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Revolving credit

Revolving credit is a type of credit card that allows purchases to be financed in installments and works like a line of credit.

Users can use the credit up to the maximum amount allowed. The difference with other types of deferred payment credit cards is that the capital used is not paid in full the following month.

Revolving credit works with a system of fixed monthly payments that the user can set up to gradually repay the outstanding amount, while the financial institution receives increasing interest until all the money has been repaid.