |
| Existing customers | The promo bonus is for new customers only | ✗ Not eligible |
| Non-UK companies | Capital on Tap only serves UK-registered limited companies | ✗ Not eligible |
Capital on Tap Business Card Features: A Full Overview
Here is a comprehensive breakdown of what the Capital on Tap business credit card includes across its free and Pro tiers.
| Feature | Standard (Free) | Pro (£99/year) |
|---|---|---|
| Annual fee | None | £99 |
| Credit limit | £1,000–£250,000 | £1,000–£250,000 |
| Cashback on all spend | 1% | 1.5% |
| Welcome bonus | 7,500 points (£75) with SETTINGUP | 7,500 points (£75) with SETTINGUP |
| Avios transfer | ✓ 1:1 ratio | ✓ 1:1 ratio |
| Interest-free period | Up to 42 days | Up to 42 days |
| Additional employee cards | Free, unlimited | Free, unlimited |
| Xero / QuickBooks integration | ✓ | ✓ |
| Virtual card available | ✓ (instant) | ✓ (instant) |
| Customer support | Standard | Priority |
| Spending analytics | Basic | Advanced |
✓ Pros of Capital on Tap for UK Contractors
1% uncapped cashback
Every pound spent on the card earns 1% cashback with no monthly or annual cap. For contractors with significant business expenses, this adds up quickly.
No annual fee on standard card
The standard Capital on Tap card has no joining fee and no annual fee, making it genuinely free to hold and use.
Instant decision
Capital on Tap provides an instant credit decision in most cases. You can have a virtual card number to use immediately upon approval.
£1,000–£250,000 credit limits
The wide credit limit range means the card can grow with your business, from a new contractor PSC to an established agency.
Free employee cards
Issue unlimited additional cards to employees or fellow directors at no extra cost, each with their own spending controls.
Avios transfer at 1:1
Points can be transferred to British Airways Avios at a 1:1 ratio, potentially offering significantly more value than cashback for frequent flyers.
Xero and QuickBooks integration
Automatic transaction sync to your accounting software saves time and reduces the risk of missed deductions.
✗ Cons of Capital on Tap for UK Contractors
- ✗
Limited companies only
Capital on Tap is not available to sole traders or partnerships. If you are not operating through a limited company, you cannot apply.
- ✗
Minimum 6 months trading history
Newly incorporated companies with less than 6 months of trading history are unlikely to be approved. Consider Tide as an alternative while you build your trading history.
- ✗
Hard credit search on application
A full application triggers a hard credit search, which will appear on your personal and business credit files. Check your eligibility with the soft search first.
- ✗
Interest if balance not cleared
Like all credit cards, interest is charged on any balance not paid in full by the due date. The representative APR is variable — check the current rate before applying.
- ✗
Pro plan required for 1.5% cashback
The enhanced 1.5% cashback rate requires the £99/year Pro plan. The standard 1% rate is still competitive but not the highest available.
- ✗
No physical branch access
Capital on Tap is a digital-only product. All account management is done through the app or web dashboard.
Capital on Tap vs Other Business Credit Cards for Contractors
There are several business credit cards available to UK limited company contractors. Here is how Capital on Tap compares to the main alternatives.
| Feature | Capital on Tap | Amex Business Gold | Barclaycard Business | Revolut Business Card |
|---|---|---|---|---|
| Annual fee | None (standard) | £195/year | None | Varies by plan |
| Cashback / rewards | 1% cashback (uncapped) | Points (complex) | None | Varies |
| Welcome bonus | 7,500 pts (£75) SETTINGUP | 20,000 Amex pts | None | None |
| Avios transfer | ✓ 1:1 | ✓ 1:1 (via Amex) | ✗ | ✗ |
| Instant decision | ✓ | ✗ (days) | ✗ (days) | ✓ |
| Sole traders eligible | ✗ | ✓ | ✓ | ✓ |
| Credit limit range | £1k–£250k | Charge card (no limit) | £500–varies | Prepaid (no credit) |
| Xero integration | ✓ | ✓ | ✓ | ✓ |
| Accepted everywhere | ✓ Visa | ✓ Amex (limited) | ✓ Visa | ✓ Visa/Mastercard |
Our verdict: Capital on Tap offers the best combination of no annual fee, instant decision, and meaningful ongoing cashback for UK limited company contractors. The American Express Business Gold card offers more generous rewards but charges £195/year and is not accepted everywhere. Barclaycard and Revolut Business offer no meaningful rewards on the free tier. The SETTINGUP welcome bonus makes Capital on Tap the strongest choice for contractors setting up a new limited company.
Frequently Asked Questions About the Capital on Tap SETTINGUP Code
What is the Capital on Tap promo code?
The Capital on Tap promo code is SETTINGUP. Enter this code when applying for a new Capital on Tap business credit card to receive 7,500 bonus points worth £75 when you complete your first transaction within 30 days of account opening.
Is the Capital on Tap promo code SETTINGUP still valid in 2026?
Yes. As of June 2026, the promo code SETTINGUP is active and verified. We check this page regularly and update it whenever the offer changes. If you click our partner link, the code will be pre-applied to your application.
Can I use Capital on Tap as a sole trader?
No. Capital on Tap is only available to UK registered limited companies. If you are a sole trader, you are not eligible to apply. Consider the Tide business account instead, which is available to sole traders and offers up to £200 free with code REFER200.
How long does it take to receive the 7,500 points?
Capital on Tap typically credits the bonus points within 30–60 days of completing the qualifying transaction. You will receive a notification in your Capital on Tap account dashboard when the points are available to redeem.
Can I transfer Capital on Tap points to Avios?
Yes. Capital on Tap points can be transferred to British Airways Avios at a 1:1 ratio — so 7,500 points become 7,500 Avios. You can also redeem them as cashback at a rate of 1 point = £0.01 (i.e., 7,500 points = £75 cashback credited to your account).
Does Capital on Tap affect my credit score?
Capital on Tap runs a soft credit check when you check your eligibility, which does not affect your credit score. If you proceed with a full application, they run a hard credit search, which will appear on your personal and business credit files. This is standard for any credit card application.
What is the minimum turnover required for Capital on Tap?
Capital on Tap typically requires a minimum annual turnover of around £24,000, though this is not a hard rule — their underwriting takes a holistic view of your business finances. Contractors with a day rate of £300 or more and consistent utilisation will typically meet this threshold easily.
Can I use Capital on Tap alongside Tide?
Yes — and this is a popular combination among UK contractors. Tide provides the business current account for receiving client payments and managing day-to-day banking. Capital on Tap provides a business credit card for controlled company spending with 1% cashback. Using both means you have a bank account with a competitive savings rate for tax reserves, and a credit card that earns cashback on business expenses.
What happens if I do not pay my Capital on Tap balance in full?
If you do not pay your full statement balance by the due date, interest is charged on the outstanding amount at the card's representative APR. Capital on Tap's APR is variable — check the current rate on their website before applying. To maximise the value of the cashback, it is best practice to pay the full balance each month.
Is Capital on Tap FCA regulated?
Yes. Capital on Tap is authorised and regulated by the Financial Conduct Authority (FCA) as a credit broker and lender. The business credit card is issued by WebBank, a Utah-chartered industrial bank. Capital on Tap is registered in England and Wales.
Ready to claim your 7,500 points?
Apply for Capital on Tap using promo code SETTINGUP and start earning 1% cashback on every business purchase from day one.
Apply for Capital on Tap
Also worth considering
Many contractors use both Capital on Tap (credit card) and Tide (bank account) together. Get up to £200 free cash with Tide referral code REFER200.
Tide REFER200 offerAffiliate disclosure
ContractorCalcs earns a commission when you apply for Capital on Tap using our promo code or partner link. This does not affect the bonus you receive — you still get the full 7,500 points. We only recommend products we believe are genuinely useful for UK contractors. Always read the provider's latest terms and conditions before applying, as offer details may change.