Credit Line Vs credit card

[Bob78900]

What is credit line?
Why one should avoid credit line how it is different from loan and credit card please explain

 

[prc1990]

What is credit line?
Why one should avoid credit line how it is different from loan and credit card please explain

Credit Line is nothing but a CDL (Consumer Durable Loan) which is sometimes provided from multiple lenders which results in hurting your c-score very badly. Always avoid credit line or any BNPL services (Buy Now Pay Later).

 

[AllSeeker]

And even if you have one that you don't want to close, make sure to use it very sparingly. Don't use it like credit card and also make sure you do all the calculations manually as they fool customers in name of "no cost emi" or some other random offers that are usually not really what they make you to believe.