# Revolving Credit

*Borrowing & Credit — Finicade finance glossary*

Revolving credit lets you borrow up to a limit, repay, and borrow again with no fixed end date — credit cards, overdrafts and HELOCs. The flexibility is priced: revolving rates are typically the highest consumer rates available, and the minimum payment is engineered to keep you paying interest for years. Because balances fluctuate, revolving accounts drive credit utilization, which installment loans do not.

**Also known as:** revolving debt, revolving account

**Related terms:** [Installment Loan](https://finicade.com/glossary/installment-loan), [Credit Card](https://finicade.com/glossary/credit-card), [Credit Utilization](https://finicade.com/glossary/credit-utilization), [HELOC (Home Equity Line of Credit)](https://finicade.com/glossary/heloc), [Minimum Payment](https://finicade.com/glossary/minimum-payment)

Source: https://finicade.com/glossary/revolving-credit