Business Mastercard

Business Mastercard

Apply Online Today

We are happy to provide our valued business customers with a Mastercard that offers a quick and easy way to get up to 56 days to pay for your business orders – perfect to help manage a healthy cash flow.

The application takes 2 minutes and more than 80% of customers receive a decision within 2 minutes of completing the online form, plus, the whole process does not impact your credit score.

Customers can access their online account 24/7 and the card can be used worldwide wherever the Mastercard logo is displayed.

The Machine Mart Mastercard is managed by Capital on Tap. If you have any questions, feel free to call them on 020 8962 7401

Key Benefits

  • 0.5% cashback on ALL your purchases - A reward for everyday spending

  • No monthly or annual fees

  • £150 bonus cashback if you spend £5,000 in the first 3 months

  • 0% interest for up to 56 days - Perfect to help with a healthy cash flow

  • Have up to 10 cards per account

  • Quick and easy ordering for your authorised buyers

  • Use anywhere at millions of retailers worldwide

  • Monitor spend and manage your account online - 24/7

  • Up to £50,000 credit - Which can grow with your business

  • 0% commission on foreign exchange purchases abroad

  • 5- star rated on Trust Pilot

 

Frequently Asked Questions

How do I apply for a Machine Mart business Mastercard?

You can check your eligibility with a quick application form online. Just click the “Apply Online Today” button above to access the form. 80% of our customers receive a decision within 2 minutes!

Am I eligible for a Machine Mart business Mastercard?

We currently assist businesses registered in the UK which means all the business owners must also be residents of the UK. Limited companies and Limited Partnerships registered with Companies House along with sole traders and partnerships could be eligible*. We look at each business on a case by case basis, however we do have some basic criteria we like all our customers to meet: Your business should have at least 12 months of trading history Your business should have a turnover of at least £24,000 per annum There should be no unsatisfied CCJs against you or your business in the last 12 months

What information do I need to apply?

Our 1 page application will ask for business and basic personal information. If you are a limited company please have your registered number to hand. Once you’re signed up, Capital on Tap’s business compliance team will check that your business complies with regulatory requirements and if all conditions are met we will send you your Machine Mart Mastercard to access your account. In some circumstances we may require further information on your business such as business trading activity or the names and address of the additional business owners; we will contact you within 1 business day via email if this is the case and inform you of any additional requirements in order to complete your application.

How much will it cost me to sign-up?

There are no activation, monthly or yearly fees attached to your Machine Mart business Mastercard account.

How long will it take to get my Machine Mart business Mastercard?

Your Mastercard will be delivered to you within 4 business days from the completion of your account setup.

Will applying with Machine Mart affect my credit rating?

No, just completing an application will not impact on your credit rating.

How do you collect repayments?

Capital on Tap collects via a Direct Debit arrangement. Repayments are taken monthly, you will pay 10% of your balance or £250 at the end of your monthly billing period, whichever is greater. This process is repeated each month until you have repaid in full.

How fast do I need to repay?

The length of time it takes to repay a balance depends on your chosen method of repayment. You can however repay your loan back as quickly as you like, irrespective of your chosen repayment method.

How do I view my statements?

Your statements will be emailed to you at the end of each billing period. You are able to view details of you next payment on your online account.

What happens if I miss a payment?

You should only borrow money that you feel you can comfortably repay. If you hold up your end of the agreement you will never pay more than what was agreed in your contract. You can avoid paying late fees by getting in contact with Capital on Tap in advance if you are aware you will not be able to make a scheduled payment. In the event Capital on Tap can't reach you, your account can incur additional charges for late payment as specified in your funding agreement.

Apply Online Today

 

 

*Eligible Limited Companies can gain access to an initial credit line automatically. Credit approval subject to a soft quotation search of your personal credit file – Limits may vary based on your credit profile. APR as low as 9.9% (subject to status)

The Machine Mart business Mastercard is managed online by Capital on Tap (www.capitalontap.com) which is the trading name of New Wave Capital company number 07959823 (registered in England and Wales, registered office No.1 London Bridge, London SE1 9BG). New Wave Capital Limited is authorised and regulated by the Financial Conduct Authority (FCA) reference number 625592. The card is issued by Valitor hf. whose principal office is Laugavegur 77, 101 Reykjavik, Iceland. Valitor hf. is authorised and regulated by the Icelandic Financial Services Authority as a credit institution (registered number 500683-0589) and regulated in the UK by the FCA (reference number 537475) to issue electronic money in the UK pursuant to a services passport operating under the EC Banking Consolidation Directive. The Card is the property of Valitor hf. and is not transferable. Valitor hf. is licensed as a principal member with Mastercard. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated