Holiday Credit Limit Calculator

Tis the season of credit limit increases. Calculate how much yours has jumped.

What are credit limits?

Credit limits are the maximum amount allotted to a borrower. For example, if a borrower has a $2,000 credit limit, it means the borrower can charge up to $2,000 on their credit card.

What are credit limits based on?

Credit limits are typically based on income level, credit history, and other financial behaviors.

Why do credit limits increase around the holidays?

To brilliantly meet customer needs during the increased spending season.

How much can credit limit change?

We've seen increases from 10% to 60%.

Do credit limits increase automatically?

They can. Companies may want updated information on your income -- but not always. Credit limits can increase simply from having an account in great standing.

How does credit limit impact credit score?

A high credit limit can mean a lower credit utilization. This combination makes it super easy to get an excellent credit score (800+).

What happens if my credit limit goes down?

Credit limits can decrease because the card is not regularly used, or the issuing company wants to reduce risk. Don't freak out. It may be best to close that card and find a card that better serves your unique needs.