Credit Limit

The credit limit is the maximum amount that a given cardholder can borrow at one time. This amount usually 
starts out low, around several hundred or thousand dollars. The limit can be raised over time, especially if the
borrower makes their payments in a timely manner with no deliquencies.
 
Sometimes credit limit increases are automatic, sometimes they must be requested. However, a credit limit
has a cap or maximum, commonly up to $100,000.