Ramp Corporate Card Review: High Spending Limits & Real-Time Controls

The Ramp Corporate Card is ideal for Canadian businesses aiming to break through traditional credit ceilings. Offering dynamic credit limits based on real-time cash flow, it’s designed for growing companies. There’s no annual fee, no foreign transaction fees, and the ability to access limits up to 20 times higher than typical business credit cards. With zero personal guarantee and fast approvals, this card is a compelling choice for teams needing substantial purchasing power and seamless expense management.

How to Apply: Step by Step

Applying for the Ramp Corporate Card is straightforward:

1. Visit the official Ramp website.
2. Create your business account and complete your company profile.
3. Connect your business bank account for real-time financial assessment.
4. Submit required business documents and wait for approval—often within 48 hours.
5. Receive both virtual and physical cards for your team upon approval.

Pros Spotlight

One clear advantage of the Ramp card is its high credit limit, which adjusts automatically as your business evolves. Dynamic spend controls let you distribute unlimited employee cards with customizable limits, so every team member stays within budget. Additionally, simple integrations with top accounting software streamline expense reporting and month-end reconciliation. The lack of annual and foreign transaction fees contribute to significant savings, especially for internationally active businesses.

Cons to Consider

The primary limitations include availability: businesses must be based and operate in the U.S., as the Ramp Corporate Card is not yet issued to Canadian-registered firms. Another consideration is that the balance must be paid in full monthly, making it less suitable for those wanting to carry a balance.

Also, Ramp focuses on strong cash flow and business fundamentals rather than personal credit. Businesses with irregular or low revenues may not qualify for the highest limits, limiting access for early-stage startups.

Verdict: Is Ramp Right for You?

For established or fast-growing businesses that handle significant monthly expenditures, the Ramp Corporate Card is a powerful tool for expense management and operational agility. It combines high limits, zero fees, and real-time controls, making it a smart, modern choice for scaling companies. However, if your business is just starting out or you want to carry a balance, this card may not be ideal until eligibility requirements are met.