Resources

It’s only required reading if you’re looking to level up your business knowledge. Check out our assortment of financial tidbits and case studies to see how Float can make things easier for your business.

💡 Looking for information on how to troubleshoot features in your Float account?
Visit our Help Centre for access to even more instructional articles and guides.

Financial Outlook of Canadian SMBs in 2025

Float surveyed 400+ SMBs about how they’re navigating the triple threat of 2025: rising operational costs, demand uncertainty and inflation.

Here’s what we found.

Read more >

What is a fleet card? Canadian business guide

Corporate Cards

What is a Fleet Card? Your Guide to the Best Fleet Fuel Cards in Canada

Explore the best fuel cards for small businesses in Canada. Learn about the benefits of using fleet cards to save on fuel and vehicle maintenance costs.

Read More

Corporate Cards

How to Set Up a Corporate Card Program

Learn how to set up a corporate card program that streamlines expenses, boosts control, and empowers your team without headaches.

Read More

Corporate Cards

Corporate Credit Cards in Canada: A Practical Guide for Businesses

Discover how corporate credit cards work in Canada. Types, perks and how to find the best ones for your business.

Read More

Corporate Cards

Discover: Virtual Credit Cards for Canadian Businesses

Explore the benefits of virtual credit cards with Float. Discover how this modern payment solution enhances security and simplifies your financial transactions.

Read More

Corporate Cards

Unlocking Benefits: How to Get a Virtual Credit Card for Your Canadian Business

Discover how your Canadian business can benefit from a virtual credit card. Unlock convenience, security, and smarter spending today with our expert guide!

Read More

Corporate Cards

Understanding Credit Cards, Charge Cards and Secured Cards

Explore the differences between credit cards, charge cards, and secured cards. Learn how each option can benefit your financial journey with Float.

Read More

Corporate Cards

How to Get a Business Credit Card: A Step-by-Step Guide

Discover how to secure a business credit card with our guide. Boost your financial flexibility and manage expenses effectively with Float!

Read More
virtual cards

Corporate Cards

Top Five Use Cases for Virtual Cards in Canadian Businesses

Discover the top 5 use cases for virtual cards in Canadian businesses. Streamline expenses, enhance security, and boost efficiency with Float’s solutions.

Read More
virtual cards

Corporate Cards

Best Business Virtual Credit Cards in Canada in 2024

Discover the Best Business Virtual Credit Card in Canada in 2024. Compare top options from major banks, explore rewards, fees, and benefits.

Read More
phone and float card

Corporate Cards

Best Business Credit Card in Canada in 2025

Discover the Best Business Credit Cards in Canada in 2024. Compare top options from major banks, explore rewards, fees, and benefits. Find the perfect card for your company’s needs, from cash back to travel perks. Learn about expense management essentials for small business success.

Read More
Why you Should Consider Prepaid Business Credit Cards in Canada? Prepaid business credit cards can be a great option for Canadian companies looking for a convenient and flexible way to manage their finances. These cards work similarly to regular credit cards, but instead of borrowing money from a bank, you load funds onto the card in advance. This can be a useful tool for businesses that want to control their spending and avoid going into debt. Let's dive into the nitty-gritty details of how prepaid corporate cards work, what to look for when choosing one. Finally, let's review at the end and the best options that exist on the market today. Why Consider a Prepaid Business Credit Card? For many entrepreneurs, managing cash flow can be a real headache. That's where prepaid business credit cards come in handy. They offer a way to keep tabs on expenses without the risk of racking up debt. But how do they differ from other types of credit cards? And are they the best fit for your business needs? The Ins and Outs of Prepaid Business Credit Cards Think of a prepaid business credit card as a pay-as-you-go mobile plan for your company's finances. You load it up with cash, and then use it just like a regular credit card. Simple, right? Here's the kicker: you can't carry a balance or build credit history with these cards. They're more about budgeting and expense tracking than borrowing money. Pros and Cons: What's the Deal? Pros: No credit check required Great for budgeting Lower fees than some other options Helps avoid debt Cons: Doesn't help build credit score May have loading fees Limited features compared to traditional credit cards Remember, not all prepaid corporate cards are constructed equally. Solutions like Float operate like a prepaid card, but still offer benefits like a traditional corporate credit card. For example, Float offers: 1% cashback on all categories of spend Doesn't charge hidden fees Your prepaid balance on the card earns you 4% interest in addition to cashback (with no minimums or lock-ins) Finally, Float cards also come with a completely free and easy-to-use software that helps you track receipts and expenses You can see all the features of Float's corporate cards here How Do They Compare to Other Financial Tools? Secured Credit Cards: These cards require a security deposit and can help build or rebuild credit. Unlike prepaid cards, secured credit cards report to credit bureaus, which can boost your credit score over time. Debit Cards: Linked directly to your bank account, debit cards offer similar spending control to prepaid cards. However, they might not provide the same level of purchase protection or perks. Traditional Credit Cards: These offer more flexibility and rewards but come with the temptation to carry a balance. They also typically have higher interest rates and stricter income requirements. Lines of Credit: More flexible than credit cards, lines of credit can be a good option for businesses needing ongoing access to funds. However, they often come with higher interest rates and more stringent application processes. The Importance of Expense Management Software In today's fast-paced business world, tracking expenses is critical. It's important to track your spending, make smart choices, follow rules, and find ways to grow your money. That's where good expense management software comes in. When paired with your prepaid business credit card, the right software can be a game-changer. Find solutions that work well with your card, sorting expenses and creating reports with just one click. This combo can save you hours of manual data entry and reduce the risk of errors. But it's not just about time-saving. Good expense management software can help you understand your spending habits, stick to budgets, and identify any unusual transactions. Some solutions let you set spending limits for team members or departments. This gives you greater control over your finances. Remember, the goal is to work smarter, not harder. Using technology for expenses allows you to focus on growing your business. This frees up time and mental energy. Growing your business is the most important thing. In some solutions, like Float, your get access to a free software to track your business expenses and sync your data with the accounting system like Quickbooks Online or Xero. Float issues prepaid Mastercard and Visa cards making is a no-brainer option for most Canadian businesses. Making the Right Choice for Your Business Choosing the right financial tool depends on your business's unique situation. Ask yourself: Do you need to build credit? Are you comfortable with the possibility of debt? How important is the software integration and time to close your books at the month end? How important are rewards and perks? What's your current credit score? If you're just starting out or want to keep a tight lid on spending, a prepaid business credit card could be your best bet. But if you're looking to establish credit or earn rewards, you might want to explore other options. Tips for Making the Most of Your Prepaid Business Credit Card Shop around for the best deals Read the fine print on fees Set up automatic reloads to avoid running out of funds Keep track of your spending to identify cost-saving opportunities Consider upgrading to an unsecured card once your business is more established FAQ Q: Can I build credit with a prepaid business credit card? A: No, prepaid cards don't report to credit bureaus. For credit building, consider a secured credit card instead. Q: Are there any income requirements for prepaid business credit cards? A: Generally, no. That's one of the perks of prepaid cards – they're accessible to businesses of all sizes and stages. Q: How do I pay my bill with a prepaid business credit card? A: There's no bill to pay! You load money onto the card before spending, so you're always using your own funds. Q: Are prepaid business credit cards guaranteed? A: While not technically "guaranteed," prepaid cards are usually easier to get than traditional credit cards since there's no credit check involved. Q: Can I upgrade from a prepaid to an unsecured business credit card? A: It depends on the card issuer. Some may offer upgrade paths, but you'll likely need to apply for a new card and meet their credit requirements. Remember, when it comes to managing your business finances, there's no one-size-fits-all solution. Take the time to assess your needs, compare your options, and choose the financial tools that will help your business thrive. Whether that's a prepaid business credit card or another option, the right choice is out there waiting for you. The Bottom Line Prepaid business credit cards in Canada help businesses control expenses without worrying about debt. They're not for everyone, but for the right company, they can be a game-changer. If you're a new business trying to save money or a company monitoring employee expenses, consider using prepaid cards. Remember, the best financial tool is the one that fits your business like a glove. So, take your time, do your homework, and choose the card that'll help your business thrive. If you are interested in getting your hands on a prepaid corporate card, you should definitely checkout Float's solution. Float doesn't suffer from the traditional prepaid card shortcomings: Float offers 1% cashback on all categories of spend Float doesn't charge hidden fees Float's cards have excellent acceptance rates in the US and Canada - just like a normal credit card Float also offers high-interest on all prepaid card balances (up to 4% with no minimums or lock-ins) Finally, Float cards also come with a completely free and easy-to-use software that helps you track receipts and expenses Interested to try our Float for free? Follow this link (floatfinancial.com) to sign up in less than 5-minutes completely online.

Corporate Cards

Why You Should Consider Prepaid Business Credit Cards in Canada

Discover the pros and cons of prepaid business credit cards in Canada. Learn how they work, top options, and if they’re right for your company’s financial strategy.

Read More

Corporate Cards

Five Easy Ways to Achieve Business Savings with a Corporate Card

Discover five easy ways to achieve savings for your business by picking the right corporate card solution. Earn cashback and interest, minimize FX costs, decrease inefficiencies

Read More

Corporate Cards

Why You Should Create a Separate Card for Each Vendor

Overcharged and Overwhelmed? Not on our watch. Float has designed a feature that allows you to easily manage transactions from ALL your vendors.

Read More

Corporate Cards

3 Common Misconceptions About Corporate Cards for Startups

We’re here to clear the air on some of the most common misconceptions around corporate cards so you can spend smarter and scale. 🚀

Read More

Corporate Cards

Why Virtual Cards Are More Secure Than You Think

Virtual cards. What are they?

Read More

Corporate Cards

How Corporate Cards Can Benefit Startup Companies

Many startups often fail due to a lack of capital in their first year of operating. Corporate cards — physical and virtual — serve as a great tool to help startups effectively manage their growth, monitor spending and increase operational efficiency.

Read More

Corporate Cards

What Are Virtual Cards?

Unlock financial freedom with virtual credit cards! Instant access, customizable limits, and enhanced security. Control spending, shop worry-free online, and say goodbye to physical plastic. Embrace the future of smart spending today!

Read More

Corporate Cards

Still Sharing Credit Card Details over Slack?

Sharing corporate card credentials creates admin overhead, security concerns and makes reconciliation harder.

Read More

Your questions,
answered

Float is an easier, smarter way to manage your business spending. Think of it as a combination of no-personal-guarantee corporate cards and intelligent spend management software to help you automate, control, and manage your company’s spending.

Float customers have access to physical and virtual corporate cards in both USD and CAD. Once you issue cards to employees, Float will collect receipts after every transaction. Each transaction is then automatically coded and matched with its receipt, ready to export to your accounting software.

Just like a ‘regular’ corporate card, our cards are used around the world anywhere VISA and Mastercard are accepted. With accounts in both CAD and USD, it’s easy to switch between the two currencies when you need to.

Physical and virtual cards work essentially the same way! Virtual cards act the same way as physical cards, in that you can use them for any spend where you need to enter in a card number. Virtual cards can be created instantly whenever you need them, and are perfect for online expenses like recurring expenses or ad spends. Both virtual and physical cards are linked directly to Float software with individual card controls to help manage spend.

Float offers personalized payment terms based on your business’s stage of growth. With Float’s Pre-funded CAD and USD cards, your limits = your bank balance. You can connect multiple bank accounts in CAD or USD, and even set up automatic top-ups to ensure your cards never run out of funds. With Float’s Charge card (CAD and USD), you can apply for up to $1M in unsecured 30-day credit terms that you can automatically pay down throughout the month.