Credit limit can be defined a limit upto which you can take loan or withdraw money from your credit account. For example you have credit limite of $10000 you cannot withdraw amount more than $10000. This is credit limit

Credit limit is the maximum amount that can be borrowed on a credit card without penalty

Credit card company will allow a card holder to take out at once (If your card limit is 50,000 you can’t credit more then ) on a credit card. This limit called “Credit Limit”

A credit limit is the maximum amount that a person may charge on a credit card or borrow from a financial institution. A credit limit is based on several factors that influence a borrower’s ability to repay.

Credit limit is refers to maximum amount a credit card company will allow someone to borrow on a single card.