Overview
Loop offers flexible card options that connect seamlessly with your Loop Accounts, allowing your team to spend globally without high conversion costs.
You can issue virtual or physical cards, manage spending limits, and track all transactions in real time — all from your Loop Dashboard.
Loop Cards come in two main types:
Account-Linked Cards — spend directly from your Loop account balances.
Loop Global Visa Credit Card — access credit in multiple currencies with no FX fees on major currencies.
Account-Linked Cards
What They Are
Account-Linked Cards are debit-style cards that draw funds directly from your Loop Accounts. You can issue them to yourself or team members to spend company funds instantly and securely.
Key Features
Funded directly from your balances: Each card is linked to one or more of your Loop Accounts.
Multi-currency or single-currency: Choose whether a card can access all supported currencies or only one (for example, CAD only).
No FX fees when spending in CAD, USD, EUR, or GBP — the matching account balance is used automatically.
Smart FX conversion: When you spend in another currency, Loop automatically converts at the Visa rate plus your plan’s FX markup (0.1%–0.5%).
Instant updates: Converted or topped-up funds are immediately available to spend.
When to Use
Use Account-Linked Cards for everyday purchases, travel, or vendor payments directly from your Loop balances. They’re ideal for teams managing operating expenses in multiple currencies.
Loop Global Visa Credit Card
What It Is
The Loop Global Visa Credit Card gives your business flexible credit to spend globally while earning rewards. It supports CAD, USD, GBP, and EUR with no FX fees when you spend in those currencies.
Key Features
Up to $1 million in credit, depending on your approval limit.
No FX fees when spending in CAD, USD, GBP, or EUR.
55-day grace period — no interest if you pay your balance in full by the due date.
Earn Loop Rewards redeemable for travel and gift cards.
Manage everything — statements, balances, and payments — directly from your Loop Dashboard.
When to Use
Use your Loop Global Visa Credit Card for larger expenses, travel, or flexible working capital needs — anywhere Visa is accepted.
How Loop Cards Connect to Your Accounts
Loop Cards integrate directly with your Loop Accounts so you can spend, convert, and track funds in one place.
Fund your account: Deposit or convert funds into CAD, USD, EUR, or GBP.
Spend globally: Use Account-Linked or Credit Cards to make purchases.
Automatic funding: Account-Linked Cards draw from your balances; Credit Cards operate on approved credit.
Track in real time: All transactions and conversions appear instantly in your dashboard.
Notes / Tips
Virtual or physical options: Issue cards instantly or order physical ones for travel.
Set controls: Manage limits, permissions, and card-specific spend rules per user.
No hidden FX fees: Transactions in supported currencies draw directly from your balances.
Real-time sync: All card activity instantly updates your account balances.
FAQs
What’s the difference between Account-Linked Cards and the Credit Card?
Account-Linked Cards use funds from your Loop accounts; the Loop Global Visa® Credit Card provides a line of credit.
Which currencies are supported without FX fees?
CAD, USD, GBP, and EUR — all draw directly from your linked accounts or credit lines with no conversion costs.
Can I issue cards to my team?
Yes. You can create individual cards for team members with custom spending limits.
Are card transactions shown in my account balances?
Yes. Transactions update balances in real time for Account-Linked Cards; Credit Card activity appears in your credit dashboard.
Can I use my cards internationally?
Yes. Loop Cards work globally anywhere Visa is accepted