Float · Charge or prepaid
Float Corporate Card review
Float is a Canadian spend management platform that gives employees charge or prepaid cards with spending controls, live tracking and receipt workflows. The Essentials plan has no monthly card fee, and Float Charge offers 15- or 30-day payment terms, subject to approval.
Who Float is best for
Canadian teams that need employee cards with spending controls, companies spending more than C$25,000 a month on cards and finance teams that want receipts and expenses handled in one place.
Small teams that want cashback on every dollar from day one and businesses outside Canada.
Float is a Canadian spend management platform that gives employees charge or prepaid cards with spending controls, live tracking and receipt workflows. The Essentials plan has no monthly card fee, and Float Charge offers 15- or 30-day payment terms, subject to approval.
The catch is cashback: Float pays 1% only once your company spends more than C$25,000 a month. Smaller teams that want cashback from the first dollar may prefer Venn, which pays 1% with no minimum. Float suits growing Canadian companies that care most about controls and expense workflows, with cashback as a bonus at higher spend.
Fees, features and eligibility
| Rewards | 1% above C$25,000 monthly spend |
|---|---|
| Annual fee | CA$0 |
| Fees | C$0 a month (Essentials) |
| Payment terms | 15 / 30 days, subject to approval |
| Card type | Charge or prepaid |
Source: Float published product information.
What stands out
Pros
- Essentials plan has no monthly card fee
- 15- or 30-day payment terms on Float Charge, subject to approval
- Spend controls and receipt workflows built in
Cons
- Cashback only starts above C$25,000 monthly spend
Float: common questions
Does Float have a monthly fee?
Float’s Essentials plan has a C$0 monthly card fee.
How does Float cashback work?
Float pays 1% cashback once your company’s card spend is above C$25,000 a month. Spend below that threshold doesn’t earn cashback.
What are Float Charge payment terms?
Float Charge offers 15- or 30-day payment terms, subject to approval.
Is Float a charge card or a prepaid card?
Both are available. Float Charge works like a charge card with payment terms, and Float also offers prepaid cards that spend from funds you load.
Float vs Venn: which has better cashback?
Venn pays 1% on all card spend with no minimum, while Float’s 1% starts above C$25,000 a month. Below that level, Venn earns more.
Used Float? Help other businesses choose.
