Questions You May Not Have Asked About Credit Card Limits
Without knowing the full details of how credit limits work, consumers run the risk of making costly mistakes as they try to build and maintain good credit.
- Without knowing the full details of how credit limits work, consumers run the risk of making costly mistakes as they try to build and maintain good credit.
- Sullivan answers four credit limit questions for consumers:
What determines my credit limit? - Lenders consider numerous factors when determining credit limits including income, credit score, credit history and limits on other cards.
- Your credit limits impact your credit utilization ratio, which is a key factor in calculating your credit score.