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Float credit card
Welcome Offer
1% cashback
Purchase Interest Rate
Cash Advance Rate
Balance Transfer Rate
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Our verdict

Earn cashback, pay no FX fees and seamlessly track your receipts and transactions with the Float card.

The Float credit card is a corporate cashback card designed to streamline your business spending. You can choose a free basic plan or a premium plan with more advanced features for a $99 per month fee. All Float cards offer a 1% cashback return, no FX fees, partner rewards and an integrated system to track your spending.


  • Integrated tracking software
  • Unlimited virtual cards
  • Free physical cards


  • Credit limit based on bank balance
  • No insurance
  • Lacking information on interest rates

In this guide

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30-second take

  • Think about this card if you want to earn cashback and you’d like to track all of your business expenses in one place.
  • Choose something else if you want to earn a higher cashback rate or you’d like to shop regularly in multiple currencies.
  • There are no annual income requirements, but your Float card will be linked to your corporate bank account and your credit limit will depend on your bank balance.

How does the Float card work?

The Float card is a cashback card for small businesses. You can choose a basic or premium card depending on the features you want.

Basic Float cardPremium Float card
Pricing$0 per month$99 per month
Credit limitBased on your bank balance

(up to $500,000)

Based on your bank balance

(up to $500,000)

Best forBest for small teams requiring access to basic services, with 5 employees or less needing physical cardsBest for large teams needing more sophisticated spending and tracking functions and unlimited physical cards
Common features1% cashback

0% FX fees

Unlimited virtual cards

Up to 5 physical cards

Unlimited users

Xero & QBO integrations

$500,000 account limit$100,000 limit per transaction

Automatic top-ups

Approval workflows

1% cashback

0% FX fees

Unlimited virtual cards

Unlimited physical cards

Unlimited users

Xero & QBO integrations

$500,000 account limit$100,000 limit per transaction

Automatic top-ups

Multi-level approval workflows

Premium featuresN/ASage custom exports

NetSuite integrations

Slack integration

Team management

Custom onboarding and training

Float card basics

Take advantage of the following benefits with the Float credit card:

  • No need for personal guarantees. Your credit card will be backed by your business so there’s no need for a personal guarantee.
  • Choice of annual fee. You won’t need to pay an annual fee for the basic version of this card. You’ll pay $99 per month for Float’s premium card.
  • Cashback return. Earn 1% or more in cashback on your purchases.
  • Large credit limits. Get a credit limit of up to $500,000 as long as you have the money in your bank account to secure your payments.
  • No foreign transaction fees. Save 1.5% in foreign transaction fees for every dollar you spend overseas.
  • Business rebates. Get deals with tech companies that Float partners with.

Who does Float partner with?

You can get exclusive rewards with the following Float partners:

  • Amazon Web Services. Get $25,000 in AWS Activate Credits and a year of AWS support for free when you sign up with Float.
  • Carta. Enjoy a 20% first-year discount on equity and valuation software, along with waived implementation fees to get set up.

Float card perks

  • Integrated tracking software. Track your transactions and receipts all in one place with integrated expense management software.
  • Unlimited virtual cards. Get as many virtual cards as you need for your employees to shop online.
  • Free physical cards. Take advantage of 5 free cards with Float’s basic plan or unlimited physical cards with Float’s premium plan.
  • Accounting software integration. Export your transactions and receipts to accounting software such as Xero and QuickBooks Online.
  • Approval workflows. Set up automated management approvals for spending across all of your teams through Slack or email.
  • Premium features. Pay $99 per month to access advanced features with your premium Float card.

List of premium features available with paid accounts

You can test the following premium features out with an automatic 60-day free trial:

  • More accounting export options. Export your transactions and spending data to Sage business or NetSuite cloud accounting software.
  • Slack integration. Spenders can request new cards for approval through a simple /spend command in Slack.
  • Team management. Create teams to assign customized spending limits to specific groups of employees.
  • Multi-level approval workflows. Set multi-level approvals for each team and define approval levels based on the spending amount for any request.
  • Custom onboarding and training. Float will introduce your employees to credit cards and lead training sessions on the software.

What to watch out for with the Float credit card

  • Credit limit based on bank balance. The amount you can spend on your card will be limited by the funds you have available in your bank account.
  • No insurance. This card doesn’t seem to come with any type of travel insurance, purchase protection or extended warranty insurance.
  • Lacking information on interest rates. There’s no clear indication on the website about how much you’ll pay in interest to make purchases on this card.
  • Difficult to find customer reviews. There’s very little information about the card on customer review platforms.
  • No multi-currency accounts. You won’t be able to spend and repay funds in the currency of your choice if you own a global business.

What should I know before I apply?

Eligibility requirements

To apply for a Float credit card, you need to meet the following criteria:

  • Be a Canadian citizen or permanent resident who is the age of majority in your province
  • Own a business in Canada

Required documents and information

  • Your name, residential status and contact information
  • Your Social Insurance Number and date of birth
  • Your email address and phone number

Information about your business

How to apply for the Float card

  1. Visit the Float website and click “Try Float” in the top right-hand corner to sign up.
  2. Complete the application, which includes providing your name, email address, Social Insurance Number and birth date.
  3. Review and submit your application.
  4. Speak with a dedicated advisor to get more information.

I got the Float card, now what?

Once you get your Float credit card, you and your employees can start spending money on business purchases. You can then use the Float expense management software to track your transactions and receipts, make your repayments and see how many cashback rewards you’ve earned.

Bottom line

  • The Float card comes with no FX fees, large spending limits, unlimited cards, partner rebates, expense management software and no need for personal guarantees.
  • This card is a good fit for small businesses that want to earn cashback and want spending limits tied to their bank account balance.
  • Choose something else if you want comprehensive insurance or you’d prefer to spend and hold funds on a multi-currency card.

Frequently asked questions about the Float credit card

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