How To Guide For: Knowing How Your Credit Card Issuer Determines Your Credit Limit
- Safi Bello
- Oct 18, 2016
- 1 min read
When applying for a credit card(s) you've probably wondered when applying and hopefully after being approved how does the credit card issuer decide what my credit limit will be. Credit card issuers will tell you what factors they consider when they assign a credit limit. But they won't really tell you how it is calculated. One of the biggest deciding factors that credit card issuers use in determining your credit limit is your credit score. Other factors that play a role in deciding your credit limit is your income and what your financial responsibilities are. These are just some of the things that credit card issuers use to determine your credit limit. To get more in depth information on how your credit card issuer determines your credit limit -- click on the pictures below to read the articles.
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