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HiLine
Posts: 2,880
Registered: ‎10-19-2012
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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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enharu
Posts: 6,889
Registered: ‎02-27-2013
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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.

 

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indiolatino61
Posts: 1,470
Registered: ‎11-10-2012
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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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Blogger
HiLine
Posts: 2,880
Registered: ‎10-19-2012
0

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. :smileysad:


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