Which term describes credit used by individuals, like using a credit card?

The term that describes credit used by individuals, such as using a credit card, is personal credit. Personal credit refers specifically to the borrowing capacity extended to an individual based on their credit history and ability to repay debts. This type of credit typically includes credit cards, personal loans, and other forms of credit that an individual can utilize for personal expenses, rather than for business-related purchases.

In contrast, corporate credit pertains to borrowing done by businesses for operational purposes, public credit is associated with government borrowing and fiscal policy, and commercial credit generally refers to credit extended to businesses for their commercial transactions. Therefore, personal credit is the most appropriate term for individual credit usage, aligning accurately with the context of utilizing a credit card.