What Is the Limit of Credit Cards? Can I Use 100% of My Credit Card Limit?
Posted on Thursday, August 24th, 2023 |
Credit limit refers to the maximum amount of money a credit card issuer allows you to borrow. Using 100% of your credit card limit may negatively affect your credit score and financial stability. Credit card usage has increased dramatically in India over the past few years. Credit cards have completely changed how we shop, pay…
Read more4 Factors That Influence Your Credit Card Limit
Posted on Friday, December 22nd, 2017 |
The amount of credit you are allowed, also known as the spending limit or the credit limit, is the most important aspect to look at when you apply for a credit card. Setting the right limit is essential as it must appeal to the customer while being acceptable and comfortable for the bank. The calculation…
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