Capital on Tap Regular Rewards Business Visa

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Last updated on March 4th, 2021

Capital on Tap Regular Rewards Business Visa

Earn $50 Cash Back After Spending $5,000 In the First 3 Months

Capital on Tap Regular Rewards Business Visa
  • Regular Purchase APR 24.99% variable based on creditworthiness and the Prime Rate
  • Cash Advance APR 34.99% variable based on creditworthiness and the Prime Rate
  • Annual Fee None
  • Credit Needed Excellent , Good , Fair
  • Processing Network Visa
Best Benefits
  • No annual fee
  • Unlimited 1% cash back on every purchase
  • Up to 20 additional employee cards free of charge
  • No foreign transaction fees
Rates & Fees
  • Regular Purchase APR: 24.99% variable based on creditworthiness and the Prime Rate
  • Cash Advance APR: 34.99% variable based on creditworthiness and the Prime Rate
  • Penalty APR: 34.99% for 12 months
  • Late Payment Penalty Fee: $29
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At a Glance 

The Capital on Tap Regular Rewards Business Visa is the no annual fee business card offering from Capital on Tap and WebBank.  The card features credit limits of up to $50,000, an APR as low as 10%, and 1% cash back on all purchases.

Idea for Those Who:

  • Have a US registered business with at least three months of trading history
  • Have a good to excellent credit score
  • Want additional employee cards to maximize rewards earning
  • Don’t want to pay an annual fee

Capital on Tap Regular Rewards Business Visa Credit Card Review

The Capital on Tap Regular Rewards Business Visa is a cash back rewards credit card for small-to-medium-sized businesses. The card is the product of the relationship between Capital on Tap, a leading B2B financer, and WebBank.

Generous Credit Limits

Part of the allure of the Capital on Tap lending format is easy access to the credit and funding that businesses need. The Capital on Tap Regular Rewards Business Visa accomplishes this goal, with credit lines of up to $50,000 for eligible companies.

These credit lines, however, come with some caveats. The $50,000 is the top-end of the credit limits, with lines starting at just $1,000. Additionally, the card is only open to businesses that are the US chartered, have more than three months of trading history, and have an annual turnover of at least $30,000.

Excellent APR – for Some

Part of the allure of a business credit card is the ability to pay off significant purchases over time. This versatility can help companies invest in technologies to take them to the next level, depending on the card charges’ interest rates.

With the Capital on Tap Regular Rewards Business Visa, the very best credit scores get an exceptional APR on purchases. That rate is sub-10% and almost half of the national average for a small business credit card.

On the other end of the spectrum, however, the APR is shocking. At almost 35%, it is a hindrance for most companies – making it a decent option only for those small businesses that need a last-resort funding option.  Fortunately, Capital on Tap does not charge interest if the entire balance is paid-in-full each month.

Capital on Tap and WebBank also allow companies to switch to a minimum monthly payment option of 10% whenever they need it.

Earn Basic Rewards with Every Purchase

Every purchase with the Capital on Tap Regular Rewards Business Visa earns 1% cash back per dollar spent. There is no cap to the amount of cash back a business can earn – made even better thanks to up to 20 free employee cards.

New accounts get an additional $50 cashback after $5,000 spent in the first three months of opening an account. Points are redeemable via the Rewards page on the account dashboard.

Other Card Features

Other notable card features include:

  • Integrations with accounting software packages for easy business expense management
  • Regular account reviews to see if the business can receive a higher credit limit or lower interest rate
  • Ability to repay with flexible ACH options or using a debit card
  • No foreign transaction fees
  • No annual fee
  • Visa business tools and support

Should You Apply for the Capital on Tap Regular Rewards Business Visa Credit Card?

The Capital on Tap Regular Rewards Business Visa is an interesting business card for a well-positioned small-to-medium-sized company with a good credit score. Those companies are most likely to benefit from the card’s features, including generous credit lines, exceptionally low-interest rates, and multiple employee cards – free of charge.

For companies with average credit, the card only makes sense in the direst of circumstances. The lowest credit lines are very low, and the interest rates are very high, making the card only worthwhile as a last-ditch funding choice. Fortunately, Capital on Tap regularly reviews accounts to look for credit limit increases or rate reductions, so there is hope.

Overall, the card is a decent no annual fee business card for the company that can receive the best interest rates and wants a generous credit limit, basic points on every purchase, free employee cards (up to 20), and the usual account management software integrations.

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