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Terminology questions with cards

Blogger

Terminology questions with cards

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

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3 REPLIES
Super Contributor

Re: Terminology questions with cards

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.

 

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Message 2 of 4
Valued Contributor

Re: Terminology questions with cards


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

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Message 3 of 4
Highlighted
Blogger

Re: Terminology questions with cards

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. Smiley Sad

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