Capital on Tap introduced Preloading on January 11, 2024, allowing customers to add their own funds to a business credit-card account and spend alongside the existing credit limit. The company said the feature retained its advertised uncapped 1% cashback on spending funded by either balance. [S01]

Customer money and credit remain different

The feature increased the amount available to spend by combining two sources of funds. Adding money did not, by itself, mean the lender had increased a customer’s approved credit limit. That distinction is central to understanding the product. [S01]

Show data tableHide data table
Scroll left or right to see all columns
Customer money and credit remain different

Component

Role in the announced feature

Approved credit

The existing borrowing limit

Preloaded balance

Customer funds added to the account

Spending record

Transactions shown on one monthly statement

Rewards

Advertised 1% cashback on eligible spending from either balance

The company said existing cardholders could use preloading immediately through their accounts, while new customers first needed approval and an issued card. It also described paying pending balances early to release credit capacity. [S01]

Why the distinction matters for rewards

The wider Capital on Tap rewards programme included cashback, travel and gift cards. The preloading announcement concerned the funding and earning side of that relationship, rather than a separate launch of gift-card inventory.

For a business making a large purchase, the practical question is how its own cash and available credit interact. That requires understanding the account rules, the timing of funding and which transactions qualify for rewards. A headline cashback rate alone does not answer those questions.

The release did not set out every limit or contractual condition. This article records the feature as announced in January 2024 and does not treat those historical marketing terms as a current offer.