A credit limit is the most a lender will let you borrow. Reach the credit limit, raise the credit limit, over the credit limit.
It is set from your record rather than your income alone, and it can be lowered without warning. Using a small share of a credit limit is treated as a sign of good management.
1nouncredit limitThe most a lender will let you borrow.
“The card was refused because it had hit the credit limit.”
credit limit is a limit.
Practised in Business & Money