Credit limit is the maximum amount of charges a cardholder may apply to the account. The Consumer Federation of America suggests people carry credit lines no greater than 20 percent of their gross household income. For example, people with a gross income of $50, 000 would cap credit lines at $10, 000.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). credit limit. Retrieved September 25, 2026, from http://smartdefine.org/credit_limit/definitions/1151091 |
| Chicago | Barry Goldsmith. 2010. "credit limit" http://smartdefine.org/credit_limit/definitions/1151091 (accessed September 25, 2026). |
| Harvard | Barry Goldsmith 2010, credit limit, Smart Define, viewed 25 September, 2026, <http://smartdefine.org/credit_limit/definitions/1151091>. |
| MLA | Barry Goldsmith. "credit limit" 21 October 2010. Web. 25 September 2026. <http://smartdefine.org/credit_limit/definitions/1151091> |