Floater Credit Cards

Deal Cadet
What is the meaning of floater card ? Shows in Payzap App for free, if it is second credit card will it be with share limit or not if it will be of different variant ?
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Deal Newbie Deal Newbie
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Shared card with primary card limit

Deal Subedar Deal Subedar
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can you elaborate?
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Deal Cadet Deal Cadet
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A floater card is an additional credit card which shares limit with your primary credit card. If your current card has 1 lakh limit then floater card will also have the same limit but it is shared with the primary card. It means at any given point of time outstanding amount on your cards cannot exceed 1 lakh limit. Consider a floater card as another pre-approved credit card without any physical documentation/verification.

Post Emperor Post Emperor
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A floater card is a supplementary credit card issued on an existing credit card account, typically with a shared credit limit. It's like an add-on card, often given to family members or authorized users.
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