In times of economic uncertainty, it’s vital that small and micro-business companies can be supported with solutions designed to maximise working capital and improve cashflow. As a member of the Genesis Initiative, which exists to provide support to UK SMEs, SBID invited Capital on Tap (CoT) to share the benefits of using their new Business Credit Card for supporting small businesses.
Spend using your card - You have the flexibility to pay by card or transfer funds to your business account, based on your needs. You’ll have up to 56 days interest-free on card purchases when you repay in full, but also have the ability to pay a minimum amount or a fixed amount of your choosing. Applying will not impact your credit score and you can also access free supplementary cards for your team, which can be managed and controlled in real time from an online portal.
SBID Members receive £20 credit when using their CoT card within 30 days of making a successful application. Capital on Tap cards are accepted everywhere that takes Visa, and you can pay using your card, contactlessly through your smartphone using Apple Pay or Google Pay, or online. When you pay with Visa you can pay with confidence and the peace of mind that your payment is secure and protected if something goes wrong. Capital on Tap also has a 24/7 customer service team on hand to help with any queries and a 4.7/5 star rating on Trustpilot.
Login to access the promotional code for SBID members.
Capital on Tap cards makes balancing the books easier by enabling you to connect with accounting providers such as Quickbooks, Sage and Xero. You can enjoy spending abroad without any foreign exchange fees, and won’t be charged any ATM fees by Capital on Tap either. Your online portal will allow you to check your spending activity, make repayments and if you opt for the Business Rewards Credit Card, you’ll be able to redeem points earned from there too.
To sign up and receive £20 credit when you use your CoT credit card within 30 days of making a successful application, login to SBIDPro to continue reading.
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The Small Business Commissioner (SBC), Philip King strives to tackle late payment and unfavourable payment practices in the private sector. He shares his views on the impact of coronavirus on business and its much-needed recovery.
There is no doubt that the COVID-19 pandemic is unmatched in modern times. It’s had a significant impact on the global economy as well as people’s health and livelihoods. Measures put in place by government to try and protect businesses had far-reaching effects but as we move on to the recovery stage, the pressures individual businesses face are going to be tougher than the lockdown period itself.
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