Sentences with phrase «as the credit limit»

It's also known as a credit limit, line of credit or spending limit.

As long as the credit limit is not reached, the borrower can withdraw any amount again even immediately after repaying.

Sometimes that annual fee can be almost the same amount as your credit limit on the card.

In the beginning, the deposit needed to open a secured line of credit is generally also the same as the credit limit that would be extended to you.

This is often the determining factor of credit card approval as well as credit limit definition.

That means to open an account you'll have to pay a security deposit that also serves as your credit limit, minus the fees.

Remember that if you ever charge a bigger balance than previously, that new balance will be reported as the credit limit.

To use a secured credit card you must first put down a deposit that acts as collateral and sometimes as your credit limit, depending on the card.

Or, after you've had the card for a few months, pull your own report to see what's listed as the credit limit.

Consumers must deposit the amount they want as their credit limit.

Secured credit cards require a deposit that to be used as your credit limit.

There are some secured credit cards that require a higher deposit than what you'll receive as a credit limit.

To open a secured credit card, banks will require a refundable deposit, which will be established as your credit limit.

Instead of receiving the entire value of the equity in one lump sum, however, a HELOC works more like a credit card with total equity as the credit limit.

In this case, your fund is only as high as your credit limit and the number of cards you own.

On a credit report, the balance on the charge card may also be recognized as the credit limit.

A secured credit card — a credit - building card where your own cash security deposit acts as your credit limit — may have been the ideal choice when you had zero credit history.

The maximum amount you can borrow is known as your credit limit.

Other creditors choose to only report negative information or to exclude important key data points such as credit limits.

As a credit line, you can withdraw an HELOC whenever you like as long as the credit limit is never surpassed.

A secured card will require that you pay cash upfront and use the total amount as your credit limit.

That amount of money serves as your credit limit.

The amount of money you're asked to put down is generally the same as your credit limit.

Finova loans are advertised as lines of credit, but they differ from the revolving credit associated with a credit card or personal line of credit because you get your loan amount in a lump sum, not as a credit limit.

The deposit is in the same amount as the credit limit of the card.»

Different things effect your credit score such as credit limit utilized and on time payments.

Bank of America substitutes a «high balance» - the cardholder's highest balance over some period - as a credit limit for its Visa Signature customers.

Few tips: Continue to pay your bills on time while you are repairing your credit Try to keep your credit card balance at 30 % or lower of the credit limit on your card (s) Monitor your credit to ensure that there is no mistake or that there is no one using your information Make sure that your lenders are reporting your payment history correctly as well as the credit limit on your card.

Here's how secured cards work, and why they make sense when your credit is iffy: You put down a deposit with your bank, say $ 500, and that deposit acts as your credit limit — meaning you spend money against the deposit, eliminating most of the risk for the bank.

When you have a credit card, a bank loans you a specific amount of money, known as your credit limit, and you're allowed to make purchases with that line of credit.

With a HELOC, a borrower may take out money at whatever time they need it as long as the credit limit is not exceeded.

Making the grade: How you can qualify Lenders look at both the business owner's personal payment history and the business» payment history to determine the interest rate, as well as the credit limit.

Options like secured credit cards exist, but require a chunk of money to be deposited up front to serve as your credit limit.

I created this credit account register template based on my Excel Checkbook template, but it includes some summary details specific to credit cards such as the credit limit, available credit and current utilization (debt - to - credit) ratio.

It could drop slightly if you respond to an offer associated with a new account, as your credit limit also increases.

Specific information about each account, such as the credit limit, date opened, and the loan amount, monthly payment, balance, and the pattern of payments during the past few years.

Simple and no frills, most secured cards come with no rewards, and you'll be required to make a cash down payment that acts as your credit limit and «secures» your account.

They're ideal for people who can't qualify for a regular credit card, secured by a cash down payment that acts as your credit limit.

The lending institution (or card company) puts a cap on the loan amount — referred to as a credit limit — and allows the consumer to spend that amount on an as - needed basis.

As your credit limit is raised, almost simultaneously your credit score goes up with it.

They are secured by a cash down payment that acts as your credit limit, protecting the card issuer in case you don't pay.

Instead of providing a high credit limit like an unsecured credit card does, a secured card uses a deposit that you provide — such as $ 500 — as your credit limit.

Most secured cards require a deposit, such as $ 500, which acts as your credit limit.

Regular credit card companies will issue you a card so that you can use it to make purchases to a certain limit which is known as credit limit.