Glossary and terms about credit cardsHome » Credit Card Glossary

A B C D Z Y X W V U T S R Q P O N M L K J I H G F E List All

Open loop

Open loop is a term used to describe general purpose cards that carry the American Express, Discover, MasterCard or Visa logo and can be used wherever those cards are accepted. Closed loop cards, by contrast, can be used only in a single store or group of stores.