Don't exactly know what available credit card limit means? Soon you will
Updated : May 20, 2019 03:00 PM IST
Credit limit, as the term suggests refers to the maximum amount of money or the purchase of limit that has been set by the credit card company or the bank for you to spend. You cannot spend beyond this limit.
The available credit limit, on the other hand, is the difference between the total credit limit and the amount you have spent on your card.
Irrespective of any purchases made on your card, the bank generates an e-mail credit card statement each month where you can check your credit limit, outstanding on the card and also the available limit.
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