Credit cards offer rewards and benefits such as cash back, travel points, and extended warranties, while lines of credit do not typically offer these perks.
Lines of credit can provide larger credit limits than credit cards, allowing for more flexibility in borrowing.
Credit cards have the risk of overspending and accumulating high levels of debt if not managed responsibly, while lines of credit may offer more disciplined borrowing terms.
Lines of credit may require collateral to secure the loan, such as a home or vehicle, while credit cards do not typically require collateral.