Terminology questions with cards

HiLine · ‎06-04-2013

1. Is credit card the same as revolver?
2. Is there a common term for charge cards and credit cards?

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enharu · ‎06-04-2013

1. pretty much. most people would think of credit cards as revolvers since they're basically revolving lines of credit.

2. just those terms I think. charge cards are basically also known as net 30 for business credit lines.

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indiolatino61 · ‎06-04-2013

@enharu wrote:
1. pretty much. most people would think of credit cards as revolvers since they're basically revolving lines of credit.

2. just those terms I think. charge cards are basically also known as net 30 for business credit lines.

+1

HiLine · ‎06-06-2013

That's what I figured, thank you guys. I hate to have to say "credit cards or charge cards" to be technically correct, but I guess there's no other way. Sigh.

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