A revolving credit allows the account holder to borrow money repeatedly up to the maximum amount he/she is approved for. Instead of paying the full borrowed amount, the account holder is allowed to make a minimum payment of the current balance due in regular payments. Each payment, minus the interest and fees charged, replenishes the amount (principal) available to the account holder. If you do not use your credit line, you will not be charged with any additional interest or fees.
For example, if you have a credit limit of PHP 20,000 and availed PHP 4,000 as fund transfer to your CIMB Bank savings account and the remaining PHP 16,000 for other services under REVI Credit, you can avail PHP 20,000 again once the balance has been paid.
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