Capital on Tap: A Game-Changer for UK Small Businesses
In the competitive landscape of the UK business sector, having access to flexible financing options can make all the difference for small businesses looking to scale, improve cash flow, and streamline operations. One such option that has been gaining popularity among UK-based small businesses is the Capital on Tap business credit card. With its low-interest rates, high credit limits, and uncapped cashback rewards, the Capital on Tap card has become the go-to choice for over 200,000 small business owners in the UK.
Benefits of UK Business Credit Cards
UK business credit cards offer a range of benefits for companies, including the ability to borrow flexibly for scaling operations, improving cash flow, and enhancing transaction visibility. These cards also allow businesses to issue cards to employees, making it easier to track and manage business expenses. Additionally, many UK lenders offer business credit cards at low rates with high credit limits, subject to meeting eligibility criteria and credit score requirements.
One of the key advantages of using a business credit card is the ability to bundle reward points from company-wide purchases for cash. This can provide businesses with additional funds to reinvest in their operations or reward their employees for their hard work. By making on-time repayments on their business credit card, companies can also boost their credit scores, making it easier to secure larger loans in the future at lower interest rates.
Capital on Tap: A Popular Choice Among UK Small Business Owners
The Capital on Tap business credit card has emerged as a popular choice among UK small business owners, with over 200,000 businesses collectively spending £10 billion on business expenses using this card. To be eligible for the Capital on Tap card, owners of UK-based private limited companies or limited liability partnerships must generate a monthly revenue of at least £2,000.
One of the standout features of the Capital on Tap card is its high credit limits, which can go as high as £250,000. Moreover, the card offers competitive APRs, starting at 15.22%, significantly lower than the average UK July APR of 35.49%. However, the final interest rate and credit limit may vary based on the applicant’s credit score and loan repayment track record.
Cardholders of the Capital on Tap business credit card also enjoy a range of benefits, including zero annual fees, forex/ATM charges, and a 42-day interest-free period. This allows businesses to avoid interest accrual if they repay the entire outstanding debt within this period, starting from the day of purchase.
Uncapped Cashback Rewards and Expense Management Support
One of the most attractive features of the Capital on Tap business credit card is its uncapped cashback rewards program. Cardholders can issue unlimited employee virtual business credit cards at no cost and earn 1% cashback on all business spending with these corporate cards. This can be a significant saving for businesses that have a high volume of transactions and expenses.
Employees can use the Capital on Tap cards to pay for various business expenses, such as travel, office supplies, and advertising, earning 1 point for every pound spent. Businesses can then redeem these points for cash or gift cards, or use them to repay the outstanding balance on their credit card. This can help businesses reduce their overall expenses and improve their cash flow.
Furthermore, Capital on Tap offers cutting-edge expense management support, integrating seamlessly with leading accounting software like Sage and Xero. This enables businesses to automatically import credit card transaction details to their company ledger, categorically segregating the entries for easy tracking and monitoring. The lender’s online platform also provides an easy receipt upload mechanism and real-time notification alerts for transaction-related developments, helping businesses stay organized and on top of their finances.
Customer Support and Product Safety
Capital on Tap prides itself on offering 24/7 UK-based customer support via phone, chat, or email. The company claims to connect users with their dedicated support team in under 10 seconds, ensuring prompt assistance for any queries or issues that may arise. Customers can reach out to the support team to dispute transactions, update user details, or learn more about the card’s features and benefits.
In terms of product safety, the Capital on Tap business credit card is protected by Visa’s Zero Liability Policy, safeguarding cardholders from any liabilities surrounding unauthorized transactions on their credit card account. This policy ensures that the card issuer compensates the cardholder within a week for any money lost due to unauthorized payments, providing added peace of mind and security for businesses using the Capital on Tap card.
Conclusion
In conclusion, the Capital on Tap business credit card offers a range of benefits for UK small businesses, including low-interest rates, high credit limits, uncapped cashback rewards, and cutting-edge expense management support. With its user-friendly features, competitive APRs, and dedicated customer support, the Capital on Tap card has become a game-changer for small businesses looking to optimize their finances and streamline their operations. By leveraging the benefits of the Capital on Tap card, UK small businesses can access the funding they need to grow and succeed in today’s competitive business environment.