You’ve applied for a credit card and were approved (congrats!), but that doesn’t mean you have unlimited spending power. It’s important to know your card’s credit limit, which is the maximum amount you can spend on your card. What is a credit limit and who sets it? Your credit limit is the total amount of…
The article What Is a Credit Limit? What Does Available Credit Mean? originally appeared on NerdWallet.
https://www.nerdwallet.com/article/finance/what-is-credit-limit
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