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"grants credit" is a valid phrase in written English and can be used when referring to a situation in which someone or an institution gives credit to another person.
For example, "The bank granted credit to the customer to purchase a new car."
Exact(1)
NRB often grants credit lines of between $1m and $3m to companies that may struggle to meet stricter lending requirements at conventional banks such as Wells Fargo or Bank of America, preferring instead to identify "learners, achievers, winners and champions" of sustainable business values.
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For example, it grants credits for growing forests, which absorb carbon dioxide.
The main state banks are the Central Bank of Paraguay, which handles all monetary functions, and the National Development Bank, which grants credits to agricultural enterprises and manufacturers.
Some colleges grant credit for learning acquired outside of the classroom.
High schools are unlikely to grant credit for courses in a medium they still consider untested.
At Jamaica High School in Queens, the department discovered that the school had improperly granted credit to some transfer students.
Almost from the beginning there were writers, many of whom were granted credit privileges when cash was low or nonexistent.
His father granted credit for purchases at the drugstore, keeping records on small cards he kept in a drawer.
And bank cards had granted credit, to be paid off over time, but they were limited to local areas.
She also streamlined decision making, giving store managers and experienced sales representatives the authority to set prices and grant credit.
As the use of consumer credit grew and populations became more mobile, businesses turned to credit bureaus for information regarding decisions on whether to grant credit.
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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