Capital on Tap Business Credit Card
Rates and fees
Intro APR
N/A
Purchase APR
17.49% - 57.49% variable
Annual Fee
$0
Foreign Transaction Fee
N/A
Rewards Rate
1.5% unlimited cashback.
Welcome Offer
NA
Details
- Credit limits ranging from $1,000 up to $50,000
- Unlimited 1.5% cashback with no annual fee
- Response within 2 business days and receive your card within 4 business days of approval
- Unlimited supplementary cards
- Separate your business and personal expenses
- Supported over 125,000 businesses in Europe and the US
- No FX or ATM fees
- Spend management tools to monitor employee cards
- Personal guarantee required
- APRs ranging from 17.49% - 57.49% variable based on credit profile
- Capital on Tap Business Credit Cards are issued by WebBank
Nav's Verdict
Bottom line: A starter business credit card, immediate virtual card on approval.
What Is the Capital on Tap Business Credit Card?
The /dynaCapital on Tap Business Credit Card is designed for small businesses. It offers 1.5% unlimited cashback.This makes it a highly competitive cash back reward card for small businesses.
This card offers a $0 annual fee. There are no FX (foreign transaction), ATM or or hidden fees and you can avoid interest by paying your balance in full each month. If you carry a balance, your interest rate will be between 17.49% - 57.49% variable depending on your business profile.
Your small business should have at least three months in business and annual revenues of $30,000 before applying. You (the business owner) and the business must be based in the U.S. and you must be the active director of the company or majority shareholder with at least 25% ownership. (There is a Capital on Tap Business Credit Card available for UK businesses.)
How Does the Capital on Tap Business Credit Card work?
The Capital on Tap Business Credit Card may be used anywhere Visa is accepted. You can also issue unlimited employee cards, and set spending controls on those cards.
Benefits of the Capital on Tap Business Credit Card
There are a number of benefits to the Capital on Tap Business Credit Card as a tool for business purchases and, when needed, business funding:
- The application process is fast and simple and will have no impact on your personal credit score. As with most small business credit cards, a personal guarantee is required. As with most small business credit cards, a personal guarantee is required.
- For small business owners who want to use a credit card as a cash flow management tool or alternative to a small business loan, this card allows you to make smaller payments or even minimum payments (interest will be charged), or you can pay in full to avoid interest charges.
- There are no foreign transaction fees (FX fees) or ATM fees. (If you use the card to access cash from your credit line, interest will be charged however.)
- Earn points on your credit card spending that can be redeemed for cash back, or credited to your account balance instantly as a credit.
- Integrate with various accounting software programs, making it easy to manage your business expenses. (At Nav, we recommend business owners use business accounts— including business bank accounts and business credit cards— for business transactions.)
- Accounts will be reviewed regularly for interest rate reductions and credit line increases for those who qualify.
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