A credit limit is basically what the term suggests: A financial cap on a credit card account that limits how much money the cardholder can borrow from the card issuer. By including a maximum spending amount, the card issuer buys itself some protection against the cardholder borrowing more than they can pay back on an […]
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Credit limit increases donât hurt your credit score. In fact, they could even help your credit score. Using your credit card isnât bad for your credit score if youâve got a larger line of credit, make on-time payments, and keep…
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[UPDATE: Some offers mentioned below have expired and/or are no longer available on our site. You can view the current offers from our partners in our credit card marketplace. DISCLOSURE: Cards from our partners are mentioned below.] What is a credit limit and how is it determined? A credit limit is the maximum amount of… Read More
The post What is a Credit Limit, How is It Determined, and What Credit Cards Offer the Highest Limits? appeared first on Credit.com.