Capital on Tap
UK business credit card with a revolving credit line up to £250k, launched as a brand in 2012 with the current trading entity incorporated 2015. FCA-authorised for consumer credit and e-money. The closest equivalent in the UK to a US-style business charge card: 1% cashback, soft-search at quote, instant decision.
Quick routing verdict
- Product: Business credit card with revolving credit line.
- Ticket band: Up to £250k credit limit.
- Decision time: 2 minutes to same day.
- Pricing: From 15.5% APR variable on cash; 0% on card spend if cleared in full.
- Soft search at quote stage: no credit-file footprint.
- FCA-authorised.
At a glance
- Legal entity
- New Wave Capital Limited
- Companies House
- 09867706
- Founded
- 2012
- Product
- Business credit card with revolving credit line
- Ticket range
- Up to £250k credit limit
- Decision time
- 2 minutes to same day
- Ltd-only
- Lender accepts other structures, FundBiz routing is Ltd-only
- Last reviewed
- 2026-05-08
Why we route here
- Soft-search application with no credit-file footprint at quote.
- Decisions in around 2 minutes for clean cases.
- No interest if statement balance is cleared in full each month.
- 1% unlimited cashback or Avios collection on card spend.
When we route elsewhere
- Cash-advance APR materially higher than card-spend APR; using it as cash erodes the maths.
- Personal guarantee required from a director.
- Credit limit can be reset down without warning if account behaviour changes.
- Not a substitute for a term loan on multi-year capex.
Best fit applicants
- Cash-flow cards on monthly cycle
- Established Ltd companies and sole traders with clean credit
- Borrowers wanting same-day approval
Where Capital on Tap is the wrong fit
- Long-tenor capex finance
- Borrowers planning to revolve cash advances
- Sub-12-month trading without director credit history
If declined by Capital on Tap
If your application to Capital on Tap is declined, the FundBiz post-decline matcher routes by decline reason. Common alternatives in our panel are listed in the "When we route elsewhere" section above. See also our Capital on Tap decline runbook for sector-specific routing detail.
Other panel lenders
- 365 Business Finance, Merchant cash advance
- Aldermore, Asset finance, invoice finance, commercial mortgages
- Allica Bank, SME term loan + commercial mortgage
- Bizcap, Specialist post-decline / fast cash
How we rate Capital on Tap
This review is FundBiz's own editorial assessment, scored against a published framework. See our methodology for how we rate each lender.
Run the matcher
Tell us your turnover, sector and ticket size. We score against Capital on Tap and the wider FundBiz panel, then surface the lenders most likely to approve. Limited companies, LLPs and partnerships of 4+ only.
Open matcher →Last reviewed: 2026-05-08. By Oliver Mackman.