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Consumer Advice

FBaggins

(28,355 posts)

7. It does if you can keep making charges on the account

Reply to Beartracks (Reply #6)

Wed Oct 16, 2019, 08:27 PM

Oct 2019

It’s possible to have store credit for a fixed amount over a given period (which would not count)... but if they give you a credit limit and you can keep using it for additional purchases at the store as you pay the debt down... it’s a revolving account.

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Credit scores and "credit usage" [View all] Beartracks Oct 2019 OP

Generally it's revolving debt divided by total available revolving credit FBaggins Oct 2019 #1

Does revolving debt include "catalog" or "store" cards? Beartracks Oct 2019 #6

It does if you can keep making charges on the account FBaggins Oct 2019 #7

As per Dave Ramsey, if you have to put it on a credit card, 3Hotdogs Oct 2019 #2

Not necessarily customerserviceguy Oct 2019 #4

That does not include paying balance each month use. dixiegrrrrl Oct 2019 #5

It's aggregated customerserviceguy Oct 2019 #3