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Most credit cards are designed as a revolving credit account. You spend money from the card and every month you pay it back so you can again use the money. That is why credit card have monetary limits based on you income and credit history.

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13y ago

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What is a revolving account?

{| |- | A revolving account is an account that requires a minimum payment each month in addition to a service charge. When the balance decreases, the service charge/interest also declines. To learn more about credit terms you can visit bills.com |}


What does it mean for your account type to read revolving on your credit report?

Credit cards are revolving accounts. Whereas car loans and home loans are not. A revolving account is one where you can carry a balance and charge it back up as you pay it off.


What is the difference among credit plans such as revolving charge 90 day and installment account and interest free credit plans?

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Are credit cards revolving charge accounts?

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How do regualer revolving and installment charge account differ?

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What parts of an atom has a negative charge?

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What is the difference between an open-ended credit account and a revolving account?

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What is a regular charge account?

Where I regular charge your mom in doing my account lol


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Have you experienced an unauthorized charge from Delta Airlines on your account?

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