What is the difference between available credit and credit limit?

can anyone help me understand what this is please.|||Available Credit is the difference remaining,


between Credit Limit %26amp; Current Balance owed.|||Example:


If you have a credit limit of $1000, you have made no charges so your available credit is $1000.





You make a charge on the card for $200





Your credit limit is still $1000, your available credit will be $800





You pay them $200


Your credit limit is still $1,000 and your available credit is $1,000|||Available credit is the amount of money you can spend right now. It's the amount of money that is on your card. Credit limit is the amount of money/credit that you were allowed when you received the card.


For example, your credit limit is $1,000. You have made a few purchases(cell phone $200, sofa $300), and now the amount you spent on the purchases(total $500) has been deducted from the $1,000, resulting in an avaiable credit of $500.|||Credit limit is what is on the card when it is issued to you.


Ex.. When you get a credit card the letter with it will say the credit limit on the card is $500.


Available credit is how much of that $500 you have left.


Ex.. You went shopping %26amp; bought $200 worth of stuff, so your available credit would be $300.|||Credit Limit = Maximum amount of credit the credit card company will give you per card. Ex.) $5000


Available credit = The amount remaining out of the $5000 that you haven't spent.





JP|||credit limit is the maxium you can borrow.





available credit is how much you're limit is, less what you owe.