What is the most common form of open end credit?

Open-end credit often takes one of two forms: a loan or a credit card. Within the consumer market, credit cards are the more common form as they provide flexible access to funds and are immediately available again once a payment is received. read more

Credit cards would be the most common form of open-end credit, whether it be through a store or a bank. Another term would be "revolving credit". You can spend any amount within the qualified credit card limit and you get billed monthly with minimum payments required to pay it back. read more

The most common form of open-end credit is credit cards. They can be through a certain store, such as Macy's or Victoria's Secret or through a specific bank like HSBC or Chase. read more

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