Closing the account will be reported to commercial credit bureaus as 'closed at customer request' — neutral for your business credit profile. If you want to keep the option open without using it, leave the account open and dormant; there is no inactivity fee on the standard no-fee card.
Quick reference
Question
Can I cancel Capital On Tap anytime?
At a glance
Yes.
Topic area
Account features
Sources to check
For current product details and terms, check the issuer directly:
Tap on Deals