I believe that it really means "revolving" as in revolving credit. An example of some revolving credit cards is like store credit cards.Revolving credit is a type of credit that does not have a fixed number of payments, in contrast to installment credit. Examples of revolving credits used by consumers include credit cards. Corporate revolving credit facilities are typically used to provide liquidity for a company's day-to-day operations.
Hi fengyii
Yes, since credit cards are revolving lines of credit, it may show "Rev". I am sure, it is not a Revolution card because Revolution card is just a departmental store cards and has no VISA or MasterCard status associated with it. So it must be that you have some outstanding debt with Chase which you have not repaid and they have listed it in your credit report.
I believe that it really means "revolving" as in revolving credit. An example of some revolving credit cards is like store credit cards.Revolving credit is a type of credit that does not have a fixed number of payments, in contrast to installment credit. Examples of revolving credits used by consumers include credit cards. Corporate revolving credit facilities are typically used to provide liquidity for a company's day-to-day operations.
Hi fengyii
Yes, since credit cards are revolving lines of credit, it may show "Rev". I am sure, it is not a Revolution card because Revolution card is just a departmental store cards and has no VISA or MasterCard status associated with it. So it must be that you have some outstanding debt with Chase which you have not repaid and they have listed it in your credit report.