Thursday, December 15, 2011

What does "Available credit" mean?

i havent recieved the card yet or anything but i checked online and its like:





Available credit: $800|||that is how much you can charge.


But never charge that much.


If you charge close, the interest fees might kick you over the limit.


so say you charge $789 worth of goods and services. Your interest charge might be $35.00 and then you will be over the limit on your credit card.


If that happens then you will owe a $25.00 (or more) over the limit fee.|||thats how much you can spend, if you go over you get a charge mine is like a $28 fee





peace love answers


jillie|||When you get a new credit account you are told the amount it is for. In this case if you have not yet used your credit account to get funds then the available credit is the same as your credit limit which is $800. Say you used $100 of credit then the available credit would be $700 since you used the $100 an so on.

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