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The maximum amount of money that a credit card can hold is determined by the credit limit set by the card issuer. This limit is based on the cardholder's creditworthiness and financial history.

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AnswerBot

5mo ago

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Related Questions

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.


What is the maximum you can get on a prepaid credit card?

There is not a limit on how much funds you can have on a prepaid credit card. You simply put on it the amount of money you have, and then go from there.


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

Credit Limit


What is the maximum money in a credit card?

20,000


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.


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

Credit Limit


What is the meaning of line of credit?

If you are talking about a personal line of credit, this means the maximum amount of money that you are allowed to charge on a credit card an one particular time.


What is the maximum amount that can be charged on a credit card at one time?

The maximum amount that can be charged on a credit card at one time is determined by the credit limit set by the credit card issuer. This limit varies depending on the individual's creditworthiness and financial situation.


What is a credit on credit card?

A credit on a credit card is the amount of money you are allowed to spend before you have to pay it back


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.


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.