Credit cards are sought after by many young people because of their characteristics of spending first and then repaying. So, do you know the difference between the credit limit and the available limit of a credit card?

What's the difference between credit line and available line?

The credit limit of a credit card is the highest overdraft limit granted by the credit card issuing bank to the cardholder, while the available limit is the current available limit of the credit card. Generally speaking, the available credit line is the credit line granted by the bank minus the currently used credit line, including unpaid debts and the amount of transactions that have occurred.

Determinants of credit card limit:

1. cardholder's income status: at the initial stage of card application, the applicant needs to provide personal income certificate, work certificate and asset certificate to the bank;

2. Cardholder's credit status: the better the cardholder's credit, the higher the credit card limit that can be applied for, and the worse the credit, the opposite;

3. Number of card swipes by cardholders: Credit cards are often used, no matter how much they spend, it must be beneficial and harmless to increase the credit card limit;

4. Cardholder's spending limit: After applying for a credit card, the cardholder will spend as much as possible when swiping the card every month, which is also conducive to improving the credit limit.

That's all. I hope it helps you.