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Terms that begin with O

Open-end Credit

"Open-end Credit", better known as a revolving line of credit, is a predetermined dollar amount set as a credit limit.  The open-end or revolving part of the credit line allows the user to paydown on the line and then use the credit line over and over without having to renew the line of credit.

Previous Credit Card Term: Online Financial Transaction

Next Credit Card Term: Over-the-limit fee

* See the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Here" button, you can review the credit card terms and conditions on issuers website.