Ramp · Corporate charge
Ramp review
Ramp’s Canadian corporate card pays 1% cashback on eligible spend on both its CAD and USD cards, with a CA$0 free plan and no personal guarantee. It comes with Ramp’s spend management tools: per-card limits, merchant restrictions and automated receipt coding.
Who Ramp is best for
Companies with at least CA$25,000 in the bank, founders who don’t want to sign a personal guarantee and teams spending in both CAD and USD.
Early-stage businesses below the CA$25,000 balance requirement and businesses in provinces or territories Ramp doesn’t serve.
Ramp’s Canadian corporate card pays 1% cashback on eligible spend on both its CAD and USD cards, with a CA$0 free plan and no personal guarantee. It comes with Ramp’s spend management tools: per-card limits, merchant restrictions and automated receipt coding.
Eligibility is the main hurdle. You need CA$25,000 in connected bank accounts, and Ramp is available in 8 of Canada’s 13 provinces and territories. A fee also applies when you pay in a currency that doesn’t match the card, so use the CAD card for CAD purchases and the USD card for USD. For established Canadian companies that qualify, it’s one of the strongest free options.
Fees, features and eligibility
| Rewards | 1% on eligible CAD and USD card spend |
|---|---|
| Annual fee | CA$0 |
| Fees | CA$0 per user (free plan) |
| Payment terms | Statement paid monthly |
| Foreign transaction fee | Applies when the purchase currency differs from the card |
| Card type | Corporate charge |
| Eligibility | CA$25,000 in connected bank accounts; available in 8 of 13 provinces and territories |
| Personal guarantee | Not required |
| Currencies | CAD and USD cards |
Source: Ramp published product information.
What stands out
Pros
- 1% cashback on CAD and USD cards
- No personal guarantee
- CA$0 free plan
Cons
- Requires CA$25,000 in connected bank accounts
- Available in 8 of 13 provinces and territories
- Fee when the purchase currency differs from the card
Ramp: common questions
Does Ramp require a personal guarantee in Canada?
No. Ramp’s Canadian programme doesn’t require a personal guarantee.
How much cashback does Ramp pay in Canada?
Ramp pays 1% cashback on eligible spend on both CAD and USD cards. Cashback on USD cards is paid in USD.
What does Ramp cost in Canada?
Ramp’s free plan is CA$0 per user a month.
Who can get a Ramp card in Canada?
You need CA$25,000 in connected bank accounts, and Ramp serves 8 of Canada’s 13 provinces and territories.
Does Ramp charge foreign transaction fees in Canada?
A fee applies when the purchase currency is different from the card’s currency. Using the CAD card for CAD purchases and the USD card for USD purchases avoids it.
Used Ramp? Help other businesses choose.
