0 the largest amount of money that a bank allows you to spend using a credit card --
1 the maximum amount of money that a bank will allow someone to borrow, especially on a credit card: --
Credit control has a number of sections that include - credit approval, credit limit approval, dispatch approvals and well as collection process.
Credit card holders may borrow funds on a revolving basis up to an assigned credit limit.
It carried no annual fee, which was uncommon at the time, and offered a typically higher credit limit than similar cards.
Charge cards are typically issued without spending limits, whereas credit cards usually have a specified credit limit that the cardholder may not exceed.
Then the word, "credit" can be construed in two different ways, to mean either the credit limit or the actual amount of borrowing outstanding at any one time.
It appears, however, that, where an agreement is modified through, for example, the credit limit being increased, the dispensing notice will lapse.
Even the new credit limit of £700 million, which in any case is provided by the banks, is widely thought to be insufficient.
I asked how it would guarantee confidentiality and who else would know my credit limit.
