Read More What Is Revolving Credit?

What Is Revolving Credit?

Revolving credit is when you repeatedly borrow and repay a portion of funds from a credit line extended to you from a lender. Credit cards are a perfect example of revolving credit as opposed to a personal loan, where a financial institution releases a lump sum of cash to a borrower that has to be […]

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Read More What Is a Charge Card?

What Is a Charge Card?

From just looking at them, you wouldn’t know that charge cards are any different from credit cards. But though they look and act like credit cards, charge cards have some major differences. Charge cards vs. credit cards How do cards with no preset spending limit work? Will a card with no preset spending limit build […]

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