A revolving line of credit is an agreement to lend a specific amount of funds to a borrower and to allow that amount to be borrowed repeatedly once it has been repaid below the total amount made available.  A line of credit does not have a specified repayment schedule or fixed monthly payment but may require a minimum payment to cover the interest charges and contribute to paying off the principal.  Most credit cards are considered to have a revolving line of credit.  The credit card can be used repeatedly as long as the total credit card debt does not surpass the credit card credit limit.  The credit card will have a minimum monthly payment that covers credit card interest charges and at least some principal.  The maximum line of credit or credit card limit can be reduced or increased by the credit card company.

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