credit limit

How Your Credit Limit is Determined

Just how do lenders set your credit limit? There are two major factors that most lenders look at in order to set your initial credit limit.

Can You Have Too Much Credit?

"Too much of a good thing can be wonderful," said film star Mae West. But what about too much credit? Is having a lot of credit a wonderful thing as well?

What Blue States Can Teach Red States About Credit

It's not just politics that defines the differences between Republican-leaning "red states" and Democrat-leaning "blue states" -- and some of those differences may surprise you. For example, when it comes to credit scores, blue states are where the smart money is.

5 Lesser-Known Ways to Boost Your Credit Score

Credit scores affect many aspects of our lives -- more than you may think. Paying bills on time and staying well below your credit limits are sure-fire ways to build and maintain good credit. But there are some lesser-known strategies to boost your score as well.

The Latest Credit Card Trap: No Limits, Just 'Access'

Now that consumer protection laws have pushed back against some of the methods banks devised to make excessive profits at your expense, the financial institutions are trying new techniques. Here's one that at first glance seems like a benefit: Taking away your credit limit.

A Reader Asks: How Can I Increase My Credit Limit?

A reader named Crystal wanted to increase the limit on her credit card, but got denied -- and she found the explanation the card company gave her cryptic. DailyFinance's Laura Rowley decodes the message and offers tips on accessing credit.

How to Score the Right Credit Card for You

Credit card banks know plenty about you -- but what do you really know about them? CreditKarma.com wants to give you the inside scoop on which cards cater to whom, so you'll be able to find the best fit for you -- and avoid having your credit report dinged by turn-downs.