The Float credit card facility offers a very appealing way for South Africans to shop now and pay later without extra costs. With the ability to pay off purchases over as many as 24 instalments, this scheme allows you to use your existing Visa or Mastercard credit card. Importantly, the deal is 100% interest-free, there are no fees, and you won’t have to fill in any paperwork or sign up for a new account.

Credit limits are determined by your available credit card balance, so you can spread larger purchases out without ever exceeding your own card’s limit. Since there’s no extra credit arranged, you continue earning any reward points your card usually offers. This option is compatible with a wide range of major retailers in South Africa, making it quite flexible in everyday use.

How to Apply for Float Credit Card Payments

1. Choose your purchase from a Float-enabled retailer.

2. At checkout, select “Float” as your payment option.

3. Decide on your desired number of monthly instalments (up to 24).

4. Enter your credit card details and confirm the payment.

5. You automatically start paying back in flexible, zero-interest instalments. No additional application forms are required.

Advantages of the Float Credit Solution

This payment option is remarkably convenient as it does not require a new credit application, nor does it charge interest or fees. You can easily split large purchases into manageable, budget-friendly payments.

Another highlight is the ability to keep earning your usual reward points on your credit card, unlike some “buy now, pay later” services. It’s compatible with your current Visa or Mastercard credit card, meaning there’s complete continuity and no extra admin.

Disadvantages to Consider

Your maximum spend is subject to your existing credit limit, so there’s no option to increase your limit specifically for Float payments. If you’re close to your limit, purchasing flexibility may be limited.

Keep in mind, too, that if you miss regular minimum payments to your credit card provider (not Float), normal late payment penalties may apply from your bank as usual.

Final Verdict

The Float credit card payment solution stands out as an excellent, risk-free way to use your available credit for interest-free monthly instalments, particularly if you value simplicity, no extra paperwork, and zero additional costs. It’s especially attractive for responsible shoppers wishing to manage cashflow better or take advantage of major deals from preferred retailers.