To have a card a monthly recurring limit
Step 1: Go to Cards page under Reap Card tab after logging into Reap dashboard. Click on the card you want to make changes.
Step 2: On the Card details section, fill out the desired limit for your card, then click Save to confirm the change.
For cards with a fixed spend limit, the spend limit will only be reset on the 1st of each month. If your team make an early repayment during a certain month, the repaid amount will not be reflected on this type of card until the 1st day of the following month.
To have a card with no predefined limit
Step 1: Go to Cards page under Reap Card tab after logging into Reap dashboard. Click on the card you want to make changes.
Step 2: On the Card details section, turn off the Spend limit toggle, then click Save to confirm the change.
For cards with no spend limit, the limit of these cards will depend on the company's unallocated limit (shown on the credit information chart on the transactions page). All cards with no spend limit will share the unallocated limit until they are all spent.
If your team makes an early repayment during a certain month, the unallocated limit will refresh accordingly. As a result, you can immediately spend the early repaid amount to reuse the credit line within the month.
To Top-up a top-up Card
Step 1: Go to Cards page under Reap Card tab after logging into Reap dashboard. Click on the top-up card you want to increase the limit.
Step 2: Click on the card itself (instead of the options button) to find the Top up button located at the bottom left of the right sidebar.
Step 3: On the pop-up window, please fill out the desired limit for your card, then click Save to confirm the change. Please note that the allocated amount is locked with this card, meaning that the other recurring cards are unable to transact with the allocated credit limit.
Suggested read: If you would like to know the differences between a Recurring card and a Top-up card, feel free to go to How to create a virtual card?