Credit limit

A credit limit is the maximum amount of credit that a financial institution or other lender will extend to a debtor for a particular line of credit (sometimes called a credit line, line of credit, or a tradeline). For example, it is the most that a credit card company will allow a card holder to take out at once on a credit card.

This limit is based on a variety of factors ranging from an individual's ability to make interest payments, an organization's cashflow or ability to repay the credit card debt and is an obligation of the consumer to pay just like all other parts of the balance.

Maxed out

A line of credit that has reached or exceeded its limit is said to be maxed out. While the line of credit is maxed out, it cannot be used for any further activity unless the consumer pays off at least some of the debt to enable it to fall below the limit, the creditor agrees to extend the limit, or the creditor allows one or more additional purchases with the charging of an over-the-limit fee.

Credit, charge and debit cards
Major cards	American Express Diners Club MasterCard Debit MasterCard Maestro Visa Visa Debit Visa Electron
Regional and specialty cards	Bancomat BC Card BCA Card Carte Bleue China UnionPay Dankort Discover EFTPOS Electronic Payment Services (EPS) Girocard Interac JCB Mir MEPS NETS RuPay UATP V Pay Verve
Defunct cards	Access Bankcard Carte Blanche Choice enRoute Eurocard Everything Laser Rail Travel Card Revolution Card Solo Switch
Accounts	Payment card number Card enclosure Credit card balance transfer Credit limit Installment credit Revolving account Deposit account Current/checking account Savings account
Debt	Cash advance Charge-off Maxed out
Interest	Grace period Introductory rate Universal default
Payment	Card not present transaction Chargeback Controlled payment number Dispute
Interchange fee	Interchange fee Surcharge
Security	Card security code Chargeback fraud Credit card fraud Credit card hijacking Enculturation
Technology	Cash machine Chip and PIN Contactless payment Credit card terminal EMV Interbank network Magnetic stripe card Smart card

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