Cards

Card based lending solutions

Card-based financial products provide a seamless and flexible way for businesses and consumers to access credit, manage spending, and enable transactions. Whether issuing credit cards, charge cards, prepaid cards, or specialized corporate cards, Canopy provides the tools to model, manage, and scale these products with precision.

At their core, card-based products are financial instruments that allow users to access funds or credit within predefined rules. These products can be structured to enable revolving credit, require full-cycle payments, or function as stored-value accounts. Canopy’s system is designed to handle the complexity of various card types, from interest calculations and rewards management to compliance and risk control.

Use cases for card based products

Credit Cards (consumer & business)

A traditional revolving credit product where users can make purchases, withdraw cash, and carry balances with interest.
Features:

• Grace periods for purchases to avoid interest charges.
• Tiered APR structures (purchase APR, cash advances, balance transfers).
• Integrate with rewards programs like cashback, miles, or points.
• Dynamic credit limits and balance tracking.

Try it out in your sandbox, refer to Postman collections in your partner workspace

Charge Cards (corporate & premium consumer)

Unlike credit cards, charge cards require full payment at the end of each billing cycle and do not allow revolving balances. For example, fleet & expense management cards designed for tracking business-related expenses
Features:

• Configurable preset spending limit.
• Customizable reward and membership programs.
• Late payment penalties and risk-based spending controls.
• Ideal for corporate expense management and high-net-worth customers.

Try it out in your sandbox, refer to Postman collections in your partner workspace

💡

Any of the above can also be secured with collateral to mitigate risk exposure. Check out our Secured Lending documentation and API endpoints to get started with secured lending