Capital on Tap Revamps Referral Program: Earn 7,500 Points Per Referral

If you're a business owner looking to maximise your rewards collection, Capital on Tap's revamped referral program offers an excellent opportunity to boost your points balance with minimal effort. The credit card provider has updated their "Refer a Friend" programme with a compelling offer: 7,500 points (equivalent to £75 or 7,500 Avios) for each successful business referral, with both the referrer and the new customer receiving the bonus.

As someone who has two Capital on Tap cards in my wallet and uses them regularly for business expenses, this enhancement caught my attention immediately. Let me walk you through why this might be worth your consideration, especially if you're a points-savvy business owner.

How the New Referral Program Works

The process is refreshingly straightforward:

1. Share your unique referral link with other business owners

2. When your referral is approved and makes their first transaction, you both receive 7,500 points

3. Choose your reward - apply the points as £75 towards your balance, convert them to 7,500 Avios, or select from other redemption options

4. Repeat with new referrals (up to 10 per month)

What I particularly appreciate about this programme is its flexibility. Unlike some referral schemes that lock you into a single reward type, Capital on Tap allows you to decide whether to take cash or points with each referral bonus.

Why This Matters for Points Collectors

For those of us focused on accumulating travel rewards, this program offers several advantages:

1. Direct Avios Earning Potential

If you've set up your Capital on Tap account to earn Avios (which I highly recommend), these 7,500 points translate directly to 7,500 Avios. To put that in perspective, a one-way economy flight from London to many European destinations typically costs around 7,500-10,000 Avios during off-peak periods, so each successful referral could essentially fund a significant portion of a short-haul flight.

2. Stacking Opportunities

What makes this particularly interesting is the potential for stacking rewards. When referring another business:

• You earn 7,500 points per successful referral

• Your points accumulation isn't affected by your monthly spending cap

• This comes in addition to your regular earning on business spend (1% cashback or 1 Avios per £1)

3. Monthly Referral Limit

It's worth noting that Capital on Tap has implemented a reasonable cap of 10 successful referrals per calendar month, with a lifetime limit of 100 referrals. For most small business owners, this provides ample opportunity without feeling overly restrictive.

Anniversary Month Bonus

I was pleased to see that Capital on Tap is also introducing an anniversary month bonus starting in May 2025. While the specific bonus amount will vary (details will be sent via email), this adds another layer of value to the referral program. If you've had your card for nearly a year, it might be worth waiting for your anniversary month to make strategic referrals.

Strategic Considerations

For those looking to maximise value:

1. Target the right businesses: Focus on referring legitimate UK-based businesses with at least £24,000 annual turnover for the highest approval chances

2. Time your referrals: Consider spacing them out to align with your points strategy or waiting for your anniversary month for potential bonus points

3. Consider the Avios pipeline: If you're saving for a specific redemption, these referral bonuses could help you reach your target faster

Using our Avios Balance Booster Calculator, you can determine whether converting your Capital on Tap points to Avios offers better value than taking the cash value.

My Personal Take

Having used Capital on Tap cards for several years, I've found them to be valuable tools in my points-earning strategy. The business-focused nature of the card means I can earn on expenses I'd be making anyway, and the direct Avios transfer option eliminates the complexity sometimes associated with points transfers.

This refreshed referral program essentially offers 7,500 "free" Avios per successful referral (up to the monthly limit), which represents significant value. For context, if you were to purchase Avios directly, 7,500 Avios would typically cost around £115-£150 during standard sales, making this referral bonus worth approximately 1.5-2p per Avios – excellent value by any measure.

Who Should Consider This?

This program is particularly valuable for:

• Small business owners who know other entrepreneurs

• Freelancers and contractors with connections in similar fields

• Points collectors working towards specific travel redemptions

• Anyone with genuine business connections looking to earn rewards with minimal effort

If you already have a Capital on Tap card, checking your account for your referral link should be your next step. If you don't yet have one, now might be an opportune time to apply, especially if your business could benefit from the card's other features.

Final Thoughts

While referral programs aren't new in the credit card space, Capital on Tap's approach offers genuine value for business owners in the UK points and miles ecosystem. The straightforward structure, flexibility in redemption options, and generous reward amount make this a standout opportunity.

Remember that Capital on Tap cards are exclusively for businesses, so unlike personal credit card referrals, you'll need to focus on referring other business owners. However, for those with the right network, this represents one of the easiest ways to boost your Avios balance in 2025.

Have you had success with the Capital on Tap referral program? Are you planning to leverage this opportunity? Let us know in the comments!

Jack @ Smart With Points