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Revolving credit lines are often used for a variety of purposes, including managing cash flow, covering unexpected expenses, or making large purchases. Instead, try to pay your balances in full each month and only charge what you can afford to pay off.
This includes personal loans, mortgages, car loans, and business loans. However, cash advances on credit cards also come with some significant drawbacks. A secured revolving credit line is one that is secured by collateral, such as a car or a house.