Available Credit vs. Credit Limit: Do You Know the Difference?
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.
Many or all of the companies featured provide compensation to LendEDU. These commissions are how we maintain our free service for consumers. Compensation, along with hours of in-depth editorial research, determines where & how companies appear on our site.