D daisy New member Friday at 10:17 AM #1 I am trying to understand what a credit limit means in banking and credit cards. Is it the maximum amount you can borrow or spend, and how is it decided by banks? Can someone explain in simple terms with an example so I can get a clear idea?
I am trying to understand what a credit limit means in banking and credit cards. Is it the maximum amount you can borrow or spend, and how is it decided by banks? Can someone explain in simple terms with an example so I can get a clear idea?
