what is a credit limit

questioned by maham237 @ 26/04/2021 in German viewed by 277 People

A)The required payment to your credit card company. .
B)The amount of interest you are charged each month.
C)The maximum amount you can charge each billing cycle.
D)How many credit cards you can own

Answered by maham237 @ 26/04/2021

Credit limit refers to the maximum amount of credit a financial institution extends to a client through a line of credit as well as the maximum amount a credit card company allows a borrower to spend on a single card.

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