Overview
Card-based spending limits help you manage budgets across teams, departments, or expense types. When a limit is set, any transaction that would exceed that amount will be automatically declined. You can customize the limit amount and how often it refreshes to match your business needs.
For example:
Give a monthly allowance to a marketing card.
Set an annual cap for event spending.
Apply a lifetime limit for one-time project purchases.
How to set a spending limit
Go to the View Cards page
Log in to your Loop Dashboard and select View Cards.
Click on the card you’d like to set a spending limit for.
Open the Spending Limits section
Under the card details, click Change Limits.
Choose your Limit Type
Select how often the limit should refresh:
Monthly: Resets every calendar month.
Annual: Resets every calendar year.
Lifetime: Never resets (the limit stays fixed permanently).
Enter the limit amount
Specify the maximum amount this card can spend within the chosen time frame.
Click Update
Once saved, the spending limit takes effect immediately.
Review your limits
You can see the total limit, amount spent, and the next reset date under the Spending Limits section.
Example: This card is limited to $1,000 per month, resetting automatically at the start of each new month.
Notes
Only Admins, Card owners and Bookkeepers can set or adjust spending limits.
Limits apply to all transactions made with that specific card.
When a card reaches its limit, new transactions will automatically be declined until the limit resets.
You can edit or remove limits anytime from the Spending Limits section.
FAQs
Can I set different limits for different cards?
Yes — each card can have its own unique limit and reset schedule.
What happens when a card hits its limit?
Any additional transactions will be declined until the limit resets or you update it.
Can I change the limit mid-cycle?
Yes. You can adjust the limit or reset schedule at any time — changes take effect immediately, and Loop resets the limits automatically at the start of each period.