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
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
Many of the options with the longest 0% APRs also come with similarly generous rates for new purchases and moving the debt frees up the credit limit on your prior cards as well.
—Kerri Anne Renzulli, wsj.com, 31 Oct. 2023
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
Many of the options with the longest 0% APRs also come with similarly generous rates for new purchases and moving the debt frees up the credit limit on your prior cards as well.
—Kerri Anne Renzulli, wsj.com, 31 Oct. 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 28 Apr. 2024.
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