Lesson60 seconds
What is Credit Limit?
The maximum you can borrow or charge on a facility or card.
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Simple Definition
A credit limit is the ceiling sanctioned on a card, OD, CC, or similar revolving line.
Explanation level
Tap a persona to hear the same idea in a totally different voice.
Try “Like I'm 5™” for a picture-book version - not the grown-up wording above.
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