155k views
1 vote
How is a line of credit similar to a credit card

User Jsamsa
by
7.9k points

1 Answer

3 votes
Line of Credit is somehow the same to a credit card.
Line of credit is a credit given by a certain company to you to use in a particular goods or services. For example in the casino, a company will give you a line of credits to use for casino only. Unlike credit card which can be used anywhere as form of payment.
User Fred Loney
by
8.2k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.