R
Credit
Revolving Credit
A type of credit that allows you to borrow up to a set limit, repay, and borrow again without applying for a new loan each time. Credit cards, store cards, and overdrafts are common forms of revolving credit. The available balance replenishes as you make payments.
Usage Examples
"Her Woolworths card is a revolving credit facility with a R15,000 limit that she can use and repay repeatedly."
"Revolving credit is flexible but dangerous if not managed — it's easy to stay permanently indebted by only making minimum payments."
"Lenders report your revolving credit balances monthly, so high utilisation can drag down your credit score."