Available Credit

Available Credit

1. The credit one has on a credit card. For example, if one has a $650 limit on a credit and has made $200 in purchases with it, one's available credit is $450.

2. See: Available Balance.
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Available credit is the difference between what your outstanding balance is and your total credit limit.
30 August 2012 - Brits are collectively sitting on GBP 260b of available credit according to new research by U.
Consequently, your credit report will show that you are using much more of your available credit than you were before.
Open-end credit generally refers to a revolving line of credit (such as a credit card account) where repeated transactions are expected, the available credit is replenished as unpaid balances are repaid, and finance charges are assessed on unpaid balances.
Banks tightening of available credit caused much of a 33 percent decline in shopping center construction starts in the United States last year, according to the International Council of Shopping Centers (ICSC).
When available credit is looked at alongside debt from student loans, a mortgage, a car loan, etc.