Best for long-term cashbackCapital on Tap
Flat 1% unlimited cashback with flexible reward redemption — great for long-term, high-spend businesses.
Cashback
1%
APR from
13.86%
Limit
£250K
- Unlimited 1% cashback — redeem as cash, Avios, Virgin Points or gift cards
- Up to 56 days interest-free credit on purchases
- No annual fee, no FX fees, no ATM charges
- Decision in 2 minutes — accepts LLPs as well as Ltd
Best for intro cashbackFunding Circle Cashback Card
Market-leading 2% intro cashback for the first 6 months — the highest rate available to UK businesses.
Intro Cashback
2%
APR rep.
34.9%
Limit
£250K
- 2% cashback for 6 months (up to £2,000), then 1% uncapped
- Up to 42 days interest-free credit on purchases
- No annual fee, no monthly fees, zero FX fees
- Get a quote without affecting your credit score
Head-to-Head Comparison
How the Capital on Tap and Funding Circle Cashback cards compare across the features that matter most.
| Feature | Capital on Tap | Funding Circle Cashback Card |
|---|---|---|
| Cashback Rate | 1% unlimited on all spend | 2% for first 6 months (up to £2,000), then 1% uncapped |
| Maximum Credit Limit | Up to £250,000 | Up to £250,000 |
| Annual Fee | £0 | £0 |
| Foreign Exchange Fees | 0% — no FX fees worldwide | 0% — no FX fees worldwide |
| Interest-Free Period | Up to 56 days on purchases | Up to 42 days on purchases |
| Representative APR | From 13.86% (variable) | 34.9% representative (variable) |
| Reward Redemption | Cash, Avios, Virgin Points or gift cards | Cash credited to your account |
| Eligibility | UK Limited companies & LLPs | UK Limited companies only |
| Application Decision | Decision in ~2 minutes | Quote without affecting credit score |
| Free Additional Cards | Yes — with individual limits | Yes — with individual limits |
| Accounting Integrations | Sage, Xero, QuickBooks, FreeAgent | Sage, Xero, FreeAgent |
| Card Network | Visa | Visa |
| Trustpilot Rating | 4.7 / 5 (17,000+ reviews) | 4.6 / 5 (16,700+ reviews) |
Information based on publicly available data. Last updated April 2026. Always check the provider's website for current rates and terms.
Our Verdict
Choose Capital on Tap if…
- You want consistent unlimited 1% cashback with no time limits or caps
- You value flexibility — redeem cashback as Avios, Virgin Points, gift cards or cash
- You want the lowest representative APR (from 13.86%) if you sometimes carry a balance
- You're an LLP — Funding Circle currently only accepts Limited companies
- You want fee-free ATM withdrawals abroad
Choose the Funding Circle Cashback Card if…
- You want the highest possible cashback rate in year one (2% for 6 months)
- You expect to spend heavily in the first 6 months — earning up to £2,000 cashback
- You want to check eligibility without impacting your credit score
- You always pay your balance in full and don't need the lowest APR
- You're already a Funding Circle borrower or want to keep your finance in one place
The Bottom Line
For sheer first-year earning power, the Funding Circle Cashback Card is hard to beat — 2% cashback for 6 months can deliver up to £2,000 back. But once the intro period ends, both cards pay 1% uncapped. Capital on Tap wins on long-term flexibility, lower APR, broader eligibility (LLPs welcome), longer interest-free period and richer redemption options including Avios and Virgin Points.
If you're a high-spending Limited company that pays in full each month, apply for both — there's no annual fee on either card and you can use the Funding Circle card for the first 6 months before consolidating spend onto Capital on Tap.
Frequently Asked Questions
Which card has better cashback — Capital on Tap or Funding Circle?
It depends on how long you plan to use the card. The Funding Circle Cashback Card pays 2% cashback for the first 6 months (capped at £2,000), then drops to 1% uncapped — making it the better short-term earner. Capital on Tap pays a flat 1% on all spend from day one with no caps and lets you redeem rewards as Avios, Virgin Points, gift cards or cash, which makes it stronger for long-term, high-spend businesses.
Do either of these cards charge an annual fee?
No. Both the Capital on Tap Business Credit Card and the Funding Circle Cashback Card have no annual fee, no monthly fees and no foreign exchange fees on overseas spending.
Can sole traders apply for either card?
Neither card is available to sole traders. Capital on Tap accepts UK Limited companies and LLPs, while Funding Circle's Cashback Card is currently restricted to UK Limited companies only.
Will applying affect my credit score?
Funding Circle lets you check eligibility and get a quote without affecting your credit score — only a full application triggers a hard search. Capital on Tap performs a soft search to make an initial decision, with a hard search only if you accept the offer.
How long is the interest-free period?
Capital on Tap offers up to 56 days interest-free on purchases when the balance is paid in full. Funding Circle offers up to 42 days interest-free. Both charge interest only if a balance is carried month to month.
Which card is better for international spending?
Both cards charge zero FX fees on international transactions, so either is excellent for travel and overseas suppliers. Capital on Tap also waives ATM withdrawal charges, which can give it the edge for businesses needing cash abroad.
Related Reading
Business Credit Cards UK
Browse the best UK business credit cards reviewed in detail.
Read: Business Credit Cards UKFunding Circle vs Iwoca
Compare two of the UK's leading SME business loan providers.
Read: Funding Circle vs IwocaBusiness Funding UK
Compare loans, cash advances, and credit options for UK businesses.
Read: Business Funding UK