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The phrase "a credit system" is correct and usable in written English.
You can use it when discussing a method of evaluating or managing credit, often in financial or educational contexts.
Example: "The university implemented a credit system to help students track their academic progress and manage their course loads effectively."
Alternatives: "a points system" or "a grading system."
Exact(46)
The canteen worked on a credit system.
Liberal arts universities are based around a credit system.
The store also offers a credit system in which paperback books are exchanged.
Titletrader.com also helps in exchanges of books, DVDs, CDs and games, using a credit system.
But thanks to a credit system, the state has aggressively reduced the amount of nitrogen flowing into the Sound.
It should create a credit system that benefits individuals, small enterprises and the private sector, rather than just state-owned enterprises.
Similar(14)
Facebook has just recently announced a "credits" system, but it seems to miss the mark.
"You can't have an economy without a functioning credit system.
Our educational data mining is dedicated to regular undergraduate students being studying at a university using an academic credit system.
A malfunctioning credit system meant that even rock-bottom base rates were not a powerful enough remedy.
We need a functioning credit system.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com