answersLogoWhite

0

If a guest had no upper credit limit - they could run up a huge bill, with no means of paying for what they've spent. Limiting a guest's credit limit minimises losses.

User Avatar

Wiki User

8y ago

What else can I help you with?

Related Questions

Does Capital One report credit limits to credit bureaus?

Yes, Capital One typically reports credit limits to credit bureaus as part of your credit profile.


Do credit cards provide open end credit?

They have limits.


What does a credit department do in a bank?

credit department handles the credit granting, credit collection and credit limits of their applicants


What is the importance of credit management?

Credit management is vitally importance for a successful financial future. Good credit can ensure better loan terms, higher credit limits, and greater availability to financial products.


What are the limit options on a Capital One credit card?

The credit card limit at minimum would be 200. The highest limit that is offered is 2500. Even if you get the lower of the credit limits, the limits tend to go up quickly as long as you pay on time.


What does it mean to be on the guest list at a concert?

Free admission and usually better seating backstage or other access would depend on venue and guest limits they have


Do credit card companies only approve credit limits that an individual is able to afford?

Credit limits are set by your lender who can change your credit limit depending on your payment history, usage and a number of other factors. They will make reasonable choices when setting or amending your credit limit and would certainly avoid giving someone a credit limit they believe the individual could not reasonably afford.


How credit company manage credit?

Credit Company manage it by way of evaluating there customer on how they will use it and spend it. Some credit company limits their credit so that user can limit also the way they will spend it.


What credit cards can be applied for with bad credit?

Having bad credit a person limits themselves greatly on what credit cards they can have. The only card offered to people with bad credit is the Premier Bank MasterCard.


In 1976 what outlaw became the first musical guest on Austin City Limits?

Willie Nelson


Customers are given Credit Limits...?

To ensure they dont exceed their ability to pay


Why are customers given credit limits?

To ensure they dont exceed their ability to pay