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
Related Playbooks
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