diff --git a/src/pages/workspace/expensifyCard/WorkspaceExpensifyCardPage.tsx b/src/pages/workspace/expensifyCard/WorkspaceExpensifyCardPage.tsx
index b0b517a0aee..bc29918fe45 100644
--- a/src/pages/workspace/expensifyCard/WorkspaceExpensifyCardPage.tsx
+++ b/src/pages/workspace/expensifyCard/WorkspaceExpensifyCardPage.tsx
@@ -36,7 +36,7 @@ function WorkspaceExpensifyCardPage({route}: WorkspaceExpensifyCardPageProps) {
     useFocusEffect(fetchExpensifyCards);
 
     const paymentBankAccountID = cardSettings?.paymentBankAccountID ?? 0;
-    const isLoading = !isOffline && (!cardSettings || (cardSettings.isLoading && Object.keys(cardSettings).length === 1));
+    const isLoading = !isOffline && (!cardSettings || (cardSettings.isLoading && !cardsList));
 
     return (
         <AccessOrNotFoundWrapper