Capital on Tap Launches Preloading: Top Up, Earn 1% Cashback on All Spending
Capital One, a leading business finance provider, has rolled out Preloading, a new feature enabling customers to top up their credit balance with their own funds. This innovation allows businesses to earn unlimited 1% cashback on all spending, including preloaded funds, and offers several benefits for managing finances.
Preloading is open to all Capital One customers, including new applicants once their card is issued. While the exact start date for new customers is not specified, the feature is currently available to all cardholders who sign the E-Money Facility Agreement and transfer funds through their account.
Customers can now prepay pending balances immediately with preloaded funds, helping them pay down balances faster. Additionally, preloaded funds can be accessed instantly alongside the existing credit limit, providing a seamless spending experience. All spending, including preloaded funds, appears on one monthly statement, simplifying accounting and cash flow management.
Preloading also allows businesses to make large purchases that would typically exceed regular credit card limits, all while earning cashback rewards on these transactions.
Capital One's Preloading feature offers businesses a new way to manage their finances, providing them with more control over their cash flow and the opportunity to earn cashback rewards on all spending. This innovative solution is now available to all Capital One customers, including new applicants.
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