Can I apply to Capital On Tap if I bank with NatWest?

Yes — Capital On Tap is independent of any UK bank. Your business bank account just needs to be UK-based for Direct Debit.

Does NatWest pay cashback?

Not on the standard business credit card. The NatWest Business Reward card has limited cashback. Capital On Tap's flat 1% across all spend is simpler and typically more valuable.

Independent comparison · May 2026

Capital On Tap vs NatWest Business Credit Card (2026)

NatWest's business credit card is bundled with its business banking — solid but no rewards on the standard card. Capital On Tap is the rewards-first challenger. Side-by-side comparison for UK SMEs.

Side-by-side specification

	Capital On Tap	NatWest Business
Annual fee	£0 (Business) / £99 (Rewards)	£30/year typically
Rewards	1 point per £1 (= 1% cashback or 1 Avios 1:1)	No cashback on standard card
Foreign-exchange fee	0% FX fees worldwide	2.99% 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.	NatWest business customer typically
Representative APR	34.65% representative variable	~26.5% 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 (NatWest charges ~£30/year)
✓ 1% cashback on every transaction
✓ 0% FX vs NatWest's 2.99%
✓ £75 welcome bonus with code 2REFY893A52
✓ No banking relationship required
✓ Faster decision (soft check)

Where NatWest Business wins

✓ Lower APR if you carry a balance
✓ Integrated with NatWest business banking
✓ Branch access for support

Who should pick which

Pick Capital On Tap if

You want cashback, 0% FX and no annual fee — and don't need NatWest's banking ecosystem.

Pick NatWest Business if

You're already a NatWest business customer with strong banking integration needs.

FAQs: Capital On Tap vs NatWest Business

Can I apply to Capital On Tap if I bank with NatWest?: Yes — Capital On Tap is independent of any UK bank. Your business bank account just needs to be UK-based for Direct Debit.
Does NatWest pay cashback?: Not on the standard business credit card. The NatWest Business Reward card has limited cashback. Capital On Tap's flat 1% across all spend is simpler and typically more valuable.