What type of credit is indicated by using a major credit card to purchase shoes and paying the balance in full within a month?

The situation described involves using a major credit card to make a purchase and subsequently paying off the balance in full within a month. This scenario is indicative of single-payment credit. With single-payment credit, a borrower is expected to pay the full amount owed by a specified due date, which aligns with the behavior of paying off the balance promptly on a credit card.

In contrast, revolving credit allows for the principle of carrying a balance from month to month, where the cardholder has the option to pay a minimum amount instead of the full balance. Secure credit typically refers to credit secured by collateral, like a secured credit card backed by a deposit. Installment credit involves borrowing a fixed amount of money and repaying it in regular, scheduled payments over time, such as with loans or mortgages. Therefore, the nature of the action taken—making a purchase and paying it off in full—most accurately reflects single-payment credit.