Capital on Tap Customer Reviews

How does Capital on Tap work?

When a business applies, Capital on Tap assesses its creditworthiness, turnover, trading history, business structure etc., and decides a credit limit it is willing to offer, which for eligible businesses can be up to £250,000. Once approved, the business gets a credit card (often quick and digital first, then physical). The card can be used to purchase supplies, pay expenses, manage day-to-day outgoing costs.

There is usually an interest-free period (for example up to 56 days) for purchases, after which interest applies to outstanding balances. There are also features like cashback or rewards, depending on the version of the card. Other perks include integration options, relatively straightforward application process, and tools for security (e.g. fraud protection).

The terms are variable depending on the business’s risk, the credit limit, and how much and how often the card is used.

Is Capital on Tap legit

Yes, Capital on Tap appears to be a legitimate company. It is registered in England & Wales, and its business credit card is regulated. It has a strong and generally positive reputation: there are thousands of reviews on Trustpilot with high average ratings, and independent review sites like Forbes and Rangewell have written about its business credit card product, noting its strengths and trade-offs.

There do not appear to be red flags in the basic checks.

Is Capital on Tap safe?

Overall, yes, it offers many of the protections you would expect from a well-established financial service. For example, its credit cards are part of the Visa scheme, which gives “Zero Liability” protection (you’re not responsible for fraudulent or unauthorised transactions) under certain conditions.

There is fraud protection, dispute mechanisms for transactions you didn’t make, virtual cards in some cases, and tools to monitor activity. They also provide guidance on avoiding phishing / scams, verifying communications, and keeping account information secure.

That said, as with any revolving credit / card product, the risk lies in how it’s used: carrying balances, late payments, high interest after grace periods etc. If a business doesn’t manage repayments well, costs can escalate.

Does Capital on Tap do a hard inquiry?

Capital on Tap mostly uses a soft credit check when you apply for their business credit card. That means applying won’t affect your personal credit score initially.

However, they note that a hard inquiry may occur in certain cases—especially if there is a personal guarantee or if further checks are needed during or after the application process.

Does Capital on Tap report to personal credit?

Capital on Tap generally does not report routine business credit activity to your personal credit report—such as regular payments made on time—unless something goes wrong. Late payments, defaults, or other negative behaviour under a personal guarantee can show up on your personal credit report.

Does Capital on Tap require personal guarantee?

Yes, Capital on Tap often requires a personal guarantee from business owners or directors. The card agreement includes a personal guaranty, especially when the business or its credit history does not alone satisfy their risk criteria. Signing a personal guarantee means you agree to be personally liable if the business cannot repay.