Tarjeta Revolving (Revolving Credit Card)
A reusable Spanish credit line repaid in small monthly instalments, legally distinct from a one-off microcrédito and subject to its own usury case law.
A tarjeta revolving is a revolving-credit card issued mainly by Spanish banks and consumer-finance firms, offering a reusable credit line rather than a fixed one-time loan amount. The cardholder repays through a small monthly instalment while interest keeps accruing on whatever balance is still outstanding, which can extend the effective repayment period for years if only minimum payments are made.
Spain's Tribunal Supremo has issued specific rulings (notably 258/2023) on when a revolving card's TAE counts as usurious under the Ley de Represión de la Usura — currently, a rate exceeding the Banco de España's market-average benchmark by more than six percentage points at signing. This is a distinct legal framework from the one that governs short-term microcréditos, which are judged mainly on disclosure and standard consumer-credit rules rather than this usury case law.