answersLogoWhite

0


Best Answer

The type of credit that is extended when a person uses a credit card is revolving credit. Revolving credit allows the consumer to carry a balance and pay a minimum monthly.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What kind of credit is extended when a person uses a credit card?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What kind of credit cards does First PREMIER Bank offer?

First PREMIER Bank has a standard credit card. They also have a gold credit card, a classic credit card, a PREMIER Possibilities credit card, a PREMIER Forward MasterCard credit card, and a secured credit card.


What kind of credit card can you get with a credit score of 593?

You have lot of options,


What kind of card is a Towah MasterCard Prepaid Card?

It is a form of Debit Card, and NOT a Credit Card.


If you have bad credit and added as authorized user on credit card does the main card holder inheirit your bad credit even tho theres is excellent?

No, because they are not resposible for the debt on the card, their card is simply for the sake of convenience usually so the AU does not feel the need to use your own card. The only way a person's credit rating can be affected is if they are responsible for any kind of debt.


What kind of numbers are on a credit card?

regular numbers


What kind of credit card would you choose to have?

debit


Can I get a credit card with little or no credit?

You don't necessarily need credit to get a credit card, it's bad credit that they don't want to give you a credit card. If you have a cell phone bill, or utility bill or pay rent, you should have some kind of credit.


Rc willey credit card requirements credit score?

What kind of credit score for rc willey


How long does the zero rate last with 0 percent credit cards?

The zero rate with zero percent credit card will depends on the credit card company, this is a kind of promotion to attract people to get their credit card.


What kind background check a bank will do for the credit card processing?

A credit score check will be run for the credit card processing. you can read more about it at ww.creditcardprocessingsource.com/glossary.php


What credit card can you get without you having credit?

Typical credit cards are unsecured credit cards. If you have no credit history, you cannot get an unsecured card. Instead, you must apply for a secured credit card. It works kind of like a savings account. Say you give them $300 then they give you a credit card with a $300 limit.


What is an SBI credit card and rates?

In order to find out what an SBI credit card is and what the rates are for this kind of card, you are going to have to ask someone who owns one or someone who works at your local credit union.