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The phrase "allowing credit" is correct and usable in written English.
It can be used in contexts where permission or acknowledgment is given for something, often in financial or academic settings.
Example: "The new policy is allowing credit for previous work experience, which will benefit many applicants."
Alternatives: "granting credit" or "permitting credit".
Exact(11)
When McDonald's started allowing credit card purchases in the US, the average spend rose from $4.50 to $7.
Mr. Whitehouse's proposal, to be voted on this week, effectively seeks to overturn a 1978 Supreme Court decision allowing credit card companies to charge interest rates allowed in the state where they are located, regardless of where cardholders live.
Merkel indirectly attacked the US government for dragging the industrialised world into the US's credit crisis thanks to its stubborn refusal to apply virtually any controls to granting credit and allowing credit trading by banks.
Allowing credit bureaus to hold some powerful financial information will help maintain the disciplinary effect in the finance domain.
The money could be better put to work in places where the authorities are allowing credit to expand a bit, to permit faster growth.
Facebook decided against allowing credit cards because they would entail fees and it didn't want users to get charged if they didn't understand.
Similar(49)
In India, for instance, the central bank long a reluctant liberaliser recently changed its mind about allowing credit-default swaps, arguing that the subprime crisis showed the time was not "opportune" for such innovations.
Eight allowed credit card applications to be inserted into bookstore bags.
But it's continually getting easier, and various exchanges allow credit cards for speedy purchases.
Both of the masters refused to allow credit for the cost of stereotyping.
Mr Cardoso's two governments tamed inflation, creating the stability that has allowed credit, investment and jobs to grow.
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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