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 already lets you redeem 1 point = 1 Avios — no fee required.

Independent comparison · May 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 already lets you redeem 1 point = 1 Avios — no fee required.