Ramp Corporate Card Review: High Limits, Cashback, and Fast Approvals

The Ramp Corporate Card offers a robust solution for Canadian businesses seeking high credit limits, streamlined approval, and cashback on qualifying purchases. While traditional cards may require a personal guarantee or extensive credit checks, Ramp evaluates your business on real-time cash flow—often granting approval in less than 48 hours. There is no hard credit check or annual fee, and limits can be up to 20x higher than competitors. For businesses managing substantial monthly expenses, such as payroll, inventory, and marketing, Ramp is an attractive choice.

How to Apply for the Ramp Corporate Card

• Ensure your business is based in the US, with a federal tax ID and qualifying financials.
• Prepare recent financial statements or bank connections for verification.
• Visit the application portal and provide basic business and ownership information.
• Connect your main business bank account for income verification—no personal credit check will be run.
• Wait for approval, which typically takes less than 48 hours.
• Once approved, receive your physical or virtual card and set custom limits for your team members.

Pros of the Ramp Corporate Card

One standout advantage of the Ramp Corporate Card is the rapid, hassle-free approval process. With no personal credit check required, businesses get access to high limits based on actual revenue and cash flow data rather than relying on traditional credit reports.

Another pro is the automatic cashback feature. Every purchase earns flat-rate rewards, helping you save with every legitimate business transaction. Integrations with popular accounting software make expense tracking straightforward and efficient.

Cons of the Ramp Corporate Card

The major downside for Canadian companies is the requirement for US-based operations. While many features benefit fast-growing firms, businesses outside the United States may not qualify or access the full range of perks.

Additionally, the full monthly statement must be paid in full—there’s no option to carry a balance. Companies looking for revolving credit or carrying balances over time will need a different card.

Final Verdict

The Ramp Corporate Card is highly recommended for established businesses with substantial spending needs and reliable cash flow. Its quick approvals, high spending limits, integrated expense management, and no-fee structure make it a leader among business cards.

However, the card’s requirements and balance payment terms should be considered carefully. For eligible US-based businesses, Ramp offers an exceptional path to optimized spending and streamlined expense control.