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 When one creator posted a video about how to get a high credit limit using dubious methods, her comment section quickly filled up with users accusing her of committing fraud. New York Times, 19 Apr. 2024 Expensive goods that once were merely aspirational suddenly became attainable—depending on your credit limit, of course. The Editors, Robb Report, 28 Mar. 2024 Coco Jones Coco Jones, one of the evening's nominees for best new artist, looked like a million bucks — or whatever Uncle Phil's credit limit is. Erin Jensen, USA TODAY, 5 Feb. 2024 Amounts owed: Lenders want to ensure a refinance won't overextend you, so keep your amounts owed under 30% of your credit limit. Elizabeth Rivelli, Car and Driver, 14 July 2023 The federal government is careening toward its borrowing credit limit, beyond which the Treasury won’t be able to pay all its bills. Doyle McManus, Los Angeles Times, 7 May 2023 Typically, secured credit cards offer you a credit limit equal to your security deposit. Emily Sherman, wsj.com, 9 Jan. 2024 Opening an account raises your overall credit limit and potentially adds to your mix of credit types, aiding your score. Nerdwallet, Hartford Courant, 4 Jan. 2024 Eventually, her lender raised her credit limit to several thousand dollars. Michelle Singletary, Washington Post, 24 Nov. 2023

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'credit limit.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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 27 May. 2024.

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