Question

What is a credit limit? A)The required payment to your credit card company. B)The amount of interest you are charged each month. C)The maximum amount you can charge each billing cycle. D)How many credit cards you can own

Answer 1

C- a credit limit is the maximum amount of money you can charge to your account. ;P hope this helps

Answer 2

Credit limit refers to the maximum amount of credit a financial institution extends to a client through a line of credit as well as the maximum amount a credit card company allows a borrower to spend on a single card.