What does available credit mean on a credit card?

Your available credit is one of the most important things about your credit card. The amount of available credit you have is the total amount of money that you can spend on your credit card. If you try to make a purchase that’s more than your total available credit, your credit card company will usually decline your transaction.

What is available credit if I have a credit limit?

If you have a total credit limit of $7,500 on a particular card, and an outstanding balance of $1,000, then your available credit is $6,500. The available credit amount is the maximum amount that you can charge on your credit card at the current moment. Why is my available credit higher than my credit limit?

What is available credit & how does it work?

As you make purchases using your card, the cost of each purchase is subtracted from your credit limit. The amount you're left with is known as your available credit. Should you use your available credit?