What Is the Capital on Tap Promo Code?
The Capital on Tap promo code SETTINGUP is an exclusive promotional code that gives new Capital on Tap customers 7,500 free reward points — worth £75 in cashback or Avios — when they apply for a Capital on Tap business credit card and make their first transaction within 30 days.
Capital on Tap is one of the UK's leading business credit cards, used by over 200,000 UK businesses. It offers flexible credit limits from £1,000 to £250,000, no annual fee on the standard card, and a rewards programme that earns 1 point per £1 spent. Points can be redeemed as cashback or converted to British Airways Avios.
The SETTINGUP code is available exclusively through partner sites including Small Business Guide. It is not available directly from Capital on Tap's own website without a referral link.
What Are 7,500 Points Worth?
7,500 points redeemed as cashback credited directly to your Capital on Tap account
Convert your points to Avios at 1:1 — 7,500 Avios can cover short-haul flights
Earn 1 point per £1 spent on the card — every purchase builds your rewards balance
How to Use the Capital on Tap Promo Code SETTINGUP — Step by Step
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Click the link below to go to Capital on Tap's website
Use our partner link to ensure the promo code is pre-applied. You can also visit capitalontap.com directly and enter the code manually during the application.
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Click "Apply Now" on the Capital on Tap homepage
The application button is prominently displayed on the Capital on Tap website. Click it to begin the online application form.
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Enter your business details
You will need your business name, Companies House registration number, business address, industry type, annual turnover, and number of employees. This information is used to assess your credit limit.
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Enter your personal details
As a director or majority shareholder, you will need to provide your full name, date of birth, home address, and contact details. Capital on Tap may also ask you to link your business bank account to verify financial information.
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Enter the promo code SETTINGUP when prompted
During the application, Capital on Tap will ask if you have a promo or access code. Enter SETTINGUP exactly as shown. If you used our link above, the code may be pre-filled — verify it is present before submitting.
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Submit your application and await a decision
Capital on Tap typically provides an initial decision within minutes. Full approval, including your credit limit, is usually confirmed within 24 hours. You will receive your physical card within 3–5 working days.
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Make your first card transaction within 30 days
To trigger the 7,500 bonus points, you must make at least one card transaction within 30 days of account approval. Any transaction qualifies — even a small business purchase. Points are credited to your account within 4–6 weeks of the qualifying transaction.
Eligibility Requirements
Capital on Tap has specific eligibility criteria. Unlike Tide (which is available to sole traders), Capital on Tap is primarily designed for limited companies.
| Requirement | Details | Status |
|---|---|---|
| UK-registered business | Business must be registered in the UK with Companies House | ✓ Required |
| Director or majority shareholder | Must be an active director or hold 25%+ ownership | ✓ Required |
| Minimum trading period | Business must have been trading for at least 6 months | ✓ Required |
| Minimum annual turnover | Typically £24,000+ annual revenue required | ✓ Required |
| New Capital on Tap customer | Must not have previously held a Capital on Tap account | ✓ Required for bonus |
| Sole traders | Capital on Tap primarily serves limited companies; sole traders may apply but approval is less common | ✗ Limited eligibility |
| Existing customers | The SETTINGUP promo code bonus is for new customers only | ✗ Not eligible for bonus |
Capital on Tap Rewards: How Points Work
| Action | Points Earned | Value |
|---|---|---|
| Sign up with code SETTINGUP + first transaction | 7,500 bonus points | £75 cashback or 7,500 Avios |
| Every £1 spent on the card | 1 point | 1p cashback or 1 Avios |
| £10,000 monthly spend | 10,000 points | £100 cashback or 10,000 Avios |
| Pro card (£99/year) — every £1 spent | 2 points | 2p cashback or 2 Avios |
Capital on Tap Business Credit Card: Pros and Cons
✓ Pros
- No annual fee on standard card
- Credit limits up to £250,000
- Instant decision — apply in minutes
- 1 point per £1 spent (2x on Pro card)
- Redeem as cashback or Avios
- Up to 42 days interest-free credit
- Free employee cards
- Integrates with Xero and QuickBooks
- Accepted anywhere Visa is accepted
- 7,500 free points with code SETTINGUP
✗ Cons
- Primarily for limited companies
- Minimum £24,000 annual turnover required
- Credit check required (hard search)
- Representative APR of 49.8% (variable)
- Pro card costs £99/year for 2x points
- Not suitable for businesses under 6 months old
For a full, detailed breakdown of Capital on Tap's features, fees, and how it compares to other business credit cards, read our Capital on Tap Business Credit Card Review.
Capital on Tap vs Tide: Which Offer Is Better?
Both offers are excellent for different types of businesses. Here's a quick comparison to help you decide which is right for you — or whether to take advantage of both:
| Tide (REFER200) | Capital on Tap (SETTINGUP) | |
|---|---|---|
| Offer value | Up to £200 free cash | 7,500 points (£75) |
| Product type | Business bank account | Business credit card |
| Best for | Sole traders & new limited companies | Established limited companies |
| Minimum trading | None — open to new businesses | 6 months minimum |
| Monthly fee | Free (paid plans available) | Free (Pro plan £99/year) |
| Can you use both? | ✓ Yes — they are complementary products | |
Many UK small business owners use both: Tide as their primary business bank account for day-to-day banking, and Capital on Tap as their business credit card for purchases and expenses — earning rewards on every transaction.
Frequently Asked Questions
What is the Capital on Tap promo code?
The Capital on Tap promo code is SETTINGUP. Enter this code when applying for a Capital on Tap business credit card to receive 7,500 free reward points, worth £75 in cashback or British Airways Avios. You must make your first card transaction within 30 days of account approval to trigger the bonus.
Is the Capital on Tap promo code SETTINGUP still valid in 2026?
Yes. As of April 2026, the code SETTINGUP is active and verified. We update this page whenever the offer changes. If you are reading this after April 2026, check the date at the top of the page or contact us at contact@smallbusinessguide.co.uk to confirm.
How long does it take to receive the 7,500 bonus points?
Capital on Tap typically credits the 7,500 bonus points within 4–6 weeks of your first qualifying card transaction. You must make the transaction within 30 days of account approval. Points appear in your rewards dashboard and can be redeemed at any time.
Does Capital on Tap do a credit check?
Yes. Capital on Tap performs a soft credit search initially (which does not affect your credit score), followed by a hard search if you proceed to full application. They consider both business and personal credit data, along with business performance indicators. Capital on Tap is known for being more flexible than traditional banks.
What credit limit will I get with Capital on Tap?
Capital on Tap offers credit limits from £1,000 to £250,000, based on your business's financial profile, turnover, and credit history. The initial limit is set during the application process and can be reviewed and increased over time as you build a track record with the card.
Can I use Capital on Tap as a sole trader?
Capital on Tap primarily serves limited companies. Sole traders may apply but approval is less common and the product is not specifically designed for sole trader use. If you are a sole trader, Tide (using code REFER200) may be a better fit as it has a dedicated sole trader account with no minimum trading period.
Can I use both the Tide REFER200 and Capital on Tap SETTINGUP offers?
Yes — absolutely. Tide is a business bank account and Capital on Tap is a business credit card. They are complementary products and many UK small business owners use both. You can claim the £200 Tide bonus and the 7,500 Capital on Tap points simultaneously. See our Tide Referral Code REFER200 page for details on the Tide offer.