Does Lloyds give Avios like Capital On Tap?

Only on the premium Lloyds Business Avios card (with annual fee). Capital On Tap's free card lets you redeem each point as 0.8 Avios without an annual card fee.

Independent comparison · August 2026

Capital On Tap vs Lloyds Business Credit Card (2026)

Lloyds offers a business credit card tied to Lloyds business banking. Capital On Tap is the independent fintech alternative. Honest comparison for UK Limited Companies.

Side-by-side specification

	Capital On Tap	Lloyds Business
Annual fee	£0 (Business) / £99 (Rewards)	£32/year per card
Rewards	1 point per £1 (= 1% cashback or 1 Avios 1:1)	Limited cashback / Avios on premium tier
Foreign-exchange fee	0% FX fees worldwide	2.95% non-sterling fee
Credit limit	Up to £250,000	Subject to assessment
Eligibility	UK Ltd / LLP / PLC, £24k+/yr turnover, no unsatisfied CCJs (last 12 months). Sole traders not eligible. No published minimum trading-period rule.	Lloyds business customer typically
Representative APR	34.65% representative variable	~22.4% representative variable
Application	~2 minutes, soft credit check first	Online or branch, hard credit check
Card type	Visa Business credit card	MasterCard Business

Where Capital On Tap wins

✓ No annual fee (Lloyds charges ~£32/card/year)
✓ 1% cashback on all spend
✓ 0% FX vs Lloyds' 2.95%
✓ £75 welcome bonus with code 2REFY893A52
✓ Independent of any bank
✓ Soft search before commitment

Where Lloyds Business wins

✓ Lower APR if you carry a balance
✓ Integrated with Lloyds business banking
✓ Premium tier offers Avios earn

Who should pick which

Pick Capital On Tap if

You want a free card with rewards and 0% FX.

Pick Lloyds Business if

You bank with Lloyds and prefer one provider for everything.

FAQs: Capital On Tap vs Lloyds Business

Does Lloyds give Avios like Capital On Tap?: Only on the premium Lloyds Business Avios card (with annual fee). Capital On Tap's free card lets you redeem each point as 0.8 Avios without an annual card fee.