credit limit
Maximum borrowing allowance
A credit limit is the maximum amount a lender allows you to borrow on a credit card or line of credit.
Spending up to the limit without paying down the balance hurts your credit score; exceeding it may trigger fees or declined transactions.
My credit limit is five thousand dollars, but I try to keep the balance under a third of that.
Covering for top
- ceilingRoom's upper surface
- maximumGreatest permitted quantity
- thresholdPoint of beginning
- boundaryLine marking a limit
constraint · limitation · curb · control · restriction · quota · allowance · buffer
Ability to repay debts
- debt-to-incomeObligations relative to earnings
- loanBorrowed money repaid later
- borrowerOne who takes temporarily
- lenderOne who loans money
approval · application · underwriting · qualify · mortgage · overdraft · default · risk
Steadiness or amount owed
- minimum paymentLowest acceptable installment amount
- balance transferMoving debt to another account
- cash advanceBorrowed funds before payday
- grace periodAllowed delay before consequences
overlimit · cardholder · issuer · statement · spending · maxed out · payment due · autopay
Penalty for overdue payment
- hard inquiryRecorded credit report access
- defaultPreset standard option
- bankruptcyLegal status when insolvent
- debtMoney owed another
collection · interest charge · recovery · freeze · suspension · denial · rejection
cap
Covering for top
boundary · constraint · limitation · curb · control · restriction · quota · allowance · buffer · headroom
creditworthiness
Ability to repay debts
- debt-to-incomeObligations relative to earnings
- loanBorrowed money repaid later
- borrowerOne who takes temporarily
lender · approval · application · underwriting · qualify · mortgage · overdraft · default · risk · rating
balance
Steadiness or amount owed
- minimum paymentLowest acceptable installment amount
- balance transferMoving debt to another account
- cash advanceBorrowed funds before payday
grace period · overlimit · cardholder · issuer · statement · spending · maxed out · payment due · autopay · billing cycle
late fee
Penalty for overdue payment
- hard inquiryRecorded credit report access
- defaultPreset standard option
- bankruptcyLegal status when insolvent
debt · collection · interest charge · recovery · freeze · suspension · denial · rejection
- credit cardsloyalty card, cardholder, cashback offers, card number, rewards card
- limitslimits, limitation, time limits, age limits, speed limits
- credit documentsloan contract, loan estimate, promissory note
- credit termsloans, installment loan, monthly payment, interest rate, installments
- financial agreementsloan agreement, loan contract, promissory note, loan, personal loan
- spending limitsspending cap
credit limitavailable balance
Money currently usable in account
available credit · outstanding balance · maxed out · credit utilization
limit, credit, incredible, discredit, credentials, credits, credo, incredulous, accredit