Definition

The maximum amount you’re allowed to borrow on a revolving credit account, like a credit card.

What to consider

  • Keep an eye on your available credit to avoid overspending.
  • Request an increase if it helps improve your financial flexibility.
  • Review any associated fees and terms regularly.

Real world scenarios

  • To handle unexpected home repairs, Zoe requested an increase in her credit line, providing her with extra financial flexibility.

Related terms

Reviewing: Debt & Loans (15 of 57)
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Mia's avatar
Hey there! I’m Mia. Have questions about Credit Line?
Mia's avatar
I’ve got a few ideas you can put into action today. Ready to dive in?