Here’s what you need to keep your Float Charge Card and credit limit in good standing:
- Monthly Flinks Connection: Refresh your Flinks connection on a monthly basis.
- Providing Financial/Bank Statements: Provide your Financial/Bank statements as requested, typically at intervals ranging every 1-12 months
- Credit Utilization Rate: Maintain credit utilization rate of 50% or higher (If unable to reach this limit, we can adjust it lower and increase it again when needed)
- Hold 9+ Months of Operating Cash
These requirements are necessary because Float does not have direct access to your financial information. Float is at the discretion of pausing credit and pausing spend in the event of a Terms of Service violation, or failure to comply with the above requirements and ongoing risk assessments.