Canadian SMBs face more friction getting corporate cards than their U.S. counterparts. 

Most Canadian providers still demand personal guarantees and credit checks, which slows down approvals and ties business spending to a founder’s personal liability.

Luckily, there are modern platforms offering startup cards with no personal credit check in Canada. These platforms approve businesses on their own merits, letting you issue cards, manage spend, and integrate with your financial workflows.

Here's what you need to know about each option.

What Does “No Credit Check” Really Mean for Startup Cards?

When a provider markets a startup credit card with no check, it means your business is approved without tying it to your personal credit or demanding a personal guarantee.

Why is this important for Canadian founders:

• Your credit stays separate. Business spending no longer puts your personal liability at risk.
• Onboarding is instant. Cards are issued in minutes, not after weeks of paperwork.
• Scaling is smoother. Add team members and cover subscriptions without relying on your own card.

How do no-credit-check corporate cards actually work?

Corporate cards without credit checks rely on your business’s profile instead of your personal credit file. In Canada, this generally means:

• Corporate charge cards: Limits are based on your business balance or activity, not your credit score.
• Corporate cards tied to business accounts: Approval is built into the account relationship. Venn falls into this category, with cards connected directly to its multi-currency accounts.

By avoiding the personal guarantee model, these providers remove liability from founders and make card issuance faster and more accessible for small businesses.

Things to consider before applying:

Before choosing a provider, it’s worth clarifying what matters most for your business:

• Eligibility: Both Venn and Float currently serve incorporated Canadian businesses. Availability may expand in the future, so it’s worth checking the most up-to-date requirements when you apply.
  
• Card model: Venn’s card is tied to its accounts, while Float’s charge card is linked to your external bank. That difference affects where you manage balances and how spend is funded.
  
• Currency support: Venn supports CAD, USD, GBP, and EUR on one card. Float supports CAD and USD, but each currency requires a separate card.
  
• Spend controls: Do you need granular controls such as merchant category blocks, approval workflows, and team-specific limits?
  
• Integrations: Both integrate with QuickBooks and Xero, but the depth of reconciliation varies.
• Rewards: Consider whether you’ll actually meet thresholds. Float requires $25K monthly spend to unlock cashback, while Venn pays 1% cashback with no minimum.

Top Startup Card Options in Canada that Don’t Require a Credit Check

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1. Float: Spend management with charge cards

Float is a spend management platform offering corporate charge cards. Float does not require a personal credit check, but cards are backed by your linked external business account. For some businesses, Float also offers an optional line of credit.

Where Float fits best:

• Quick issuance of physical and virtual cards.
• Strong expense reporting and accounting integrations.
• Cashback program, but only if you spend more than $25K per month.

Float focuses on spend management. Its platform centralizes card issuance, transaction tracking, and employee expense submissions in one system, which can be especially useful for growing teams that want tighter oversight without adding manual work.

Float doesn't replace a full operating account and limits you to CAD and USD balances, but it's solid for Canadian businesses that prioritize detailed spend control and streamlined expense reporting.

2. Venn: Integrated corporate card for Canadian businesses

Venn issues a Mastercard corporate charge card through Peoples Trust Company . Because it is tied directly to Venn’s multi-currency accounts, there is no personal credit check or personal guarantee required.

Where Venn fits best:

• Businesses that want 1% unlimited cashback on all spend.
• Teams that need unlimited virtual, physical, and single-use cards, issued instantly.
• Companies working across borders, with one card covering CAD, USD, GBP, and EUR.
• Finance leads who need granular spend controls, role-based permissions, and merchant category restrictions.
• Firms that want real-time expense automation: automated receipt capture, GL coding, and two-way sync with QuickBooks and Xero. 

Venn works for any Canadian-incorporated business, not just tech startups. You get integrated accounts, cards, and financial workflows without personal guarantees or credit checks. Since Venn combines cards with payments, invoicing, FX transfers, and expense automation, you can run most of your financial operations from one platform instead of juggling multiple tools.

👉 Explore Venn Corporate Cards

What about Loop?

Loop offers multi-currency accounts and a business credit card, but you'll need to go through a credit check or financial review for approval. If you want a no-credit-check option, Loop doesn't qualify.

Which option fits your business?

Both options remove personal liability from the founder and speed up card access for Canadian businesses.

• Choose Venn if you want cards connected to multi-currency accounts with instant issuance and cashback with no minimums. This works well for businesses with global vendors or contractors that want accounts, FX, and invoicing in one platform.

• Choose Float if spend management is your main priority and you're comfortable keeping business funds in a separate account.

Want a more in-depth breakdown? Read the full comparison between Venn and Float here.

Corporate cards that don’t require personal credit checks are still rare in Canada. Today, Venn and Float are the two main options available to incorporated businesses. Each has its strengths: Venn provides a unified platform with multi-currency accounts and automation, while Float is focused on giving finance teams a simple way to issue and manage cards.

Both help Canadian businesses modernize spending management, reduce manual work, and separate company expenses from personal credit.

Ready to simplify your tax compliance and financial operations? Get started with Venn today.

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Frequently Asked Questions (FAQs)

Q: Do Venn and Float offer virtual and single-use cards?

Yes. Both Venn and Float issue single-use cards for vendor payments.

Q: How fast can I get approved for a corporate card?

Both Venn and Float offer fast, fully online onboarding. With Venn, virtual cards can be issued instantly after verification, and physical cards arrive within 7–10 business days. Float also provides quick online setup and card issuance once your business bank account is linked.

Q: Do these platforms integrate with accounting software?

Yes. Both Venn and Float integrate with QuickBooks and Xero. Float also integrates with NetSuite.

Q: Do these cards support Interac e-Transfers for funding or payments?

Venn supports Interac e-Transfers for instant funding in addition to bank transfers. Float cards are funded by linking to an external business account and do not include Interac funding.

Q: How do cashback rewards compare?

Venn offers 1% unlimited cashback on all card spend with no minimums. Float offers 1% cashback only after $25,000 in monthly card spend.

Q: Are these platforms secure?

Yes. Venn and Float both use encryption, multi-factor authentication, and fraud monitoring. Venn is also registered with FINTRAC in Canada.

‍_{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.}