Can I have both Capital On Tap and Amex Business Gold?

Yes — many UK Limited Companies hold both. Use Capital On Tap as the default Visa for daily spend and FX, and Amex Business Gold for travel categories where the Membership Rewards earn rate beats 1% cashback (premium-cabin flights, partner hotels).

Does Amex Business Gold give 0% FX like Capital On Tap?

No. Amex charges a 2.99% non-sterling transaction fee on every overseas spend, while Capital On Tap charges 0%. For a business with £20,000/yr USD/EUR spend that's £600/year saved by using Capital On Tap.

Is the Capital On Tap £75 bonus better than Amex's welcome offer?

Capital On Tap's 7,500-point bonus (worth £75 cashback or 7,500 Avios) requires only one card transaction — typically a £1 software subscription. Amex's welcome bonus requires £3,000-£6,000 spend in 90 days. For most small businesses, Capital On Tap's bonus is faster and more accessible.

Independent comparison · May 2026

Capital On Tap vs Amex Business Gold (2026)

American Express Business Gold is the long-time premium choice for UK SMEs that travel, want Membership Rewards points, and don't mind a £125 annual fee (waived first year). Capital On Tap targets the same audience but with a free card, instant approval, and a referral bonus. Here's the honest comparison.

Side-by-side specification

	Capital On Tap	Amex Business Gold
Annual fee	£0 (Business) / £99 (Rewards)	£125 (waived in year 1)
Rewards	1 point per £1 (= 1% cashback or 1 Avios 1:1)	1 Membership Rewards point per £1 (~1-2% value depending on redemption)
Foreign-exchange fee	0% FX fees worldwide	2.99% non-sterling fee
Credit limit	Up to £250,000	No preset spending limit (charge card)
Eligibility	UK Ltd / LLP / PLC, £24k+/yr turnover, no unsatisfied CCJs (last 12 months). Sole traders not eligible. No published minimum trading-period rule.	Limited Company, sole trader, partnership; min income / turnover varies
Representative APR	34.65% representative variable	Charge card — must pay in full each month
Application	~2 minutes, soft credit check first	5-10 minutes, hard credit check
Card type	Visa Business credit card	Amex charge card (~70% UK acceptance)

Where Capital On Tap wins

✓ Free vs £125/year — saves £125 instantly
✓ Visa is accepted everywhere; Amex is rejected by ~30% of UK SMEs
✓ 0% FX vs Amex's 2.99% — saves ~£150 on every £5,000 of EUR/USD spend
✓ £75 welcome bonus with code 2REFY893A52 vs Amex's points-only welcome (variable)
✓ Revolving credit line up to £250k vs Amex charge-card (must pay in full)
✓ Faster decision (2 min soft check) vs Amex's hard credit search

Where Amex Business Gold wins

✓ Membership Rewards points transfer to 13+ airline & hotel programmes — better for premium-cabin redemptions
✓ Stronger purchase protection and refund protection
✓ Free supplementary cards + dedicated travel insurance bolt-ons
✓ Better airline lounge & hotel status partnerships
✓ Charge card → no APR risk if you pay in full

Who should pick which

Pick Capital On Tap if

You spend mostly in the UK / on Visa-accepted merchants, want a no-fee card with a welcome bonus, occasionally need to carry a balance, and value 0% FX over premium travel perks.

Pick Amex Business Gold if

You fly business class internationally 4+ times a year, can confidently pay your balance in full every month, value Membership Rewards transfers, and spend enough to justify £125/year.

FAQs: Capital On Tap vs Amex Business Gold

Can I have both Capital On Tap and Amex Business Gold?: Yes — many UK Limited Companies hold both. Use Capital On Tap as the default Visa for daily spend and FX, and Amex Business Gold for travel categories where the Membership Rewards earn rate beats 1% cashback (premium-cabin flights, partner hotels).
Does Amex Business Gold give 0% FX like Capital On Tap?: No. Amex charges a 2.99% non-sterling transaction fee on every overseas spend, while Capital On Tap charges 0%. For a business with £20,000/yr USD/EUR spend that's £600/year saved by using Capital On Tap.
Is the Capital On Tap £75 bonus better than Amex's welcome offer?: Capital On Tap's 7,500-point bonus (worth £75 cashback or 7,500 Avios) requires only one card transaction — typically a £1 software subscription. Amex's welcome bonus requires £3,000-£6,000 spend in 90 days. For most small businesses, Capital On Tap's bonus is faster and more accessible.