Question

What is a credit limit? athe required payment to your credit card company. bthe amount of interest you are charged each month. cthe maximum amount you can charge each billing cycle. dhow many credit cards you can own.?

Answer 1

I believe the correct answer from the choices listed above is option C. A credit limit is the maximum amount you can charge each billing cycle.  The credit limit on your credit card is the maximum balance your credit card issuer allows. Hope this answers the question.