What is revolving credit?

Discussion in 'Credit Talk' started by JB, Mar 16, 2001.

  1. JB

    JB Well-Known Member

    Sorry to ask such a naive question, but what are some examples of revolving credit? I was turned down for a credit card because I had no revolving credit accounts and no installment loan balances. I do not have car payments or a mortgage.

    I don't want to take out a car loan just to please the credit card company and a mortgage is totally out of the question. Any ideas? Thanks
  2. JB

    JB Well-Known Member

    Hmmm, good ideas! Thanks!
    It is interesting that you say a Visa or Mastercard can be considered a revolving account. I have two Visa cards and one Mastercard card -- all in excellent standing. Yet the credit card company told me that I had "insufficent amount of revolving credit".

    Would you recommend that I get a store card or gas card even if I never want to use it?
  3. other me

    other me Guest

    Also, how long have you had the accounts? If they are relatively new, it could flag the same message.

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