A general question about Revolving Credit VS. Credit Cards on credit report.?

Donita Desjardin: Credit cards are revolving credit but no all revolving credit is credit card. Revolving credit is open ended and not a set payment for a specific period like installment accounts. Secured credit cards show up on your credit report just like regular credit cards. There is not special notation. The difference between secured and regular cards is that you put up a deposit as collateral against the line of credit for the secured card. Some secured cards convert to regular cards after a year or so.It isn't really that credit cards build your credit faster than installment loans. It's just that you must pay on an installment loan, inclulding the interest, for at least a year to make much difference in your score. Paying off an installment loan early does nothing for your score but would save a lot of interest.If you use credit cards for regular purchases, wait for the statement, and pay the balance in full every month, you don't pay interest but still ! build credit history. It STILL takes about a year to do much for your score, but you don't pay the interest. That's what makes credit cards a better way to build credit.Keep in mind that you need a mix of different types of credit to get the best credit history/score....Show more

Hope Lundmark: Credit cards are one type of revolving credit. Credit reports separate out the many kinds of revolving accounts for scoring purposes, but the actual listing of revolving accounts can be grouped into "credit card" and "non-credit card" revolving debt, although they aren't labeled as such.See my source....Show more