What is a credit limit


Asked by maham237 @ in German viewed by 455 People


A)The required payment to your credit card company. .
B)The amount of interest you are charged each month.
C)The maximum amount you can charge each billing cycle.
D)How many credit cards you can own

Answered by maham237 @



Credit limit refers to the maximum amount of credit a financial institution extends to a client through a line of credit as well as the maximum amount a credit card company allows a borrower to spend on a single card.

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