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A credit limit is the maximum amount of money a lender is willing to extend to a borrower, while an access line is the actual amount of credit available for the borrower to use at any given time.

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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.


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

A credit limit is the maximum amount of money a lender is willing to let you borrow, while a credit access line is the total amount of credit available to you at any given time.


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

A credit access line allows you to borrow money up to a certain limit, while a cash access line allows you to withdraw cash directly from your account up to a certain limit.


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.


What are the difference between line of credit and credit limit?

Answering "http://wiki.answers.com/Q/What_are_the_difference_between_line_of_credit_and_credit_limit"

Related Questions

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.


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

A credit limit is the maximum amount of money a lender is willing to let you borrow, while a credit access line is the total amount of credit available to you at any given time.


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

A credit access line allows you to borrow money up to a certain limit, while a cash access line allows you to withdraw cash directly from your account up to a certain limit.


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.


What are the difference between line of credit and credit limit?

Answering "http://wiki.answers.com/Q/What_are_the_difference_between_line_of_credit_and_credit_limit"


What is the difference between a credit limit and a cash advance limit on a credit card?

A credit limit is the maximum amount you can spend on your credit card for purchases, while a cash advance limit is the maximum amount you can withdraw as cash from your credit card.


What is the difference between a cash advance limit and a credit limit on a credit card?

A cash advance limit is the maximum amount of cash you can withdraw from your credit card, typically lower than the credit limit. The credit limit is the total amount you can spend on purchases using the card.


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 line of credit and a loan?

A line of credit is a flexible borrowing arrangement where you can access funds up to a certain limit, repay, and borrow again. A loan is a fixed amount of money borrowed upfront, with set repayment terms.


When I look at my credit card statement online why does the available credit show less than the actual credit limit?

The difference between the two should be what has been charged to the card.


How you find the available credit limit for a cardholder?

ONLY the card-holder can legitimately access that information. A person's credit limit is nobody-else's business !


On credit card what is difference between initial credit line and partial line amount?

According to Citi, the partial line amount is the available cash advance amount, and the credit line is the limit on the account