Edited sentence: Credit card is a fine example of a credit line.In other words, it is a long-term loan a bank gives a client in instalments (tranches) over a specific time.Individuals may have situations when they are out of money, the salary is still a week away, and there are some urgent needs.Line of credit is a banking service that allows you to use the bank's money within a particular time.The bank may calculate the interest rate on more significant amounts separately on each installment.You can borrow money in instalments without making separate agreements every time,.You pay interest for the money spent only, The interest rate for a credit loan line is typically less than a regular loan