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Is it illegal for a store to set a limit on the amount you must purchase on your credit card?
Wiki User
∙ 15y ago
No, it is not illegal. That is what they do when they find, or suspect, that you have maxed out your credit card.
Wiki User
∙ 15y ago
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What is meant by a credit limit?
Credit limit is the largest amount of money a consumer can charge on a credit card. The amount equals the amount of credit extended to a consumer. Charges over this amount are usually allowed, but expect to pay an "over-the-limit" fee.
How much is a two percent purchase on a credit card?
It will depend on how much your credit limit is. For example, if your credit card limit is $500, a two percent purchase on your credit card would be $10.00
What is the maximum amount you can charge on a credit card?
Credit Limit
What is maximum amount you can charge on a credit is called?
your credit limit
What is credit limit in credit card?
Credit cards are open ended accounts. The issuing bank has a limit as to how much can be borrowed against the account. The top amount is the credit limit.
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.
The amount above what you owed but below your credit limit is called what credit?
unused credit
How Credit distinguished from credit volume?
Credit is the power to obtain goods and services in exchange for a promise to pay for them later while credit volume is the amount or in some other cases the maximum amount that an individual is able to obtain. For example, a person who has a credit card with a credit limit of 50,000 will not be able to use the card for credit purchase higher than 50,000. Thus, ten persons with a credit card limit each of 50,000 will have an aggregate credit of 500,000.
What is the dollar amount limit you can access on a home equity line of credit?
amount depends on your credit score and the amount of equity you have in your home.
What amount of credit can be use monthly on a 455 credit limit credit card?
you should only utilize 35% of your credit line
What is a credit card limit?
it is the maximum amount of money you can spend on a credit card, and it is all based on your credit rating and income.
