Credit One Credit Card Limit. $58,000, according to a member on the myfico forums. How do credit limits relate to available balance?
The size of your credit limit affects the purchasing power you have with your credit card—the larger your credit limit, the more you can purchase. If your initial limit is lower than $1,500, don't worry because your account will be reviewed often for credit line increases, and if you make your first 6 payments on time, you can get a credit line increase. Earn 60,000 bonus miles after you spend $3,000 on purchases within the first.
Key points on credit limits your credit limit is the maximum, in total, you can borrow on your credit card at any one time.
You're not held liable for fraudulent charges. Transferring credit limits is different from requesting a credit limit increase or decrease on a card because you're not gaining or losing any available credit. Credit limit is the predefined purchase limit set by your bank or credit card company on a particular credit card. As you use your card, the amount of each purchase is subtracted from your credit limit.
