Products
Multi-Currency Corporate Card
Spend in four currencies with one card
Capital
Long term growth capital
Multi-Currency Accounts
Access local bank details in the US
Payments
Send money around the world
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Our Story
How Loop changed Canadian banking
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Common questions about Loop
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Products
Multi-Currency Card
Capital
Multi-Currency Accounts
Payments
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Comparison Chart
See how Loop Card stands out against other cards.
Loop Card
Bank Credit Cards
American
Express
Prepaid Cards
International Purchases
Purchase in original currencies
Yes
No
No
No
Pay back in currency have in your account
One account and card for CAD, USD, EUR, GBP
Different cards for CAD and USD
Only CAD
Only CAD
Earn Points on foreign spending
Yes
No
Yes
No
FX Fees
No Fees.
Optional conversion at 0.5%
3-5% Markup on Network FX Fees
N/A
N/A
Flexibility With Spending
Interest free period
55
35
50
0
Automatic credit limit increases
Yes
No
No
No
Credit limit calculation
Most recent sales channel performance (Shopify, Amazon, Stripe etc.)
GIC, prepaid cash amount or annual financial statement revenue
Personal income
Prepaid cash amount
Account creation to spending time
10 minutes
5+ business days
5+ business days
1+ business day
Fees
Annual fees
No
Card Dependent
Yes
Card Dependent
Monthly fees
No
No
No
No
Cancellation fees
No
No
No
No
FX fees on USD, EUR, GBP purchases
No
Card Dependent
Yes
Yes
