Which is Better? Credit card or Line of Credit?

At some point in their lives , almost everyone can find themselves in a situation where they suddenly need quick access to credit , either to get through a difficult season or to seize an unexpected opportunity. The most common go-to’s in when one is in need of quick capital are a credit card and a line of credit. But, which is better?

Both offer revolving terms, meaning that you can use it as you wish and only pay on the amount that you use, again and again. That’s far more convenient and flexible than going to a bank for a term loan every time you need capital!

So which one is right for you? A credit card OR a line of credit? That’s what PK is sharing in this weeks video below!