Ramp · Visa
Business card
No annual fee, unlimited employee cards and no foreign transaction fee. It needs CA$25,000 sitting in your bank account and will not take sole traders.
Rates and features verified 2026-08-18Full terms and conditionsHow we research cards
What we like, and what we don’t
Worth having
- No annual fee and unlimited physical and virtual employee cards on the free plan
- No foreign transaction fee
- No personal guarantee required
- Strong expense management and accounting integration, which is the actual product
- Underwritten on the business, so personal credit is not assessed
Watch out for
- A CA$25,000 minimum balance is required in your connected bank accounts, and it is documented in a support article rather than on the marketing page
- Sole proprietors and partnerships cannot apply at all
- Ramp publishes no Canadian cash back or points rate. The US programme's 1.5% is not stated for Canada
- No interest rate is published because the card is settled rather than revolved
- No travel insurance or purchase protection
What this card earns
- What we value a point at
- Not published by the issuer
The earning fine print
Ramp's Canadian page publishes no cashback or points rate. Its US programme's 1.5% cashback is not stated for Canada. Treat Canadian rewards as NOT PUBLISHED.
What the offer actually requires
30-day free trial of the Plus plan.
Fees and interest rates
- Annual fee
- None
- Employee card
- Free
- Employee cards included
- None
- Foreign transaction fee
- None
- Purchase APR
- Not published by the issuer
Who can get this card
- Not available in
- QC, SK, NT, NU, YT
- Personal guarantee required
- No you are personally liable for the balance
What the benefits really mean
Ramp launched its Canadian entity offering in July 2026 (Toronto office). Charge-style corporate card underwritten on the business, no revolving APR published. HARD ELIGIBILITY BARRIERS, all from Ramp's own support documentation: (1) MINIMUM CASH BALANCE. 'Your connected bank accounts need a balance of at least CA$25,000'; this is the single biggest gate and a bank card has no equivalent. (2) ENTITY TYPE. Must be 'a corporation or limited liability company registered in Canada'; SOLE PROPRIETORSHIPS AND PARTNERSHIPS ARE EXCLUDED. (3) GEOGRAPHY. Operations must be in AB, BC, MB, NB, NL, NS, ON or PE only. (4) Restricted industries include cryptocurrency and cannabis. PERSONAL GUARANTEE: none. 'Ramp does not pull personal credit bureau data for Canadian applications. There are no personal credit checks or personal guarantees.' No minimum revenue or venture-funding threshold is published, but the CA$25,000 balance requirement functions as one. Spend in CAD and USD with no FX markup; virtual USD Visa cards available. Free employee cards: Unlimited physical and virtual cards on the free plan (CA$0 per user/month); Plus plan CA$15 per user/month plus a platform fee scaled to team size. Issued by Peoples Trust Company. CA$25,000 minimum connected bank balance. This is a genuine barrier that no Canadian bank small-business card imposes, and it is buried in a support article rather than the marketing page. Sole proprietors and partnerships are flatly ineligible. A large share of Canadian small businesses cannot apply at all. Not available in Quebec, Saskatchewan, Yukon, NWT or Nunavut. No rewards rate is published for Canada. Do not assume the US 1.5% cashback carries over. The advertised CA$0 free plan is the software tier; the Plus tier at CA$15/user/month also carries an unpublished platform fee based on team size.
Our verdict
Ramp launched in Canada in July 2026 and the product is an expense platform that happens to issue a card. On that basis it is good: unlimited employee cards for nothing, no foreign transaction fee, no personal guarantee, and controls that a bank card cannot match.
The eligibility is where it stops being for most readers. A CA$25,000 minimum balance in your connected accounts is a barrier no Canadian bank imposes on a small business card, and it is buried in a support article. Sole proprietors and partnerships are excluded outright, which rules out a large share of Canadian businesses. And Ramp publishes no Canadian rewards rate at all, so we record none rather than importing the American one.
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Where this came from. ramp.com/en-ca ; support.ramp.com/applying-for-ramp-as-a-canadian-business (fetched 18 Aug 2026). We take every figure from the issuer’s own pages, never from another comparison site, and we leave a field blank rather than guess at it.