Browsing Tag

credit rating

What is a good credit limit?

Unfortunately, credit card issuers rarely publish their credit limit ranges. In most cases, you won't know what credit limit you will be getting until you apply and get approved. Although these ranges vary from map to map, the type card…

Definition of credit limit

What is a credit limit? The term credit limit refers to the maximum amount of credit that a financial institution gives to a customer. A lending institution extends a credit limit on a credit card or line of credit. Lenders…

What is a credit limit?

One of those things that can be a bit confusing is your credit limit. Even if you know the amount, you may not know how it is determined or how it affects other areas of your credit life, such as your credit score. But you can relax…

How to increase your credit limit

Your credit limit plays a bigger role in your financial life than just allowing you to spend more when you use your credit card. Yes, getting a higher credit limit can allow you to borrow large sums of money, but it can also boost your…