Float vs. Amex: A better alternative for Canadian businesses

Ditch the high fees and limited acceptance. Get CAD and USD corporate cards with built-in expense management

✔ Up to 1% cashback plus up to 3.5% interest on cash balances
✔ CAD and USD cards with universal Visa and Mastercard acceptance
✔ Real-time spend visibility with automated receipt matching

Compare Float vs Amex

Float vs Amex
Amex
Annual card fees
$0
 Up to $799/year
Rewards model
Up to 1% cashback*
Points system
Travel insurance
Car rental insurance (Jan 1, 2026)
Comprehensive travel package
Universal card acceptance (Visa/Mastercard)
Native CAD and USD cards
Unlimited virtual and physical cards**
Granular spend controls
Up to 3.5% interest on cash balances
Built-in expense management
Accounts payable
Accounting integrations (QBO, Xero, NetSuite)

*On monthly spend over $25,000

**For Professional plan members. Essentials members get unlimited virtual cards and 20 physical cards.

Why choose Float over Amex?

Competitive rewards with up to 3.5% interest

How does 3.5% interest on your cash balance sound? Get this alongside cashback and competitive FX fees with Float.

Close your books up to 8x faster

Eliminate expense reports with our automatic receipt collection and matching software. One-click export to your accounting platform makes for a speedy month-end.

Unlimited corporate cards

Issue unlimited corporate cards in CAD and USD. On a per-card basis, attach custom spending limits and card controls to enforce company expense policies.

Save 7% of your total spend

Float is the only platform that helps companies save 7% of their total spend from time savings at month-end to productivity gains across the company and earnings that are anything but a bank.

Enjoy up to 1% cashback on card spend, up to 3.5% interest on cash balances, and lower FX fees.

High credit limits without the frustration

Our smart corporate cards provide more flexibility for your employees with increased visibility for your finance team.

Get Charge limits of up to $3 million in 3-5 days with Float. Repay the balance automatically next day with automatic top-ups.

All your business spend in one place

Float brings together cards, expenses, reimbursements, and bill payments into a single, easy-to-use platform. No more juggling tools—just one source of truth for all spending.

Employee’s transactions are tracked and automatically matched and assigned to your custom expense policies and GL codes.

At month-end, review your transactions and one-click export to your accounting software. It’s that easy.

Hear it right from our customers

Join thousands of Canada’s leading companies already on Float.

"Float has really improved our internal controls. We now have one location to reference all receipts, backup support and coding.”
Terry BurmasDirector of Finance, Ocean Wise
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“Float saves us upwards of 10 hours every period. It’s more than a hundred hours saved per year.”
Katherine LeiDirector of Finance, Impact Kitchen
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“The level of support from the Float team is unmatched. It’s the best part about working with their team.”
Suvansh MehtaStrategy and Finance Manager, PolicyMe
“We love Float. We were using three or four different tools and now we can replace them with Float.”
Mandeep SainiCo-Founder and Head of Finance Services, BrightIron
“The mobile app is a plus for employees. They love being able to see their remaining Float Card balances and quickly request new spend right from their phone.”
Bonnie KershawAccounts Payable Specialist, BenchSci
“48 hours after signing up, our account was fully active. You don’t get that with Canadian banks.”
Darcie VanyCFO, Crawford Technologies
“Float really understood the struggles of what Canadian businesses need to succeed. We need financial services that work with the same speed and purpose we do.”
Madelaine FieldingCorporate Controller, Makeship
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More customer stories

Elevate your financial operations

Join 7,000+ Canadian businesses using Float