Can I use Capital On Tap and FlexiPay together?

Yes. Use Capital On Tap as your primary daily business card; pull out FlexiPay only when you need to split a specific large invoice into 3 instalments.

Does FlexiPay give cashback?

No. FlexiPay gives no rewards or cashback at all. Capital On Tap pays 1 point per £1 (= 1% cashback or 1 Avios). On £50k/yr spend that's £500/yr Capital On Tap pays you that FlexiPay doesn't.

Independent comparison · May 2026

Capital On Tap vs FlexiPay (Funding Circle) (2026)

FlexiPay from Funding Circle is a 'pay-later' business line of credit you use through a Visa debit card. Capital On Tap is a traditional Visa credit card with rewards. They look similar but work very differently.

Side-by-side specification

	Capital On Tap	FlexiPay
Annual fee	£0 (Business) / £99 (Rewards)	£0
Rewards	1 point per £1 (= 1% cashback or 1 Avios 1:1)	No cashback or points
Foreign-exchange fee	0% FX fees worldwide	FX fees apply (varies)
Credit limit	Up to £250,000	Up to £250,000 line of credit
Eligibility	UK Ltd / LLP / PLC, £24k+/yr turnover, no unsatisfied CCJs (last 12 months). Sole traders not eligible. No published minimum trading-period rule.	UK Limited Company, 12+ months trading typically required
Representative APR	34.65% representative variable	Flat fees per transaction (~3% per draw)
Application	~2 minutes, soft credit check first	Online, soft search then hard
Card type	Visa Business credit card	Visa debit (draws from line)

Where Capital On Tap wins

✓ 1% cashback on every transaction (FlexiPay pays nothing)
✓ ~50 days interest-free if statement paid in full (FlexiPay charges per transaction)
✓ £75 welcome bonus with code 2REFY893A52
✓ True credit card — accepted everywhere Visa is
✓ 0% FX fees vs FlexiPay's standard FX charges
✓ No 12-months-trading requirement (Capital On Tap publishes no minimum trading period)

Where FlexiPay wins

✓ Built-in 3-month instalment plan on every transaction — useful for large lumpy spend
✓ Transparent flat per-transaction fee (no APR confusion)
✓ Higher single-transaction limits for big invoice splits

Who should pick which

Pick Capital On Tap if

Your business needs a daily card with rewards, FX-free spending, and a welcome bonus — i.e. 90% of UK Ltd companies.

Pick FlexiPay if

You occasionally face specific large invoices (£5k+ kit, big VAT bill) you want to spread over 3 months with predictable fees.

FAQs: Capital On Tap vs FlexiPay

Can I use Capital On Tap and FlexiPay together?: Yes. Use Capital On Tap as your primary daily business card; pull out FlexiPay only when you need to split a specific large invoice into 3 instalments.
Does FlexiPay give cashback?: No. FlexiPay gives no rewards or cashback at all. Capital On Tap pays 1 point per £1 (= 1% cashback or 1 Avios). On £50k/yr spend that's £500/yr Capital On Tap pays you that FlexiPay doesn't.