Bosendorfer Model 225 Grand Piano 7 ft. 4 in. Polished Ebony finish, comes with artist bench. You may see and play this piano at ourKeyboard Concepts -Sherman Oaks location. For the past 27 years, Key...
A credit limit is the maximum amount of credit that a financial institution or other lender will extend to a debtor for a particular line of credit (sometimes called a credit line, line of credit, or a tradeline). credit limit is the maximum amount of credit that a financial institution or other lender will extend to a debtor for a particular line of credit (sometimes called a credit line, line of credit, or a tradeline).
Answers. Relevance. Rating Newest Oldest. Best Answer: The credit limit is the amount you can charge. when you make a payment the limit balance will increase If you charge 500 on a 1000 limit you have a ballance of 500 to charge, once you pay the 500 you charged, then you limit goes back up to 1000.Hope this is simple enough and hope it helps. Source(s):he limit is the max. When you charge something, it decreases the available amount. When you pay it off, it increases the available amount. The best thing way to deal with a credit card is to only charge what you can afford to pay in full each month.