Can I use Pleo and Capital On Tap together?

Yes — common stack. Capital On Tap as the founder's main credit card (rewards, big-ticket spend, FX, welcome bonus), Pleo for the team's day-to-day expenses with auto-bookkeeping.

Does Pleo charge FX like Capital On Tap?

Pleo charges 1.99% on non-sterling transactions. Capital On Tap charges 0%. On £20k/yr of EUR/USD spend that's £398/yr difference.

Independent comparison · May 2026

Capital On Tap vs Pleo (2026)

Pleo is a Danish expense-management platform popular with UK tech startups — pre-loaded Mastercards for employees with auto-categorisation and receipt capture. Capital On Tap is a UK business credit card with rewards.

Side-by-side specification

	Capital On Tap	Pleo
Annual fee	£0 (Business) / £99 (Rewards)	From €0 (Starter) up to €99/user/month (Plus)
Rewards	1 point per £1 (= 1% cashback or 1 Avios 1:1)	No cashback
Foreign-exchange fee	0% FX fees worldwide	1.99% non-sterling fee
Credit limit	Up to £250,000	Prepaid; credit available on higher tiers
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 / EU businesses
Representative APR	34.65% representative variable	Varies on credit tier
Application	~2 minutes, soft credit check first	Online, business verification
Card type	Visa Business credit card	Mastercard (prepaid + optional credit)

Where Capital On Tap wins

✓ 1% cashback on every transaction
✓ 0% FX (Pleo charges 1.99%)
✓ £75 welcome bonus with code 2REFY893A52
✓ No subscription fee on the card itself
✓ True revolving credit (Capital On Tap doesn't require prefunding)
✓ Higher credit limits

Where Pleo wins

✓ Industry-leading receipt capture and auto-matching
✓ Xero / QuickBooks integration built in
✓ Per-employee budget controls and approvals
✓ Spend categorisation done automatically

Who should pick which

Pick Capital On Tap if

You want a credit card with rewards and don't need granular per-employee spend management.

Pick Pleo if

You have 5+ employees making regular expense claims and want every receipt auto-captured and posted to your accounting software.

FAQs: Capital On Tap vs Pleo

Can I use Pleo and Capital On Tap together?: Yes — common stack. Capital On Tap as the founder's main credit card (rewards, big-ticket spend, FX, welcome bonus), Pleo for the team's day-to-day expenses with auto-bookkeeping.
Does Pleo charge FX like Capital On Tap?: Pleo charges 1.99% on non-sterling transactions. Capital On Tap charges 0%. On £20k/yr of EUR/USD spend that's £398/yr difference.