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What is the maximum you can borrow on your credit card called?

Anonymous

∙ 7y ago

Updated: 9/28/2023

Your credit limit.

Wiki User

∙ 7y ago

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What is the difference between a credit line and a credit limit?

A credit line is the maximum amount of credit a lender is willing to extend to a borrower, while a credit limit is the maximum amount a borrower can borrow on a credit card or line of credit.

What is the difference between a credit access line and a credit limit?

A credit access line is the maximum amount of credit a borrower can access from a lender, while a credit limit is the maximum amount a borrower can borrow on a credit card or line of credit.

The maximum amount you can charge on a credit card is called?

Credit Limit

What is the maximum amount you can charge on a credit card called?

Assuming you mean as a customer - that's called your credit limit.

Where can you borrow credit card?

You should not borrow a credit card. Get your own. If you are not credit worthy, then you'll need to do without one. ------------------------------------------------- Using someone elses card is by definition fraud (even with their permission). Fraud is a criminal offence. You aren't able to borrow a card because you may abuse the usage of it.

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Related Questions

What is the difference between a credit line and a credit limit?

A credit line is the maximum amount of credit a lender is willing to extend to a borrower, while a credit limit is the maximum amount a borrower can borrow on a credit card or line of credit.

What is the difference between a credit access line and a credit limit?

A credit access line is the maximum amount of credit a borrower can access from a lender, while a credit limit is the maximum amount a borrower can borrow on a credit card or line of credit.

The maximum amount you can charge on a credit card is called?

Credit Limit

What is the maximum amount you can charge on a credit card called?

Assuming you mean as a customer - that's called your credit limit.

What is a CC on a credit card and how does it impact my financial transactions?

A CC on a credit card stands for "credit limit." It is the maximum amount of money you can borrow on your card. Exceeding your credit limit can result in fees and penalties, and may negatively impact your credit score. It is important to manage your credit limit responsibly to avoid financial consequences.

What about credit card?

line of credit that you can borrow, to purchase items. it is a loan

Where can you borrow credit card?

You should not borrow a credit card. Get your own. If you are not credit worthy, then you'll need to do without one. ------------------------------------------------- Using someone elses card is by definition fraud (even with their permission). Fraud is a criminal offence. You aren't able to borrow a card because you may abuse the usage of it.

What is the difference between a credit limit and a credit access line, and how does this affect my ability to borrow money?

A credit limit is the maximum amount of money a lender is willing to let you borrow on a credit card, while a credit access line is the total amount of credit available to you across all your credit accounts. The difference is that a credit limit is specific to one credit card, while a credit access line encompasses all your credit accounts. Having a higher credit access line can potentially increase your ability to borrow money, as it indicates that you have access to more credit overall.

You want to create an account on the website 'Moviease' but you dont have a credit card what should you do?

borrow your friends credit card.

How do credit card companies get paid?

With the interest you pay on what you borrow.

What is it called if you borrow money on a credit card?

When you borrow money on a credit card, it's called a cash advance. A cash advance is when you use your credit card to get cash from an ATM or bank teller, or to transfer money to your bank account. Cash advances usually have higher interest rates than regular purchases, and they may also have fees associated with them. It's important to read the terms and conditions of your credit card agreement to understand the interest rates and fees associated with cash advances.

Whats the most you can borrow using a credit card?

It depends on the card. Some cards have limits over $50,000- there are even cards with no limit at all. Other cards have maximum limits closer to $5000...

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