Reviews
Capital On Tap Business Rewards Card (£99/yr): Is It Worth It in 2026?
By Afshin · · 6 min read
Capital On Tap offers two products: the free Business Credit Card (1 point per £1 spent) and the Business Rewards Card (£99/year, 1.5 points per £1). The maths is simple but the answer depends on annual spend and how you redeem the points. Here's the 2026 breakdown.
What you get for £99/year
Compared to the free Capital On Tap Business Credit Card, the Business Rewards Card adds:
- 1.5 points per £1 spent (vs 1 point on the free card) — a 50% earn rate uplift
- Lower representative APR — 30.94% variable (vs 35.4% on the free card)
- Worldwide travel insurance (terms apply)
- Higher Avios transfer ceilings on bulk transfers
- Same £0 FX fees on EUR/USD, same up-to-£250k credit limit, same Xero/Sage integrations
The break-even maths
The extra 0.5 points per £1 is the only meaningful earning difference. To recover the £99 fee in cashback alone, you need 9,900 extra points — which means £19,800 of additional spend (£19,800 × 0.5 = 9,900). So:
- Spending £19,800/year on the card → break-even on cashback redemption
- Spending £30,000/year → roughly £51 net annual benefit on cashback
- Spending £50,000/year → roughly £151 net annual benefit on cashback
- Spending £100,000/year → roughly £401 net annual benefit on cashback
If you redeem as Avios, the break-even drops
If you transfer points to Avios at British Airways and redeem on Club Europe or Club World flights (typical value 2p–3p per Avios), the extra 0.5 points per £1 are worth more. At 2p per Avios, the break-even drops to £9,900/year of spend. At 3p per Avios, break-even drops to £6,600/year.
Who should choose the Rewards Card
Five clear scenarios where the £99 fee is a no-brainer:
- You spend more than £20,000/year on a single business credit card
- You're a frequent flyer who redeems Avios in Club Europe or Club World
- You expect to carry a balance occasionally — the lower 30.94% APR vs 35.4% saves more than £99 on a £2,000 balance carried for 6 months
- You travel internationally and would otherwise pay separately for travel insurance
- You hold both cards (you can — just be aware total credit limits are shared)
Who should stay on the free card
Stick with the free Business Credit Card if you spend under £15,000/year on the card, you redeem only as cashback, you don't fly BA, and you always pay your balance in full. The free card's 1% cashback is genuinely free money with zero break-even.
Frequently asked questions
- Is the Capital On Tap Business Rewards Card worth £99 a year?
- Yes if you spend more than £19,800/year on the card and redeem as cashback, or more than ~£10,000/year if you redeem as Avios at 2p+ per point. Below those spends, stick with the free Business Credit Card.
- Can I have both Capital On Tap cards?
- Yes, you can hold both the Business Credit Card and the Business Rewards Card on the same account. The total credit limit is shared between them, but each has its own card numbers, statements and rewards earn rate.
- What is the APR on the Capital On Tap Business Rewards Card?
- The Capital On Tap Business Rewards Card has a representative APR of 30.94% variable, lower than the free Business Credit Card's 35.4% variable. This makes the Rewards Card the better choice if you ever carry a balance.
- Does the Capital On Tap Business Rewards Card include travel insurance?
- Yes. The Business Rewards Card includes worldwide travel insurance. Terms and exclusions apply — check the policy summary in the Capital On Tap app before relying on it for any specific trip.
Ready to apply?
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