Credit card Limit

Credit Limit is the maximum amount up to which a lending entity can lend (give) money to its customers.

Credit limit is further divided as follows:

    Cash's withdrawal limit is the maximum amount of cash that can be withdrawn through a credit card.Credit transaction limit is the maximum limit for all credit transactions (of purchases) that can be done through a credit card.Usually, the cash withdrawal limit is less than the credit transaction limit.We have just finished discussing the essential introductory part of this article. Now let’s move ahead to comprehend the meaning of term credit card and its related details. Credit Card is a plastic card issued by any bank or non-banking financial company (NBFC) which is ready to lend money (i.e. give credit) to its customer or user.