Loans
Personal Loans Student Loan Refinance Auto Refinance Mortgages Mortgage Refinance
Credit CardsSavingsCredit Score
Learn
Learn

>

Credit Card Essentials

>

Articles

Credit Card Essentials Articles

 Line of Credit vs. Credit Card: What’s the Difference?
Line of Credit Line of Credit vs. Credit Card: What’s the Difference?

While a personal line of credit is more commonly categorized as a loan, in reality, it functions more like a credit card. That’s because a line of credit is a form of revolving debt, in which the money you borrow is paid back... only to be borrowed again. There are other similarities between a line of credit and credit card, however, there are also some key differences. Understanding how these two financial products compare and contrast will help in determining which option is the best for a consumer’s personal needs.

4 min read

Let Fiona match you with the right financial product offers

Our service is free and will NOT affect your credit score