Answer:
Here are the essential facts to understanding the difference between line of credit vs. credit card:
Step-by-step explanation:
1.Credit cards are almost always unsecured, whereas lines of credit are just as often secured as they are unsecured.
2.Credit cards will offer you rewards programs that lines of credit can’t, but they’ll also often come with annual fees.
3.Line of credit rates are usually lower and come with higher credit limits than credit cards.
4. Credit cards charge high APRs and fees for cash advances, whereas lines of credit always deal in cash.