Capital on Tap
UK business credit card with a revolving credit line up to £250k, run by New Wave Capital Limited (incorporated 2012). FCA-authorised for consumer credit and, separately, as an e-money issuer. Features include unlimited 1% cashback on card spend, an application that Capital on Tap says doesn't affect your credit score, and a decision in 2 minutes.
Quick verdict
- Product: Business credit card with revolving credit line.
- Ticket band: Up to £250k credit limit.
- Pricing: From 13.86% APR (variable); no interest on card spend if the balance is cleared in full.
- Capital on Tap says it uses a soft search at quote stage, which other lenders cannot see on your credit file.
At a glance
Capital on Tap, at a glance
- Legal entity
- New Wave Capital Limited
- Companies House
- 07959823
- Founded
- 2012
- Product
- Business credit card with revolving credit line
- Ticket range
- Up to £250k credit limit
- Decision time
- Decision in 2 minutes (Capital on Tap's own figure)
- Ltd-only
- No, the lender also accepts other structures
Where Capital on Tap is strong
- Applying won't affect your credit score and the decision comes back in minutes, per Capital on Tap's own site (checked 23 September 2026).
- No interest if statement balance is cleared in full each month.
- Unlimited 1% cashback on card spend, redeemable for cash, Avios, gift cards or against the balance (Capital on Tap's published terms).
Watch-outs, and when another lender may suit better
- 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
- 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, ask the lender for the reason in writing. Some alternatives are named in the watch-outs section above. See also our guide to why lenders decline, by reason.
Other lenders we list
- 365 Business Finance, Merchant cash advance (revenue-based finance)
- Aldermore, Asset finance, invoice finance, commercial mortgages
- Allica Bank, SME term loan, asset finance + 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.
FAQ
What can I borrow through Capital on Tap?
Capital on Tap offers business credit card with revolving credit line. Ticket range: Up to £250k credit limit. Typical rate: From 13.86% APR (variable); no interest on card spend if the balance is cleared in full.
How long does Capital on Tap take to decide?
Decision in 2 minutes (Capital on Tap's own figure) Capital on Tap says checking eligibility uses a soft search, so it does not affect your credit score.
Who is Capital on Tap the best fit for?
First on the list: Cash-flow cards on monthly cycle. The full list is under Best fit applicants above.
When might another lender suit better than Capital on Tap?
First on the list: Long-tenor capex finance. The other cases are under Where Capital on Tap is the wrong fit above.
Send an enquiry
Tell us what you need in 2 minutes. FundBiz is not a lender and does not run a credit check. We pass your enquiry to a business finance broker, who will contact you about your options. For limited companies, LLPs and partnerships with four or more partners.
Send an enquiry →Official site: Capital on Tap
Last updated: . By Adam Parker. FundBiz is owned and operated by Best Business Loans Ltd, directed by Oliver Mackman.