credit limit

noun

: the most money that a bank or business will allow a person to borrow

Some banks will charge a fee if you go over your credit limit.

Examples of credit limit in a Sentence

Recent Examples on the Web It’s generally recommended to keep your credit utilization below 30% of your total credit limit to maintain a healthy score. —

True Tamplin, Forbes, 16 Oct. 2024 With a secured credit card, the applicant typically must pay a cash deposit and is help to a relatively low credit limit. —

Mariana Apostolatos, Cnbc Intern, CNBC, 1 Oct. 2024 If an account is in good standing, it can be changed over to a regular credit card, often with a higher credit limit. —

Mariana Apostolatos, Cnbc Intern, CNBC, 1 Oct. 2024 Unsuccessful borrowers most often reported getting denied a new credit card, or a credit limit increase on an existing card. —

Daniel De Visé, USA TODAY, 5 Mar. 2024 See all Example Sentences for credit limit

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'credit limit.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.