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The following post was sponsored by our partner Capital on Tap. The opinions in the story are our own and may not reflect the views of Capital on Tap. Learn more about our editorial policy.
If you run a small business with at least $2,500 in monthly income, you might consider getting a business card from Capital on Tap. This credit card issuer, designed specifically for small businesses, has been around since 2012. The Capital on Tap business credit card offers unlimited 1.5% cash back, no foreign exchange fees, and unlimited corporate cards to share with your employees, among other benefits. .
How does Capital on Tap work?
The Capital on Tap card works just like many other credit cards.
1. Online application
You can apply for a card on the Capital on Tap website by filling out a simple online application. The online form will take less than two minutes to complete and will not affect your credit score.
2. Client portal
Once you are approved, you will have immediate access to your online customer portal. You can view all your and your employees’ expenses in your online portal and set individual spending limits for individual cards.
3. Wait for your card
Your physical card will be with you within four days of being approved. Your overall credit limit will be determined by your individual credit profile with potential credit limits up to $50,000.
4. Use your card
Once you receive a Capital on Tap card, you can start spending it on your business expenses. You can use it anywhere Visa is accepted and then get 1.5% Cashback on your purchases.
5. Use rewards
You can now view your rewards through your online portal and use them to cover your total balance. You can use points as a credit statement (1 cent per point) or take advantage of time-limited offers to redeem points for third-party goods or services.
6. Enjoy convenience
You can also pay your bills on the online portal either with auto pay or with a debit card. And remember, the Capital on Tap Business credit card comes with no annual fee, and you can also add an unlimited number of employee cards for free.
Am I eligible for a Capital on Tap Business credit card?
Capital on Tap states that the Capital on Tap Business Credit Card is for small businesses that:
- Based in the USA and working for more than six months.
- Earn at least $2,500 per month
- Earn mainly on the sale of goods and / or the provision of services
Self-employed individuals, charities, nonprofits, trusts, and other non-registered organizations are not currently eligible for a Capital on Tap card.
To apply for a Capital on Tap Business credit card, you must be an active director of your company or a majority shareholder with a 25% interest or more. The Capital on Tap Business credit card is open to any industry and all states in the United States and is generally reserved for businesses with less than $2 million in revenue and fewer than 20 employees.
As with most small business credit cards, your personal credit score will play a role in determining your credit limit. The highest quality applicants are more likely to receive the highest credit limits. Your account is reviewed periodically to determine if you qualify for a higher credit limit and/or lower interest rate. Your repayment history and credit profile are automatically checked to determine if a higher credit limit or lower interest rate is appropriate.
pros
Here are some pros of the Capital on Tap card:
- Unlimited 1.5% cashback on all purchases
- No annual fee
- Get $200 cashback after spending $15,000 within the first 3 months.
- Unlimited cards for your employees
- The card allows you to separate business and personal expenses.
- No fees for foreign transactions
Minuses
Here are some cons of the Capital on Tap Business credit card:
Other Reasons to Get a Capital on Tap Credit Card
Excellent customer service with the ability to communicate with live agents is the factor that makes the Capital on Tap Business credit card stand out. You will always be in touch with a real person, not a robot or a recorded message. In addition, the average wait time to speak with a customer service agent is less than 10 seconds.
In addition to cashback, you can also qualify for an initial welcome bonus when you apply for a Capital on Tap Business credit card. If you spend at least $15,000 on purchases within the first three months of using the card, you will receive an additional $200 cashback.
bottom line
The Capital on Tap Business Credit Card is a small business credit card with a simple reward structure. No need to activate quarterly bonus categories or worry about which card to use where. What’s more, the app is fast and won’t affect your credit score. Once approved, a simple online portal allows you to manage limits on your employee cards, view expenses, pay bills, and earn rewards.
If you’re looking for a small business credit card to split your personal and business expenses, you may want to consider the Capital on Tap Business credit card.
Editorial disclaimer
The editorial content on this page is based solely on the objective judgment of our contributors and is not based on advertising. It was not provided or ordered by credit card issuers. However, we may receive compensation when you click on links to our partners’ products.