The Float business credit card is a Canadian corporate card with a $0 per user per month Essentials plan, no personal guarantee, and up to 1% cashback on spend. It suits incorporated businesses, startups and teams that want cards and expense tools in one place, and this review sets out what it costs, how the cashback threshold works, and where a traditional business card still fits better. YieldMaple checked Float’s pricing, corporate cards and referral pages on October 7, 2026.
Quick answer: Float’s own site is floatfinancial.com . Float says it requires no personal guarantee and no credit check to open an account, and the full 1% cashback rate applies 1% with over $25k in monthly spending per card program (USD, CAD).
Float at a glance
| Feature | Float |
|---|---|
| Card networks | Visa for CAD cards and Mastercard for USD cards |
| Funding models | Pre-funded cards, or Float Charge credit terms |
| Personal guarantee and credit check | no personal guarantee and no credit check to open an account (better on this row) |
| Cashback | up to 1% cashback on spend; 1% with over $25k in monthly spending per card program (USD, CAD) |
| Cards on Essentials | up to 20 physical cards and unlimited virtual cards |
| Float Charge | unsecured, interest-free 15-day or 30-day terms, repaid in full at the end of the term; limits up to $3M |
| Accounting sync | QuickBooks Online, Xero or custom exports (NetSuite on the Professional plan) |
| FX rate | 0.25% |
| Application | a 2-minute application, with business verification in under 24 hours |
| Essentials plan | $0 per user per month (better on this row) |
| Professional plan | $10 per user per month; starts at $100 a month and includes the first 10 users |
Source: Float's pricing and corporate cards pages, checked October 7, 2026. Conditions and fees apply and are subject to change.
Float’s CAD cards run on Visa and its USD cards on Mastercard, per its corporate cards page. The Essentials plan costs $0 per user per month and includes up to 20 physical cards and unlimited virtual cards; the Professional plan costs $10 per user per month. Float Charge offers unsecured, interest-free 15-day or 30-day terms, repaid in full at the end of the term, with credit limits up to $3M, and Float lists 0.25% FX rates.
Is Float a credit card or a charge card?
Float is not a revolving credit card: its cards are either pre-funded or run on Float Charge terms that are repaid in full. With pre-funded cards, your limits = your bank balance. With Float Charge, a business can apply for unsecured, interest-free 15-day or 30-day terms, repaid in full at the end of the term, with credit limits up to $3M.
That difference matters. A business that needs to carry a balance from month to month needs a traditional credit card or a line of credit; Float does not offer that. A business that pays its card in full anyway loses nothing and gains the spend controls. Float Charge and 1-business-day Fast Funding are subject to Float’s eligibility requirements.
Does Float require a personal guarantee or credit check?
No. Float says it requires no personal guarantee and no credit check to open an account, and it advertises a 2-minute application, with business verification in under 24 hours. Virtual cards are issued virtual cards instantly; physical cards arrive in 5-10 days.
For a founder with a thin or new Canadian credit file, this is the main draw: the card is not tied to the owner’s personal credit. Traditional business credit cards commonly look at the owner’s credit and can involve a personal guarantee, so each issuer’s own application terms are the place to confirm that.
Spend controls and expense management
Each Float card, virtual or physical, can carry its own limit and merchant controls, and cards can be paused, edited or cancelled. Float collects receipts after each transaction, matches them automatically and syncs to QuickBooks Online, Xero or custom exports (NetSuite on the Professional plan). A contractor can be given a card with a limit of, say, $500 a month that works only at the software vendors they need.
How much does Float cost?
Float’s Essentials plan costs $0 per user per month; the Professional plan costs $10 per user per month, and its active-user pricing starts at $100 a month and includes the first 10 users.
| Feature | Price | What it adds |
|---|---|---|
| Essentials | $0 per user per month | up to 20 physical cards and unlimited virtual cards, cashback, bill pay, reimbursements, accounting sync |
| Professional | $10 per user per month (starts at $100 a month and includes the first 10 users) | Unlimited physical cards, multi-level approvals, NetSuite integration, a free 90-day trial |
| Enterprise | Custom (contact Float) | Dedicated support, custom Charge terms, custom pricing and cashback |
Source: floatfinancial.com/pricing, checked October 7, 2026. Float says conditions and fees apply and are subject to change.
The Professional plan comes with a free 90-day trial. On active-user pricing, a hypothetical team of 10 active users stays at the plan’s starting price, because it starts at $100 a month and includes the first 10 users.
How does Float’s cashback work?
Float’s cashback is up to 1% cashback on spend, and the full 1% rate depends on monthly spend: the pricing page footnote sets it at 1% with over $25k in monthly spending per card program (USD, CAD).
Float’s corporate cards FAQ words the same rule as 1% cashback on all categories after the first $25K of monthly spend, which reads as the 1% applying only to spend above the threshold. The two pages give different results, so the wording in a business’s own Float agreement is what counts. On a hypothetical $50,000 of monthly spend on one card program:
- If 1% applies to all spend once the threshold is passed (pricing-page wording): $500 a month
- If 1% applies only to spend after the first $25K (corporate cards FAQ wording): $250 a month
A business spending $10,000 a month on a card program is under the threshold on either reading and does not reach the 1% rate.
Float vs Amex Business cards
Float and Amex business cards solve different problems: Float bundles a corporate card with spend management and pays cashback, while Amex business cards are points-based cards.
| Feature | Float | Amex business cards |
|---|---|---|
| Rewards | up to 1% cashback on spend | Points-based rewards (see Amex's card terms) |
| Personal guarantee and credit check | no personal guarantee and no credit check to open an account (better on this row) | Set by Amex's application terms |
| Carrying a balance | Not possible (pre-funded or repaid in full) | Depends on the card |
| Expense management | Built in (receipts, approvals, bill pay) (better on this row) | Separate tool or add-on |
| Accounting sync | QuickBooks Online, Xero or custom exports (NetSuite on the Professional plan) | Varies |
Float per its pricing and corporate cards pages, checked October 7, 2026. Amex's Canadian business card pages did not load for YieldMaple's check on September 30, 2026, so no Amex fees or earn rates are quoted here.
For Amex fees, earn rates and the other Canadian options, the best business credit cards in Canada guide compares them side by side. Personal cards used for business spending are covered in the best cashback credit cards in Canada guide and the no-fee credit card guide.
Who is Float built for?
Float is built for Canadian businesses that pay their cards in full and want cards, receipts and approvals in one tool, without a personal guarantee.
Float fits if:
- The business pays its card balance in full each month
- The founder does not want to personally guarantee a card, or has a thin personal credit file
- Employees or contractors need cards with their own limits
- The team wants receipt capture and accounting sync built in
- Monthly card spend per card program is above the cashback threshold of 1% with over $25k in monthly spending per card program (USD, CAD)
A traditional business card fits better if:
- The business needs to carry a balance from month to month
- The owner wants a points program with travel transfer partners
- Card spend is low enough that the 1% cashback tier is out of reach and another card’s base rewards pay more
How does the Float referral program work?
Float’s customer referral page offers the referrer a $500 Amazon gift card once the referred business signs up and spends $25,000, and Float says there is no limit on the number of referrals.
The referred business gets $500 in cashback after spending $25,000 within 90 days. The details are governed by Float’s Terms of Service and can change.
Is Float safe?
Float is a financial technology company registered with FINTRAC as a money services business, and not a bank. Per Float, funds tied to the Float Visa Card, including business-account funds, are held in trust in segregated accounts at Canadian CDIC member institutions and eligible for CDIC deposit insurance, subject to eligibility requirements and coverage limits.
The Float USD Mastercard is issued by Thread Bank, Member FDIC. Float says it has raised more than $300 million (CAD) from investors including Inovia Capital, Goldman Sachs Alternatives, OMERS Ventures, Silicon Valley Bank and BDC Capital. CDIC insurance covers eligible deposits if a member institution fails; it does not cover losses from card fraud or from Float’s own business decisions, so fraud and dispute handling fall under Float’s card terms.
Bottom line
Float is a strong fit for Canadian businesses that pay in full and want spend controls without a personal guarantee: the Essentials plan costs $0 per user per month, and cashback reaches 1% only 1% with over $25k in monthly spending per card program (USD, CAD). Businesses that need to carry a balance, or that spend well under the threshold, will find a traditional business card more useful.
This review is general education, not financial advice.
Float’s site: floatfinancial.com