Available Credit vs. Credit Limit: This is the Difference

Available Credit vs. Credit Limit

Your total credit limit is the total amount you’re allowed to borrow, while your available credit is the amount of your credit limit minus your current balance on your card. It’s best to pay off your card in full each month so you will have lots of credit available. Not only does this help your credit score, but it also ensures you can use your card in case of an emergency.