How To Check Your Available Credit Limit?

It is true that credit cards give you the power to make big purchases for which you can pay later, but you can’t make unlimited spending using your credit card. You get a fixed monthly credit limit, which is the maximum amount you can spend using your credit card in a particular month. So in this article, you will learn how to check the available credit limit Just read below.

Some card issuers even allow you to spend beyond your credit limit, but it can affect your credit score badly. So, it becomes essential to keep checking your credit limit before making purchases in order to ensure that you have not reached the credit limit. But, many credit cardholders don’t know how and where they can check their available credit limit.

You might also be one of such individuals. There are several easy ways to check your spent and available credit limit in seconds. If you are not aware of how you can do the same, keep reading the article for different ways to check your available credit limit:

Different Ways To Check Your Credit Limit

Internet Banking

Online banking has made everything easy these days, including banking and the management of financial tools like credit cards. People can get most of their banking works done from the comfort of their homes. Nowadays, almost all credit card issuers have authorized official websites/portals where you can create your account and avail a lot of facilities through net banking. You can also check your outstanding balance and available credit limit by logging in to your internet banking account.

Credit Card Statement

A credit card statement is a document that is received by the cardholder from the bank once every billing cycle. This statement contains all the important information about the cardholder’s account, including every single transaction, payment due date, and many more. Your outstanding balance and the available credit limit are also mentioned on your credit card statement. Hence, it is advisable for you to check your statement every month instead of ignoring it.

Customer Care

Another convenient and easiest way to check your available credit limit is to contact your credit card customer care and request them to tell you the available credit limit on your credit card. This can be an easy method for people who don’t prefer online methods to get their banking works done. Simply call customer care and they will give you all the required information about your account. You can also ask them to guide you about how you can check your available credit on your own.

Visit The Branch

This is the oldest and traditional method to check your credit limit. If you are someone who doesn’t believe in internet/mobile banking, you can simply visit your nearest branch and ask a bank executive to give your account information. They will tell you all about your available credit limit, the amount you have spent, billing due date, etc.

How To Increase Your Credit Limit?

If you feel like your full credit limit is getting exhausted every time as it is not enough for you, you might be willing to get a higher credit limit on your credit card. Even if you are not willing to do so, you should get your limit increased because it is not a good idea to utilize your full credit limit every time.

If you know how your credit score is calculated, you might be aware of the fact that you should utilize only 30% or less of your credit limit in order to maintain a good credit score and to keep your credit account in good standing. And with a low credit limit, it becomes quite difficult to do so. Therefore, you should consider increasing your credit limit.

To get a higher credit limit, you can either request your card issuer to increase the credit limit on your current credit card or you can simply apply for another card with a higher limit.

But, you should make sure that you have a decent credit history in order to get approved for a higher limit on your credit card. However, if you believe that you will overspend with a higher limit, you should not prefer upgrading your card as overspending can lead to debt consolidation, which always results in poor financial health.

Bottom Line

These were some of the easy ways to check your available credit limit. You can check it online as well as offline as per your convenience. The easiest way of doing this is internet banking as it allows you to get all your credit card information in seconds just by logging in to your internet banking account.

It is advisable for you to keep checking your available credit limit and try to stop spending when you have utilized 30% or more of your total credit. Moreover, if your credit limit seems to be insufficient, you should consider getting a higher credit limit instead of going beyond your limit every time as it can affect your credit score. We hope the article was helpful for you to find out how you can check your available credit limit.

Let us know which method you prefer to check your credit limit and why? Also, if you have any doubts regarding the topic, feel free to ask us in the comment section below!