Keep Card Alternatives for Canadians in 2026 Guide

Best Keep Card Alternatives for Canadians in 2026

Canadian businesses searching for corporate card solutions often start with Keep Financial. It's a solid option, but growing companies frequently discover they need more: better multi-currency support, lower FX fees, integrated expense management, or simply a platform that scales with their operations.

This guide focuses exclusively on alternatives verified for Canadian businesses. Every option listed here accepts Canadian entities, handles CAD billing, and addresses the specific needs of companies operating in Canada. Whether you're outgrowing Keep's features or evaluating your first corporate card, you'll find a clear framework for making the right choice.

Modern alternatives now combine corporate cards, multi-currency accounts, and expense management in unified platforms. Understanding what each offers helps you avoid costly mistakes and find the solution that actually fits your business model.

What to Look for in a Keep Card Alternative (Canada)

Before comparing specific platforms, establish the criteria that matter most for your business. The right alternative depends on your spending patterns, international exposure, and operational needs.

Fees (Monthly, Card, FX)

Monthly platform fees range from free to $299 per month. The headline price rarely tells the full story. FX markup matters significantly for businesses with international spend. Traditional banks charge up to 3% on foreign transactions. Fintech alternatives range from 0.25% to 0.5%.

Watch for hidden costs: ATM withdrawal fees, wire transfer charges, and per-user pricing that compounds as your team grows. Calculate your total cost based on actual spending patterns, not just the advertised rates.

Eligibility and Credit Requirements

Corporate card providers vary dramatically in their requirements. Some demand personal guarantees, others don't. Credit check requirements depend on whether you're applying for prepaid, charge, or credit card products.

Canadian entity requirements and provincial availability affect your options. Quebec businesses face restrictions with several providers. Sole proprietors have fewer choices than incorporated businesses, though some platforms specifically welcome them.

Spend Controls and Approval Workflows

Modern expense management requires granular controls. Look for per-card spending limits, merchant category restrictions, and multi-level approval workflows for larger teams. Virtual card creation for subscriptions and one-time purchases prevents overspending and simplifies vendor management.

Real-time spend visibility and instant alerts transform how finance teams operate. The days of waiting for month-end statements to discover problems should be over.

Accounting Integrations

QuickBooks Online and Xero integration capabilities save hours of manual reconciliation. The best platforms offer automated receipt capture and matching, GL coding, and expense categorization that flows directly into your accounting software.

Month-end close that once took days can shrink to hours with proper integration. This operational efficiency often justifies switching platforms even when other features are comparable.

Best Keep Card Alternatives for Canadians

Venn (Best Overall Alternative)

Venn delivers a comprehensive business financial platform combining corporate cards, multi-currency accounts, and expense management in one integrated solution. Unlike Keep's credit card model, Venn offers a charge card with 1% unlimited cashback and some of the lowest FX rates available to Canadian businesses.*

Canadian businesses get real local accounts in CAD, USD, GBP, and EUR. Venn's multi-currency card automatically uses the currency you're paying in first, eliminating unnecessary FX conversions. This automatic currency selection is unique in the Canadian market and saves substantial money on international purchases.

The expense management capabilities include OCR receipt capture, invoice matching, and direct integration with QuickBooks and Xero. Businesses can automate payables and create recipients without requiring invoices first. The platform supports unlimited free Interac e-Transfers® on all plans, making it the only fintech in Canada offering this feature.

For businesses using Stripe, Shopify, or PayPal, Venn's local US account eliminates the 1.5% cross-border fee that typically applies when receiving USD payments into a Canadian account. The real ACH-capable US account means you can send and receive domestic US transfers without SWIFT fees.

Pricing

• No monthly fees on base plan

• FX rates: 0.25%-0.45% depending on plan*

• Global wires: $6-10 depending on plan

• ACH/EFT: $0-2 depending on plan

• 1% unlimited cashback on all card spend (no minimum threshold)

• 2% interest on USD/CAD balances

Pros:

• Multi-currency card that auto-selects the right currency

• Real local accounts (CAD, USD, GBP, EUR) with actual ACH/SEPA capabilities

• 1% unlimited cashback with no spending threshold

• Free unlimited Interac e-Transfers®

• Funds protected under CDIC insurance

• Available to sole proprietorships

• Per-account pricing, not per-user

Cons:

• Charge card model requires full monthly repayment (not revolving credit)

• Not available in Quebec

Best For: Canadian businesses with international operations, multi-currency revenue, or significant monthly spend seeking maximum value without spending thresholds. Ideal for eCommerce businesses receiving USD through Stripe, agencies with international clients, and growing startups needing comprehensive expense management.

Float

Float provides convenient virtual and physical corporate cards designed specifically for Canadian small businesses. As Canada's first smart corporate card with integrated spend management software, Float streamlines business expense management while handling complex provincial tax and accounting nuances.

The platform offers both prepaid and charge card options. The charge card provides up to 30-day credit terms. Businesses can instantly issue cards to every employee, with automatic receipt submission via the mobile app or text. Single-use virtual cards handle one-off purchases securely.

Pricing

• Essentials plan: $0 per month

• Professionals plan: $100 per month for 10 users (90-day free trial)

• 1% cashback with over $25k in monthly spending per card program

• No FX fees with USD cards

Pros:

• Free Essentials plan with unlimited virtual cards

• No personal guarantee or credit check required

• Strong expense management features

• CAD and USD card options

Cons:

• 1% cashback requires $25,000+ monthly spend threshold

• Professional plan adds per-user costs

• Separate cards required for each currency

Best For: Small and medium-sized businesses that need a corporate card without established credit history.

Loop

Loop serves as a global financial platform for thousands of Canadian businesses managing international finances. The company recently launched Canada's first multi-currency credit card for SMEs, strengthening its position in cross-border commerce.

Loop's multi-currency cards let you spend in CAD, USD, EUR, and GBP without FX fees on purchases. Balances display per currency and settle per currency, eliminating unwanted conversions. When currency exchange is necessary, Loop charges a 0.5% markup, significantly less than the 3-4% typical of traditional banks.

The platform offers configurable expense management with customizable approval flows and integrated digital receipt capture by SMS or email. The Loop Global Visa Card pairs with treasury management, FX management, and global payments solutions.

Pricing

• Loop Basic: Free monthly plan

• Loop Plus: $79 CAD/month

• Loop Power: $299 CAD/month

• Up to 55 days interest-free spending

• 0.5% FX markup on conversions

Pros:

• True multi-currency credit card (spend and settle in same currency)

• No FX fees when spending in supported currencies

• 55-day interest-free period

• Strong eCommerce integrations (Shopify, Amazon, Stripe)

Cons:

• Personal guarantee required for companies under $10 million gross profit

• Credit card model means interest charges if balance carried

• Not available for sole proprietors in Quebec

Best For: Canadian businesses operating internationally that want to save on foreign exchange fees. Particularly suited for eCommerce merchants with significant USD, EUR, or GBP transactions.

Wise Business

Wise Business accounts serve freelancers, startups, and companies operating globally. The platform includes everything the personal account offers, plus features designed for business growth without traditional banking overheads and international fees.

The multi-currency account lets you send money with the real exchange rate, receive money for free, and convert currencies with low fees. Both personal and business accounts support adding, holding, and converting over 40 currencies instantly. All conversions and card transactions use the real exchange rate.

Wise allows businesses to give team members their own physical or virtual cards with individual spending limits and real-time transaction monitoring. The batch payments tool processes up to 1,000 payments in one spreadsheet upload.

Pricing

• No monthly fees (pay only for what you use)

• One-time setup fee

• Mid-market exchange rate with transparent conversion fees

• Free overseas cash withdrawals up to $350 CAD monthly

Pros:

• Mid-market exchange rate (no markup)

• 40+ currencies supported

• No monthly fees

• Strong for international payments

Cons:

• No loans, overdrafts, or traditional banking services

• Business users get only one physical card each

• Debit card only (no credit or charge card option)

• No cashback rewards

Best For: Businesses primarily focused on international payments and currency conversion who don't need credit facilities or robust expense management features.

Traditional Bank Corporate Cards (RBC, TD, Scotiabank)

Canada's major banks offer business credit cards with established rewards programs and the security of traditional banking relationships. These cards suit businesses prioritizing familiarity and existing bank integration over fintech features.

Traditional bank cards provide access to established rewards programs like Avion, Aeroplan, and Scene+. They integrate with existing business banking relationships and offer physical branch access for complex transactions. Most include travel insurance, purchase protection, and extended warranty coverage.

Credit limits depend on business credit history, and personal guarantees are typically required. The trade-off for these established features is higher fees and limited modern expense management capabilities.

Pricing

• Annual fees: $0-$499 depending on card tier

• FX markup: 2.5%-3% on foreign transactions

• Interest rates: 19.99%-21.99% on carried balances

• Wire transfer fees: $15-45 for outgoing wires

Pros:

• Established rewards programs with travel partners

• Physical branch access

• Comprehensive insurance coverage

• Integration with existing bank accounts

Cons:

• High FX fees (2.5-3%)

• Limited expense management features

• Slower approval processes

• Personal guarantees typically required

• No real-time spend controls

Best For: Businesses with primarily domestic CAD spending who value rewards programs and existing bank relationships over FX savings and expense automation.

Brex (Limited Canada Support)

Brex serves venture-backed tech companies with corporate cards and financial tools designed for high-growth startups. The platform primarily targets US businesses with limited Canadian support.

Brex offers corporate cards with no personal guarantee for qualifying businesses, along with expense management and bill pay features. The platform caters to venture-backed startups with significant funding.

Canadian businesses using Brex don't receive local Canadian accounts or optimization for CAD-USD operations. Cross-border fees and currency conversion challenges remain that domestic solutions avoid. The platform assumes USD as the primary currency, creating friction for Canadian companies with CAD revenue.

Pros:

• No personal guarantee for qualifying businesses

• Strong startup ecosystem integrations

• Robust expense management

Cons:

• Limited Canadian support and optimization

• No local CAD accounts

• USD-first approach creates friction for Canadian businesses

• High qualification requirements

Best For: Well-funded Canadian tech companies with significant US operations and primarily USD expenses.

Keep Card Alternatives Comparison Table

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Choose Based on Your Business Model

For eCommerce Businesses with International Suppliers

Venn or Loop address multi-currency needs effectively. Venn's local US account eliminates Stripe's 1.5% cross-border fee, potentially saving thousands annually. The automatic currency selection on Venn's card prevents accidental conversions when paying international suppliers.

For Agencies with International Clients

Venn excels here. Invoice and receive payments in USD, GBP, or EUR without conversion using real local accounts. Expense management features handle team spending across multiple client projects, and the 1% unlimited cashback adds up quickly on high-volume spending.

For Startups Focused on Domestic Operations

Float or Venn both serve domestic-focused startups well. Neither requires credit checks, making them accessible to newer businesses. Float's free Essentials plan works for basic needs, while Venn's free unlimited Interac e-Transfers® reduce payment costs significantly.

For Businesses with Heavy USD Spend

Venn stands out with its real local US account featuring actual ACH capabilities. The card automatically selects USD for US purchases, and FX rates between 0.25%-0.45% beat virtually every alternative when conversion is necessary.*

Frequently Asked Questions

Q: Does Keep Financial work in Canada?

A: Yes. Keep Financial operates in Canada and offers corporate credit cards to Canadian businesses. However, it has limitations around multi-currency support and advanced expense management, which leads many companies to look for more comprehensive alternatives.

Q: What is the best Keep Card alternative for Canadian businesses?

A: For most Canadian businesses, Venn is the strongest overall alternative. It offers multi-currency accounts, 1% unlimited cashback, and integrated expense management in one platform. For eCommerce businesses with heavy international volume, Loop is also a solid option.

Q: Do I need a credit check to get a corporate card in Canada?

A: It depends on the provider. Traditional banks and platforms like Loop typically require credit checks and personal guarantees. Modern fintech platforms such as Venn and Float approve based on business health instead of personal credit, helping founders protect their personal credit profile.

Q: Which corporate card has the lowest FX fees in Canada?

A: Venn offers FX rates between 0.25% and 0.45% depending on plan, which is among the lowest available to Canadian businesses. Wise uses the mid-market rate with transparent fees, while traditional banks usually charge 2.5%–3% on foreign transactions.

Q: Can I get a corporate card as a sole proprietor in Canada?

A: Yes, but your options are more limited. Venn and Wise Business both support sole proprietorships, while platforms like Float and Loop generally require incorporation.

*Based on internal analysis of total markups and FX fees charged by major Canadian financial institutions in January 2026.

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**Disclaimer:** This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Venn Software Inc or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional. We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.