Overview
The Loop Global Visa Credit Card helps Canadian businesses simplify cross-border spending and manage global payments with ease.
Unlike traditional bank cards that convert every purchase at high rates, Loop lets you spend and repay in multiple currencies — CAD, USD, EUR, and GBP — directly.
With no annual fees and up to 55 days interest-free repayment, Loop helps your business save on fees while improving cash flow.
Who It’s For
The Loop Global Visa Credit Card is ideal for:
Entrepreneurs and SMEs with international vendors or suppliers
Finance teams managing multi-currency expenses
Businesses seeking higher credit flexibility without relying on personal credit
Companies looking for longer repayment windows and better control over team spending
Global teams that value transparent rewards, FX savings, and integrated spend controls
Why Use the Loop Global Visa Credit Card?
Built for global-minded businesses, the Loop Credit Card offers:
Global by default: Spend and repay in CAD, USD, EUR, or GBP to avoid forced FX conversions.
Flexible credit access: You could be approved for higher limits based on business performance, not personal credit.
Lower costs: Save an average of 2.5–3% in FX and banking fees compared to traditional cards.
More time to pay: Enjoy up to 55 days interest-free, helping you manage working capital.
No annual fees: Keep costs predictable while scaling your business.
Key Benefits
No FX fees: Pay and settle in the same currency — CAD, USD, EUR, or GBP.
Flexible credit limits: Approval amounts depend on your company’s revenue and repayment history; businesses could be approved for limits up to seven figures.
55-day interest-free repayment: Longer than most corporate cards, helping you preserve cash flow.
Instant credit access: Payments from Loop accounts apply immediately; external bank payments post within four business days.
Integrated rewards: Earn points on eligible purchases (including USD spend) and redeem them with brands like Amazon, Uber, and Air Canada.
Spend controls & protection: Set card limits, block merchant categories, and enjoy fraud coverage up to $25,000 per cardholder.
Global acceptance: Use anywhere Visa is accepted worldwide.
No annual fees: Keep your business costs simple and transparent.
How It Works
Apply: Open a Loop Account and apply for a Loop Credit Card. Approval depends on your business’s revenue and repayment profile.
Spend: Use your card globally for purchases in CAD, USD, EUR, or GBP.
Manage: Control limits, track expenses, and monitor transactions directly from your Loop Dashboard.
Repay: Repay in the same currency you spent — or convert at Loop’s low FX rates (0.1–0.5% markup).
Optimize: Set up autopay, use Instant Deposit for faster access, and redeem rewards as your business grows.
FAQs
Is the Loop Credit Card tied to my personal credit?
No. Loop only performs a soft credit check at signup, which doesn’t affect your personal credit score. The card is issued to your business.
How are credit limits determined?
Limits depend on your company’s revenue, repayment history, and business performance. Businesses could be approved for credit up to seven figures.
What is the interest-free period?
You’ll have up to 55 days to repay balances without interest — about 15 days longer than most business cards.
How does repayment in multiple currencies work?
Balances are tracked separately in CAD, USD, EUR, and GBP. You can repay directly in each currency, avoiding unnecessary FX conversions.
Are there any annual or recurring fees?
No. Loop does not charge annual or recurring card fees.
Can I use the card worldwide?
Yes. The Loop Credit Card is a Visa product accepted globally across suppliers, platforms, travel, and everyday business expenses.
What protections are included?
Loop offers advanced spend controls, fraud monitoring, and coverage of up to $25,000 per cardholder for unauthorized transactions