Capital on Tap Business Card review: $750 sign-up bonus with no hard inquiry

Jul 2, 2022

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Capital on Tap Business Credit Card overview

The Capital on Tap Business Credit Card is one of the newest no-annual-fee business cards on the block, and it doesn’t require a hard pull on your credit report. And you can currently earn $750 cash back after spending $7,500 on the card in the first three months — an exclusive offer through TPG. Card rating*: ⭐⭐⭐

* Card rating is based on the opinion of TPG’s editors and is not influenced by the card issuer.

Capital on Tap launched in 2021, and it’s all about making it “easy” for business owners by streamlining the eligibility and application process. This is one of the card’s main distinguishing factors — though it also includes a TPG-exclusive welcome offer of $750 cash back when you spend $7,500 in the first three months.

On top of that, you’ll enjoy unlimited 1.5% cash back and benefits such as a car rental collision damage waiver and travel assistance, along with a simple-to-use online portal for managing your account.

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Here’s everything you need to know about the Capital on Tap Business Credit Card.

In This Post

Who should get the Capital on Tap Business Credit Card?

The Capital on Tap card is a fair choice for any small business looking for a general card with a simple earning structure. However, unlike other small-business cards that are available to freelancers and sole proprietors, the Capital on Tap card is only available if the following criteria are met:

  • Your business has been active for at least six months.
  • You have at least $2,500 per month in revenue.
  • You make money mostly from selling goods and/or services.

That said, since the card has no annual fee and conducts a soft pull on your credit report, it can be a great option for businesses looking for a straightforward way to continue growing. The Capital on Tap card does not offer bonus categories but does earn unlimited 1.5% cash back on all purchases, making it ideal for business owners that don’t have focused spending categories — or who don’t want to worry about which card to use where.

Related: How to apply for a business credit card

Sign-up offer worth up to $750 through The Points Guy

(Screenshot from capitalontap.com)

Capital on Tap’s official sign-up bonus is $200 if you spend $15,000 in your first three months after account opening, which is far from the best business card sign-up offer. However, if you apply through TPG with the code “tpg750,” you’re eligible for an elevated sign-up bonus that allows you to earn $750 cash back after spending $7,500 in your first three months after account opening.

Related: My experience applying for the Capital on Tap Business card to earn a $750 welcome bonus

This offer is definitely on the higher end for business cards, especially those with no annual fee. For comparison’s sake, the Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card only offers a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days after account opening. The spending requirement is less than half that of the Capital on Tap card, but many small businesses should be able to meet the spending requirement of $7,500 in three months.

Most applications will receive a response within 48 hours.

Card benefits and perks

While the Capital on Tap card does not offer a lot of perks, there are certain notable benefits to the card. First, its credit limit can be as high as $50,000, which can be a great fit for small businesses looking for a lot of purchasing power. Capital on Tap also provides unlimited additional cards at no extra cost, which allows employees to make purchases on behalf of the company.

The card also incurs no foreign transaction fees, making it a perfect travel card for your small business and employees who need to leave the country. That said, if your small business’ primary expense is travel, there are likely better business cards for you than the Capital on Tap card.

In addition, as a Visa Corporate product, the Capital on Tap card comes with certain benefits built in, including secondary rental collision coverage (not to be confused with primary car rental insurance), travel assistance and more.

How to earn and redeem rewards with Capital on Tap

You can easily travel and redeem your cash-back rewards through your online portal. (Photo by DragonImages/Getty Images)

Ease of use is clearly a theme for Capital on Tap with the simple application process, and this holds true for the card’s earning and redemption structure as well. Eligible purchases earn unlimited 1.5% cash back, and redemptions are earned in the form of a statement credit.

To redeem, navigate to the rewards page of your online portal. Terms and conditions may apply.

Which cards compete with the Capital on Tap Business Credit Card?

There are a number of other no-annual-fee cards geared toward small businesses, so here are some that compete with the Capital on Tap card.

Ink Business Unlimited® Credit Card

Another great no-annual-fee business card is the Ink Business Unlimited Credit Card. Like the Capital on Tap, you earn an unlimited 1.5% cash back on all eligible purchases, making it a great product for businesses without a targeted spending category or to fill in the gaps of non-bonus spending.

In addition, the card offers a perk that the Capital on Tap card does not: a 0% introductory annual percentage rate for the first 12 months after account opening. Businesses looking to make a big purchase could greatly benefit from this introductory offer. However, it’s worth noting that the Ink Business Unlimited does impose foreign transaction fees on purchases made outside the U.S.

The Ink Business Unlimited card offers the same sign-up bonus as the Capital on Tap card: $750 after you spend $7,500 on purchases in the first three months after account opening. However, if you pair the Ink Business Unlimited with a card that earns transferable Ultimate Rewards points — like the Chase Sapphire Preferred Card — you can get even more value.

In order to combine these rewards in a single account (effectively converting them to fully transferable Ultimate Rewards points), the other card must be registered to the owner of the company or a member of your household. But once you combine them, the Ink Business Unlimited’s sign-up bonus jumps to $1,500, based on TPG’s valuations.

Related: The power of the Chase Trifecta: Sapphire Reserve, Ink Preferred and Freedom Unlimited

While there is more potential value in the Ink Business Unlimited, it is subject to the restriction of Chase’s 5/24 rule. Prospective business card holders that have opened five (or more) new card accounts across all issuers in the last 24 months will likely not be approved.


Official application link: Ink Business Unlimited


Bank of America Business Advantage Unlimited Cash Rewards card

The Bank of America Business Advantage Unlimited Cash Rewards card is another no-annual-fee card that competes with the Capital on Tap card. It too awards 1.5% cash back on all purchases with no limit, but it does charge foreign transaction fees, making the Capital on Tap a better option for purchases outside the country.

However, the card is potentially more valuable if you are a part of Bank of America’s Preferred Rewards Program. Platinum Honors members can receive 75% more rewards, boosting the overall return on the card to 2.625%.

Related: Stop ignoring Bank of America Preferred Rewards

As stated earlier, the Business Advantage Unlimited Cash Rewards card currently offers a sign-up bonus of $300 when you spend $3,000 on purchases in the first 90 days. This is lower than the Capital on Tap’s offer, but it also requires lower minimum spending. For smaller-budget businesses, the Business Advantage can be a better fit.


Official application link: Bank of America Business Advantage Unlimited Cash Rewards Mastercard credit card


Bottom line

Overall, the Capital on Tap Business Card is a solid business card. It offers a quick and simple application process, no hard pulls and an attractive (TPG-exclusive) sign-up bonus. The card contains few benefits and isn’t available to all small businesses, but it offers unlimited 1.5% cash back.

Other cards certainly have the potential to be more valuable if you are already in a given rewards ecosystem (Chase Ultimate Rewards or Bank of America Preferred Rewards), but for a simple, general business card, it is hard to go wrong with Capital on Tap.

Capital on Tap Business credit cards are issued by WebBank, Member FDIC

Featured photo by Hero Images/Getty Images.

Citi Premier® Card

This card offers a 80,000-point bonus after spending $4,000 in the first three months. Plus, earn 3 ThankYou points per $1 at gas stations, restaurants, supermarkets and on air travel and hotels. 1 ThankYou point per $1 on all other purchases.

Apply Now
More Things to Know
  • For a limited time, earn 80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening
  • Earn 3 Points per $1 spent at Restaurants and Supermarkets
  • Earn 3 Points per $1 spent at Gas Stations, Air Travel and Hotels
  • Earn 1 Point per $1 spent on all other purchases
  • Annual Hotel Savings Benefit
  • 80,000 Points are redeemable for $800 in gift cards when redeemed at thankyou.com
  • No expiration and no limit to the amount of points you can earn with this card
  • No Foreign Transaction Fees on purchases
Regular APR
18.24% - 26.24% (Variable)
Annual Fee
$95
Balance Transfer Fee
Balance transfer fee applies with this offer 5% of each balance transfer; $5 minimum.
Recommended Credit
Excellent, Good

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.