credit limit
noun
: the most money that a bank or business will allow a person to borrow
Some banks will charge a fee if you go over your credit limit.
Examples of credit limit in a Sentence
Recent Examples on the Web
It’s generally recommended to keep your credit utilization below 30% of your total credit limit to maintain a healthy score.
—
True Tamplin, Forbes, 16 Oct. 2024
With a secured credit card, the applicant typically must pay a cash deposit and is help to a relatively low credit limit.
—Mariana Apostolatos, Cnbc Intern, CNBC, 1 Oct. 2024
If an account is in good standing, it can be changed over to a regular credit card, often with a higher credit limit.
—Mariana Apostolatos, Cnbc Intern, CNBC, 1 Oct. 2024
Unsuccessful borrowers most often reported getting denied a new credit card, or a credit limit increase on an existing card.
—Daniel De Visé, USA TODAY, 5 Mar. 2024
See all Example Sentences for credit limit 
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True Tamplin, Forbes, 16 Oct. 2024
With a secured credit card, the applicant typically must pay a cash deposit and is help to a relatively low credit limit.
—Mariana Apostolatos, Cnbc Intern, CNBC, 1 Oct. 2024
If an account is in good standing, it can be changed over to a regular credit card, often with a higher credit limit.
—Mariana Apostolatos, Cnbc Intern, CNBC, 1 Oct. 2024
Unsuccessful borrowers most often reported getting denied a new credit card, or a credit limit increase on an existing card.
—Daniel De Visé, USA TODAY, 5 Mar. 2024
See all Example Sentences for credit limit
Dictionary Entries Near credit limit
Cite this Entry
“Credit limit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/credit%20limit. Accessed 21 Nov. 2024.
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