Capital on Tap Business Credit Card
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The Capital on Tap Business Credit Card is for certain small business owners. To apply for the card, your business revenue must be at least $30,000 a year, be based in the U.S., and be an active director of the company or majority shareholder of 25%+ ownership. Sole proprietors, charities or non-profits, trusts, or clubs may not apply. If you meet the criteria, you can be eligible for a credit limit as high as $50,000. And you can get credit cards for your entire staff at no extra charge.
There are many downsides to this card. You get a welcome bonus, but it’s small, and you have to spend 15,000 in the first three months to qualify. Also, the APR is astronomically high, up to 35.99%. Many business cards offer better bonuses and lower rates. If you don’t carry a balance and need a high credit limit and multiple employee cards, this card might work for you. We dive into the details and your approval odds in this Capital on Tap review.
Our Rating
3.5/5.0
Welcome Offer
$200
Annual Fee
$0
0% on Purchases
N/a
Reward Rate
1.5% cash back
0% on Balance Transfers
N/a
Welcome Offer
Get $200 back if you spend $15,000 in your first 3 months
Features & Benefits
| Security | EMV Chip Enabled, Zero Liability |
| Contactless Payments | Tap to Pay, Apple Pay, Google Pay |
| Benefits | 24/7 customer service |
| Travel Perks | None |
Rewards
Interest Rates & Fees
| Annual Fee | $0 |
| Foreign Transaction Fee | None |
| Regular APR | 18.49% to 35.99% variable (V) APR |
What Credit Score Is Required to Get the Capital on Tap Business Credit Card
The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use numerous factors in their underwriting process, and these factors can change at any time.
Lowest Approved Credit Score: 710
Average Approved Credit Score: 755
| App Status | Date | Credit Score | Bureau | Credit Limit |
|---|---|---|---|---|
| Approved | 09/14/2022 | Experian | ||
| Approved | 09/03/2023 | Experian | ||
| Denied | 09/14/2022 | Equifax |
Pros & Cons
- Welcome offer
- No annual fee
- No foreign transaction fee
- High APR
- Requires good credit
- Limits on who can apply
What Are the Best Alternatives?
Ink Business Unlimited® Credit Card
Rating
4.6
Rewards Range
1.5%
Annual Fee
$0
The American Express Blue Business Cash™ Card
Rating
4.6
Rewards Range
1% - 2%
Annual Fee
No annual fee
Capital One Spark Cash Select for Excellent Credit
Rating
4.7
Rewards Range
1.5% - 5%
Annual Fee
$0