Check Visa site - it's a revolving line >$5k plus a no-pre-set limit. It works something like "your limit is $5k, but you can spend more than that (purchases approved based on credit worthiness, assets, etc.). Anything over the revolving line is due when you get your statement, plus the normal 3-5% minimum payment. I DON'T like this kind of arrangement because if you want to use it as a charge card, it's really easy to revolve- when you revolve, you lose your grace period. I much prefer Diners Club or Amex (with Club Plus line of credit or Extended Payment Option, respectively). You actively transfer stuff to the revolving line and can still keep your grace period. -mj
