investor.com is committed to the highest ethical standards and reviews services independently. Learn How We Make Money

Capital on Tap Business Credit Card vs Truist Business Cash Rewards Credit Card 2024

investor.com

Written by investor.com

December 18, 2023

In head-to-head competition, which of these rewards credit cards wins out? Here’s what each has to offer and how they fare when put to the ultimate test — the cash back you’ll earn for using them.

Capital on Tap Business Credit Card
Earn 1.5% cashback on all purchases. Credit limits up to $50,000. No foreign exchange fees. Apply in two minutes and get a response within 48 hours. Applying won’t affect your credit score. Get $200 back if you spend $15,000 in your first three months.

Truist Business Cash Rewards Credit Card
Earn 3% cash back on gas and 2% at restaurants and office supply stores, up to $2,000 in combined spend in 2% and 3% categories per month. Earn 1% cash back on all other eligible purchases. 0% intro APR on purchases for nine months after account opening.

Credit Card Calculator
Monthly Spend
Spend Categories expand_more
Clear All
dining Dining
local_gas_station Gas
monetization_on Other
card_travel Travel
phone_iphone Cell Phones
print Office Supplies

Capital on Tap Business Credit Card

Read review
Capital on Tap Business Credit Card Logo
Cashback Per Year
$...
Annual Fee
$0
Welcome Bonus
$200

Truist Business Cash Rewards Credit Card

Read review
Truist Business Cash Rewards Credit Card Logo
Cashback Per Year
$...
Annual Fee
$0
Welcome Bonus
N/A
Want to compare more cards? Use our full calculator.

Which credit card earns more cashback overall?

Based on identical spending inputs, you’ll earn $464.40 cashback per year with Capital on Tap Business Credit Card and $479.88 with Truist Business Cash Rewards Credit Card. For context, the average annual rewards payout from the business rewards credit cards in the investor.com database is $181.73.

The annual rewards payout assumes you charge $2,580 each month spread across the following spending categories: Cell Phones ($516), Dining ($516), Gas ($258), Office Supplies ($387), Travel ($387), and Other ($516). The dollar amounts for each category are based on average small-business spending data (how much business spend proportionally in each category) from the U.S. Bureau of Labor Statistics and other sources. We encourage you to use our business card rewards calculator to customize the amounts based on your business’s actual spending patterns.

To ensure the most accurate results possible, the rewards calculations for Capital on Tap Business Credit Card and Truist Business Cash Rewards Credit Card incorporate bonus rewards rates, spending caps, default rewards rates and annual fees, where applicable.

Is the Capital on Tap Business Credit Card good?

If you’ve got a rock star credit record, are approved for a high credit line and a low ongoing APR (we’re talking as low as 9.99%), and can make do with a 1.5% cashback business credit card without tons of frills, the no-fee Capital on Tap Business credit card just might do, as long as your business qualifies.

thumb_up Likes

  • Simple no-fuss 1.5% cash back on all purchases
  • No rewards caps or categories to track
  • High potential credit line — up to $50K
  • Low 9.99% potential APR
  • No annual fee
  • No foreign transaction fees
  • Applying doesn’t impact your credit score

thumb_down Dislikes

  • High $15K spending requirement to earn $200 sign-up bonus
  • No balance-transfers allowed. Period
  • No intro APR on new purchases or balance transfers
  • High end of the range of potential APRs is in nosebleed territory
  • 10% minimum monthly payment requirement
  • Sole proprietorships and charities/non-profits need not apply


Category Default Rate Bonus Rate Bonus Spend Cap Bonus Spend Period (Months)
Cell Phone 1.50% - - -
Dining 1.50% - - -
Gas 1.50% - - -
Travel 1.50% - - -
Office Supplies 1.50% - - -
Other Purchases 1.50% - - -

Is the Truist Business Cash Rewards Credit Card good?

It’s the monthly spending cap that triggered our side eye. Once you hit the $2,000 combined — c-o-m-b-i-n-e-d 👀 — limit on the purchases within the two top cashback categories, it’s all downhill, unless you’re a Truist biz banking customer and qualify for the Loyalty Cash Bonus booster.

thumb_up Likes

  • 3% cashback on gas and 2% on restaurants and office supplies
  • 0% intro APR on purchases for nine billing cycles
  • 10%-50% loyalty cashback bonus for Truist biz banking customers
  • No annual fee

thumb_down Dislikes

  • $2,000 monthly spending cap for 2% and 3% eligible purchases — combined
  • Yes, combined
  • Just 1% cashback on everything else
  • Loyalty Cash Bonus requires maintaining a Truist business deposit account
  • Rewards expire after five years
  • $25 minimum for cashback redemptions
  • No welcome bonus
  • 3% foreign transaction fee


Category Default Rate Bonus Rate Bonus Spend Cap Bonus Spend Period (Months)
Cell Phone 1.00% - - -
Dining 1.00% 2.00% $2,000 1
Gas 1.00% 3.00% $2,000 1
Travel 1.00% - - -
Office Supplies 1.00% 2.00% $2,000 1
Other Purchases 1.00% - - -

compare_arrows Compare cash back credit cards

Select and compare two credit cards head to head to see which offers the most bang for your buck.


Select Credit Cards

×
  • check_box_outline_blankcheck_boxAmazon Business American Express Card
  • check_box_outline_blankcheck_boxAmazon Business Prime American Express Card
  • check_box_outline_blankcheck_boxAmerican Express Blue Business Cash
  • check_box_outline_blankcheck_boxAmerican Express Plum Card
  • check_box_outline_blankcheck_boxBank of America Business Advantage Customized Cash Rewards
  • check_box_outline_blankcheck_boxBank of America Business Advantage Unlimited Cash Rewards
  • check_box_outline_blankcheck_boxCapital on Tap Business Credit Card
  • check_box_outline_blankcheck_boxCapital One Spark 1.5% Cash Select
  • check_box_outline_blankcheck_boxCapital One Spark 1.5% Cash Select for Good Credit
  • check_box_outline_blankcheck_boxCapital One Spark 1% Classic for Business
  • check_box_outline_blankcheck_boxCapital One Spark 2% Cash Plus
  • check_box_outline_blankcheck_boxChase Ink Business Cash Card
  • check_box_outline_blankcheck_boxChase Ink Business Unlimited Card
  • check_box_outline_blankcheck_boxCostco Anywhere Visa Business Card by Citi
  • check_box_outline_blankcheck_boxTD Business Solutions Credit Card
  • check_box_outline_blankcheck_boxTruist Business Cash Rewards Credit Card
  • check_box_outline_blankcheck_boxU.S. Bank Business Leverage Visa Signature Card
  • check_box_outline_blankcheck_boxU.S. Bank Triple Cash Rewards Visa Business Card

Compare

0 of 2

Read Next

Explore our other articles and reviews:

Methodology

The results of the investor.com Credit Card Business Rewards Calculator are based on the monthly spending amounts you enter and the annual dollar value of the rewards each credit card program pays per $1 spent. Credit card companies often express this payout amount as a percentage (e.g., 1.5% of every dollar spent) or on a points basis (e.g. ,1.5 points for every dollar spent). We converted all of them to a dollar amount (“Cash Back Per Year”) to make comparing offers easier.

To calculate the amount of cash back you could earn per year, we factored in:

  • Tiered rewards rates: Some business cards pay a flat cashback rate on all purchases. Others pay higher cashback rates on purchases that fall under specific spending categories. The investor.com algorithm incorporates each issuer’s unique reward’s program to determine the “Cash Back Per Year” tally.
  • Spend category inputs: Based on the rewards cards in our database, cell phones, dining, gas, office supplies, travel and "other" are the categories most often used by business credit cards that feature tiered rewards programs. We encourage you to customize the monthly spend inputs for the most accurate results.
  • Monthly spend: The default dollar amounts for each spend category in the Business Credit Card Calculator are based on average small-business spending data from the U.S. Bureau of Labor Statistics and other sources. Click the arrow on the “Spend Categories” to customize the monthly spend inputs and find the business card with the highest payout rate for your small-business spending.
  • Rewards spending caps: Some cards impose category- or time-based limits (monthly, quarterly, annually) that affect the amount of rewards you can earn. For example, a card may pay 3% cash back on office supplies on up to $1,000 of spending each quarter, then revert to the base/default rewards rate until the following quarter. We accounted for bonus spending caps and timeframe in the calculations.
  • Default rewards rates: Purchases that exceed a spending cap are usually subject to a lower default rewards rate (e.g., 1% or 1.5%). We mathed that out too.
  • Annual fees: If a rewards card charges an annual fee, we deducted that amount from the “Cash Back Per Year” total to provide a true accounting of a card’s annual rewards payout.

What’s not included in the “Cash Back Per Year” total is the cash value of any sign-up/introductory bonus. We highlight any Welcome Bonus separately. While sign-up bonuses can be the most lucrative part of getting a new cashback rewards credit card, not everyone will want or be able to do what it takes to earn the extra cash. (It usually requires spending a certain amount in a specified time period after the card is activated.)



close