Understanding Your Credit Limit: Key Factors Explained

Learn how credit limits are set by issuers based on income, credit score, and payment history.

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Credit limits are determined by your credit card issuer based on various factors like your income, credit score, and payment history. Check your credit card statement or contact your issuer directly to find out your specific limit.

FAQs & Answers

  1. What factors affect my credit limit? Your credit limit is influenced by your income, credit score, and payment history.
  2. How do I check my credit limit? You can find your credit limit on your credit card statement or by contacting your card issuer.
  3. Can I increase my credit limit? Yes, you can request an increase from your issuer, typically requiring a good payment history.

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