> ## Documentation Index
> Fetch the complete documentation index at: https://docs.synctera.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Revolving Credit Card

> A credit line where cardholders can carry a balance over time, paying interest on the unpaid amount. Suits consumers who need payment flexibility.

Unlike a charge card, a revolving credit card lets the cardholder carry a balance from one cycle to the next, paying interest on the unpaid portion. The account can be secured or unsecured depending on whether the line is collateralized:

| Account type                 | When to use                                                               |
| ---------------------------- | ------------------------------------------------------------------------- |
| `REVOLVING_CREDIT_SECURED`   | The credit line is backed by collateral, such as a linked deposit account |
| `REVOLVING_CREDIT_UNSECURED` | The credit line has no collateral                                         |

<Note>
  Credit products require specific privileges on your organization. Contact your Synctera representative before planning one.
</Note>

## Step 1 — Create and Verify the Customer

Complete the person or business setup, including KYC/KYB. See [Create a Personal Customer](/v2/docs/create-a-personal-customer) and [KYC/KYB Verification](/v2/docs/kyc-kyb-verification).

## Step 2 — Record Disclosures

At the time the application is created:

1. E-Sign
2. Privacy Notice
3. USA Patriot Act Notice
4. Owner Certification (business customers)

Prior to the account being created:

1. Account Terms & Conditions
2. ACH Authorization

See [Record Disclosure Acceptance](/v2/docs/record-disclosure-acceptance).

## Step 3 — Create the Application

The account cannot be created until the customer applies through the Application API. See [Credit Applications](/v2/docs/credit-applications-guide).

## Step 4 — Handle Adverse Actions

If the application is denied, adverse action reasons must be sent to personal customers, and the adverse action ID included in the application when its status is marked `CREDIT_DENIED`. This is optional for business customers.

See [Adverse Actions](/v2/docs/adverse-actions-guide).

## Step 5 — Define the Account Product

Because balances revolve, this product carries interest. Define the interest rates charged on the account through an account product.

See [Interest](/v2/docs/interest-guide) and [Line of Credit Accounts](/v2/docs/line-of-credit-accounts-guide), which covers the closest existing setup.

## Step 6 — Create the Account Template and Account

Set up an account template for the revolving credit account type from the table above, then create the account from it.

## Step 7 — Issue the Card

Issue against the revolving credit account with `"type": "CREDIT"`. Physical and virtual cards are both supported.

See [Card Issuance and Management](/v2/docs/card-issuance-management#issue-a-card).

## Step 8 — Issue Statements

Statements drive the billing cycle, the minimum payment due, and interest accrual on carried balances. See [Statements](/v2/docs/statements-guide).