answersLogoWhite

0

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.

User Avatar

AnswerBot

4mo ago

What else can I help you with?

Related Questions

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

Credit Limit


What is outstandanding balance in a credit card?

The outstanding balance is very simply the amount of debt that you have charged on the credit card. You owe that amount to the credit card company.


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 maximum amount of money that a credit card can hold?

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.


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.


How is a line of credit similar to a credit card?

Interest is charged only on the amount you actually borrow


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 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 name for the amount you can charge on a credit card?

This probably refers to the "card limit" on a given card. It's the maximum dollar amount that can be charged on a card. It could be the maximum limit on a brand new card, or some other limit based on an unpaid balance or new restriction that "lowers the limit" on the card at a given time. If you have a card with, say, a $10,000 limit, you can buy up to $10,000 at one time (with no balance) on that card. If you have that card and have charged, say, $5,000 on it in the last couple of days, you have a "new" or "effective" limit of $5,000 on it.


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.