Overview
Loop is built to keep your business finances simple and transparent. That means no surprise charges or hidden commitments. Your Loop Card has no annual fee, no monthly maintenance fee, and no long-term contract.
You’re free to use your card for as long as it suits your business needs — and can close it at any time once your outstanding balance is cleared.
FAQs
Are there any annual or recurring fees for the Loop Card?
No, Loop Cards don’t have any annual or recurring fees.
Is there a cancellation fee if I close my Loop Card?
No. You can cancel your card at any time with no fee — just make sure any remaining balance is fully paid.
Do I need to keep my card active for a full year?
No, there’s no annual commitment. You can pause or close your card at any time.
Are there other types of fees I should know about?
Loop doesn’t charge annual or recurring fees. However, depending on your account activity, some transactions (like foreign exchange or late payments) may include standard fees — see your card terms for details.