Try Loop Corporate Card And Make Purchases In Four Currencies

Loop Corporate Card Overview

Editorial Note: Comparewise is supported by our readers. When you find products and services through links on our site, we may earn commission.

The Loop Corporate Card allows you to use four currencies with one card.

The Loop Corporate Card is designed for international businesses who want to access a card with no FX fees, no annual fees and four currencies such as CAD, USD, GBP and EUR. With the Loop Corporate Card, you can:

Make purchases without needing to convert currency. So if the purchase price is in GBP, you can instantly pay in GBP.
There are no FX fees as Loop automatically pays in that currency, and you are given 55 days of interest-free purchasing, which is longer than your average credit card.
See your balances in real time through the Loop dashboard, allowing you to track your spending for each currency.
Repay your owing amount in the currency you bought in.
Pay suppliers, pay to cover the running of ads, pay for a coffee or anything you can think of.
Get connected with e-commerce platforms to access the capital needed.

You can access unlimited free virtual cards and two free physical cards with the Loop Corporate Card.

To get the Loop Corporate Card, you just need to go on their website and fill in the registration form to join the waitlist. You would also need to provide details about your business, the channels/payment processors you use, your monthly revenue and other relevant information.

Essential Information

Network

Visa

Provider

Loop

Card Type

Business

Loop Corporate Credit Card - Comparewise

Rewards

Your business can earn 1 point for every dollar spent on all purchases. Examples include:

1 point for every dollar for Facebook ads
1 point for every dollar for Google Ads
1 point for every dollar for software tools such as Shopify
1 point for every dollar for software tools such as Chit Chats

On top of Loop’s point rewards, they will be offering perks and rewards designed for e-commerce coming very soon. Examples include:

Rewards for international shipping
Rewards for buying goods

Loop Corporate Card Cost and Fees

The Loop Corporate Card carries the following costs and fees:

No monthly fees
No annual fees
No FX fees on USD, CAD, EUR and GBP purchases

You may also like: Jeeves Cash Back Business Credit Card

FAQs about the
Loop Corporate Card

Who Should Get a Loop Corporate Card?

The Loop Corporate Card is ideal for businesses that want access to a corporate card with no FX fees, no annual fees and the use of four currencies such as CAD, USD, GBP and EUR. Through Loop, you can make purchases without needing to convert currency and see your balances in real time through their dashboard.

How Does the Loop Corporate Card Work?

The Loop Corporate Card works by giving you a credit limit to meet your business needs and uses four currencies such as CAD, USD, GBP and EUR, in one card. For example, you can instantly pay in GBP if the purchase price is in GBP. You can also earn 1 point for every dollar spent on all purchases and get rewarded for e-commerce activities such as international shipping or buying goods.

What Are The Fees For The Loop Corporate Card?

The Loop Corporate Card carries the following costs and fees: no monthly fees, no annual fees and no FX fees on USD, CAD, EUR and GBP purchases.

How Do I Make Payments For The Loop Corporate Card?

You can see your balances in real time through the Loop dashboard, allowing you to track your spending for each currency. The balance can be paid off through any payment method such as debit card or online banking.

What Are The Requirements For The Loop Corporate Card?

The only requirements for the Loop Corporate Card are details about your business, the channels/payment processors you use, your monthly revenue and other relevant information for the approval of your account.