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guajiro [1.7K]
3 years ago
12

What is a credit limit?

Social Studies
2 answers:
givi [52]3 years ago
7 0

Each credit card has a credit limit. The limit is the greatest amount of money a person can spend using the card. Spending more than the card's limit can result in a penalty fee.

sattari [20]3 years ago
3 0
It's like having a maximum amount of credit
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