Float

A float, in credit card terms, is the number of days between the date a transaction is made and when it appears on the statement. This can be either positive or negative, depending on when the purchase was made in relation to the billing period. For example, if you make a purchase on the 1st day of the month and your billing period ends on the last day of the month, that purchase will appear on your next month's statement. In this case, you have a positive float of 30 days.