Credit cards are a form of ________ credit.

Name: Credit cards are a form of ________ credit.
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Credit cards allow the borrower to borrow up to a certain limit and the borrower can choose to pay back the borrowed amount partially or fully every month. This is an example of both open-ended and revolving credit as the borrower can use the existing credit limit for multiple transactions without having to reapply for credit, and can pay back in installments rather than fixed payments.

Credit Cards Are a Form of ________ Credit