What is the difference between available credit and your credit line on your credit card ?

Question

Both have increased in the past month.

Answer 1

The credit line is how large a balance you are allowed to have.
Available credit is the amount of money left when you subtract what you've already spent from the credit line.

They likely increased your credit line without asking. If your balance went up, and you didn't use the card, I'd check my statement on line and complain if someone used your information without your permission.

Answer 2

Credit line is your credit limit.

Available credit is the difference between your credit line and the amount you have charged. In other words, the unused portion of your credit limit.

If both went up, I'd say your credit card company just increased your limit. They tend to send you some kind of notice telling you what a great customer you are.

Answer 3

Your credit line is the total amount of credit you have on that particular card. The available credit is the amount of the credit line you have not yet spent.

Answer 4

your credit line is the total amount the company will allow you to charge (buy things).

Available credit means how much money you can borrow for purchases.

If the available credit has increased it only means that you have made a payment and it's been credited to your account.

Answer 5

available credit is what you have that you can use, that has been adjusted IE any money that has already been spent from the entire line of credit has been subtracted.