0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Patricia a standard cardholer uses her card for the first time and makes a 500 cash withdrawl. How much of her total credit limit remains?
D. 7000
What is credit limit in credit card?
Credit cards are open ended accounts. The issuing bank has a limit as to how much can be borrowed against the account. The top amount is the credit limit.
How much is the limit on a Halifax credit card?
The limit on a Halifax credit card is determined by the credit history of the applicant. There can be no way of knowing ahead of time what the limit will be on the card.
How much is a two percent purchase on a credit card?
It will depend on how much your credit limit is. For example, if your credit card limit is $500, a two percent purchase on your credit card would be $10.00
Patricia a standard card holder uses her card for the first time and makes a 500 cash withdrawal How much of her credit limit remains?
This question does not supply enough information to be fully answered. It would depend on her contract and card limit. If her card limit was $1,000, her remaining limit would be $500. If her card limit was $700, her remaining limit would be $200. You would take whatever her total limit is, and subtract the amount she has withdrawn or used. If this were a debit card instead of a credit card, it would be however much she had deposited, minus the amount she has used or withdrawn. Some debit accounts require a minimum balance be kept in the account at all times.
Patricia a standard cardholer uses her card for the first time and makes a 500 cash withdrawl. How much of her total credit limit remains?
D. 7000
What is credit limit in credit card?
Credit cards are open ended accounts. The issuing bank has a limit as to how much can be borrowed against the account. The top amount is the credit limit.
How much is the limit on a Halifax credit card?
The limit on a Halifax credit card is determined by the credit history of the applicant. There can be no way of knowing ahead of time what the limit will be on the card.
How much is a two percent purchase on a credit card?
It will depend on how much your credit limit is. For example, if your credit card limit is $500, a two percent purchase on your credit card would be $10.00
How is someone's credit card limit determined?
Someone's credit card limit is determined by examining their credit score. Typically, one who has good credit will receive a much higher credit card limit than one who has a bad credit score.
Patricia a standard card holder uses her card for the first time and makes a 500 cash withdrawal How much of her credit limit remains?
This question does not supply enough information to be fully answered. It would depend on her contract and card limit. If her card limit was $1,000, her remaining limit would be $500. If her card limit was $700, her remaining limit would be $200. You would take whatever her total limit is, and subtract the amount she has withdrawn or used. If this were a debit card instead of a credit card, it would be however much she had deposited, minus the amount she has used or withdrawn. Some debit accounts require a minimum balance be kept in the account at all times.
How much more can Randy charge to his credit card before he reaches the limit His credit limit is 5000 and he has used 1298.45?
3701.55
How does the ratio of credit limit to your balance affect your credit?
I know this much: Your balance-to-limit ratio is 30% of the criteria that credit bureaus use to generate your credit score. That's a large chunk.
How can you obtain a better credit score without much work?
BY PAYING YOUR BILLS ONTIME, KEEPING THE BALANCE UNDER 40% OF THE CREDIT LIMIT. The lower the debt to credit limit ratio, the better. I would try to stay under 25% of your credit limit.
Identify the situation in which a restricted card can be issued?
- An individual does not meet the minimum credit requirements for a standard card. - An individual declines a credit check - The commanding officer requests a restricted card
On a credit report is the credit score affected when the recent balance exceeds the original credit limit amount?
yes it does i have the same problem and i checked my credit report and it was not as good because of that. they only give you a limit of so much and when you owe them more then what they gave you then that means you went over the credit limit.
What is the average limit on student credit cards?
If you're new to the credit game, and have a limited credit history, you will generally get a limit of $300 - $1500. I wouldn't expect much more than $1500.
