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
What to consider before opening multiple credit cards Opening more cards to increase your credit limit isn’t a wise move for everyone who wants to improve their credit score.
—
Cheyenne Devon, CNBC, 29 Nov. 2024
These cards require a cash deposit as collateral, which serves as your credit limit.
—True Tamplin, Forbes, 28 Nov. 2024
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
See all Example Sentences for credit limit 
Examples are automatically compiled from online sources to
show current usage.
Read More
Opinions expressed in the examples do not represent those of Merriam-Webster or its editors.
Send us feedback.
Cheyenne Devon, CNBC, 29 Nov. 2024
These cards require a cash deposit as collateral, which serves as your credit limit.
—True Tamplin, Forbes, 28 Nov. 2024
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
See all Example Sentences for credit limit
Dictionary Entries Near credit limit
Cite this Entry
“Credit limit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/credit%20limit. Accessed 22 Dec. 2024.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share