Virtual Float cards come in two types: recurring or single-use.
The difference largely pertains to the limit cycles, and when the card expires. This article explains the difference and use cases between both types to ensure you're getting the best use out of Float!
Single Use Cards
Single-use cards are meant for one-time expenses within a certain time period. These cards will automatically expire on the expiration date chosen during creation. Single-use cards cannot be re-activated once they have passed their expiration timeline.
Expiration dates can be edited at any time prior to the set expiry date to reduce or increase the remaining lifespan of the card.
Single-use cards can be used multiple times, up until the limit is reached OR until the timeline for the card has been met.
Best Used for: one-time dinner expenses, flight expenses for work trips
Please note: Refunds and returns will still work on cancelled cards, and will go back to your Float balance. See this article for more details about refunds!
Recurring Cards
Recurring virtual cards have a limit set by the card creator. This limit will renew on a timeline chosen by the creator (daily, weekly, monthly, yearly). The limit and the renewal timeline can be edited at any time prior to the card's expiry date by any administrator on the account. These cards will not expire until around 3 years after the date of creation and function exactly like a regular card.
Best used for: Recurring subscriptions, employee expenses, welfare expenses etc.
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