Question

which type of credit allows you to request a limit increase if payments are made on time? non - installment credit secured credit revolving credit installment credit

Explanation:

• Non - installment credit: Usually a one - time credit with no option for limit increase based on payment history.
• Secured credit: Relies on collateral, not typically on payment - based limit increases.
• Revolving credit (e.g., credit cards): Lenders often review payment history (on - time payments) and may offer limit increases.
• Installment credit: Fixed - term loans (e.g., mortgages, auto loans) with a set amount, no regular limit increase based on payment history.

Answer:

Revolving credit