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Investments glossary

Open Loop Card


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Quotes of the day:

Doctors pour drugs of which they know little, to cure diseases of which they know less, into patients of whom they know nothing.

— Moliere

An open loop card is a general-purpose charge card that can be used anywhere that brand of card is accepted. It usually bears the logo of the card brand or network (which processes the actual transactions), such as Visa, MasterCard, American Express, or Discover. In the case of cards offered through financial institutions, like Visas or MasterCards, it often shows the name of the issuing bank or credit union as well.

VIDEO: Consumers choosing 'Open Loop' credit cards
VIDEO: Consumers choosing 'Open Loop' credit cards
Title
VIDEO: Consumers choosing 'Open Loop' credit cards
Runtime
2:05
View count
69
Date posted
Jul 21, 2018
Open and Closed Loop Payment Systems Slideshow
Title
Open and Closed Loop Payment Systems Slideshow
Runtime
26:28
View count
6,509
Date posted
Jul 12, 2015
My Credit Card PAID ME to Buy $1,000 of Visa Gift Cards
Title
My Credit Card PAID ME to Buy $1,000 of Visa Gift Cards
Runtime
8:28
View count
2,226
Date posted
Jan 19, 2021

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