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| Name | What is a Credit Card Limit? | Discover | Card Smarts |
| Video Uploader | Video From Discover |
| Upload Date | This Video Uploaded At 30-10-2019 12:10:37 |
| Video Discription | A credit card limit is the maximum amount of money you can charge on a credit card. Typically, your credit card issuer sets your credit limit based on factors such as your credit score and income. When you hit your credit limit, your card may be considered "maxed out", which means that you cannot charge any more on the card. Carrying a balance that is very close to your credit card limit may negatively affect your credit utilization ratio, which is an important factor in determining your credit score. Related Links: What is a Credit Card Limit?: https://www.discover.com/credit-cards/card-smarts/credit-limit-determined/ Compare Discover Credit Cards: https://www.discover.com/credit-cards/compare/ Card Smarts: https://www.discover.com/credit-cards/card-smarts/ A credit limit is the maximum amount your credit card issuer allows you to charge on a card. It's a good idea to be aware of your credit card limit and stay way below it so that your credit score isn’t negatively impacted. Related videos: What is a Secured Credit Card? - https://www.youtube.com/watch?v=mHykq8gaGvI What is Credit History and Why Does it Matter? - https://www.youtube.com/watch?v=t-k7FtZxyE8 Subscribe to our channel and also follow us here: Facebook: https://www.facebook.com/discover Instagram: https://www.instagram.com/discover Twitter: https://www.twitter.com/discover #whatarecreditlimitsincreditcard, #creditlimitincreditcard, #availablelimit, #cashlimit, #howtorefillyourcreditlimit, #howtoincreaseyourcreditcardlimit, #howmuchlimitisgoodforcreditcard |
| Category | People & Blogs |
| Tags | credit limit | credit card | personal finance | Discover |
