Credit Card limit point
This is the maximal debt allowed for on a credit card or additional rotating credit accounts. Your upper limit credit limit and your available credit limit (the total minus current charges) are declared on each credit card charging statement. A revolving credit account is one in which you have the choice of paying the entire amount due during a monthly billing cycle or spreading refund over various months by making at least the asked minimum payment. You are able to continue to make charges on the account statement as long as you pay, at least, the minimal amount due each month and do not exceed your credit limit. Look on a rolling credit account as a uninterrupted debt treadmill. If you never pay the bill in full you can never stop to rest; you have to keep running.
If your maximal credit limit is too high, call for the card issuer to get down it to a level that makes you easier. If the issuer gains the limit without calling for you, tell them to lower it. High credit lines could keep you from getting a loan. Although you may have no intention of accusing up to the maximum credit limit, potential lenders might see that as a minus when evaluating lend applications. The loaners may view the credit as available and decide that you may resort to using the credit.