Capital on Tap promo code: SETTINGUP for 7,500 points

What the Capital on Tap promo code includes

This is a credit-product decision before it is a points decision. The offer may be useful for a planned, repayable business purchase, but it is a poor substitute for a cash reserve or a pricing fix. Start with the repayment date, the rate you could be offered and the cost of carrying a balance; only then decide whether the points matter.

Capital on Tap is a UK business credit card for an eligible active UK Ltd, LLP or PLC business. The applicant must be a UK-resident active director or majority shareholder (25%+), and the applicant and business must have no unsatisfied CCJs in the last 12 months. There is no minimum trading history or turnover requirement; sole traders are not currently eligible. The SETTINGUP offer can add 7,500 points after a qualifying transaction within 30 days of card activation, subject to the current terms. Compare the actual rate, repayment terms and card features rather than treating the points as a reason to borrow.

• 7,500 referral points, worth £75 under the current redemption
• Qualifying transaction within 30 days of card activation
• Official referral terms include card spend or drawing down funds
• 1% cashback on eligible card spending under the current rewards terms
• No annual fee on the Free plan
• Rates from 13.86% APR (variable); actual rate and limit depend on assessment
• Applicant must be an active director or majority shareholder (25%+) residing in the UK
• Business must be an active UK-registered Ltd, LLP or PLC
• Applicant and business must have no unsatisfied CCJs in the last 12 months
• No minimum trading history or turnover requirement
• No visible hard search on the business credit file at application; the business-file hard search happens when the credit agreement is signed

How to use the Capital on Tap promo code SETTINGUP

Using the Capital on Tap promo code is straightforward. Follow these steps to claim the 7,500 reward points:

1. Apply using the referral link, which passes the SETTINGUP code to the application.
2. If approved, activate the card and complete a qualifying transaction within 30 days of activation.
3. The official referral terms include card spend or drawing down funds.
4. You should receive 7,500 points, worth £75 under the current redemption, within one month of the first transaction, provided the account remains open, in good standing and all terms are met.

The link on this page carries the code SETTINGUP automatically, so the promo is applied without typing it. If you have a part-finished application open elsewhere, start again from this link — promo codes generally cannot be added after submission, so you need to include it during the initial application.

Understanding the Capital on Tap promo bonus: 7,500 points

The 7,500 reward points from the Capital on Tap promo code are worth approximately £75. However, it is important to understand how these points work and how they fit into your overall rewards:

How the 7,500 points work

Capital on Tap's reward points can be redeemed for cash, vouchers, or other rewards. The exact value depends on how you choose to redeem them, but 7,500 points is typically worth around £75 in cash value. This is a genuine welcome bonus that sits on top of your ongoing cashback.

Ongoing 1% uncapped cashback

Beyond the welcome bonus, the Capital on Tap card pays 1% cashback on eligible card spending under the current rewards terms. This means:

• Eligible card spending can earn 1% cashback under the current rewards terms
• There is no stated upper limit on cashback under the current Free-plan terms
• Check the provider’s current rewards terms before relying on cashback in a forecast
• Cashback should not be treated as a reason to borrow or carry a balance

Who qualifies for the Capital on Tap promo code?

The Capital on Tap promo code SETTINGUP is available to UK businesses that meet these criteria:

Limited companies

The applicant must be an active director or majority shareholder (25%+) of the company and reside in the UK. The business must be a private limited company (Ltd), limited liability partnership (LLP) or public limited company (PLC) registered in the UK, and must be listed as active on Companies House. The applicant and business must have no unsatisfied CCJs in the last 12 months. There is no minimum trading history, so businesses of any age can apply, and there is no minimum turnover requirement. Capital on Tap may request further information during assessment.

Check the current eligibility criteria

Eligibility rules can change. Capital on Tap’s current product page sets out the business structures, company status and applicant requirements it accepts. Check Capital on Tap’s current eligibility criteria rather than relying on a generic rule of thumb.

Credit assessment requirement

Unlike the Tide referral code which requires no credit check, the Capital on Tap promo code does require a credit assessment. However, applying no longer triggers a visible, hard search on the business credit file. This means:

• A standard soft search on the personal file is run at application; it has no impact on your personal credit score and is not visible to other lenders
• There is no visible, hard search on the business file at the point of application
• The business-file hard search happens later, only when you sign the credit agreement
• The business-file search can then be visible to other lenders
• A personal guarantee may apply, and missed payments or default can affect credit

This change removes a potential reason for an eligible business not to apply: the business-file hard search is no longer performed at the application stage. The later search still matters, so review the agreement and the provider’s current terms before signing.

When a business credit card helps — and when it does not

A business credit card can be genuinely useful for cash flow management, but it is important to understand when it helps and when it becomes a problem.

When a business credit card is helpful

A Capital on Tap card works well when:

• Timing gaps: You buy materials, subcontract work, or cover software in the weeks before a client pays, then clear the balance when the invoice lands
• Predictable cash flow: You know when money is coming in and can plan to clear the balance
• Occasional needs: You need short-term credit for specific expenses, not ongoing working capital
• Cashback value: You spend enough to make the 1% uncapped cashback worthwhile

When a business credit card becomes a problem

A Capital on Tap card can become problematic when:

• Underlying pricing problem: You are using credit to cover a gap that should be solved by raising your prices
• Chronic cash flow issues: You are regularly carrying a balance because you do not have enough income
• Hiding the real problem: Credit masks a business model that is not sustainable
• Interest costs: You are paying interest on balances, which significantly reduces profitability

Understand the borrowing cost before using the card

A 7,500-point offer and the Free plan’s no annual fee do not make borrowing free. The current referral landing page advertises rates from 13.86% APR (variable) and up to 42 days interest-free on card spending; your actual rate, credit limit and terms depend on the provider’s assessment.

Capital on Tap's current public product page advertises no annual, foreign-exchange or ATM fees on the business credit card. Interest and any other charges depend on the credit agreement and how the account is used. Check the provider’s current rates, fees and agreement before applying; do not assume the starting APR will be the rate offered to you.

Checking the underlying numbers before using credit

Before you rely on a business credit card, check the underlying numbers. If a single client's payment habits decide whether you can pay your own bills, the client dependency calculator will show how exposed you are. If the gap keeps recurring, the answer is usually pricing rather than borrowing — the sustainable pricing calculator gives you the minimum rate that covers your real costs, and Money and Stability covers reserves and payment terms in more depth.

Capital on Tap promo code: frequently asked questions

Compare Capital on Tap with named business-card alternatives

Compare the actual rate, repayment structure, annual fee, acceptance and reward terms for your expected spending. A comparison should make the borrowing cost more visible, not encourage borrowing for its own sake.

Should you apply for the Capital on Tap promo code?

Consider applying only if:

• You meet the provider’s current incorporated-company eligibility criteria
• You have planned business spending and a credible repayment plan
• You can review and accept the rate, credit agreement and any personal guarantee
• You understand that the benefit does not remove the cost or risk of borrowing

Do not treat this as a substitute for a reserve or a sustainable cash-flow plan if:

• You are a sole trader or otherwise do not meet the provider’s current criteria
• You need long-term credit to cover a recurring gap
• Your business has cash-flow problems better solved with pricing, payment terms or costs
• You cannot confidently meet repayments under the offered agreement