Credit Line is a personal line of credit that allows you to borrow money at any time—up to your credit limit. As long as your One account is in good standing, you can use your available credit and will pay interest only on the amount you use.
- Credit Line has a monthly grace period after you use credit, before interest is owed. Therefore, you will have up to the bill due date to repay the credit owed or a portion. After that date has passed, you will owe interest at 1% per month, or 12% APR, on the outstanding balance.
- On the bill due date, your payment is due and includes interest accrued during the month.