Business credit cards with rewards: are points worth the fee?
FLD is not a lender or a credit broker and does not arrange credit. This is general information, not advice to borrow. Any representative APR shown is an example, not a personal quote: the rate you are offered depends on your circumstances and may be higher.
Important: This guide provides general information, not personalised financial advice. Financial products, rates and eligibility rules can change, so check the provider’s current terms before applying. You can check a firm’s details on the FCA Register.
Quick answer
Rewards cards pay points rather than cash. Points can be worth more than 1% if you redeem them well — typically for flights — but they usually come with an annual fee.
Our pick for converting points to Avios or Virgin Points: Capital on Tap (Pro converts at 1:1; companies only). Our pick for Membership Rewards points with a free first year: American Express Business Gold (£0 in year one, then £195).
Rewards cards compared
| Card | Rewards | Annual fee | Perks |
|---|---|---|---|
| Capital on Tap Pro | 1.25% on preloaded spend; points convert 1:1 to Avios or Virgin Points | £299 a year | Unlimited airport lounge access for the main cardholder; metal card |
| Capital on Tap (free card) | 1% cashback; points can be converted to Avios and Virgin Points | £0 | No FX or ATM fees |
| American Express Business Gold | Membership Rewards points | £0 in the first year, then £195 a year | Up to 54 days to pay in full |
Figures as of 3 October 2026, taken from each provider’s own website. Rates, fees and eligibility change and depend on your circumstances — check the provider before applying.
Who it’s for
- Businesses with regular travel
- Directors who already collect Avios or Virgin Points
- Companies spending enough to cover an annual fee
- Owners who value lounge access or travel perks
Who should skip it
These are general points to weigh up, not advice. You may want to look elsewhere if:
- You don’t travel and would prefer cash — see cashback cards
- You may carry a balance — interest outweighs points
- You won’t track redemptions or expiry rules
- Your spending is too low to cover the annual fee
Full explanation
Valuing points honestly
Pick a realistic redemption — the trip you’d actually take — and work out what each point is worth there. Compare that with 1% cashback. If you can’t name the redemption, cash is probably the safer comparison.
Fees versus rewards
Capital on Tap says its £299 Pro fee is covered at £29,900 of regular spend at 1%. Add the value of perks you’d genuinely use, then decide.
Liability and eligibility
Both cards here are aimed at companies: Capital on Tap only accepts Ltd, LLP and PLC companies, and American Express describes company liability backed by a personal guarantee for new Business Gold cards. See Business credit cards for limited companies.
More: Business credit cards with cashback, Business credit cards compared and Should I get a business credit card?.
The catch
Annual fees: Capital on Tap Pro is £299 a year; American Express Business Gold is £195 a year after the first year.
Points values vary. What a point is worth depends on how you redeem it — a flight reward may be worth far more or far less than cashback.
Perks aren’t free money. Lounge access and subscriptions only count if you’d actually use them.
Check a rewards card’s current terms:
These go straight to each provider’s own website. They aren’t referral links and we don’t earn from them.
FAQs
Can I convert business card points to Avios?
Capital on Tap lets you convert points to Avios and Virgin Points; Pro converts at 1:1. American Express Membership Rewards has its own transfer partners — check Amex.
Are rewards cards worth the annual fee?
Only if the rewards and perks you’d actually use are worth more than the fee.
Do sole traders get rewards cards?
Capital on Tap doesn’t accept sole traders. Check other providers’ eligibility.
Do points expire?
Rules vary by scheme. Check the terms before you build up a balance.
Are rewards taxable for a business?
It depends on your circumstances. Ask your accountant.
What is a business rewards credit card?
A business rewards credit card earns points, miles or other perks on business spending, often with a fee and terms aimed at sole traders or companies. The value depends on clearing the balance in full and on what the rewards are worth to your business. Compare options in business credit cards compared.
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