Capital on Tap review
Updated September 28, 2026 · HodlCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Capital on Tap is a business card with a monthly fee of £0 and a currency conversion fee of 0%. It suits companies that want a virtual card for travel spending without a monthly charge, and it is regulated by the Financial Conduct Authority in the UK.
Key facts
- Best for
- A business virtual card with a £0 monthly fee.
- Monthly fee
- £0↗
- Currency conversion fee
- 0%↗
- Free ATM withdrawals
- £0↗
- Card type
- Virtual↗
- Cashback rate
- 1%↗
- Card network
- Visa↗
- Legal entity
- New Wave Capital Limited↗
- Headquarters
- United Kingdom↗
- Founded
- 2012↗
- Support channels
- Email, Chat, Phone, Help-centre↗
- Features
- Virtual card, Travel
- Audience
- Business
- Official website
- capitalontap.com
Facts checked September 26, 2026, 4 sources
Apps and profiles
- Get the app
- App Store
- Elsewhere
- TrustpilotLinkedInXfacebook.com
Pros and cons
Pros
- Monthly fee of £0 and a currency conversion fee of 0% on the business account.
- Support runs on email, chat and phone, so phone, chat, email and a help centre are all open.
- A long operating history, founded in 2012 and based in the UK.
Cons
- Cash machine withdrawals are not free: the free ATM allowance is £0.
- The audience is business, so personal account holders get nothing here.
Who it suits
- Companies that want a virtual card for staff travel and subscriptions
- Businesses that pay abroad and want the conversion fee kept at 0%
- Teams that need phone, chat, email and a help centre, since support runs on email, chat and phone
Who should look elsewhere
- Anyone who takes out cash often, since the free ATM allowance is £0 and Monzo Flex offers £200
- Anyone who wants a physical card in hand, because the card type is virtual
- Personal account holders, because the audience is business
Fees
Capital on Tap charges a monthly fee of £0 for the business card and a currency conversion fee of 0%. Both apply to the business account the card comes with, so the running cost of the card stays the same whatever the company spends on it. For businesses that pay in several currencies, the conversion figure is the one that matters most.
How Capital on Tap compares
9.1 vs 9.4
9.1 vs 9.0
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9.1 vs 9.0
9.1 vs 9.1Bitpanda also lists a monthly fee of €0, so it sits in the same low cost band.
9.1 vs 8.9
9.1 vs 8.1
9.1 vs 8.2
9.1 vs 9.5
9.1 vs 9.4
9.1 vs 9.2
9.1 vs 9.1
9.1 vs 9.0
9.1 vs 8.9- 9.1 vs 8.8
9.1 vs 8.8
9.1 vs 8.6
9.1 vs 8.5
9.1 vs 8.3
Where Capital on Tap is available
- Available
- United Kingdom, United States
- Licence in United Kingdom
- Financial Conduct Authority (900922), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does a Capital on Tap account cost each month?+
The business card has a monthly fee of £0 and a currency conversion fee of 0%. Both apply to the same business account, so the running cost of keeping the card is easy to set out in a company budget. A company can therefore budget for the card at the same figure every month.
How much cashback comes back on spending?+
Purchases on the card earn cashback of 1%. It is the reward the account lists, sitting alongside the virtual card and its travel focus. With the monthly fee at £0, the cashback is the main thing that comes back on everyday spend.
Is Capital on Tap regulated in the UK?+
Yes. The company, New Wave Capital Limited, is based in the UK and is listed with the Financial Conduct Authority under 900922. That registration sits with the business behind the card, while the account itself is aimed at business customers.
Are ATM withdrawals covered for free?+
The free ATM allowance is £0, so cash machine withdrawals are not part of what this card covers for free. Cards such as Monzo Flex list £200 in free withdrawals, which is the gap to weigh if a team takes out cash regularly.
Is the card physical or virtual?+
The card type is virtual, so the card lives in an app rather than in the post. That suits staff who pay for travel and subscriptions on the move, and it means a lost device matters more than a lost wallet. The network it runs on is visa.
Who can open a Capital on Tap account?+
The audience for the account is business, so it is built for companies rather than individuals. A business that wants a card for staff travel and supplier payments fits the setup. The company behind it is New Wave Capital Limited, founded in 2012 and based in the UK.
What support is available?+
Support runs on email, chat and phone, which covers phone, chat, email and a help centre. A company can call, chat or send the details in writing. The account is business oriented, so a team can go through the same channels for a card query.
What does it cost to pay in another currency?+
The features listed for the account are virtual card and travel, and the currency conversion fee is 0%, so a business paying abroad pays nothing on conversion. Wise lists 0.1% for the same job. With a monthly fee of £0, the cost case rests on business travel spend.
Sources
- capitalontap.com/en checked September 26, 2026
Backs: Card type, Cashback rate, Features
“Create virtual cards in seconds and start spending the moment you are approved for a Capital on Tap Business Credit Card”
- capitalontap.com/en/company/about checked September 26, 2026
Backs: Founded, Headquarters, Legal entity, Licences
“Capital on Tap is founded in London by CEO David Luck with the mission of providing small businesses with access to funding”
- capitalontap.com/en/company/partners checked September 26, 2026
Backs: Free ATM withdrawals, Currency conversion fee
“Our cardholders enjoy no annual, ATM, or foreign transaction fees on their account”
- capitalontap.com/en/faq checked September 26, 2026
Backs: Audience, Monthly fee, Card network, Support channels
“You are eligible to apply for a Capital on Tap Business Credit Card if you and your business meet the following criteria: You are an active director or a majority shareholder (25%+) of the company”
Compiled from 4 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Protection.