Does Capital On Tap require a personal guarantee?

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Afshin · Accepted Answer

Yes. Capital On Tap requires a personal guarantee from a director or major shareholder on every account — it is a mandatory part of the agreement and there is no guarantee-free version of the card. A personal guarantee means a named director becomes personally liable for unpaid balances if the company defaults. This is standard across UK business credit cards because they are unsecured. You read and agree to the guarantee during the application, before you accept the offer. In normal use — paying your balance each month — the guarantee never comes into play; it only matters if the business cannot repay what it owes. Note it is an 'all monies' guarantee, so your liability tracks the credit limit over time.

Does Capital On Tap require a personal guarantee?

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