Business creditCapital on Tap Promo Code SETTINGUP: Terms, Eligibility and Review
Verified partner offer · Checked 18 September 2026
Business credit card for eligible incorporated UK businesses. Use promo code SETTINGUP for 7,500 points (stated value £75) after the first qualifying card transaction within 30 days. Credit is subject to status.
Complete your first card transaction within 30 days of signing up.
Partner link. We may receive a reward. This is business credit; interest and a personal guarantee may apply. Credit is subject to status and affordability. Approval, credit limit and pricing are decided by Capital on Tap. A personal guarantee is required as a standard condition. Missing payments can cost money and damage the business's ability to obtain credit in future.
Capital on Tap business credit card review
Capital on Tap provides a business credit card and spending platform for incorporated UK businesses. For a trade business the relevant features are practical: cards for the people who buy materials, a limit per card, receipt capture at the merchant's counter, and a feed into your accounting software so the bookkeeping is not a Sunday-night job.
An applicant must reside in the UK and be an active director or majority shareholder owning at least 25%. The business must be an active UK-registered Ltd, LLP or PLC shown as active on Companies House, and neither applicant nor business can have an unsatisfied CCJ in the last 12 months. There is no minimum trading history or turnover, so an eligible incorporated business of any age can apply.
At application, Capital on Tap runs a standard soft search on the personal credit file, with no impact on the personal credit score and no visibility to other lenders. There is no visible hard search on the business credit file at that point. A business-file hard search happens only later, when the credit agreement is signed, and can then be visible to other lenders. That removes a potential reason for an eligible business not to apply, but the later search still matters before signing the agreement.
It is still credit. It suits a business that pays the balance from money already earned, not one using a card to cover a shortfall. If materials are being bought on credit because customer payments are late, the problem is the payment terms, not the card — fix the deposit and invoicing first.
How we reviewed Capital on Tap
Desk-based review. We reviewed Capital on Tap's public product, eligibility, rates, credit-search information and partner materials on 18 September 2026; Markus has not represented this page as a first-hand product test.
SETTINGUP at a glance
| Item | Detail |
|---|---|
| Promo code | SETTINGUP |
| Offer | 7,500 bonus points (stated value: £75) |
| Qualifying step | Make the first qualifying card transaction within 30 days of signing up |
| When points are credited | Partner page says after the first transaction; no exact calendar timeframe is published |
| Cash transactions | The partner page does not state whether cash transactions qualify. Confirm directly with Capital on Tap before relying on a cash transaction for the bonus. |
| Relationship | Authorised partner promotion; affiliate/referral relationship |
| Last verified | 18 September 2026 |
Free and Pro plans
| Feature | Published position (checked 18 September 2026) |
|---|---|
| Free | £0 annual fee; 1% cashback on card spend; free employee cards; no FX or ATM fees |
| Pro | £299 per year, billed annually; includes the Free plan features plus 10,000 points after £5,000 card spend in the first three months and 1.25% cashback on preloaded card spend |
| Interest | Interest can apply when an eligible balance is not repaid by the due date; compare the live terms and the current representative example |
Eligibility and credit-file checks
| Topic | Published position (checked 18 September 2026) |
|---|---|
| Who can apply | UK resident active director or majority shareholder owning at least 25%; active UK-registered Ltd, LLP or PLC shown as active on Companies House; not a high-risk industry; no unsatisfied CCJs in the last 12 months |
| Business age and turnover | No minimum trading history or turnover is required, so an eligible incorporated business of any age can apply |
| Personal credit file at application | Capital on Tap runs a standard soft search on the personal file. It does not affect the personal credit score and is not visible to other lenders |
| Business credit file | There is no visible hard search on the business credit file at application. A hard search happens later, only when the credit agreement is signed, and can then be visible to other lenders |
| What this means before applying | For an otherwise eligible business, no visible business-file hard search at application removes a potential reason not to apply. The later hard search still matters when deciding whether to sign the credit agreement |
| Personal guarantee | Required as a standard condition; the director may be personally liable if the business cannot pay |
Capital on Tap and alternatives for trade-business purchasing
| Option | Neutral comparison |
|---|---|
| Capital on Tap business credit card | A credit product for eligible incorporated businesses. It can suit controlled business purchasing where the balance is repaid under the agreed terms; approval, pricing and credit limit are provider decisions. |
| Business debit card | Uses money already in the business account, so it avoids borrowing costs. It may be a better match where the need is staff-spend control rather than credit. |
| Supplier trade account | Can offer agreed purchasing terms with a particular merchant. Compare the supplier's prices, payment window, credit checks and any late-payment consequences. |
| Other business cards | Compare acceptance, fees, repayment terms, personal-guarantee requirements, spend controls and rewards against live provider terms before applying. |
✓ Pros
- – Incorporated trade businesses buying materials regularly and repaying in full each month.
- – Eligible incorporated businesses of any age that have no minimum-turnover requirement to meet.
- – Businesses with two or more people who need to buy materials.
- – Businesses that want receipt capture and an accounting feed rather than manual entry.
✗ Cons / who it may not suit
- – Sole traders — not eligible under current criteria.
- – Any business that cannot currently meet wages, tax, essential bills or existing commitments. Credit will make that worse, not better.
- – Businesses that expect to carry a balance month to month.
- – Businesses that only need spend control, where a debit expense card or prepaid card is a better fit.
What you get
- A business credit card with a revolving limit set by the provider after assessment.
- Additional employee cards, each with an individual spending limit.
- Receipt capture against transactions, with reminders for missing receipts.
- Integrations with common accounting software for automatic transaction feeds.
- Rewards on eligible spend on some plans, where the account is managed responsibly.
How UK tradespeople use it
Material-heavy project purchasing
A kitchen or rewire needs several thousand pounds of materials before the second stage payment lands. A card with a known limit and a clean statement makes that purchase traceable to the job.
Employee purchases without personal money
Cards with individual limits stop the apprentice paying for fittings out of their own pocket and stop the 'lost receipt' write-off at month end.
Receipts captured at the merchant, not in a van footwell
Photographing the receipt at the counter is the only version of receipt management that survives contact with a working week.
Costs and risks
- Interest is charged on balances not repaid in full by the due date. Carrying a balance can easily cost more than any reward is worth.
- Capital on Tap's partner page does not say whether cash transactions qualify for the SETTINGUP bonus. Confirm the current terms before treating a cash withdrawal as a qualifying transaction.
- A personal guarantee is required as a standard condition. The director is personally liable for the business's debt if the business cannot pay. This is confirmed by Capital on Tap's own website.
- Applying does not create a visible hard search on the business credit file: the personal-file search is soft and has no impact on the personal score or visibility to other lenders. But signing the credit agreement triggers a business-file hard search that can be visible to other lenders, so take that later step into account before you sign.
- Missed payments can cost money and affect the business's ability to obtain credit in future.
- Credit limits are set by the provider and can be reduced or withdrawn. Do not build a purchasing system that only works if the limit stays.
- Rewards should never be the reason to spend. Spend you would not otherwise make is a loss, whatever the points say.
Eligibility
- – You must reside in the UK and be an active director or majority shareholder owning at least 25% of the applicant business.
- – The business must be an active UK-registered private limited company (Ltd), limited liability partnership (LLP) or public limited company (PLC), shown as active on Companies House.
- – The applicant and business must have no unsatisfied CCJs in the previous 12 months, under Capital on Tap's published criteria.
- – There is no minimum trading history or turnover: incorporated businesses of any age can apply.
- – The business must not be in an industry Capital on Tap currently classes as high risk.
- – A business current account is required to apply. Sole traders and unincorporated businesses are not eligible.
- – Business must meet Capital on Tap's own credit assessment and identity checks.
- – Promo code SETTINGUP must be entered in the promo field during the application.
Exclusions
- – Sole traders and unincorporated businesses.
- – Businesses that cannot pass credit and affordability checks.
- – Existing Capital on Tap customers, and applications where the promo code was not entered.
How to use the Capital on Tap promo code
- 1.Confirm that you reside in the UK and are an active director or majority shareholder owning at least 25% of an active UK-registered Ltd, LLP or PLC shown as active on Companies House — sole traders are not eligible.
- 2.Check that neither you nor the business has an unsatisfied CCJ in the last 12 months. There is no minimum trading history or turnover requirement.
- 3.Read the costs, risks and personal-guarantee section below, plus our affiliate disclosure.
- 4.Apply using the partner promo code SETTINGUP.
- 5.Complete Capital on Tap's credit and identity checks. At application, the personal-file search is a soft search with no impact on your score and no visibility to other lenders; there is no visible business-file hard search at this stage.
- 6.If you are offered credit, remember that signing the credit agreement triggers a business-file hard search that can be visible to other lenders.
- 7.Make your first card transaction within 30 days of signing up to trigger the 7,500 bonus points (worth £75).
Application process
- 1.Apply online with company details and director information.
- 2.Enter the partner promo code SETTINGUP.
- 3.Provide the information requested for credit and affordability assessment.
- 4.Receive the provider's decision. Approval, limit and pricing are entirely theirs; we cannot influence or predict them.
Alternatives worth considering first
- Tide Expense CardsA named, non-credit alternative to investigate when the need is spend control rather than borrowing. Compare current plan and card fees before choosing it.
- American Express Business cardsA named business-credit-card alternative to compare on acceptance, repayment terms, rewards and the current representative example.
- Business debit expense cardsIf the need is spend control rather than borrowing, debit cards with per-person limits avoid interest altogether.
- Supplier trade accountsMerchant accounts with 30-day terms can cover the same gap, though they tie you to one supplier's pricing.
- Bigger deposits and stage paymentsFixing the payment schedule removes the funding gap instead of financing it.
Capital on Tap promo code FAQ
- What is the Capital on Tap promo code?
- The code is SETTINGUP. Enter it in the promo field during your application and the partner terms state that 7,500 bonus points (stated value £75) are credited after your first qualifying card transaction within 30 days. Subject to eligibility and status.
- Can sole traders use it?
- No. Under the current published criteria the card is for incorporated businesses. Our system suppresses the application CTA and the code for anyone who tells a tool they are a sole trader.
- Will I be approved?
- We cannot say. Credit is subject to status and affordability, and the decision, limit and pricing are the provider's alone.
- Is there a hard credit search when I apply?
- No visible hard search is made on the business credit file at application. Capital on Tap runs a standard soft search on the personal file, which does not affect the personal credit score and is not visible to other lenders. A business-file hard search happens only if you sign the credit agreement, and it can then be visible to other lenders. This removes a potential reason for an otherwise eligible business not to apply, but the later search still matters before signing.
- Do I need a trading history or minimum turnover?
- No. Capital on Tap has no minimum trading-history or turnover requirement, so an eligible incorporated business of any age can apply. You must still meet its UK residence, ownership or directorship, Companies House, CCJ, identity and credit-assessment requirements.
- Is a personal guarantee required?
- Yes. Capital on Tap requires a personal guarantee from a director as a standard condition of the card. This means the director is personally liable for the business's outstanding balance if the business cannot pay. Read it carefully before signing and take independent legal advice if you are unsure of the implications.
Sources
All factual claims on this page are verified against the provider's own published materials. Last verified: 18 September 2026.
- Capital on Tap — SETTINGUP partner campaign — Capital on Tap
- Capital on Tap — business credit card product, plans and eligibility — Capital on Tap
- Capital on Tap — business credit card eligibility guide — Capital on Tap
- Capital on Tap — business credit card rates guide — Capital on Tap
- FCA — business lending and credit information for small businesses — Financial Conduct Authority