Lines of credit and credit cards are both forms of revolving credit. You can expect more flexible payment terms with a line of credit, while credit cards tend to offer greater convenience and rewards.

With nearly a decade covering personal finance, Rebecca Safier simplifies loans and other complex financial topics to help people manage their money with confidence. Her work has been featured in ...

A line of credit is an amount of money you can borrow from a bank or credit union on an ongoing basis. You can pay it back and reborrow it at any time. But it does typically come with some unique ...

Fun-loving and adventurous, with a passion for sales and technology, Trevor grew up in Ontario and received an Honours Bachelor of Business Administration (Economics) from Wilfrid Laurier University.