Are issued by a bank or a financial institution and allow for the installment payment for the goods purchased. The installments an additional cost to the purchaser due to payment of interest on financing.
This type of credit cards has a specific mode of repayment. Usually the charges made in a given month with the traditional credit cards are paid in a single payment the following month, without additional costs. The revolving, however, give the possibility of the repayment installments of this amount.
Each card has a revolving credit debt ceiling, which can accumulate, and an installment minimum monthly repayment. The rates applied to the repayment installments are high, with peaks of 25% per year.
For this reason, the revolving credit card is used for example if you decide to purchase expensive durable goods (such as an appliance), having the possibility to pay in 4 / 5 months, the amount of interest will be quite modest. If you use the revolving fund for running expenses, the cost could be high.