Donate SIGN UP
Home > Business & Finance > Personal Finance > Credit limits

Credit limits

Avatar Image
GKW | 20:33 Thu 24th Feb 2011 | Personal Finance
4 Answers
Are credit limits monthly or annual?

TIA
prev Income Based and Contribution Based JSA
  
next Are we being shafted by our bank?
Gravatar

Answers

1 to 4 of 4rss feed

Best Answer

No best answer has yet been selected by GKW. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
Avatar Image boxtops
on what - phone, credit card?
20:34 Thu 24th Feb 2011
Avatar Image GKW
Question Author
Credit card
20:36 Thu 24th Feb 2011
Avatar Image boxtops
The credit limit on a credit card is the total they will let you borrow on it, ever. You can spend it all in the first week if you want to, but then you can't use the card again until you have cleared some of the balance. (Going over the limit on your credit card is horrendously expensive and wrecks any special balance transfer or special offer rates you might be on, btw.)
20:39 Thu 24th Feb 2011
Avatar Image factor-fiction
No- they are ongoing and apply at all times. Boxtops' answer probably covers it. If not, GWK, please can you clarify what exactly is it you need to know.
22:14 Thu 24th Feb 2011

1 to 4 of 4rss feed

Do you know the answer?

Credit limits

Answer Question >>