What is Float?
Float is a no-brainer way to pay your credit card.
Now you can buy even bigger and split your purchase into interest-free monthly instalments using the available limit on your Visa or Mastercard credit card. When you shop with FLOAT, you buy yourself more time to meet your credit card repayments because each month your credit card statement only reflects the monthly instalment amount versus the full purchase amount.
How Float Works
At the time of purchase, the full purchase amount will be reserved on your credit card, but only the first instalment will be charged. The remaining instalments are charged on the same day each month. As you pay each monthly instalment, the amount reserved will reduce to the remaining balance of the purchase until your purchase is fully paid.