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  2. Cut off? What to do if your credit card issuer lowered your limit

    www.aol.com/finance/cut-off-credit-card-issuer...

    In general, a revolving balance below 30 percent of the limit is ideal. When a credit card issuer lowers the limit on a card that has a balance, though, the debt-to-credit limit ratio will be ...

  3. How your credit limit is determined - AOL

    www.aol.com/finance/credit-limit-determined...

    Some credit card issuers offer credit cards with predetermined credit limits. A starter credit card might come with a $500 limit, for example, while a premium credit card could come with a $5,000 ...

  4. What is the limit for a balance transfer card? - AOL

    www.aol.com/finance/limit-balance-transfer-card...

    If you consolidate two cards with a $5,000 limit each but don’t also consolidate your credit limits, then you’ll go from having $10,000 in available credit to $5,000, which will impact your ...

  5. Credit card interest - Wikipedia

    en.wikipedia.org/wiki/Credit_card_interest

    In general, credit cards available to middle-class cardholders that range in credit limit from $1,000 to $30,000 calculate the finance charge by methods that are exactly equal to compound interest compounded daily, although the interest is not posted to the account until the end of the billing cycle. A high U.S. APR of 29.99% carries an ...

  6. How Much of Your Credit Limit Should You Use? - AOL

    www.aol.com/much-credit-limit-180011882.html

    Unfortunately, we generally do not learn about credit -- and other personal finance subjects -- in school. So when we start "adulting" and embarking on quests like getting our first credit cards or...

  7. Credit card - Wikipedia

    en.wikipedia.org/wiki/Credit_card

    The major credit card fees are for: Membership fees (annual or monthly), sometimes a percentage of the credit limit. Cash advances and convenience cheques (often 3% of the amount) Charges that result in exceeding the credit limit on the card (whether deliberately or by mistake), called over-limit fees

  8. Credit score - Wikipedia

    en.wikipedia.org/wiki/Credit_score

    In Australia, credit scoring is widely accepted as the primary method of assessing creditworthiness. Credit scoring is used not only to determine whether credit should be approved to an applicant, but for credit scoring in the setting of credit limits on credit or store cards, in behavioral modelling such as collections scoring, and also in the pre-approval of additional credit to a company's ...

  9. Need More Credit? Why You Should Ask for a Limit Increase ...

    www.aol.com/more-credit-why-ask-limit-164036628.html

    The application rate for credit card limit increases is on the rise as shoppers struggle to afford to buy presents this holiday season, according to the Federal Reserve Bank of New York. I'm a...